The award was conferred to Trane India for offering highly efficient systems for all building types and applications. The growth and the market development efforts by Trane India exemplify their efforts in customer satisfaction.
The Awards based on detailed research seek to recognize Best Practices and outstanding performance by firms in the Energy Management Services industry and its segments in India.
On receiving the award, Mr. Pankaj Gupta, Country Manager, Building Automation Systems Division, Trane India Limited said, "We always considered investment in building systems and control technologies that contribute to improving energy efficiency, as key to the success of our customers business. We are proud to receive the Frost & Sullivan, Building Technologies Excellence Award and consider this an indication of how well the market has accepted our services."
Mr. Y. S. Shashidhar, Vice President, Industrial Technologies Practice, Frost & Sullivan said, "Currently, the concept of making efficient buildings and concentrating on energy management is given top priority. Trane India is among the top suppliers of integrated comfort solutions providing controls and services in India. But more importantly, Trane India’s success in providing thoughts on energy efficiency for various types of buildings and its role in environmental responsibility earned them this award."
The Energy Management Services market in India is valued at US $11.0 million. The increasing awareness on energy management and growing acceptance of green building concept are some of the major drivers for this market. The addressable market which currently appears small is expected to register a healthy growth for the next two years. Frost & Sullivan expects this market to grow at a compound annual growth rate (CAGR) of 28 percent between 2006 and 2012.
Frost & Sullivan followed a rigorous selection methodology that is unmatched by any other firm. The nominees were subjected to a detailed audit process wherein their performance was measured against 50 different parameters covering various strategic business performance areas such as the firm’s strategic position in the industry, management experience, strategic partnerships, marketing programs, research and development programs, performance on revenue and financial metrics, product innovation, growth focus, competitive position, and the like. The selection process involved detailed secondary research and in-depth discussions carried out by senior Frost & Sullivan analysts with senior executives of the participating firms.
The launch of the awards program met with an overwhelming response from the industry. Many leading national and multinational companies, small and medium firms nominated their candidature in one or more of the 12 business areas spanning Fire Safety, Security and Building Management Systems industry segments, covered in this program. In all, over 80 firms entered the pan-India awards program launched four months ago.
It is interesting to note that Trane in the U.S. also achieved a Frost & Sullivan award in 2006 for its new Cool-Dry-Quiet Air handling unit which delivers high levels of comfort and energy efficiency.
About Trane India
Trane is a leading global provider of indoor comfort systems and comprehensive facility solutions. Its offerings include energy efficient heating, ventilating and air conditioning systems, service and parts support, advanced building controls and financing solutions. Each Trane system is designed to meet the specific needs of customers who want heating, cooling, dehumidifying and air cleaning systems for residential, commercial, institutional and industrial applications.
About Frost & Sullivan
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.