Intelligent building management systems (IBMS) are fast gathering steam among facility managers, architects, and occupants commercial, industrial, and institutional buildings Automation in building management systems has paved way to integration of a wide variety of building technologies and their multi-faceted functions. The automation rides on the back of ceaseless improvement in IT infrastructures and rapid inroads made by connected technologies for smart buildings. Several considerations drive the demand for such automation across the world, and especially in India. The need for systems that can integrate the various aspects of building functions, such as its maintenance and administration, security, ensuring satisfaction to building owners reinforces the attractiveness of intelligent building maintenance systems.
Perhaps, the most compelling proposition for the adoption of intelligent building management systems in India are reducing carbon footprints of buildings, thereby reducing the occupancy cost and enhancing productivity. A study by Transparency Market Research finds that the India intelligent building management systems has enormous prospects. To put things in perspective, the regional market is projected to reach worth of US$4.3 billion by the end of 2021.
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Which trends will be the key to new demand trajectories for IBMS in India?
Attractive strides made in the India intelligent building management systems market has largely been underpinned by the spread of IT and connected technologies, most notably internet of things (IoT). Rapid inroads made by connected technologies in the management of various functions of buildings in India has been bolstering the adoption in the residential and commercial sectors. In particular, there is a rapidly rising demand for smart access control systems and integrated security systems in mission-critical buildings such as hospitals. Moreover, intelligent building management systems is gathering steam in the government sector in India, since the various state governments are promoting energy-efficient smart buildings. Moreover, intelligent building management systems are gaining traction across the hospitality industries and for commercial spaces. They are mainly used for managing access control, security control, HVAC control systems, and general lighting.
Rapid pace of urbanization, coupled with rising disposal incomes of the middle-class populations, is creating large avenue for vendors of intelligent building management systems. Stringent implementation of regulations pertaining to energy norms in buildings in various parts of India is also fueling an attractive demand dynamic in the regional intelligent building management systems market.
How can smarter automation in building management systems drive innovation in the market?
Constant flux of assortment of new products in the India intelligent building management systems market seems to set the pace for innovation in ways more than one. Exciting product launches in recent years with new functionalities have kept the space thriving. Such a trend of smarter automation is increasingly fueled by growing industry initiatives to expand their portfolio with an aim of redefining modern building management.
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Johnson Controls, a U.S.-based HVAC company, in December 2018 announced a new release of a unified building management system, Metasys 10.0. The new intelligent building management systems enables facility personnel to adopt smarter building automation and achieve faster response to critical security and other types of alarms. Offering Ethernet ring topology support in its latest release is nothing short of innovation in the India market. Such systems will find applications in mission critical facilities such as healthcare institutions.