Residential Sector to Witness Fastest Growth in India Building Automation & Control Systems Market through 2023
Growing construction activities coupled with
rising awareness about need to conserve energy to boost demand for building
automation & control systems across India through 2023
According to TechSci Research
report, “India Building Automation & Control Systems Market By Industry
Segment, By Communication Protocol By Application, Competition Forecast &
Opportunities, 2013 - 2023’’, India
building automation & control systems market is forecast to witness a CAGR
of more than 12% during 2018 - 2023, owing to increasing construction
activities and growing awareness about energy conversation across the country.
Moreover, building automation & control systems (BACS) aid in lowering the
operating costs by reducing the energy consumption of a building, which is
further fuelling their demand across India. Additionally, increasing demand for
electronic security like CCTVs and access controls like biometrics in addition
to fire protection and safety equipment would also boost growth in India BACS
market over the coming years.
Browse 28 market data 95 Figures spread through 84 Pages and an
in-depth TOC on "
India Building Automation & Control
Systems Market "
https://www.techsciresearch.com/report/india-building-automation-and-control-systems-market/3548.html
Among
industry segments, electronic security & safety segment dominated India
building automation & control systems market in 2017 and is likely to
continue dominating during forecast period as well owing to increasing occurrence
of theft, fire and criminal incidents across the country. Further,
implementation of access controls is also increasing in the corporate,
government as well as retail spaces. On the basis of end use sectors, India
building automation & control systems market is categorized into commercial,
government & transport, residential and industrial. Of all these sectors,
commercial sector that includes hospitality, corporate offices, retail sector,
healthcare, etc, accounts for the largest market share. However, residential
sector is expected to be the fastest growing sector in the coming five years
due to integration of smartphone connected advanced security and surveillance
systems, lighting and HVAC controls across residential buildings.
Download
Sample Report @
https://www.techsciresearch.com/sample-report.aspx?cid=3548
Customers
can also request for 10% free customization on this report.
Honeywell Automation India Limited, Siemens Ltd, Johnson
Controls India Pvt Ltd, Schneider
Electric India Pvt. Ltd., Legrand India, ABB India Limited, etc., are some of the major companies operating in India building automation
& control systems market. “South region dominates India BACS market on account of
increasing construction activities across southern states, high urbanization
and large IT industry presence in cities like Bengaluru, Hyderabad and Chennai.
Moreover, awareness about energy consumption and conservation is higher in
southern states as compared to other regions of India. However, in the coming
years, demand from Northern India is anticipated to increase at the fastest
pace due to higher spending power and increasing development activities to
cater the large population of the region. Furthermore, growth in smart cities and
rising inclination towards Internet of Things would further steer growth in the
country’s BACS market during forecast
period.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Building
Automation & Control Systems Market By Industry Segment, By Communication
Protocol By Application, Competition Forecast & Opportunities, 2013 - 2023” has evaluated the future
growth potential of India building automation & control systems market and
provides statistics and information on market size, structure and trends. The
report offers decision makers superior market intelligence, thereby enabling
them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market
inclinations along with indispensable drivers, challenges and opportunities in India
building automation & control systems market.
About TechSci Research
TechSci Research is a leading
global market research firm publishing premium market research reports. Serving
700 global clients with more than 600 premium market research studies, TechSci
Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth
and emerging markets, leading technologies and niche applications. Our
workforce of more than 100 fulltime Analysts and Consultants employing
innovative research solutions and tracking global and country specific high
growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]