All you need to know about Facility Management Service
Facility Management Service is offered by third-party companies to repair and maintain buildings, machines, tools, supply chains etc. Facility Management involves a huge array of services. It ensures smooth supply and flawless operation. At the same time, it creates a better environment and favourable surroundings.
EXPLORE SOME STATISTICS
At present, the market of facility management in India accounts for 3.2% of total GDP. That means it is a market of INR 5 Lakh crores. It is estimated that this market will grow at a rate of 20-25% per year.
In the sector of Facility Management, you will find a few organized companies or service providers. The market is very much fragmented no doubt. However, as the economy is getting formalized rapidly, the number of organized providers is steadily increasing.
At present, the organized section of the Facility Management industry covers 10% of the total market with the value of INR 50 thousand crores. It is estimated that the net value will reach at INR 1.25 Lakh crore by 2022.
TYPES OF FACILITY MANAGEMENT SERVICES
There are two types of Facility Management Services. They are Hard and Soft Facility Management Services. Here, we will discuss them in details. Hard Facility Management Services include the solutions regarding security services, Mechanical, Electrical and HVAC operations, Preventive Maintenance Services, short term repairs, energy management, etc. Thus, you can understand that an Industrial utility service provider can easily offer these types of services. Such a provider utilizes the latest technologies along with expert engineers, mechanics and workers.
Soft Facility Management Services include a range of solutions like cleaning and housekeeping services, pest control services, catering services, help desk support, office assistant services, guest house management, logistics, gardening and landscaping.
As a business owner, you can make a contract with a provider to get any particular facility management solution, or else, you can ask that provider for manpower.
FUTURE PROSPECTS
Companies from the sectors like IT, ITES, BPO, Manufacturing, FMCG, Pharmaceutical, Infrastructure, healthcare, retail, etc have a huge demand for Facility Management services and solutions. India is already experiencing amazing industrial and economic growth and it can be easily understood when we see new commercial and residential real estate properties, smart cities, new SEZs, more factories in Tier 2 and Tier 3 cities, etc. Hence, the demands of Facility Management Services will rise at unmatched pace.
When searching a Facility Management Service provider, don’t forget to explore Energy Plus India. It is a Kolkata-based industrial utility service provider. Apart from installation works, we are engaged in preventive maintenance, Utility project execution, spare parts management, etc. Thus, we offer Hard Facility Management Services.
