INDIA BUILDING AUTOMATION & CONTROL SYSTEMSMARKET 2027

Published: December 2020 PuPubblliishsheded:: MJuayne 20212021 PuPubblliishsheded:: AMparrichl 2021 2021 Published: June 2021 2015 – 2025 FY2017 – FY2027 FY2017 – FY2027F INDIA BUILDING AUTOMATION & CONTROL SYSTEMSMARKET- FORECAST & OPPORTUNITIES wwwwww..ttechechscisciresearch.research.cocomm www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com MMAARRKKEET T IINNTETELLLLIIGGEENNCCEE .. CCOONNSSUULTLTIINNGG MARKET INTELLIGENCE . CONSULTING 1 MMAARRKKEET T IINNTETELLLLIIGGEENNCCEE .. CCOONNSSUULTLTIINNGG MARKET INTELLIGENCE . CONSULTING

Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 5. India Building Automation and Control Systems Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast 5.2.1. By Industry Segment (HVAC Control Systems, Lighting Control Systems, Electronic Security & Safety and Building Energy Management System) By Communication Technology (Wired (Digital Addressable Lighting Interface (DALI), 5.2.2. KONNEX (KNX), Building Automation and Control Network (BACNET), LonWorks & Modbus and Wireless(Zigbee, EnOcean, Wifi, Bluetooth & Others)) 5.2.3. By Application (Commercial, Industrial, Residential) 5.2.4. By End User (Hospitality, IT/ITES, Retail, BFSI, Transportation, Residential Complexes, Education, Manufacturing, Utilities, Others) 5.2.5. By Region 5.2.6. By Company (FY2021) 5.3. Product Market Map 6. India Electronic Security & Safety Building Automation & Control Systems Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Equipment Type (CCTV, Fire Safety & Protection, Access Control, Intercom & Others) 6.2.2. By Application © TechSci Research 22

Table of Contents S. No. Contents 6.2.3. By End User 6.3. List of Major Distributors/Dealers of Electronic Security Systems 7. India HVAC Building Automation & Control Systems Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Equipment Type (Sensors, Thermostats, Control Valves & Others) 7.2.2. By Application 7.2.3. By End User 7.3. List of Major Distributors/Dealers of HVAC Systems 8. India Lighting Building Automation & Control Systems Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Equipment Type (Sensors & Dimming Systems, Actuators, Relays & Others) 8.2.2. By Application 8.2.3. By End User 8.3. List of Major Distributors/Dealers of Lighting Control Systems 9. India Building Energy Management Systems Automation & Control Systems Market Outlook 9.1. Market Size & Forecast 9.1.1 By Value 9.2. Market Share & Forecast 9.2.1. By Equipment Type (Smart Meters & Others) 9.2.2. By Application 9.2.3. By End User 9.3. List of Major Distributors/Dealers of Building Energy Management Systems © TechSci Research 33

Table of Contents S. No. Contents 10. Market Dynamics 10.2. Drivers 10.3. Challenges 11. Market Trends & Developments 12. Policy & Regulatory Framework 13. India Economic Profile 14. Impact of COVID-19 on India Building Automation & Control Systems Market 15. Competitive Landscape 15.1. Competitive Benchmarking 15.3. Company Profile 15.3.1. Honeywell Automation India Limited 15.3.2. Siemens Limited 15.3.3. Schneider Electric India Pvt. Ltd. 15.3.4. Johnson Controls India 15.3.5. ABB India Ltd. 15.3.6. Beckhoff Automation Pvt. Ltd. 15.3.7. Carel ACR Systems India Pvt. Ltd. 15.3.8. Carrier Airconditioning & Refrigeration Ltd. 15.3.9. Crestron Electronics India Pvt. Ltd. 15.3.10. L&T Electrical and Automation Ltd. 16. Strategic Recommendations 17. About Us & Disclaimer © TechSci Research 44

