Intelligent Building Management Systems Market - India Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

Albany, NY -- (SBWire) -- 03/31/2016 --Transparency Market Research, a global market intelligence firm, has recently published a new market research report made available on the company website. The research report, titled "Intelligent Building Management Systems Market - India Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021," provides a detailed analysis of the Indian intelligent building management system market, emphasizing on the market's overview, including drivers and restraints, opportunities and challenges, current market trends, and the competitive landscape of the market.

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Based on product type, the India IBMS market has been categorized into outdoor controls, HVAC controls, security controls, entertainment controls, general lighting controls, access controls, communication systems, and others. In 2014, the security control segment was valued at US$291.3 mn and led the India IBMS market, holding a share of more than 30% in the India market. This segment is expected to remain in the leading position in the forecast period owing to the reduction in traffic violence, increasing need for safety and security, and need for cyber security.

Based on application, the India IBMS market has been classified broadly into life sciences; manufacturing; office space (ITES, IT parks, BPO, and banks); hospitality, residential, and retail; energy and infrastructure; centers of education and learning. In 2014, the hospitality, residential, and retail segment was valued at US$185.1 mn and accounted for the largest share in the overall market. The high growth of this segment can be attributed to the growing application of IBMS such as security systems, access control systems, entertainment control systems, and general lighting control in hotels, residential buildings, and retail stores in various cities in India. On the other hand, the centers of education and learning segment is expected to grow rapidly through the forecast period.

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Based on geography, the India IBMS market has been segmented into North India, West India, East India, and South India. In 2014, the South India IBMS segment dominated the market with a revenue share of US$296.4 mn in the India IBMS market and is expected to remain in the leading position through the forecast period. The high growth rate of this regional market can be attributed to growing industrialization, well-established hospitality and hotel industry, and increasing disposable income. On the other hand, the East India IBMS market is estimated to grow at a fast pace owing to the rising number of manufacturers and developing construction industry in this region.

Furthermore, the research report covers the competitive landscape of the India market for IBMS, including company profiles, products offered, financial overview, business strategies, historical roadmap, and recent developments such as any mergers and acquisitions in the market. Some of the prominent players operating in the India IBMS market are Control4 Corporation, Schneider Electric India, Honeywell Automation India, Johnson Controls (India), ABB India, Cisco Systems, and Siemens Building Technology.

According to the research report, in 2014, the India market for intelligent building management systems (IBMS) was worth close to US$0.8 bn and is estimated to reach a value of US$4.2 bn by the end of 2021. The market is anticipated to register a progressive 28.10% CAGR between 2015 and 2021.

The developing Indian economy, growth in infrastructure, green building, and hospitality, and the developing automation market are some of the major factors driving the India IBMS market. However, the absence of skilled operators is one of the major factors hampering the growth of the market.

Based on product type, the India IBMS market has been categorized into outdoor controls, HVAC controls, security controls, entertainment controls, general lighting controls, access controls, communication systems, and others. In 2014, the security control segment was valued at US$291.3 mn and led the India IBMS market, holding a share of more than 30% in the India market. This segment is expected to remain in the leading position in the forecast period owing to the reduction in traffic violence, increasing need for safety and security, and need for cyber security.

Based on application, the India IBMS market has been classified broadly into life sciences; manufacturing; office space (ITES, IT parks, BPO, and banks); hospitality, residential, and retail; energy and infrastructure; centers of education and learning. In 2014, the hospitality, residential, and retail segment was valued at US$185.1 mn and accounted for the largest share in the overall market. The high growth of this segment can be attributed to the growing application of IBMS such as security systems, access control systems, entertainment control systems, and general lighting control in hotels, residential buildings, and retail stores in various cities in India. On the other hand, the centers of education and learning segment is expected to grow rapidly through the forecast period.

Based on geography, the India IBMS market has been segmented into North India, West India, East India, and South India. In 2014, the South India IBMS segment dominated the market with a revenue share of US$296.4 mn in the India IBMS market and is expected to remain in the leading position through the forecast period. The high growth rate of this regional market can be attributed to growing industrialization, well-established hospitality and hotel industry, and increasing disposable income. On the other hand, the East India IBMS market is estimated to grow at a fast pace owing to the rising number of manufacturers and developing construction industry in this region.

Furthermore, the research report covers the competitive landscape of the India market for IBMS, including company profiles, products offered, financial overview, business strategies, historical roadmap, and recent developments such as any mergers and acquisitions in the market. Some of the prominent players operating in the India IBMS market are Control4 Corporation, Schneider Electric India, Honeywell Automation India, Johnson Controls (India), ABB India, Cisco Systems, and Siemens Building Technology.

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