India Building Automation & Control System Market to be Dominated by Residential Sector During the Forecast Period
Growing construction activities and rising awareness due to the
need to conserve energy are driving the India Building Automation & Control
System Market through 2028.
According to
TechSci Research report, "India Building Automation & Control
System Market – By Region, Competition Forecast & Opportunities, 2018-2028,”
the India
Building Automation & Control System Market is expected to register robust
growth during the forecast period, 2023-2028. The India Building Automation &
Control System market is driving owing to increasing construction activities
and growing awareness about energy conservation across the country. Moreover,
building automation & control systems (BACS) aid in lowering operating costs by reducing the energy
consumption of a building, further fueling 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 the India Building Automation & Control System market
over the coming years.
Among industry segments, the electronic
security & safety segment dominated India building automation & control
systems market in 2022 and is likely to continue to dominate during the forecast
period as well, owing to the increasing occurrence of theft, fire, and criminal
incidents across the country. Further, the implementation of access controls is
also increasing in the corporate, government as well as retail spaces. On the
basis of end-user, India building automation & control systems market is
categorized into hospitality, IT/ITES, retail, BFSI, transportation,
residential complexes, education, manufacturing, utilities and others. The
commercial sector that includes hospitality, corporate offices, IT/ITES,
retail, BFSI, transportation, etc., accounts for the largest market share in
2022. However, the 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.
The COVID-19 pandemic in 2021
has affected all the manufacturing sectors in India, and the building
automation & control systems assembling & manufacturing companies had
to face the wrath of the situation as well. India had to undergo a complete
lockdown in the first quarter of 2021, in order to curb the spread of the
disease. This resulted in the temporary closing down of automation &
control systems manufacturing and assembling units. Moreover, the threat of
proliferation of the disease also led to a shortage of labor which further
hampered manufacturing activities across
the country. Disruption in the supply chain network was another major impact of
COVID-19 witnessed in the market. The Government of India had temporarily
imposed restrictions on the movement of vehicles within the country. The
restriction in travel and logistics activities led to delays in the delivery of
raw materials as well as finished products, hindering the market growth
significantly.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "India Building Automation & Control System Market"
Based on Industry Segment,
the market is divided into HVAC Control Systems, Lighting Control Systems,
Electronic Security & Safety and Building Energy Management System. Based
on Communication Technology, the market is segmented into Wired and Wireless.
Based on Wired, the market is fragmented into Digital Addressable Lighting
Interface (DALI), KONNEX (KNX), Building Automation and Control Network (BACNET),
LonWorks and Modbus. Based on Wireless, the market is fragmented into Zigbee,
EnOcean, Wifi, Bluetooth and Others. Based on Application, the market is
segmented into Commercial, Industrial and Residential. Based on Sales Channel,
the market is divided into Direct and Indirect. Based on the End-User, the
market is segmented into Hospitality, IT/ITES, Retail, BFSI, Transportation,
Residential Complexes, Education, Manufacturing, Utilities and Others. Based on
the region the market is fragmented into South, West, North and East.
Top companies are spending a
lot of money on evaluation and analysis of the Building Automation &
Control System technologies to improve the product offering associated with the
industrial developments across the country. Operational effectiveness,
performance optimization and technological advancements are all products of
R&D activities. One of the main factors driving the expansion of the market
for Building Automation & Control System is the growing demand for energy conservation
across India.
Key market players in the India
Building Automation & Control System market include:
- Honeywell Automation India
Ltd.
- 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 Electricals and
Automation Ltd.
Schneider Electric India Pvt.
Ltd. acquired the electrical and automation business of Larsen & Toubro in
2020 to expand its business offerings, in which French multinational Schneider
Electric owns a 65% stake, while global investment company Temasek holds a 35%
stake..
Beckhoff
Automation Pvt. Ltd. implements open automation systems based on PC Control
technology. The company launched two more technologies in 2020, which are
TwinCAT Cloud Engineering and TwinCAT Machine Learning to improve its product
offerings and market dominance.
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"South region dominates
India Building Automation & Control System 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, energy
consumption and conservation awareness are higher in southern states 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 to the region's large
population. Furthermore, growth in smart cities and rising inclination towards
Internet of Things would further steer growth in the country's BUILDING
AUTOMATION & CONTROL SYSTEM market during forecast period." said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
"India Building Automation & Control System Market By Industry Segment (HVAC
Control Systems, Lighting Control Systems, Electronic Security & Safety, Building
Energy Management System), By Communication Technology (Wired (Digital
Addressable Lighting Interface (DALI), KONNEX (KNX), Building Automation and Control Network
(BACNET), LonWorks, Modbus), Wireless (Zigbee,
EnOcean, Wifi, Bluetooth, Others)), By Application (Commercial, Industrial, Residential),
By Sales Channel (Direct, Indirect), By End-User (Hospitality, IT/ITES, Retail,
BFSI, Transportation, Residential Complexes, Education, Manufacturing, Utilities,
Others), By Region, Competition Forecast and
Opportunities, 2018-2028F", has
evaluated the future growth potential of India Building Automation &
Control System Market
and provides statistics and
information on market structure, size, share, and future growth. The report
intends to provide cutting-Cloud 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 the India Building Automation & Control System Market.
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