Honeywell consolidating its position in India with Product Innovation

In a chat with VARINDIA, Dr Akshay Bellare, Vice-President & General Manager, Honeywell Technology Solutions, talks about Indian market, the opportunities it offers, product innovation and R&D

With the gradual advancement of electronic security equipment towards integrated security solutions, an unparallel growth is being witnessed in the Indian security market. This shift has been instrumental in integrating multiple systems which include video, intrusion, video analytics, fire, access control, etc. 

“The Indian security market is experiencing an unprecedented boom with growing demand and awareness about security solutions in the retail and enterprise segment. The electronic security equipment market is heading towards integrated security solutions, created by bundling multiple systems, including video, intrusion, video analytics, fire, access control, HVAC, chemical and biological sensors, etc. Such systems would offer actionable intelligence and decision support to the organization,” says Dr Akshay Bellare, Vice- President & General Manager, Honeywell Technology Solutions.

India as an opportunity

India holds immense opportunities as it is an emerging market with multiple factors like increase in FDI, purchasing power parity, improved economic and social conditions and also government projects like Make in India, Digital India, Start-up India, etc which are further triggering it.  

“India is among one of the emerging markets.It will probably see billions of middle-income consumers reach the marketplace in the next 15-20 years. India’s GDP is expected to grow approximately 7% amid global economic headwinds. It is the third-largest economy in the world with steady increase in purchasing power parity (PPP), expecting $15 trillion by 2025. Increase in FDI, increasing purchasing power parity, improved economic and social conditions, and the progressive steps being taken by the government, including Make in India, Digital India, Start-up India, Skill India, 100 Smart Cities are fuelling the technological innovation of the country,” explains Dr Akshay. 

Further elaborating on it, Dr Akshay says, “It is interesting to see how some of the national agendas like Smart Cities are contributing towards a better India. It is important to have smart homes and buildings to make a smarter city. The concept of smart building technologies is evolving and being adopted across commercial and residential spaces in India. Buildings everywhere are becoming greener, safer, and more productive, thanks to smart technology. One billion connected parts in lighting, HVAC and other systems are predicted to be deployed in commercial buildings in 2018."

Innovation

Considering India as a critical market for the company, it is investing regularly to fortify its position in the country. Honeywell is strategically leveraging its global knowhow and customizing products for specific verticals to gaining grounds in the market. 

“Honeywell is consistently investing in product innovation to grow and consolidate its global leadership position and local business intelligence in the Indian security market, leveraging global knowhow and customizing products for the Indian market. The approach is to devise products for specific verticals and design solutions that aim to serve specific customer needs. As an industry pioneer, Honeywell has developed many groundbreaking advances that have shaped today’s residential and commercial security systems. Honeywell security portfolio caters to all electronic security needs for industrial, government, defence, transportation, commercial, retail, hotel, hospital, corporate buildings, IT/ITeS, banking and the residential market,” reveals Dr Akshay. 

Honeywell is working with the government and apex bodies in some major smart city projects to make it a reality. Elaborating on it, Dr Akshay says, “Importantly, we are partnering with state governments and local authorities to implement our IoT-enabled citywide security and surveillance systems, including closed-circuit televisions (CCTVs), emergency response solutions, automatic number plate reading system (ANPR), and intelligent traffic management technologies in key smart cities. Our sensors capture data, analyze it, and turn it into information that enables better situational awareness for the decision makers.  We are already working on similar successful smart city initiatives, including city surveillance projects in Aurangabad in Maharashtra state, an 11-city project in Madhya Pradesh state, including a successful Ujjain Simhastha Kumbh event requiring security management in a gathering of 70 million devotees, and in Bhubaneswar, in Orissa state.”

R&D

The engineering arm of Honeywell, HTS, works to make world safer, effective, comfortable and productive by overcoming the toughest challenges. It aims to improve the life of the people across globe. The HTS Bengaluru develops state-of-the-art technologies catering to different verticals.   

“Honeywell Technology Solutions (HTS), an integrated technology development and engineering arm of Honeywell in Bengaluru, creates technologies that improve quality of life for people around the globe – generating clean energy, increasing our safety and security, enabling people to connect, and collaborate, and equipping our customers with technologies that enable higher productivity. The 4,000 engineering workforce in HTS Bengaluru delivers cutting-edge technologies that serve many industries, such as homes and buildings, aviation, defence and space, oil & gas, and chemicals. HTS works on all aspects of Honeywell’s products to tackle some of the world’s toughest challenges. Honeywell’s engineering organization makes the world safer, more effective, more comfortable and more productive,” explains Dr Akshay.