India Smart Building Market Size, Share & Forecast 2025-2033

The latest report by IMARC Group, "India Smart Building Market Size, Share, Trends and Forecast by Component, Technology, End User, and Region, 2025-2033", offers a comprehensive analysis of the India Smart Building Market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The India smart building market size reached USD 12.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 109.10 Billion by 2033, exhibiting a growth rate (CAGR) of 24.20% during 2025-2033.

India Smart Building Market Overview

The Indian smart building market is undergoing significant growth on account of increasing technological advancements and government policies. In 2024 the market is experiencing a surge in demand for efficient and automated building solutions. Convergence of Internet of Things (IoT), Artificial Intelligence (AI), and smart building management systems is aiding the optimization of building operations and making them more intelligent and sustainable. The market is predicted to keep growing, achieving major milestones over the next several years, with strong focus placed on urbanization and green living environments.

Base Year: 2024
Forecast Years: : 2019-2024
Market Size in 2024: USD 12.50 Billion
Market Forecast in 2033: USD 109.10 Billion
Market Growth Rate (2025-2033): 24.20%

Request For Sample Report: https://www.imarcgroup.com/india-smart-building-market/requestsample

India Smart Building Market Trends & Drivers

Among the macro trends impacting the India smart building market is the increasing uptake of energy efficiency solutions. With heightened concern regarding climate change and natural resource depletion, smart buildings are quickly becoming an integral part of green infrastructure. Applications like AI and IoT are increasingly being used to monitor and control energy usage, security systems, and even the air quality. Moreover, the market for contactless and remote management systems is growing, a wider trend toward building operations automation and digitalization.

Some of the key drivers behind the growth of the India smart building market are:

Firstly, supportive government initiatives such as the Smart Cities Mission are supporting investment in city infrastructure and technology. Second increasing energy efficiency needs, both from regulatory requirements and consumer demand are driving the market toward more sustainable building practices. Third technological improvements in AI and IoT are making it possible for more integrated building management solutions, expanding their appeal to both property developers and end-users. Moreover, escalating concerns over environmental sustainability are driving the adoption of smart buildings as eco-friendly options.

Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/india-smart-building-market

India Smart Building Market Trends Segmentation

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on component, technology, and end user.

Component Insights:

• Hardware
• Software
• Service
o Professional Service
o Managed Service

Technology Insights:

• Building Infrastructure Management (BIM)

o Parking Management System
o Smart Water Management System
o Elevators and Escalators Management System

• Security and Emergency Management

o Access Control System
o Video Surveillance System
o Safety System

• Energy Management

o HVAC Control System
o Lighting System

• Network & Communication Management
• Workforce Management
• Others

End User Insights:

• Commercial
• Residential
• Government & Public Infrastructure
• Healthcare
• Education
• Transport
• Manufacturing & Industrial
• Others

Regional Insights:

• North India
• South India
• East India
• West India

India Smart Building Market News:

September 2024: UnaBiz, one of the leading providers and integrators of Massive Internet of Things (IoT) solutions, unveiled a range of smart building technologies at BEX Asia 2024. These solutions are designed to streamline monitoring, improve operational efficiency, and support building owners in achieving sustainability objectives by reducing waste and optimizing resource utilization.

July 2024: Indian smart building startup NHance.ai raised USD 1.5 Million in seed funding from high-net-worth individuals to accelerate expansion and improve its digital twin platform for smart buildings. Using machine learning and artificial intelligence, the platform provides businesses with real-time visibility into building performance and actionable insights for optimization.

Key highlights of the Report:

1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31219&flag=E

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.