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Government's Focus on Energy Savings Fosters Growth of the Indian Lighting Control Systems Market Finds Frost & Sullivan - Proliferation of Green Building Projects is Enhancing Market Prospects - BuildingTechnologies.Frost.com
Government's Focus on Energy Savings Fosters Growth of the Indian Lighting Control Systems Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mumbai, India, 2013/12/18 - Proliferation of Green Building Projects is Enhancing Market Prospects - BuildingTechnologies.Frost.com.

   
 
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Escalating investment in the real estate and construction industry, coupled with the growing need to reduce energy consumption across the commercial, residential and government sectors, is propelling the Indian lighting control systems market. Green building projects, in particular, are illuminating avenues for lighting control systems since they have to comply with various national standards set by the Bureau of Energy Efficiency (BEE), Energy Conservation Building Code (ECBC), Green Rating for Integrated Habitat Assessment (GRIHA), and Indian Green Building Council (IGBC) along with international standards such as Leadership in Energy & Environmental Design (LEED).

New study from Frost & Sullivan (buildingtechnologies.frost.com), Analysis of the Indian Lighting Control Systems Market, finds that the market earned revenues of INR 2.50 billion in 2012 and estimates this to reach INR 4.06 billion by 2017 at a compound annual growth rate of 10.2 percent. Lighting accounts for more than 17-20 percent of the world's energy costs. With the usage of the right combination of advanced lighting solutions such as efficient lamps, high-performance luminaires, electronic drivers and controls etc., consumers can achieve energy savings of upto 60-70 percent.

The potential for lighting controls in green building is huge. It is observed that nearly 1,909 green buildings are registered with IGBC, out of which some 300 green building projects are certified and fully functional in India. It is also observed that there are around 300 projects registered under GRIHA.

"Real estate investors are beginning to realize that even though the construction costs of a green building are higher than those of a conventional building, they can recover the incremental costs within three to four years by incorporating energy saving measures," said Frost & Sullivan's Environment & Building Technologies Analyst. "The continuing drop in the cost of traditional lighting control products, mainly due to modest innovation, will help this segment expand. Traditional lighting controls are mainly used by medium and small scale stakeholders (typically less than 5000 square meters), while the more expensive automatic controls are mainly deployed by the large users (more than 5000 square meters)."

At the same time, low-cost imports and high product lead times are paving the way for higher discounts and localization of manufacturing. Stiff competition in the domestic market will see market participants adopting various business plans and distribution models to stand out in the crowd. The most successful participants are likely to be the ones with a clear vision of the market, wide product range, huge distribution network, and presence of skilled/qualified manpower for installation and solution support.

Technological improvements and rising energy consciousness due to urbanization are bringing in demand from unconventional markets such as healthcare, education and government. Participants are exploring markets beyond the half-penetrated tier I cities and are also undertaking market development activities in tier II cities. "With increasing penetration of information and communication technologies, buildings are expected to become smarter and intelligent. Such fully integrated and networked buildings will need energy management and remote monitoring, leading to improvements in operational efficiency and eventually, more market opportunities for lighting control companies", observed the analyst.

If you are interested in a virtual brochure, which provides a brief synopsis of the study and a table of contents, then send an email to Ravinder Kaur / Priya George, Corporate Communications, at ravinder.kaur[.]frost.com / priyag[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

Analysis of the Indian Lighting Control Systems Market is part of the Building Management Technologies Growth Partnership Service program. Frost & Sullivan's related studies include: Analysis of the LED Lighting Market in the GCC, Analysis of the Indian Facility Management Services Market, Analysis of Cable Management Systems Market in India, Analysis of Fire and Safety Market in India, and Analysis of the Indian Pre-engineered Buildings Market. All studies included in subscription provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
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Analysis of the Indian Lighting Control Systems Market / P778-19

Media contact:
Nimisha Iyer, Corporate Communications South Asia, Middle East, and North Africa
M: +91 98200 50519 / P: +91 22 6607 2007 - E: niyer[.]frost.com.

 
 
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Government's Focus on Energy Savings Fosters Growth of the Indian Lighting Control Systems Market Finds Frost & Sullivan

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Publisher Contact: Ravinder Kaur / Priya George 
+91 44 66814413 / +91 44 66814414 ravinder.kaur[.]frost.com / priyag[.]frost.com
 
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