India Building Energy Management System Market (2024-2030) | Size, Share, Revenue, Forecast, Industry, Analysis, Outlook, Trends, Value, Growth, Segmentation & COVID-19 IMPACT

India Building Energy Management Systems Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Germany. It has registered a growth of 54.12% over the previous year. While Germany registered a growth of 61.38% as compared to the previous year. In the year 2017, China was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, India has a Herfindahl index of 2084 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  2387 which signifies moderately concentrated in the market.

India Building Energy Management Systems Market - Export Market Opportunities

Topics Covered in India Building Energy Management System Market Report

India Building Energy Management System Market report thoroughly covers the market by products, control technology and applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Building Energy Management System Market Synopsis

India Building Energy Management System Market is experiencing significant growth and projected to attain more growth in the coming years due to the rising need for energy efficiency and sustainability in the building sector. A Building Energy Management System is a sophisticated control system designed to monitor and manage the energy consumption of buildings, ensuring optimal energy performance. These systems are gaining popularity in India as they help in reducing operational costs, minimizing environmental impact, and complying with stringent government regulations pertaining to energy conservation.

According to 6Wresearch, India Building Energy Management System Market size is expected to grow at a CAGR of 12.5% during 2024-2030. Several factors are driving the growth of India Building Energy Management System Market such as the increasing demand for energy efficiency and sustainability in buildings is leading to widespread adoption of BEMS solutions. This is particularly vital in urban areas where energy consumption is high, and there is a pressing need to reduce operational costs. Apart from this, rising energy prices are compelling building owners and managers to invest in BEMS to optimize their energy usage and reduce expenses. Additionally, technological advancements in IoT and AI are enhancing the capabilities of BEMS, making them more effective and easier to manage. Furthermore, supportive government policies and regulations, such as the Energy Conservation Building Code (ECBC) and various subsidies for energy-efficient projects.

However, India Building Energy Management System Market faces few restraints such as the high initial cost associated with the installation and implementation of BEMS solutions. This significant financial investment can be a deterrent for building owners and managers, particularly in the residential sector where budget constraints are more pronounced. Apart from this, the lack of awareness and technical expertise among end-users regarding the benefits and operation of BEMS. This knowledge gap may lead to underutilization or inefficient use of the system, thereby diminishing its effectiveness. Furthermore, interoperability issues with existing building infrastructure and legacy systems can complicate the integration process, adding to the overall cost and complexity.

India Building Energy Management System Market: Leading Players

The key players include Honeywell International, Schneider Electric, Siemens, Johnson Controls International, ABB, Emerson Electric. These key players are recognized for their advanced technology, comprehensive solutions, and robust market presence.

India Building Energy Management System Market: Government Regulations

India Building Energy Management System Market is growing and government’s regulation and policies are helping in extension of the market. One of the key programs is the Energy Conservation Building Code (ECBC), which sets minimum energy performance standards for buildings, encouraging the incorporation of BEMS to meet compliance. Additionally, the Bureau of Energy Efficiency (BEE) under the Ministry of Power has been actively promoting energy conservation measures, including the deployment of BEMS, through awareness campaigns, training programs, and certification schemes. The government also offers financial incentives and subsidies for energy-efficient projects, making it more viable for building owners to invest in BEMS solutions.

Future Insights of the Market

The future of India Building Energy Management System Market looks promising due to integration of advanced technologies such as Artificial Intelligence (AI), machine learning, and Internet of Things (IoT) will further enhance the capabilities of BEMS, making them smarter and more efficient. AI-powered analytics and predictive maintenance features can facilitate better decision-making and proactive energy management, minimizing waste and optimizing performance. Additionally, the rising trend of smart buildings and smart cities is expected to create a surge in demand for sophisticated BEMS solutions that can seamlessly integrate with other smart infrastructure components.

Market Segmentation by Products

According to Ravi Bhandari, Research Head, 6Wresearch, Building Energy Management Services are expected to witness the highest growth in coming years due to the increasing need for holistic energy management solutions that encompass auditing, monitoring, and optimization.

Market Segmentation by Control Technology

Wireless control technology is poised to experience robust growth in the future attributed to their flexibility and ease of installation provided by wireless systems make them highly appealing for new constructions and retrofit projects alike.

Market Segmentation by Applications

Industrial buildings are set to experience the highest growth in the future attributed to industrial sector's substantial energy consumption and the need for optimized operational efficiency make it ripe for adopting these advanced systems.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Building Energy Management System Market Overview
• India Building Energy Management System Market Outlook
• India Building Energy Management System Market Forecast
• Historical Data of India Building Energy Management System Market Revenues for the Period 2020-2030
• India Building Energy Management System Market Size and Forecast of Revenues, Until 2030
• Historical Data of India Building Energy Management System Market Revenues, by Components and Services, for the Period 2020-2030
• Market Size & Forecast of India Building Energy Management System Market Revenues, by Components and Services, until 2030
• Historical Data of India Building Energy Management System Market Revenues, by Technology, for the Period 2020-2030
• Market Size & Forecast of India Building Energy Management System Market Revenues, by Technology, until 2030
• Historical Data of India Building Energy Management System Market Revenues, by End-User, for the Period 2020-2030
• Market Size & Forecast of India Building Energy Management System Market Revenues, by End-User, until 2030
• Historical Data of India Building Energy Management System Market Revenues, by Application, for the Period 2020-2030
• Market Size & Forecast of India Building Energy Management System Market Revenues, by Application, until 2030
• Market Drivers and Restraints
• India Building Energy Management System Market Trends
• Market Opportunity Assessment
• India Building Energy Management System Market Share, By Players
• India Building Energy Management System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The India Building Energy Management System market report provides a detailed analysis of the following market segments:

By Products 

• Security and Access Control System
• Fire Protection System
• Lighting Control System
• HVAC Control System
• Building Energy Management Services

By Control Technology

• Wired
• Wireless

By Applications

• Residential Buildings
• Commercial Buildings
• Industrial Buildings