India Automation and Control Systems Market: An Overview
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The India automation and control systems market has seen significant changes in dynamics over the years. Initially concentrated in the areas of HVAC and security systems; the market has now evolved into newer areas like lighting systems, fire detection systems, entertainment systems and energy management systems as well. The automation not only integrates different automation systems as mentioned above but also enables substantial power savings.
The automation and control systems market may be broadly classified into building automation and home automation, finding deployment in industrial, commercial and residential settings. The commercial market which includes offices, educational institutions, hospitals and other types of buildings accounts for a bulk of revenues of the India automation market; on the other hand, the residential market is regarded as an immense growth opportunity in the present scenario due to the increasing proliferation of dwelling units in a large number of cities and towns across India.
Figure 1. A Typical ‘Intelligent’ or ‘Smart’ Home of the Future
According to industry estimates, the India automation and control systems market is expected to grow at a CAGR of 30% over the 5 years to 2016, with applications such as security, lighting and energy management likely to play an important role in achieving this significant growth rate.
Increasing data thefts, burglaries, demand for enhanced security, need for energy management / conversion are a few of the key factors that have spurred the India automation and control systems market. Some of the key players in this domain include Honeywell, Legrand, Advantech, Lutron, Crestron, Siemens Building Technologies, Schneider Electric and Johnson Controls.