What is Building Performance Simulation (BPS) Market Scope?
The building energy modeling or energy simulation is also known as building simulation, Building performance simulation (BPS). The BPS is defined as the use of computational mathematical models to represent the physical characteristics, expected or actual operation, and control strategies of a building (or buildings) and its (their) energy systems. The building sector consumes about 40% of primary energy in the United States and European countries and about 25%-30% in developing countries like China. In the United States, federal, state, and local governments set stringent energy goals for new and existing buildings. For example, in the 2016 multi-year program plan (U.S. Department of Energy 2016), the U.S. Department of Energy’s Building Technologies Office set a goal to reduce the energy use intensity (EUI) of buildings by 30% by 2030 and 50% over the long-term. At the state level, California’s long-term energy efficiency strategic plan (California Public Utilities Commission 2008) stipulates that all new residential buildings must be zero-net-energy (ZNE) by 2020, all new commercial buildings must be ZNE by 2030, and 50% of existing commercial buildings must be retrofitted to ZNE by2030
The Building Performance Simulation (BPS) market study is being classified, by Application (Architectural Design, HVAC Design and Operation, Building Performance Rating, Building Stock Analysis and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global Building Performance Simulation (BPS) market throughout the predicted period.
The Green Engineer (United States), BIMBOSS CONSULTANTS (India), PCD Engineering, Inc. (United States), Energy Swift (India), GARD Analytics (United States), CAD Outsourcing Services (India), Epstein (United States), R Group, LLC (United States), Altensis (Turkey), New York Engineers. (New York) and Taitem Engineering (New York) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Partner Engineering and Science, Inc. (United States) and Integrated Environmental Solutions Limited. (United Kingdom).
Analyst at AMA have segmented the market study of Global Building Performance Simulation (BPS) market by Type, Application and Region.
On the basis of geography, the market of Building Performance Simulation (BPS) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
On 26th February 2020, Honeywell announced the launch of Honeywell Forge Energy Optimization, a cloud-based, closed-loop, machine learning solution that continuously studies a building's energy consumption patterns and automatically adjusts to optimal energy saving settings without compromising occupant comfort levels.
Influencing Market Trend
- The increasing environmental and energy concerns that arise from increasing construction activities across the globe
- The increasing the effectiveness of the building and reducing the energy consumption level by deploying assorted equipment which is generally utilized for applications such as underfloor air distribution systems
- Government agencies are focusing on implementing regulatory standards to reduce the effect of carbon emissions and have focused on the construction of green buildings for sustainable growth worldwide.
- Low Awareness Related to Green Building Eco-system in Under Developed Economies
Key Target AudienceBuilding Performance Simulation (BPS), Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
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