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

The latest report by IMARC Group, titled "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 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. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

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

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India Smart Building Market Overview

The Indian smart building market is witnessing strong growth due to encouraging government policies such as the Smart Cities Mission, growing energy efficiency needs, expanding use of the Internet of Things (IoT) and artificial intelligence (AI)based automation, growing concerns about sustainability and strict energy management regulations.
India Smart Building Market Trends and Drivers

1. Integration of AI and IoT for Smart Automation

AIIoT integration is one of the newest trends fueling India's smart building industry. Buildings are becoming efficient, secure, and affordable as AI based automation and IoT based smart infrastructure pick up pace. In addition AIbased energy management systems leverage realtime information from IoT sensors to regulate electricity usage efficiently, leading to high energy savings. AI-based energy solutions have the ability to reduce power consumption in commercial buildings by 20-30%. Moreover the Indian Green Building Council (IGBC) puts the potential for smart automation to boost overall building efficiency at 40%.

Consistent with this, IoT sensors are widely being used for predictive maintenance, lowering downtime and operating expenses. By 2025 predictive maintenance adoption in the Indian smart building market is likely to grow by 40%. This forward-looking strategy keeps equipment failures at bay and extends the life of assets. In addition, the need for smart offices and homes with IoTbased automation is on the rise. By 2025, more than 75 million IoT devices will be installed in Indian buildings, with improved real-time monitoring and control. This is fueled by growing consumer demand for convenience, security, and energy efficiency.

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2. Expansion of Green and Net-Zero Energy Buildings

The growing focus on sustainability and energy efficiency is driving the growth of green and net-zero energy buildings in India. These structures are made to reduce energy consumption and carbon emissions, in sync with international environmental objectives. The use of renewable energy sources, energy-efficient technologies, and sustainable building practices is gaining traction. Government policies and incentives are favoring the construction of such buildings, driving the overall growth of the smart building market.

India Smart Building Market Segmentation

1. By Component

• Hardware

• Software

• Service

o Professional Service

o Managed Service

2. By Technology

• 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

3. By End User

• Commercial

• Residential

• Government & Public Infrastructure

• Healthcare

• Education

• Transport

• Manufacturing & Industrial

• Others

4. By Region

• North India

• South India

• East India

• West India

Key Highlights of the Report

• Market Performance (2019-2024)

• Market Outlook (2025-2033)

• COVID-19 Impact on the Market

• Porter's Five Forces Analysis

• Strategic Recommendations

• Historical, Current, and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• 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.

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This release was published on openPR.