India Building Energy Management System Market (2020-2026) | 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 the India Building Energy Management System Market

India Building Energy Management System Market report thoroughly covers the market by components & services, by technology, by end users, and by applications. The market outlook 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.

Latest (2023) Development of the India Building Energy Management System Market

India Building Energy Management System Market is projected to gain momentum in the coming years owing to the awareness of saving energy and maintaining sustainability. Furthermore, the increasing demand for IoT and data analytics technologies that facilitate real-time monitoring, leading to optimized energy usage efficiently is an ongoing trend leading to boosting the market growth at a considerable rate in the upcoming years. Additionally, the rising government focus on the reduction of carbon footprints by promoting energy efficiency is another ongoing trend & great opportunity in the country to accelerate the energy management systems, this further will result in a massive growth of the India Building Energy Management System industry. 

India Building Energy Management System Market Synopsis

India Building Energy Management System Market has registered growth on account of rapid urbanization and growing construction projects such as smart cities, hospitals and etc. The growing government initiatives, rising power demand, and growing foreign direct investment would further propel the growth of the building energy management system market in India. Moreover, reduction in energy consumption, improved comfort for building users, and growing awareness of energy-efficient products are the key aspects increasing the demand for the building energy management system market in India.

According to 6wresearch, India Building Energy Management System Market size is estimated to register sound growth during 2020-2026. The market has been growing significantly in the country owing to rising concerns due to high electricity costs. This has led to a surge in the need to reduce energy use, hence the demand for BEMS has accelerated to optimize energy performance. Additionally, green buildings have been gaining popularity in the country which results in the reduction of GHG level, the BEMS help achieve this initiative by reducing energy consumption leading to less carbon emission, and this is one of the leading factors driving the market growth at a massive rate. On the other side, lack of awareness among the customer about the building energy management systems' benefits and high initial costs which limits building owners' spending, these are some challenges that can hamper the market to grow potentially. Nevertheless, an integration of advanced technologies such as cloud-based software and AI that offers real-time data analysis and remote monitoring & controlling features which will result in a surge in the Building Energy Management System Market in India. 

COVID-19 Impact on the India Building Energy Management System Market

The COVID-19 pandemic had a profound impact on the India Building Energy Management System Market growth. The safety precautions imposed by the government led to a reduction in energy usage, which resulted in a decline in the demand for energy management systems. Also, financial constraints being faced by the businesses led to reducing spending on energy management systems. This had shown a major decline in the India Building Energy Management System Market share at the time of COVID-19.

Key Players in the India Building Energy Management System Market

Some key companies are widening their product portfolio by investing in the innovation of products and catering to the massive & diverse needs of customers. They offer an advanced range of automation solutions including, building management systems and energy efficiency solutions. Some of the major players are listed below:

• Schneider Electric
• Honeywell International Inc.
• Johnson Controls International PLC
• Siemens AG, ABB Ltd.
• Delta Electronics Inc.
• Rockwell Automation
• Mitsubishi Electric Corporation
• Azbil Corporation
• Trane Technologies plc 
• GridPoint Inc.

Market Analysis by Product

Based on the product, the Building Energy Management Services segment is experiencing a major growth prospect in the market, driven by the rising importance to save energy, maintaining sustainability, and ensuring efficient operations.

Market Analysis by Control Technology

According to Nitesh Kumar, Research Manager, 6wresearch, the wireless control technology segment is witnessing prominent market growth in the country, with the rising use of Internet of Things (IoT) technology and smart building solutions. Also, this technology facilities greater flexibility and scalability used during retrofitting activities. On the other side, wired technology still has its relevance in the market due to its continuous adoption.

Market Analysis by Applications

Based on applications, all applications including, pace Heating, Computers & Office Equipment, Lighting, Air Conditioners drive the demand for BEMS to control energy consumption

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• 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 2016-2019
• India Building Energy Management System Market Size and Forecast of Revenues, Until 2026
• Historical Data of India Building Energy Management System Market Revenues, by Components and Services, for the Period 2016-2019
• Market Size & Forecast of India Building Energy Management System Market Revenues, by Components and Services, until 2026
• Historical Data of India Building Energy Management System Market Revenues, by Technology, for the Period 2016-2019
• Market Size & Forecast of India Building Energy Management System Market Revenues, by Technology, until 2026
• Historical Data of India Building Energy Management System Market Revenues, by End-User, for the Period 2016-2019
• Market Size & Forecast of India Building Energy Management System Market Revenues, by End-User, until 2026
• Historical Data of India Building Energy Management System Market Revenues, by Application, for the Period 2016-2019
• Market Size & Forecast of India Building Energy Management System Market Revenues, by Application, until 2026
• 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

India Building Energy Management System Market: FAQs