As per the new
market report published by Transparency Market Research “Intelligent
Building Management Systems Market - India Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2021,”
India IBMS market was valued at USD 780.0 million in 2014, growing at
a CAGR of 28.1% from 2015 to 2021 to account for USD 4,347.7 million
in 2021.
The growth of Indian
IBMS market is primarily driven due to the increasing hospitality
industry and green building infrastructures. This in turn is
attracting various manufacturers of IBMS to invest in this market. In
addition, the augmented growth in automation market, economic growth
of India and growing disposable income are boosting the IBMS market
in the country. Moreover, the IBMS provide other benefits such as
reduction of man power, higher energy savings, reduced operating cost
and others. The IBMS market is categorized into three segments: by
product, by application and by region.
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Research Report of Intelligent Building Management Systems Market :http://www.transparencymarketresearch.com/india-ibms-market.html
By product, the
security control segment held the largest market share of more than
thirty percent of the overall market which accounted for USD 291.3
million in 2014. The security control segment is expected to dominate
the market throughout the forecast period. The dominance of this
segment is mainly due to the rising need for safety and security,
reduction of traffic violence, need for cyber security and others.
In terms of
application, the hospitality, residential and retail sector
contributed the highest revenue share in the overall Indian IBMS
market in 2014. The hospitality residential and retail sector
recorded revenue of USD 185.1 million in 2014. This growth is
attributed to the increasing IBMS application such as access control
systems, general lighting control, security systems, and
entertainment control systems in retail stores, hotels, and
residential buildings in various cities of India. The center of
education and learning application of IBMS is analyzed to be the
fastest growing segment during the forecast period.
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In terms of region,
South India lead the India IBMS market with a revenue share of USD
296.4 million in 2014 and is expected to dominate the market
throughout the forecast period. The region’s dominance is primarily
due to the high disposable income of the people, high degree of
industrialization, and well established hotel and hospitality
industry in the region. In addition, South India has presence of
major IBMS manufacturers such as Siemens Building Technology Pvt.
Ltd, Honeywell Automation India Ltd and Johnson Controls (India) Pvt.
Ltd. among others.
Furthermore, the key
players have been profiled in this report on the basis of the company
overview, recent development, products/services, historical roadmap
and future strategies in the IBMS market. The key players in the IBMS
market include Cisco Systems, Inc, Siemens Building Technology Pvt.
Ltd., Honeyweel Automation India Ltd, ABB India Ltd., Schneider
Electric India Pvt. Ltd, Johnson controls (India) Pvt. Ltd. and
Control4 Corporation among others.
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Release of Intelligent Building Management Systems Market :http://www.transparencymarketresearch.com/pressrelease/india-ibms-market.htm
The report covers
the India IBMS market, and provides data in terms of revenue (USD
Million) from 2015 to 2021.
The India IBMS
market has been segmented as follows:-
India IBMS
Market: By Product
- General Lighting Controls
- Communication Systems
- Security Controls
- Access Controls
- HVAC Controls
- Entertainment Controls
- Outdoor Controls
- Others
India IBMS
Market: By Application
Hospitality,
Residential and Retail
- Public Recreation
- Retail Buildings
- Lodging
- Amusement
- Residential Building
- Other
Life Science
- Healthcare Building (Institutional)
- Healthcare Building (Commercial)
Office Space: IT
Parks, Banks, ITES, BPO
- Government Buildings
- Office Buildings
Centers of
Education and Learning
- Religious Building
- Educational Building
Manufacturing
- Industrial Building (Manufacturing)
- Automotive
Energy and
Infrastructure
- Highways, Streets and Bridge
- Transportation
- Communications
- Warehouse Non Mfg
India IBMS
Market: By Geography
- South India
- West India
- North India
- East India
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