Product Overview

Product Overview Scope of Report: Building Automation & Control Systems Building Automation and Control System (BACS) refers to centralized systems that monitor, control, and record the functions of building services systems. Building facilities that are monitored and controlled by a reliable BACS tend to maintain the building environment more efficiently and hence reduce the building's environmental impact and energy costs. The objectives of building automation & control systems are improved occupant comfort, efficient operation of building systems, reduction in energy consumption, reduced operating and maintenance costs, increased security, remote access/control/operation, and improved life cycle of equipment and related utilities. Market Segmentation BY END USER BY INDUSTRY SEGMENT INDIA BUILDING AUTOMATION • HVAC Control Systems • Hospitality & CONTROL SYSTEMSMARKET • Lighting Control Systems • IT/ITES Year Range • Electronic Security & Safety • Retail • Building Energy Management • BFSI Review Period Systems • Transportation FY2017 – FY2020 • Residential Complexes BY COMMUNICATION • Education Base Year TECHNOLOGY • Manufacturing FY2021 • Wired • Utilities • Wireless • Others Estimated Year BY APPLICATION BY REGION FY2022 • Commercial • North Forecast Period • Industrial • South • Residential • East FY2023 – FY2027 • West © TechSci Research 66

Product Overview Scope of Report: Building Automation & Control Systems Building Automation & Control Systems Market Classification, By Industry Segment HVAC Control Lighting Control Electronic Building Energy Systems Systems Security & Safety Management Systems • HVAC Control Systems: HVAC is used to monitor and control temperature inside a closed environment such as commercial buildings, residential buildings, etc. Components included in HVAC systems are thermostats, zone and climate controls, sensors and keypads. • Lighting Control Systems: These are centrally controlled and automated systems used to monitor and control lighting inside or outside a building. Lighting control systems consist of relay systems & controllable breakers, sensors & diming systems and manual switches. • Electronic Security & Safety: Electronic Security & Safety Systems are deployed to check any malware in the system and protect from disasters or forced entry of any living being inside the area under observation. These systems consists of fire safety equipment, CCTV, access control, intrusion detection & intercoms. • Building Energy Management Systems: Building Energy Management Systems are used to measure, monitor, optimize, and control energy consumption. These systems facilitate generation of visual graphs and patterns of energy consumption. © TechSci Research 77

Product Overview Scope of Report: Building Automation & Control Systems Building Automation & Control Systems Market Classification, By Communication Technology Wired Wireless Wired • Digital Addressable Lighting Interface (DALI): DALI is a two-way communication system and it defines the commands that LED drivers and ballasts need to recognize. The system allows individual LED drivers and ballasts to communicate with the user, and allows the user to communicate back via DALI controllers, computers equipped with appropriate software or building management systems. • Konnex (KNX): KNX Konnex is one of the most advanced reference protocol in the building automation sector. The Konnex KNX Protocol has been recognized as a European Standard (EN50090) and International Standard (ISO / IEC 14543) for home automation systems. • LonWorks: LonWorks is a prominent networking solution for Building Automation & Control System. It is a communication network protocol useful for developing automation applications designed on a low bandwidth, for networking devices through power lines, fibre optics, and other media. • Building Automation And Control Network (BACNET): BACNET is the communications protocol which defines communication services used between building control systems and building automation end-devices. The protocol displays how the data is represented and moved between BACnet nodes on the network and the services used to move it. © TechSci Research 88

Product Overview Scope of Report: Building Automation & Control Systems Wired • Modbus: Modbus Protocol is a messaging structure which is used to establish client-server communication between intelligent devices. It is typically used to transmit signals from instrumentation and control devices back to a main controller or data gathering system. Wireless Wireless: • Zigbee: Zigbee is a wireless technology which is developed as an open global standard to address the unique needs of low- cost, low-power wireless IoT networks. This protocol allows devices to communicate in a variety of network topologies and can have battery life lasting several years. • Enocean: Enocean modules combine micro-energy converters with the ultra-low power electronics and results in reliable wireless communications. The specific characteristics of the Enocean protocol is to allow highly energy-efficient communication. • Wifi: Wifi is a wireless networking technology that allows devices such as computers (laptops and desktops), mobile devices (smart phones and wearables), and other equipment (printers and video cameras) to interface with the Internet. • Bluetooth: Bluetooth is a standardized protocol that is used for sending and receiving data via a 2.4GHz wireless link. It is a secure protocol, and it is perfect for short-range, low-power, low-cost, wireless transmissions between electronic devices. • Others: Others are inclusive of Thread, Infrared, Z-Wave etc. © TechSci Research 99

