“Over the past few years, building automation and controls market has been expanding at a significant rate. With the government itself coming up with the concept of smart cities, the new generation of India is driving the next wave of technological innovations. As the world’s fastest growing economy, we are in dire need of a standard solution. IP500 technology is a wireless network platform that simplifies the servicing and maintenance of smart buildings, commercial places as well as smart cities,” said Tapan Chattopadhyay.
“The market opportunity in India is endless at this moment. We joined hands with ICC for this event to highlight the potential of IP500 technology. With a diverse scope for application in different sectors, we aim to make as technologically advanced as any other high-tech cities in the world. We are looking to collaborate with the major players to address together the challenges in smart cities, commercial buildings and Indian railways and airports,” commented Helmut Adamski, Chairman, IP500 Protocol, while addressing the audience.
“We couldn’t think of a better venue than Bengaluru as it is the Silicon Valley of India. The city is also home to the major influencers of the building automation market,” he added further.
"Keeping in line with IP500 alliance's commitment to the Indian market, the India Chapter is working closely with the industry to create a sustainable ecosystem of manufacturers, systems integrators and customers. We will provide compete support to all the stakeholders to ensure easy and seamless adaptation of the products on this wireless platform" said Gulshan Aghi, President, IP500 India Chapter.
The Indian building automation market is expected to grow at a CAGR of over 12.5% until the year 2023. The government and private bodies are transforming cities, based on a smart information layer backed by IoT as well as sensors. India is ready for the next step, with making more technology-enabled choices.