The Global Building Analytics market is forecast to reach USD 15.21 Billion by 2026, according to a new report by Reports and Data. Building analytics is essential for enhancing the building infrastructure in terms of energy, comfort, security, and overall development. In general, it deliver automated fault detection and diagnosis, and real-time performance monitoring for smart-buildings. With rapid industrialization and urbanization, the need for constructing various structures is in high demand, which in turn is driving the global demand for the market. The key market players are rapidly developing user-friendly solutions, which is projected to drastically increase the need for building analytics solutions in the forecast period.
The above-mentioned factors create opportunities for market growth, while factors such as high cost of implementation of these solutions pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the information & communication technology market owing to innovative efforts have enhanced the efficiency of building analytics market.
The Asia Pacific is a key region for the building analytics market and is projected to grow at a significant rate during the forecast period. The growing population, especially in India and China and hefty governmental investment in the manufacturing and construction sector, is anticipated to drive the demand for the market in the region. These countries consist of over 40% population across the globe, and the application of building analytics in this region will grow at a very high rate.
Key participants include Schneider Electric, Johnson Controls, IBM, Honeywell, Siemens, General Electric, BuildingIQ, ICONICS, CopperTree Analytics, and Delta Electronics, among others.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/2580
Market Overview:
The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Building Analytics Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Building Analytics Market.
Further key findings from the report suggest
- The commercial building segment held the largest market share of 32.3% in the year 2018. These commercial buildings include IT parks & office buildings, restaurants & bars, shopping malls, and pubs & hotels. Office buildings have a higher demand for building analytics software and services in order to save the maximum amount of energy as these buildings have higher consumption from HVAC and lighting systems.
- Energy management segment held the largest market share of 29.2% in the year 2018. Companies are rapidly implementing building analytics software and services due to the increasing need to deal with the HVAC control frameworks in real-time for its high consumption of energy.
- The services segment is forecasted to grow with a higher CAGR of 14.1% during the forecast period. Services include managed service and professional services, which includes consulting and support & maintenance.
- The Asia Pacific is forecasted to grow with the highest CAGR of 14.2% during the forecast period. The green revolution and energy conservation initiatives are focusing on building more and more smart building or smart homes in the region. These factors are responsible for the increasing adoption of building analytics in the region.
To understand how our Building Analytics Market can bring difference to your business strategy:- https://www.reportsanddata.com/report-detail/building-analytics-market
For the purpose of this report, Reports and Data have segmented into the global Building Analytics market on the basis of component, building type, deployment type, application, and region:
Component Outlook (Revenue, USD Billion; 2016-2026)
- Software
- Service
Building Type Outlook (Revenue, USD Billion; 2016-2026)
- Manufacturing Facilities
- Residential Buildings
- Commercial Buildings
- Public Places
- Government Buildings
- Others
Deployment Type Outlook (Revenue, USD Billion; 2016-2026)
- On-premise
- Cloud
Applications Outlook (Revenue, USD Billion; 2016-2026)
- Fault Detection and Monitoring
- Energy Management
- Security Management
- Parking Management
- Emergency Management
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- North America
- S
- Europe
- K
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Request a customization of the report : https://www.reportsanddata.com/request-customization-form/2580
Key Advantages of Building Analytics Market Report:
- Identification and analysis of the market size and competition
- Qualitative and quantitative analysis of the market data
- Data validated by industry experts after extensive primary and secondary research
- Extensive regional analysis of the Building Analytics industry
- Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
- SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
- Feasibility analysis and investment analysis to enable strategic investment decisions
- Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Building Analytics Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs