India Building Automation and Control Systems Market to Reach USD3356.04 Million until FY2027
Growing government
initiatives, increasing construction market, rising demand for next-generation
electronic security, increased use of lighting control systems to drive India
Building Automation and Control Systems Market through FY2027.
According to TechSci report on, “India Building Automation and Control Systems Market By Industry Segment (Electronic Security
and Safety, HVAC Control Systems, Lighting
Control Systems, Building Energy Management System), By Communication
Technology (Wired and Wireless), By Application(Commercial, Industrial, Residential),
By End User( IT/ITES, Hospitality, Retail, Transportation, BFSI, Manufacturing,
Residential Complexes, Education, Utilities, Others), By Region, Competition,
Forecast & Opportunities, 2027”, India
Building Automation and Control Systems Market was valued at USD1883.89 Million
in FY2021 and is projected to grow at CAGR of around 11.08% during FY2022 –
FY2027 primarily due to the growth in the infrastructure development activities.
The growth of the India Building Automation and Control Systems Market is
mainly due to the growing construction sector and urbanization in India.
Moreover, Rising Demand for Electronic Security is further bolstering the
growth of India Building Automation and Control Systems Market.
In
terms of Industry segment, the India
Building Automation and Control Systems Market is
categorized into Electronic Security and Safety, HVAC Control Systems, Lighting
Control Systems, and Building Energy Management System. Among these, the Lighting
Control Systems category accounted for majority in the India Building Automation
and Control Systems Market in 2021 and it is anticipated to remain as the
largest category throughout the forecast period as well. The growth of the
category is majorly attributed to the fact that this system maximize energy
savings, satisfies building codes, provides safety & security, or comply
with green building and energy conservation programs. Also, this system provides
the desired amount of light where and when it is needed.
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Based on the Communication
Technology of India
Building Automation and Control Systems Market the market can
be segmented into Wired and Wireless and will be dominated by the wired sector
because of its low cost and comparatively lesser maintenance charges.
Based on Wired Communication
Technology can be segmented into Digital Addressable Lighting Interface (DALI),
KONNEX (KNX), Building Automation and Control Network (BACNET), LonWorks, and Modbus.
The market will see anticipated growth in Building Automation and Control
Network (BACNET) as this type of wired communication technology is specifically
designed to allow communication of building automation and control systems for
applications such as heating, ventilating, and air-conditioning control (HVAC),
lighting control, access control, and fire detection systems and their
associated equipment.
Based on Wireless
Communication Technology, the market can be segmented into Zigbee, EnOcean, Wi-Fi,
Bluetooth, and others. The market will see predicted growth in EnOcean segment as
this type of Wireless Communication technology is specifically designed to
allow communication of building automation and control systems for applications
such as heating, ventilating, and air-conditioning control (HVAC), lighting
control, access control, and fire detection systems and their associated equipment.
Based on Application the
India Building and Automation Control System Market can be segmented into
Commercial, Industrial and Residential Sectors. The residential segment is
expected to lead the market as Building Automation allows shifting from
conventional homes to smart homes which includes cohesive security, improved
lighting control systems and better energy management which results in abridged
costs related to HVAC and lighting and conserves energy. Moreover, favourable government policies
and initiatives such as Housing for All, Smart City Mission, and National Urban
Housing Fund is another factor which is further propelling the demand for
Building Automation & Control Systems in the residential segment.
Based on Region, the India
Building and Automation Control System Market can be segmented into North,
South, East and West. The south region in estimated to dominate the market
owing to the to the surging investment in the real estate sector and increasing
urbanisation in the region. Moreover, increasing awareness of green buildings
is expected to drive the market in the region.
Honeywell Automation India
Limited, Siemens Limited, Schneider Electric India Pvt. Ltd., Johnson Controls
India, ABB India Ltd., Beckhoff Automation Pvt. Ltd., Carel ACR Systems India
Pvt. Ltd., Carrier Airconditioning & Refrigeration Ltd., Crestron
Electronics India Pvt. Ltd., L&T Electrical and Automation Ltd. and others are
some of the leading players operating in India Building and Automation Control
System Market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
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“India Building and Automation Control
System Market is anticipated to grow at a steady pace during the
forecast period. However, the market will see downfall due to the COVID-19
pandemic all over the country but the factors like Rising Demand for Electronic
Security and urbanization, Growing Awareness About Energy Conservation in India
among others are anticipated to propel demand for Building Automation and
Control Systems across the country over the next five years.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India
Building Automation and Control Systems Market By Industry Segment (Electronic
Security and Safety, HVAC Control Systems,
Lighting Control Systems, Building Energy Management System), By
Communication Technology (Wired and Wireless), By Application(Commercial,
Industrial, Residential), By End User( IT/ITES, Hospitality, Retail,
Transportation, BFSI, Manufacturing, Residential Complexes, Education,
Utilities, Others), By Region, Competition, Forecast & Opportunities, 2027” has
evaluated the future growth potential of India Building Automation and Control
Systems Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India Building Automation
and Control Systems Market
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