Report: India's fire safety and security market on the rise

Market expected to reach $3B by 2012

Frost & Sullivan believes that end users need to be made aware about not just the multi-level benefits of investing in building solutions but also about selecting right building management solutions, technologies and products. More importantly, they need to implement measurement and verification systems, energy metering and monitoring systems and track ROI to enable the maximization of benefits from capital investments in building systems. The Industry too needs to follow best practices such as providing open systems and customized solutions rather than cookie-cutter building solutions.

Mushtaq further adds, "Energy costs have gone on from becoming a mere cost item on a company's profit and loss account to becoming a strategic item to manage, not only from a perspective of cost but also from that of availability, quality and utilization. Hitherto confined to high-end performance contracting or mid-sized retrofits, we see the energy optimization market becoming more structured through organized players expanding across the value chain. Furthermore, this change will significantly leverage remote monitoring and finally link operations and maintenance and energy optimization under one umbrella, leveraging common technologies."

This Frost & Sullivan MindXchange saw thought leaders, senior executives and key decision makers across end-user verticals, industry (products companies, energy management services companies, remote infrastructure management companies, and facility management companies), consultants, architects and regulatory bodies identify and analyze various strategic issues and challenges surrounding investments in building technologies and assess the emerging opportunities.

The key technology partners for this event were Honeywell Building Solutions and Firepro and the Gold Sponsors were Johnson Controls and Wipro. AS International, Buildotech, Construction World, Electronics Maker, Indian Architects & Builders and the Times Journal of Construction and Design were the media partners and India Safe was the event partner.