인도의 그린빌딩 시장 규모는 2025-2032년의 예측 기간 동안 10.59%의 연평균 복합 성장률(CAGR)로 2024년 379억 9,000만 달러에서 2032년 850억 달러로 성장할 것으로 예상됩니다. 이 시장은 최근 몇 년동안 괄목할 만한 성장세를 보였으며, 건강하고 지속 가능한 생활 환경에 대한 인식 증가, 고효율 난방, 에너지 효율적인 조명, 환기 등의 기능을 건물에 통합하려는 수요 증가, 탄소 배출량 감소에 대한 정부의 엄격한 규제, 친환경 건축물의 장점에 대한 인식 증가 으로 인해 앞으로도 지속적으로 확대될 것으로 예상됩니다.
인도의 그린빌딩 시장 수요는 기후 변화의 악영향에 대한 인식 증가, 대기질에 대한 관심 증가, 에너지 효율적이고 친환경적인 건물에 대한 수요 증가로 인해 증가하고 있습니다. 또한, 국가 건축법 및 종합 서식지 평가의 녹색 평가와 같은 인도 정부의 정책은 그린 빌딩의 실천을 장려하고, 그린 빌딩의 인도 시장 성장을 가속하고 지속 가능한 건설을 촉진하는 인센티브와 보조금을 제공합니다. 또한, 에너지 가격의 급격한 상승으로 인해 부동산 소유주와 개발업체는 에너지 효율이 높은 솔루션을 모색할 수밖에 없습니다. 그린 빌딩은 에너지 소비를 줄이고 자원을 효율적으로 사용하며 환경에 미치는 영향을 줄이기 위해 인도에서 그린 빌딩에 대한 수요를 촉진하고 있습니다.
인도의 그린빌딩 시장의 기업들은 기업의 사회적 책임 프로파일을 개선하고 지속가능성 목표를 달성하기 위해 그린빌딩 관행을 채택하는 경향이 증가하고 있습니다. 이러한 추세는 기업이 환경 친화적 인 인프라에 많은 투자를하고 조직이 순 제로 빌딩의 여정을 시작하는 데 도움이되는 지속 가능한 이니셔티브를 발표함으로써 시장 성장을 가속할 것입니다.
이 보고서는 인도의 그린빌딩 시장에 대해 조사했으며, 시장 개요와 함께 건물 유형별, 제품 유형별, 용도별, 지역별 동향, 시장 진출기업 프로파일 등의 정보를 제공합니다.
India green building market is projected to witness a CAGR of 10.59% during the forecast period FY2025-FY2032, growing from USD 37.99 billion in FY2024 to USD 85.00 billion in FY2032. The market has experienced significant growth in recent years and is expected to maintain an expansion in the coming years owing to growing awareness concerning a healthy and sustainable living environment, increasing demand for incorporating features including highly efficient heating, energy-efficient lighting, and ventilation in buildings, stringent government regulations concerning reducing carbon footprint, and growing awareness on the benefits of green buildings. India green building market demand is rising owing to increasing awareness regarding the negative impact of climate change, rising concern on air quality, and increasing demand for energy-efficient and greener properties. In addition, the Indian government's policies, including the National Building Code and Green Rating for Integrated Habitat Assessment, encourage green building practices, offering incentives and subsidies that promote Indian market growth for green building and boost sustainable construction. Furthermore, the rapid rise in energy prices forces property owners and developers to look for energy-efficient solutions. Green buildings offer reduced energy consumption and efficient usage of resources coupled with reduced environmental impact, driving demand for green building solutions in India.
Companies in the India green building market are increasingly adopting green building practices to improve their corporate social responsibility profiles and accomplish sustainability objectives. This trend fosters market growth as businesses invest considerably in eco-friendly infrastructure and announce sustainable initiatives to help organizations start net zero building journeys.
For instance, in March 2024, Mahindra & Mahindra Limited and Johnson Controls International plc announced the first-of-its-kind Net Zero Buildings Initiative to decarbonize India's commercial, urban residential, and public buildings. This joint initiative helps to build, and facility owners learn about best practices of sustainable buildings and supports organizations to shift toward net zero buildings.
Technological Advancements in Construction Drives the India Green Building Market Growth
Innovations in construction technology are significantly supporting the growth of the green building market in India. Techniques including modular construction, prefabrication, and advanced materials like energy-efficient glazing and green insulation are becoming more prevalent. These technologies reduce construction waste and improve energy efficiency in buildings. As developers adopt these innovations, the cost-effectiveness and performance of green buildings enhance, making them more attractive to investors and homeowners alike, thus fostering market growth in the forecast period. Companies in the market are advancing technologies for green buildings or sustainable construction to address the growing demand for healthier living environments.
For instance, in April 2024, Hindustan Construction Company Limited announced the launch of a new and advanced product line of eco-friendly construction materials to reduce the carbon footprint of its projects.
