DUBLIN, Dec 21, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Building Energy Management Services Market in India 2016-2020" report to their offering.
The report forecasts the building energy management services market in India to grow at a CAGR of 28.59% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the building energy management services market in India for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of prominent vendors operating in the market.
One of latest trends in the market is rising energy costs. India is currently facing a crisis in terms of energy demand due to a shortage of coal availability and subsequent costs associated with the import of coal. These factors have resulted in both government and private players increasing electricity prices in the country. Various commercial and residential buildings that employ electrical equipment have reflected a higher cost associated with the overall operation of facilities. Energy consumption figures have drastically increased over the years with advancements in infrastructural amenities and product technology. As India looks to transform into an economic superpower, the need to manage energy costs in buildings has become vital. Efficient energy management services hold the key to ensuring that energy demands are met with limited supply.
According to the report, one of the primary drivers in the market is increase in number of real estate buildings. The real estate sector in India is slotted to witness a rapid growth owing to developmental activities in both the commercial and residential sectors. Commercial buildings, especially office buildings, will drive the growth in the real estate segment with an absorption of 35 million sq. ft. of office space in 2015. The office buildings sector is expected to record a CAGR of 8% during the forecast period. The housing sector will also contribute to the growth of real estate activity by growing at a CAGR of 11% during the forecast period. Among office buildings, the IT/ITES sector will hold the highest contribution of office spaces, followed by the banking sector.
- Schneider Electric
- Secure Meters
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by services
Part 07: Market segmentation by end-user
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Competition analysis
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/npxfvv/building_energy
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets