LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent building energy management (BEM) services market in India report until 2020. This research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.
BEM services provides energy solutions to end-users in terms of energy savings and optimization. With an increasing need for reduction in energy consumption level in India, government bodies are initiating several policies and regulations such as Green Rating for Integrated Habitat Assessment (GRIHA) and Leadership in Energy and Environmental Design (LEED) India to encourage sustainable development practices. This will result in a growing demand for BEM services during the forecast period.
“During the forecast period, BEM services will experience an exponential growth due to the constant need for maintenance services of installed BEM products and the rising need to install new BEM systems in new building facilities. With an emphasis to reduce the overall energy consumption in building facilities, organizations will contract BEM vendors who specialize in consulting services, driving the market to growth,” says Bharath Kanniappan, one of the lead analysts at Technavio for automation research.
Competitive vendor landscape
The BEM services market in India is experiencing high growth due to the economic expansion opportunities available in end-user industries. The Government of India has also taken key initiatives focusing on the need to conserve and optimize energy use. This provides a vast scope of growth for BEM services vendors in the country. Vendors operating in India include a mix of established and domestic players. Since this market requires professional expertise, smaller players find it hard to catch up with business models of larger and proficient firms in the market.
Every vendor provides BEM services as a part of an entire solution framework within the BEM System. They take care of everything from integrating energy-efficient products, to its maintenance and after-sale support. The market is primarily dominated by established players such as Honeywell, Schneider Electric, and Siemens that offer a wider portfolio of energy-efficient products and services to the building owners.
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Top five vendors in the BEM services market in India:
Honeywell is a technology and manufacturing company with a diverse presence across the globe. The company's division Honeywell Building Solutions, which designs, installs, maintains, supports, and provides energy savings contracting across India.
It provides intelligent and smart solutions for monitoring and controlling energy consumption data in a building facility. Using the tools provided by this company, end-users can effectively optimize the performance of all energy-consuming equipment installed in the facility. The types of equipment include HVAC, fire detection systems, and elevators. The portfolio of services includes building automation, fire automation, and security automation.
Schneider Electric manufactures and sells a broad range of equipment used for energy, automation, and electricity management. The company carries out system integration, installation, support, and consulting related to energy-efficient products. Various energy-efficient solutions include power distribution, HVAC controls, building management, and energy monitoring systems. Besides services related to installation and support of energy-efficient products, the company also provides energy consulting services on a contractual basis.
Bosch is one of the leading suppliers of technology and services. Its businesses are divided into four verticals - mobile solutions, industrial technology and automation, consumer goods, and building energy technology. In India, Bosch provides technology and engineering-related products and services in the field of automation solutions, mobility solutions, and building energy technology.
Secure Meters manufactures energy-efficient systems and solutions, including energy meters, grids, and power systems. It provides energy management products and solutions to monitor, analyze, and enhance energy consumption for end-users. The company offers energy measurement, energy control systems, and energy consulting services.
Siemens is involved in the field of power generation systems and transmission systems. The company's area of specialization includes electrification, automation, and digitalization. It provides energy-effective technologies in the areas of fire prevention, HVAC, and building management products and services. The building technology division caters to the development of energy management solutions for various commercial buildings.
Siemens offers monitoring, efficiency enhancement, modernization, and maintenance services for buildings and other forms of infrastructure. End-user industries where Siemens operates include utility, airports, hotels, healthcare, and data centers.
Browse Related Report:
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