Last edited 09 May 2016

Indian intelligent building management systems

In 2014, the Indian 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, registering a progressive 28.10% CAGR .

The developing Indian economy, growth in infrastructure, green building, and hospitality, and the developing automation market are some of the major factors driving the Indian 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 can be categorised 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 Indian IBMS market, holding a share of more than 30%.

Based on application, the India IBMS market can be 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 security systems, access control systems, entertainment control systems, and general lighting control in hotels, residential buildings, and retail stores. The centres of education and learning segment is expected to grow rapidly through the forecast period.

Based on geography, the Indian IBMS market can be 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, 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 industrialisation, a well-established hospitality and hotel industry, and increasing disposable income. The East India IBMS market is also expected to grow at a fast pace due to the rising number of manufacturers and the developing construction industry in this region.