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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

India Intelligent Building Management Systems Market Outlook

The India intelligent building management systems market stood at a value of around USD 8572.23 million in 2023.The market is expected to grow at a CAGR of 24.10% in the forecast period of 2024-2032 to reach a value of about USD 59846.68 million by 2032.

Increasing Demand for Improved Security and Access Controls in Building Systems to Aid the India Intelligent Building Management Systems Industry

Based on product, the security and access controls segment accounts for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. The growth of the segment can be attributed to the growing adoption of access control devices such as access cards, access readers, access management dashboard and hardware including access control panels and access control servers, which help provide efficient security to a structure.

India Intelligent Building Management Systems Market

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Security and access controls militate the risk related to data and product theft. Over the forecast period, the growing demand for security and access controls in offices and business compounds is likely to be a major factor driving the market.

Rapid Technological Advancements and the Growing Digitalisation across India to Bolster the Intelligent Building Management Systems Industry Growth

The intelligent building management systems industry in India is driven by the development of smart buildings with active and intelligent transmission, distribution, and monitor control to save electricity, time, and money. The market in the region is anticipated to be aided by the rising number of housing and commercial projects in the region. The increasing urbanisation, coupled with the technological advancements in the country’s infrastructure is expected to further aid the market.

Intelligent Building Management System: Market Segmentation

The intelligent building management system is defined as a framework which controls various operations in a building through software. These operations include ventilation, temperature control, lighting, and security and surveillance, among others. The system comprises three main technologies, namely, internet protocol (IP), radio frequency identification (RFID), and wireless local area network (WLAN).

India Intelligent Building Management Systems Market

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Based on product, the market is segmented into:

  • General Lighting Controls
  • Communication Protocols, Standards, and Data Distribution
  • Security and Access Controls
  • HVAC Controls
  • Entertainment Controls
  • Outdoor Controls

The significant applications of intelligent building management systems include:

  • Life Science
    • Commercial Healthcare Buildings
    • Institutional Healthcare Buildings
  • Office Space 
    • Government Buildings
    • Commercial Office Buildings
  • Hospitality, Residential, and Retail
    • Residential Buildings
    • Retail Buildings 
    • Lodging
    • Amusement Space
    • Public Recreation
    • Others 
  • Educational and Religious Centres     
    • Educational Buildings
    • Religious Buildings
  • Manufacturing Buildings
    • Industrial Manufacturing Buildings
    • Automotive Buildings
  • Energy and Infrastructure
    • Highways, Streets, and Bridges    
    • Transportation
    • Communication
    • Non-Manufacturing Warehouses

The regional markets for the product include South India, West India, East India, and North India.

Rising Deployment of Intelligent Building Management Systems in Commercial Office Buildings to Boost the Market Growth in India

The rising application of intelligent building management systems in commercial office buildings owing to the fact that these systems help enhance building management and operations is aiding the market growth. Apart from this, intelligent buildings are designed in such a manner that they help reduce the cost of energy consumption and bolster the comfort of the occupants by enhancing air quality, thermal comfort, and security. This, in turn, is expected to enhance the demand for management systems to operate building systems effectively. Additionally, the growing digitalisation and the increasing smart city projects in the region are expected be crucial driving factors for the market.

India Intelligent Building Management Systems Market

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Key Industry Players in the India Intelligent Building Management Systems Market

The report gives a detailed analysis of the following key players in the India intelligent building management systems market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ABB Ltd.
  • Cisco Systems Inc.
  • Honeywell International Inc.
  • Johnson Controls 
  • Lutron Electronics Co., Inc  
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • General Lighting Controls
  • Communication Protocols, Standards, and Data Distribution      
  • Security and Access Controls    
  • HVAC Controls 
  • Entertainment Controls 
  • Outdoor Controls
Breakup by Application
  • Life Science
  • Office Space
  • Hospitality, Residential, and Retail       
  • Educational and Religious Centres
  • Manufacturing Buildings  
  • Energy and Infrastructure
Breakup by Region
  • South India
  • West India
  • East India
  • North India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ABB Ltd.
  • Cisco Systems Inc.
  • Honeywell International Inc.
  • Johnson Controls
  • Lutron Electronics Co., Inc
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the India intelligent building management systems market attained a value of nearly USD 8572.23 million.

The market is estimated to grow at a CAGR of 24.10% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 59846.68 million by 2032.

The major regions in the industry are South India, West India, East India, and North India.

The major drivers of the industry, such as the growing focus on energy conservation in building systems, growing adoption of the security and access control technology, and rapid technological advancements, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing investments towards the modification of building designs and architecture, coupled with the growing adoption of green technologies in the country.

General lighting controls, communication protocols, standards, and data distribution, security and access controls, HVAC controls, entertainment controls, and outdoor controls are the major products in the market.

Life science, office space, hospitality, residential, and retail, educational and religious centres, manufacturing buildings, and energy and infrastructure are the different applications of the product.

The major players in the industry are ABB Ltd., Cisco Systems Inc., Honeywell International Inc., Johnson Controls, and Lutron Electronics Co., Inc, among others.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124