Research Methodology

Research Methodology Market Formulating Developing List of Data Data Data Profiling Questionnaire Respondents Collection Validation Analysis In-depth secondary In order to conduct List of industry TechSci conducted Data obtained as a The data was scrutinized research was conducted to players and industry interviews with result of primary using MS-Excel, statistical determine top players, industry experts’ industry experts and tools and internal overall market size and interviews, TechSci specialists was and secondary proprietary database to segmental market size in formulated a detailed developed. industry players for research was obtain qualitative and India Building Automation discussion guide. data collection and validated through quantitative insights about & Control Systems Market. verification. rigorous India Building Automation triangulation. & Control Systems Market. Primary Research Desk Research Company Analysis ✓ Identifying Key Opinion ✓ Recent Developments ✓ Market Participants Data Data Filter Research & Actionable Business Leaders ✓ Market Changing ✓ Key Strengths Collection & Analysis Intelligence Insights Solution ✓ Questionnaire Design Aspects/Dynamics ✓ In-depth Interviews ✓ Government Policies ✓ Conclusion Primary Research Secondary Research Paid Sources ✓ LinkedIn ✓ Company Websites ✓ Factiva ✓ TechSci Internal ✓ Company Annual ✓ Hoovers Database Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body © TechSci Research 1111

Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the India Building Automation & Control Systems Market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the India Building Automation & Control Systems Market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year FY2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the India Building Automation & Control Systems Market to obtain the overall market size during FY2017-FY2021, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for FY2017-FY2021. © TechSci Research 1212

Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by industry segment, by end user, by communication technology, by application, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component. Methodology Followed for Calculation of Market Shares: Market shares by industry segment, by end user, by communication technology, by application, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading players in the India Building Automation & Control Systems Market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the India Building Automation & Control Systems Market. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. © TechSci Research 1313

Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the India Building Automation & Control Systems Market, TechSci Research used various forecast techniques such as: o Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Honeywell Automation India Ltd., Siemens Limited, Schneider Electric India Pvt. Ltd., Partial List of Companies Johnson Controls India, ABB India Ltd., Beckhoff Automation Pvt. Ltd., Carel ACR Systems Interviewed India Pvt. Ltd., Carrier Airconditioning & Refrigeration Ltd., Crestron Electronics India Pvt. Ltd., L&T Electricals and Automation Ltd. among others Partial List of Secondary Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Sources Websites, TechSci Research Proprietary Database & Knowledge Repository, etc. st st *Note: (a) The data given for any year represents the market during the period i.e. 1 April of the previous year to 31 st st March of that year. eg: For 2022E, the data represents the period, 1 April 2021 to 31 March 2022. (b) Sum of some shares may not be 100% due to round off till two decimal places. © TechSci Research 1414

