Market Forecast By Software (Facility Management, Security Management, Energy Management, Infrastructure Management, Emergency Management), By Service Type (Professional Services, Managed Services), By Application (Residential, Commercial, Industrial) And Competitive Landscape
Product Code: ETC4468705 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The India building management system market is expanding as organizations and real estate developers adopt smart building technologies for energy efficiency and occupant comfort. These systems provide centralized control over various building functions, including HVAC, lighting, and security. With the government`s push for sustainable building practices, this market is experiencing substantial growth.
The India Building Management System (BMS) market is witnessing robust growth due to several driving factors. Firstly, the increasing awareness of energy efficiency and sustainability has prompted businesses and facility managers to adopt BMS solutions. The ability to monitor and control various building systems, such as HVAC, lighting, and security, in an integrated manner not only improves operational efficiency but also reduces energy consumption, a critical concern in a country with growing environmental consciousness. Additionally, the need for enhanced security measures and the rising demand for smart buildings have contributed to the expansion of the BMS market. Government initiatives and regulations promoting energy efficiency and sustainability further boost the adoption of BMS in commercial and residential buildings.
The India building management system market confronts challenges related to the adoption of smart building technologies. While these systems offer energy efficiency and cost savings, there`s a need for infrastructure upgrades in existing buildings. Additionally, concerns about data privacy and cybersecurity must be addressed to ensure the secure operation of these systems.
The COVID-19 pandemic reshaped the India building management system market as the need for safer and more efficient building operations became paramount. In response to the pandemic, building managers and owners sought to enhance their systems with features like touchless access control, occupancy monitoring, and air quality management. This shift towards smarter and more health-conscious buildings is expected to persist, as the focus on occupant safety and well-being remains a top priority. The pandemic accelerated the adoption of IoT-based building management systems, and this trend is likely to continue as businesses and institutions place a higher premium on creating healthier indoor environments.
Major participants in India building management systems market are Schneider Electric, Siemens, Johnson Controls, and Honeywell.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Building Management System Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Building Management System Market Revenues & Volume, 2023 & 2028F |
3.3 India Building Management System Market - Industry Life Cycle |
3.4 India Building Management System Market - Porter's Five Forces |
3.5 India Building Management System Market Revenues & Volume Share, By Software, 2023 & 2028F |
3.6 India Building Management System Market Revenues & Volume Share, By Service Type, 2023 & 2028F |
3.7 India Building Management System Market Revenues & Volume Share, By Application, 2023 & 2028F |
4 India Building Management System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Building Management System Market Trends |
6 India Building Management System Market, By Types |
6.1 India Building Management System Market, By Software |
6.1.1 Overview and Analysis |
6.1.2 India Building Management System Market Revenues & Volume, By Software, 2020 - 2028F |
6.1.3 India Building Management System Market Revenues & Volume, By Facility Management, 2020 - 2028F |
6.1.4 India Building Management System Market Revenues & Volume, By Security Management, 2020 - 2028F |
6.1.5 India Building Management System Market Revenues & Volume, By Energy Management, 2020 - 2028F |
6.1.6 India Building Management System Market Revenues & Volume, By Infrastructure Management, 2020 - 2028F |
6.1.7 India Building Management System Market Revenues & Volume, By Emergency Management, 2020 - 2028F |
6.2 India Building Management System Market, By Service Type |
6.2.1 Overview and Analysis |
6.2.2 India Building Management System Market Revenues & Volume, By Professional Services, 2020 - 2028F |
6.2.3 India Building Management System Market Revenues & Volume, By Managed Services, 2020 - 2028F |
6.3 India Building Management System Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Building Management System Market Revenues & Volume, By Residential, 2020 - 2028F |
6.3.3 India Building Management System Market Revenues & Volume, By Commercial, 2020 - 2028F |
6.3.4 India Building Management System Market Revenues & Volume, By Industrial, 2020 - 2028F |
7 India Building Management System Market Import-Export Trade Statistics |
7.1 India Building Management System Market Export to Major Countries |
7.2 India Building Management System Market Imports from Major Countries |
8 India Building Management System Market Key Performance Indicators |
9 India Building Management System Market - Opportunity Assessment |
9.1 India Building Management System Market Opportunity Assessment, By Software, 2023 & 2028F |
9.2 India Building Management System Market Opportunity Assessment, By Service Type, 2023 & 2028F |
9.3 India Building Management System Market Opportunity Assessment, By Application, 2023 & 2028F |
10 India Building Management System Market - Competitive Landscape |
10.1 India Building Management System Market Revenue Share, By Companies, 2023 |
10.2 India Building Management System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |