The objective of the Intelligent Buildings Management Systems (IBMS) is to centralize the monitoring, control operations, efficient management of facilities within the building. These systems helps to achieve more efficient building operations at reduced energy and labor costs while providing a safe and quality working environment to the occupants.
The market is expected to grow during the forecast period due to the increasing demand from hospitality industry and growing green building infrastructure. Furthermore, the need for occupant comfort, reduction of operating cost, and need for energy efficiency is raising the demand of IBMS in various application sectors in India.
The region segmentation for the IBMS market has been done by South India, West India, North India, East India and these have been estimated in terms of revenue (USD Million). In addition, the report segments the market based on the product, which include general lighting controls, communication systems, security controls, HVAC controls, access controls, outdoor controls entertainment controls and others. The India IBMS market is segmented by application into: hospitality, residential and retail, life science, office space, manufacturing, and energy and infrastructure.
In order to understand the intelligent building management systems market better, a key trend analysis section has also been provided which discusses the growth in various segments. In addition, the key players profiled in the report have further been analyzed in terms of the global market share held by them.
Source: PR Newswire