India recently managed to rank 20th in the climate change performance index (CCPI) – an achievement for a country that is among the top ten largest CO2 emitters in the world. The improved ranking in CCPI is also a reflection of better policymaking and greater promotion of green technology in the country. Adoption of building energy management system (BEMS) in India is one significant step towards energy efficiency.
BEMS in India
BEMS is a computer based control system that monitors and controls the energy needs of a building. This technology can be used in both commercial and residential buildings as it enables better management of lighting and security measures along with heating, ventilation and air conditioning (HVAC). BEMS therefore makes buildings more environment-friendly by optimizing energy consumption and reducing carbon emissions. Due to their immense usability in promoting green technology, the BEMS services market in India is growing quite significantly.
Market research analysts at Technavio predict that the market for BEMS services in India will post an impressive CAGR of almost 29% by 2020. Geographically speaking, Mumbai, Delhi-NCR, and Bangalore hold more than 50% of market share of the BEMS services market. These three regions also account for more than half of the total office space supply in India. Being hubs for commercial, IT and related services, Mumbai, Delhi and Bangalore are witnessing a boom in residential housing projects as well. Hyderabad, Chennai, and Kolkata are other cities to see a rise in commercial as well as residential space.
In such a scenario, it becomes important that the right measures are taken to optimize the energy consumption in the country. Recent government regulations such The Energy Conservation Act, LEED certifications, and GRIHA ratings have been designed with the aim of bringing down CO2 emissions.
Technological advancements in BEMS
Several vendors are undertaking R&D initiatives to develop innovative products that will generate greater revenues for the BEMS services market. Better system integration and maintenance support have increased the demand for BEMS in the market. Some of the latest technological advancements in BEMS are as follows:
Building envelope
Building envelopes are various types of roofs that minimize the loss of energy through the outer surface of buildings. Along with wall insulation, exterior insulation, and finish systems, this technological innovation helps in retaining moisture and improving the thermal performance of a building. Available in different shapes, designs, and materials, building envelopes can be used to reduce energy consumption by up to 50%.
Alternative sources of energy for refrigeration and HVAC
Around 45% of the primary energy deployed in building facility operations are consumed in refrigeration and air conditioning activities. Alternative sources of energy like solar power panels on rooftops of buildings help to save energy. Also as the energy harnessed by these panels are non-depleting and emission-free, they can be effective for various thermal and electrical applications.
Building Controls
Building controls interact with both internal and external environments to regulate the energy use within buildings. BEMS is surely one of the best solutions for better energy management and bringing down the emissions of GHGs at the global level.
Looking for an in-depth analysis of the BEMS services market in India?
Order the 2016-2020 Report on the Building Energy Management Services Market in India
You might also be interested in:
The 2016-2020 Report on the Global Energy Management Systems Market
The 2016-2020 Report on the Building Energy Management Services Market in the Middle East