Rising Consumer Demand for Sustainability Propels the India Green Building Market Demand
There is a shift in consumer preferences towards sustainable living. Homebuyers and tenants are increasingly prioritizing energy-efficient and eco-friendly features in buildings. This trend is driven by greater awareness of climate change and environmental issues, which requires green buildings that provide lower utility costs and healthier living environments. Developers are responding by incorporating sustainable practices, which in turn fosters the growth of the green building market as more projects are designed with sustainability at their core. Companies in the market are efficiently investing in green building technologies to address the demand for sustainable designs and accomplish sustainable benchmarks. In addition, companies are significantly announcing the establishment of sustainable objectives to bring together popular leaders who are the frontrunners of propelling advancements in the green building market.
For instance, in April 2024, Navrattan Group announced the launch of 'Green Cement' in India to address the rising demand for sustainable building materials and be a game-changer in the India green building market.
Government Policies and Initiatives Force the Growth of the Green Building Market in India
The Indian government significantly promotes green building practices through initiatives, including the Energy Conservation Building Code (ECBC) and various state-level policies. These regulations promote sustainable construction by offering incentives for energy-efficient designs and materials. Programs, including the Green Rating for Integrated Habitat Assessment (GRIHA), also support developers in accomplishing sustainability benchmarks. With government backing, the market for green building in India is expected to rise as more developers seek to observe regulations and attract environmentally conscious buyers. Furthermore, the Indian government aims to make cities eco-friendly by encouraging environmentally friendly habitats through advancements in energy efficiency in building, improved management of solid and liquid waste, urban planning, and conservation by making efficient changes in a regulatory framework.
For instance, in February 2023, the Government of India provided tax benefits to developers of Leadership in Energy and Environmental Design (LEED)-certified buildings through the Income Tax Act. Developers can claim up to 100% depreciation on the cost of green building assets such as rainwater harvesting systems, solar panels, and waste management systems.
Commercial Buildings Dominate the India Green Building Market Share
Commercial Buildings dominate the market growth owing to rising awareness of the benefits of sustainable buildings and increasing investments in green office spaces. Green buildings offer significant savings through energy efficiency, reduced waste management practices, and waste usage. In addition, the Indian government has implemented different policies encouraging sustainable construction in the commercial sector, driving the Indian commercial building market growth in the forecast period. Compliance with regulations, including the Energy Construction Building Code, incentivizes developers to pursue green building certifications, further surging the market share of commercial buildings. In addition, there is a rising awareness among businesses and consumers about climate change and environmental sustainability, driving requirements for commercial spaces.
For instance, in August 2024, Oberoi Realty Limited announced plans for a 1.8 million-square-foot construction project in Worli, Mumbai, which will include a mall, a hotel, and office space to expand its market presence and increase competition.
Residential Buildings are Expected to Hold the Largest Market Share
Residential buildings are expected to hold the largest market share owing to growing public awareness of environmental issues and an increase in the disposable income of consumers. Advancements in construction technologies, including energy management systems and smart building solutions, make establishing residential buildings easier and more efficient. These innovations enhance the appeal of residential buildings, contributing to their projected dominance in the green building market. Upgrading residential buildings can significantly improve their market value. Sustainable residential building features attract tenants and command higher rental rates, making such investments financially advantageous for property owners. These factors are projected to foster the growth of India's residential building market in the forecast period.
For instance, in October 2024, NeoLiv Real Estate Private Limited announced the acquisition of 12 acres of land in Alibaug, Maharashtra, to develop a housing project worth USD 4.8 million to deliver exceptional living experiences that will set new benchmarks for residential developments.
Future Market Scenario (FY2025-FY2032F)
Advancements in construction technologies and materials have made it easier to build energy-efficient structures, increasing the feasibility and attractiveness of green building projects.
Green buildings prioritize indoor air quality, natural lighting, and thermal comfort, contributing to the health and well-being of occupants, which is increasingly valued by both businesses and homeowners.
Companies are integrating sustainability into their CSR strategies, investing in green buildings to enhance their brand reputation, meet stakeholder expectations, and attract eco-conscious consumers.
Increasing public consciousness about climate change and environmental sustainability is motivating consumers and businesses to seek green building options that reduce their ecological footprints.
Key Players Landscape and Outlook
Many companies are investing in cutting-edge technologies like energy-efficient HVAC systems, smart building solutions, and renewable energy sources (solar, wind) to enhance their offerings. This not only improves building performance but also attracts environmentally conscious clients. Companies are expanding their portfolios by incorporating a wide range of green building materials, such as recycled or locally sourced materials and energy-efficient fixtures. This diversification meets the varied needs of clients and broadens market appeal. Continuous R&D into sustainable materials and construction techniques enables companies to stay ahead of market trends. Innovations can lead to more efficient building processes and the development of new, eco-friendly products.
In June 2024, Delhi International Airport Limited (DIAL), which GMR Infrastructure Limited leads, reached an impressive milestone of 57% reduction in electricity consumption per passenger since 2010. DIAL's energy-saving measures include integrating green building practices, using energy-efficient infrastructure, and continuing efforts to optimize consumption further. This achievement is a crucial step toward its goal of becoming a net zero emissions airport by 2030.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.