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. Favorable government initiatives like Smart Cities Mission, rising energy efficiency demands, increased adoption of the Internet of Things (IoT) and artificial intelligence (AI)-driven automation, escalating concerns over sustainability, and stringent regulations for energy management are propelling the market expansion.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 12.50 Billion |
Market Forecast in 2033 | USD 109.10 Billion |
Market Growth Rate 2025-2033 | 24.20% |
Integration of AI and IoT for Smart Automation
The integration of AI and IoT is one of the most recent trends driving the India smart building market. Buildings are becoming more energy-efficient, secure, and cost-effective as AI-driven automation and IoT-enabled smart infrastructure gain traction. Furthermore, AI-powered energy management systems use real-time data from IoT sensors to optimize electricity consumption, resulting in substantial energy savings. AI-enabled energy solutions can cut power consumption in commercial buildings by 20-30%. Additionally, the Indian Green Building Council (IGBC) estimates that smart automation can enhance overall building efficiency by 40%. In line with this, IoT sensors are being extensively deployed for predictive maintenance, reducing downtime and operational costs. By 2025, the Indian smart building sector is expected to see a 40% increase in predictive maintenance adoption. This proactive approach minimizes equipment failures and extends asset lifespan. Furthermore, the demand for smart homes and offices equipped with IoT-driven automation is surging. By 2025, over 75 million IoT devices will be installed in Indian buildings, enhancing real-time monitoring and control. This trend is driven by increasing consumer demand for convenience, security, and energy efficiency.
Expansion of Green and Net-Zero Energy Buildings
The increased emphasis on sustainability and energy efficiency is propelling the development of green and net-zero energy buildings in India. The Indian government, in collaboration with commercial firms, is advocating for stronger laws and incentives to promote ecologically friendly building methods. Furthermore, green buildings in India are rapidly expanding, with the industry projected to reach 10 billion square feet of certified green building area by 2025 (IGBC 2023). The implementation of the Energy Conservation Building Code (ECBC) has made energy efficiency a key focus for new and existing infrastructures. In confluence with this, the concept of net-zero energy buildings (NZEBs) structures that generate as much energy as they consume is gaining momentum. The Bureau of Energy Efficiency (BEE) projects that by 2025, 25% of new commercial buildings in India will be NZEB-certified. Additionally, smart buildings integrated with solar panels and energy storage solutions are expected to contribute to a 30% reduction in carbon emissions. Furthermore, the Smart Cities Mission and the National Solar Mission are promoting the use of renewable energy solutions in buildings. Companies such as Infosys and ITC have already built net-zero campuses, establishing the standard for sustainable development. Green funding and incentives, such as tax breaks for eco-friendly development, amplify this trend.
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:
The report has provided a detailed breakup and analysis of the market based on the component. This includes hardware, software, and service (professional and managed services).
Technology Insights:
A detailed breakup and analysis of the market based on technology have also been provided in the report. This includes building infrastructure management (BIM) (parking management system, smart water management system, and elevators and escalators management system), security and emergency management (access control system, video surveillance system, and safety system), energy management (HVAC control system and lighting system), network & communication management, workforce management, and others.
End User Insights:
The report has provided a detailed breakup and analysis of the market based on the end user. This includes commercial, residential, government & public infrastructure, healthcare, education, transport, manufacturing & industrial, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Components Covered |
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Technologies Covered |
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End Users Covered | Commercial, Residential, Government & Public Infrastructure, Healthcare, Education, Transport, Manufacturing & Industrial, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |