Top 5 Leading Companies in the India Intelligent Building Management Systems Market

ABB Ltd., Cisco Systems Inc., Honeywell International Inc., Johnson Controls, and Lutron Electronics Co., Inc, among others are the major players in the India intelligent building management systems market.

The India intelligent building management systems market stood at a value of around USD 8572.23 million in 2023. The market is expected to grow at a CAGR of 24.10% in the forecast period of 2024-2032 to reach a value of about USD 59846.68 million by 2032. As per the analysis by Expert Market Research, the market is driven by the rising application of intelligent building management systems in commercial office buildings.

The India intelligent building management systems market growth is led by the rising innovation in technology such as the Internet of Things (IoT) within the management systems. These systems integrate sensors and smart devices that enable advanced features like real-time monitoring and control of security, lighting and HVAC systems within the domestic setting. Rising investment in the infrastructure and real estate domain in the domestic region is also a major driver for growth in the market. In addition, by improving air quality, thermal comfort, and security, intelligent buildings are made to help lower the cost of energy consumption and increase occupant comfort.

In March 2023, Schneider Electric, a leader in automation and energy management, launched EcoStruxureTM Building Operation. The company aims to capture a bigger market share of the growing infrastructure economy in India by providing building management solutions that are smart and enhance customer comfort along with improved focus on sustainability through long-term operational competence and net zero carbon emissions in buildings. In January 2024, Honeywell launched its smart building platform which helps automate management processes in buildings. The new solution contains many advanced features such as faster network speeds and tools that help make buildings smarter, built-in cybersecurity features which help make the building safer and other functions aimed at enhancing sustainability. ‘Advance Control for Buildings’ helps remove unnecessary emissions with an improved emphasis on the identification and mitigation of operational and maintenance issues in buildings.

Top 5 Intelligent Building Management Systems Companies in India:

ABB Ltd.

ABB Ltd. is an industry leader in sustainable and efficient automation and electrification technology. The company has a workforce of over 1,05,000 employees across the world with a rich history of over 140 years of innovation. The company provides software and technical know-how solutions through control systems, motors, generators & drives, robotics, training, power electronics, electric vehicle charging infrastructure and measurement & analytics. The company provides solutions across a wide range of industries such as mining, automotive, automation, oil & gas, buildings & infrastructure, life sciences, solar power, water, manufacturing, and chemical among others.

Cisco Systems Inc.

Cisco Systems provides solutions across many sectors such as cities & communities, education, healthcare, financial services, government, manufacturing, mining, oil & gas, and retail among others. The company reported a revenue of over USD 14.7 billion in the first quarter (Q1) of the financial year 2024 which was 8% higher when compared to the previous year's numbers. The company provides smart management systems for buildings to automate operations in utilities like electricity, HVAC systems, sewer and security.

Honeywell International Inc.

Honeywell International Inc. is a global leader in providing solutions for security, safety and energy. The company has over 1,10,000 employees across the world with more than 19,000 of them being engineers and scientists. As per its earnings release, the company recorded USD 9.4 billion in sales in the 4th Quarter (Q4) of the financial year 2023. The company provides solutions across various industries such as aerospace, commercial real estate, energy, healthcare, information technology, life sciences, logistics and warehouses, manufacturing and retail among others.

Johnson Controls

Johnson Controls is a multinational corporation that delivers services and expertise in building technologies, energy, and automation in more than 150 countries across the world with its workforce of more than 100,000 individuals. The company has one of the biggest portfolios in software as well as service solutions domain. It recorded sales of over USD 26.7 billion in 2023 for twelve months ended September 30. The company makes programmable automated systems that are energy-efficient and have enhanced operational efficiency to cater to entire commercial setups, campuses, and facilities.

Lutron Electronics Co., Inc

Lutron is an industry leader in providing innovations concerning automation in commercial settings. They provide solutions in lighting systems, shading systems, standalone controls, in-fixture technologies, commercial systems, and residential systems. In May 2024, the company announced the launch of its Luxury Experience App in markets across the world including the Middle East and India. The new application is aimed at enhancing the user experience through intuitive controls in automated blinds and intelligent lighting systems; additional keypad configurator also allows users to customise and preview keypad designs.