India Building Automation & Control Systems Market to Grow at 18% Till 2021: TechSci Research
NEW YORK, January 16, 2017 /PRNewswire/ --
Need for energy efficient buildings, growing infrastructure-based developments and increasing security concerns to drive India building automation & control systems market through 2021
According to a recently released TechSci Research report, "India Building Automation & Control Systems (BACS) Market, By Segment, By Sales Channel, Competition Forecast & Opportunities, 2011 - 2021", the BACS market in India is anticipated to grow at a CAGR of over 18% during 2016 - 2021. Growth in the market is anticipated on account of increasing infrastructure-based developments, favorable government regulations & building codes, growing awareness about energy conservation and cost minimization.
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Browse 29 market data Tables and 30 Figures spread through 130 Pages and an in-depth TOC on "India Building Automation & Control Systems (BACS) Market"
The Paris Agreement 2015 (agreement within the United Nations Framework Convention on Climate Change (UNFCCC) dealing with greenhouse gases emissions mitigation, adaptation and finance starting in 2020) has been signed by 193 UNFCCC members, including China, United States and India, which are the three largest CO2 emitting countries. Globally, countries are putting in efforts to limit the temperature increase to 1.5°C above pre-industrial levels, thus making building automation & control systems the crucial step to curb greenhouse gas emissions.
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"With the change of government in 2014, the infrastructure-based developments in the country are taking place at a robust pace, and the Indian government is introducing projects related to energy efficiency. Governments ambitious Make in India program, in addition to 6 industrial corridors and opening up of FDI via automatic route in key sectors like defense, automotive, pharmaceutical, etc. will ensure enough developments during forecast period. The new terminal at the Chandigarh International Airport in Mohali is the first airport in the country that is 'totally green', with a 4 star GRIHA rating. All these developments in the country are expected to drive the country's building automation & control systems market over the next five years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Building Automation & Control Systems (BACS) Market, By Segment, By Sales Channel, Competition Forecast & Opportunities, 2011 - 2021" has evaluated the future growth potential of building automation & control systems market in India, and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India building automation & control systems market.
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