According to the latest market research study released by Technavio, the BEM services market in India is expected to grow at a CAGR of almost 29% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the BEM services market in India based on services:
BEM services market in India shares by services 2015
|
Maintenance and support |
53.20% |
|
System integration |
40.13% |
|
Consulting |
6.67% |
Source: Technavio
BEM services by maintenance and support in India
The maintenance and support segment accounted for around 53% of the BEM services market in India in 2015. Maintenance and support services include planned maintenance and live support services related to BEM systems installed in a facility. These services also consist of a regular predictive and corrective maintenance of electro-mechanical equipment such as ventilation, chillers, heating, and air conditioning (HVAC), and air handling units that require improved energy consumption. Support services include remote assistance by specialists who can diagnose faults in the system and recommend corrective actions.
“Constant innovations in energy management will lead to the advent of new tools, products, and technologies. Such novelties will encourage building owners to improve their facilities’ overall energy consumption. It is also projected that the rising awareness about BEM services will attract more users to enter service agreements with energy consulting partners during the forecast period. These consulting services are responsible for adding value to the building energy performance,” says Bharath Kanniappan, a senior industry analyst at Technavio for research on automation.
BEM services by system integration in India
The energy management system of any building requires to be integrated with the energy consumption data from various electrical equipment installed within the facility. System integration services consist of design and engineering of customized and efficient energy management systems for end-users and the installation and commissioning of the BEM services. Services offered by system integrators for buildings have a substantial influence on the life cycle cost of building facilities. Impact areas include operations and energy consumption that allow owners to understand their building performance better. Moreover, by assimilating the electrical equipment with control systems, users can get real-time data related to maintenance or criticality of the process equipment. This assimilation will bring improvements in building facilities, leading to the increased awareness among building owners about adopting a system-integrated approach.
BEM services market by consulting services in India
During the forecast period, the consulting services segment is anticipated to grow at a CAGR of around 31%, indicating the rise in awareness regarding BEM services in India. The growth of the segment is due to the realization of end-users about the need to optimize energy consumption in all types of residential, healthcare, commercial, and educational buildings. The Government of India has taken numerous initiatives to encourage sustainable practices in the country, such as GRIHA certification and LEED-India, which promote energy optimization in building facility operations. With the growing emphasis on the need to enhance the energy use, end-users are likely to collaborate with BEM vendors to minimize energy loss from buildings.
The top leading vendors operating in the BEM services market in India are:
- Honeywell
- Schneider Electric
- Bosch
- Secure Meters
- Siemens
Other prominent vendors in the market include Delta India Electronics, TCS, Allied Digital, and CMS Computers.
A more detailed analysis is available in the Technavio report titled, ‘BEM Services Market in India 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Building Energy Management Services Market in Middle East 2016-2020
- Global Energy Management Systems Market 2016-2020
- Global Building Energy Management System (BEMS) Market 2015-2019
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