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India Intelligent Building Management Systems (IBMS) Market is Expected to Reach USD 4,347.7 million in 2021:Transparency Market Research
Intelligent Building Management Systems Market - India Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
Published 09 September 2015
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.
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.
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.
The report covers the India IBMS market, and provides data in terms of revenue (USD Million) from 2015 to 2021.
Browse the full Intelligent Building Management Systems Market - India Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at http://www.transparencymarketresearch.com/india-ibms-market.html
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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