What is Building Energy Simulation Software?
To analyse and predict building vulnerabilities, a Building Energy Simulation Software takes into account the building geometry and orientation, building materials used, building façade design and characteristics, climatic parameters, indoor environmental conditions, occupant activities and schedules, HVAC and lighting systems, and other parameters. This software solutions are rising in demand with the rapidly expanding real estate market, as well as growing government regulations on the safety parameters involved in a building various structures. The rising advancement in the building technology and the vast sums of funds invested in the research and development of civil engineering projects too has significantly accelerated the market of the building energy simulation software market. Geographically, Asia Pacific would emerge as the biggest markets of the building energy simulation software.
The market study is broken down and major geographies with country level break-up.
Growing Trend of adoption of digital solutions has also been wide spreading in the construction and real estate market, leading to growth of the various simulation software including that of building energy simulation software. Surge in government regulations with regards to safety of the structure has also led to building lobbies spending millions in design and assessment of the design. India and China with their massive middle income groups, and rising real estate market, is expected to have huge potential for the growth of the building energy simulation software market. Asia Pacific is expected to emerge as the major market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autodesk, Inc. (United States), DesignBuilder Software Ltd. (United Kingdom), Environmental Design Solutions Ltd. (United States), 4M Inc. (United States), Carrier Global Corporation (United States), OpenStudio (Netherlands), Energy Periscope (United States), EnergyCAP, LLC (United States), Radiance Energy, Inc. (Canada) and Trimble Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Snugg Home, LLC (United States), Sefaira (United States) and Thermal Dynamics, Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Building Energy Simulation Software market by Type, Application and Region.
On the basis of geography, the market of Building Energy Simulation Software 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). If we see Market by End Use, the sub-segment i.e. Building Companies will boost the Building Energy Simulation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud Based will boost the Building Energy Simulation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Building Energy Simulation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Autodesk, Inc., a United States based multinational corporation providing software solutions for architecture, engineering, construction and other industrial domains has announced acquisition of Innovyze, which is a provider of smart water infrastructure modelling, simulation and predictive technologies. The acquisition deal was valued at USD 1 billion and is in sync with Autodesk’s digital twin strategy. This also bolsters Autodesk’s standing as global provider of end to end digital solutions in water infrastructure designing.
- Cloud Based Segment Accounts for Larger Market Share
- Growing Real Estate Market
- Increasing Advancement in Building Technology
- India and China with One of the Fastest Expanding Real Estate Markets Present Huge Potential for Growth
- Inaccuracies and Slow Performance of the Software
- Lacked of Specialised Professionals in Developing Countries, with the Required Knowledge to Operate the Software
Key Target AudienceBuilding Energy Simulation Software Developers and Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Research Organizations and End-Use Industries
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Autodesk, Inc. (United States), DesignBuilder Software Ltd. (United Kingdom), Environmental Design Solutions Ltd. (United States), 4M Inc. (United States), Carrier Global Corporation (United States), OpenStudio (Netherlands), Energy Periscope (United States), EnergyCAP, LLC (United States), Radiance Energy, Inc. (Canada) and Trimble Inc. (United States) etc.
2. Can we have customized study for Building Energy Simulation Software Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Building Energy Simulation Software Market by 2026?
Analysts at AMA estimates Building Energy Simulation Software Market to reach USD Million by 2026.