India Building Automation Market to Grow at CAGR of 11.08% until FY2027

The Indian Building Automation and Control Systems Market stood at USD 1883.89 million in FY2021 and is forecast to grow at a CAGR of over 11.08% until FY2027, owing to the increasing infrastructure development and construction of new residential and commercial buildi

BY Realty Plus
Published - Wednesday, 08 Sep, 2021

India Building Automation Market to Grow at CAGR of 11.08% until FY2027

The Indian Building Automation and Control Systems Market stood at USD 1883.89 million in FY2021 and is forecast to grow at a CAGR of over 11.08% until FY2027, owing to the increasing infrastructure development and construction of new residential and commercial buildings. In addition, the growth can be attributed to the rising demand from the construction industry as the newly constructed buildings tend to be electronically secured and equipped with all the smart appliances. Building automation and control systems market in India can be segmented based on the Industry Segment, Communication Technology, Application, End-User and Region. Based on Industry Segment, the market can be segmented into Electronic Security and Safety, HVAC Control Systems, Lighting Control Systems, and Building Energy Management System. The lighting control segment leads the market as this system maximizes energy savings, provides safety & security, and complies with green building and energy conservation programs. Based on region, the Indian Building Automation and Control Systems Market can be segmented into North, South, East and West. The south region is estimated to dominate the market owing to surging investment in the real estate sector and increasing urbanization in the region. Moreover, increasing awareness of green buildings is expected to drive the market in the region. Some of the players in the Indian Building Automation and Control Systems Market include Honeywell Automation India Limited, Siemens Limited, Schneider Electric India Pvt. Ltd., Johnson Controls India, ABB India Ltd., Beckhoff Automation Pvt. Ltd., Carel ACR Systems India Pvt. Ltd., Carrier Airconditioning & Refrigeration Ltd., Crestron Electronics India Pvt. Ltd., L&T Electrical and Automation Ltd. and others. Companies operating in the market are focusing on expansion and mergers & collaborations to increase their share in the market.