HOME › Press Releases › MarketsandMarkets: The $621 million worth Indian "Intelligent Building Management Systems" market expected to reach $1,891 million by 2016 a CAGR of 24.93% from 2011 to 2016
MarketsandMarkets: The $621 million worth Indian "Intelligent Building Management Systems" market expected to reach $1,891 million by 2016 a CAGR of 24.93% from 2011 to 2016
According to a new market research report “Indian Intelligent Building Management Systems Market (Forecast to 2016)” published by MarketsandMarkets, the total market for Intelligent Building Management Systems is expected to reach $1,891 million by 2016 at a CAGR of 24.93% from 2011 to 2016.
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The most common examples of intelligent building techniques being used in India are corporate boardroom, presentation suites, and lecture halls, where the operation of the large number of devices that define the room function (such as videoconferencing equipment, video projectors, lighting control systems, and public address systems) would make manual operation of the room very complex. It is common for room automation systems to employ a touchscreen is the primary way of controlling each operation.
The Indian market scenario is such that home automation technologies are viewed as integral additions to the Smart grid. The ability to control lighting, appliances, HVAC as well as Smart Grid applications (load shedding, demand response, real-time power usage and price reporting) will become vital as Smart Grid initiatives are rolled out. Green Automation is the term coined to describe energy management strategies in home automation when data from smart grids is combined with home automation systems to use resources either at there cheapest prices or most available. For example; taking advantage of high solar panel output in the middle of the day to run washing machines automatically.
The report captures the market roadmap with market sizes, revenue forecasts, value chain, market & product trends, socio-economic trends and regulations, competitive landscape, leading players, their key developments, competitive strategies, and company profiles.
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