Industry Brief According to TechSci report on, “India Building Automation and Control Systems Market By Industry Segment (Electronic Security and Safety, HVAC Control Systems, Lighting Control Systems, Building Energy Management System), By Communication Technology (Wired and Wireless), By Application(Commercial, Industrial, Residential), By End User( IT/ITES, Hospitality, Retail, Transportation, BFSI, Manufacturing, Residential Complexes, Education, Utilities, Others), By Region, Competition, Forecast & Opportunities, 2027”, India Building Automation and Control Systems Market was valued at USD1883.89 Million in FY2021 and is projected to grow at CAGR of around 11.08% during FY2022 – FY2027 primarily due to the growth in the infrastructure development activities. The growth of the India Building Automation and Control Systems Market is mainly due to the growing construction sector and urbanization in India. Moreover, Rising Demand for Electronic Security is further bolstering the growth of India Building Automation and Control SystemsMarket. In terms of Industry segment, the India Building Automation and Control Systems Market is categorized into Electronic Security and Safety, HVAC Control Systems, Lighting Control Systems, and Building Energy Management System. Among these, the Lighting Control Systems category accounted for majority in the India Building Automation and Control Systems Market in 2021 and it is anticipated to remain as the largest category throughout the forecast period as well. The growth of the category is majorly attributed to the fact that this system maximize energy savings, satisfies building codes, provides safety & security, or comply with green building and energy conservation programs. Also, this system provides the desired amount of light where and when it is needed. Based on the Communication Technology of India Building Automation and Control Systems Market the market can be segmented into Wired and Wireless and will be dominated by the wired sector because of its low cost and comparatively lesser maintenance charges. Based on Wired Communication Technology can be segmented into Digital Addressable Lighting Interface (DALI), KONNEX (KNX), Building Automation and Control Network (BACNET), LonWorks, and Modbus. The market will see anticipated growth in Building Automation and Control Network (BACNET) as this type of wired communication technology is specifically designed to allow communication of building automation and control systems for applications such as heating, ventilating, and air-conditioning control (HVAC), lighting control, access control, and fire detection systems and their associated equipment. Based on Wireless Communication Technology, the market can be segmented into Zigbee, EnOcean, Wi-Fi, Bluetooth, and others. The market will see predicted growth in EnOcean segment as this type of Wireless Communication technology is specifically designed to allow communication of building automation and control systems for applications such as heating, ventilating, and air-conditioning control (HVAC), lighting control, access control, and fire detection systems and their associated equipment. Based on Application the India Building and Automation Control System Market can be segmented into Commercial, Industrial and Residential Sectors. The residential segment is expected to lead the market as Building Automation allows shifting from conventional homes to smart homes which includes cohesive security, improved lighting control systems and better energy management which results in abridged costs related to HVAC and lighting and conserves energy. Moreover, favourable government policies and initiatives such as Housing for All, Smart City Mission, and National Urban Housing Fund is another factor which is further propelling the demand for Building Automation & Control Systems in the residential segment. Based on Region, the India Building and Automation Control System Market can be segmented into North, South, East and West. The south region in estimated to dominate the market owing to the to the surging investment in the real estate sector and increasing urbanisation in the region. Moreover, increasing awareness of green buildings is expected to drive the market in the region. Honeywell Automation India Limited, Siemens Limited, Schneider Electric India Pvt. Ltd., Johnson Controls India, ABB India Ltd., Beckhoff Automation Pvt. Ltd., Carel ACR Systems India Pvt. Ltd., Carrier Airconditioning & Refrigeration Ltd., Crestron Electronics India Pvt. Ltd., L&T Electrical and Automation Ltd. and others are some of the leading players operating in India Building and Automation Control System Market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. “India Building and Automation Control System Market is anticipated to grow at a steady pace during the forecast period. However, the market will see downfall due to the COVID-19 pandemic all over the country but the factors like Rising Demand for Electronic Security and urbanization, Growing Awareness About Energy Conservation in India among others are anticipated to propel demand for Building Automation and Control Systems across the country over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. © TechSci Research 1515

Sample Data - Snapshot India Building Automation and Control Systems Market Size, By Value (USD Million), 2017-2027F CAGR 2017-2021 CAGR 2022E-2027F By Value: xx% By Value: xx% 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (USD Million) India HVAC Building Automation and Control Systems Market Share, By Equipment Type , By Value, 2017-2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Sensors 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% Thermostats 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Control Valves 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Others 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% India Building Energy Management Systems Automation and Control Systems Market Share, By Equipment Type , By Value, 2017-2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Smart Meters 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% Others 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% © TechSci Research 1616

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