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Building Energy Management Services Market in India to Grow at a CAGR of 28.59% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Building Energy Management Services Market in India 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 12/19/2016 -- Report forecast the building energy management services market in India to grow at a CAGR of 28.59% during the period 2016-2020.

BEM services refer to dedicated energy solutions provided to end-users in terms of energy savings and optimization. These services include the installation of an energy-efficient product, maintenance of existing machinery to reduce consumption, and concerted consulting in the forms of energy audits, monitoring, and control.

The report covers the present scenario and the growth prospects of the building energy management services market in India for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of prominent vendors operating in the market.

The market is divided into the following segments based on geography:
- Mumbai and Pune
- Delhi-NCR
- Bangalore
- Hyderabad
- Others (Chennai, Kolkata, Ahmedabad, and Chandigarh)

According to the report, one of the primary drivers in the market is increase in number of real estate buildings. The real estate sector in India is slotted to witness a rapid growth owing to developmental activities in both the commercial and residential sectors. Commercial buildings, especially office buildings, will drive the growth in the real estate segment with an absorption of 35 million sq. ft. of office space in 2015. The office buildings sector is expected to record a CAGR of 8% during the forecast period. The housing sector will also contribute to the growth of real estate activity by growing at a CAGR of 11% during the forecast period. Among office buildings, the IT/ITES sector will hold the highest contribution of office spaces, followed by the banking sector.

Further, the report states that one major challenge in the market is limited differentiation in services. Vendors in the BEM services market in India are facing increased competition from several local and regional vendors. This is because of the lack of services differentiation. Services offered by many established companies have minute differences in terms of both quality and performance. This is augmenting the bargaining power of customers. With slower technological innovations taking place in this market, vendors are facing challenges related to services differentiation. However, customers prefer services from familiar and reputed vendors because of the ease of accessibility and reliability. Many vendors are therefore trying to differentiate their services from others by leveling up the quality of their products and incorporating a degree of customization. However, with the services being mostly similar, established vendors would face stiff competition during the forecast period.

Building Energy Management Services Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the building energy management services market in India: Honeywell, Schneider Electric, Bosch, Secure Meters, and Siemens.

Other prominent vendors in the market are: Delta India Electronics, TCS, Allied Digital, and CMS Computers.

Market driver
- Protecting investments made in building assets.
- For a full, detailed list, view our report

Market challenge
- Workforce mobility in BEM services market.
- For a full, detailed list, view our report

Market trend
- Technological advancements in BEM services.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 69 pages and 51 Exhibits "Building Energy Management Services Market in India 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by services, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Competition analysis, Appendix.

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