About 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.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
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).
Segmentation Overview
AMA Research has segmented the market of Global Building Energy Simulation Software market by , Application (Building Companies, Researchers, Government Regulatory Bodies and Others) 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 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.
Influencing Trend:
Cloud Based Segment Accounts for Larger Market Share
Market Growth Drivers:
Growing Real Estate Market and Increasing Advancement in Building Technology
Challenges:
Lacked of Specialised Professionals in Developing Countries, with the Required Knowledge to Operate the Software
Restraints:
Inaccuracies and Slow Performance of the Software
Opportunities:
India and China with One of the Fastest Expanding Real Estate Markets Present Huge Potential for 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.
In May 2023, Autodesk, Inc. launched new rapid operational energy analysis tool. It offer architects and designers real-time analysis and visual feedback as they are in the early-stage design modeling phases and show influence of operational energy
Key Target Audience
Building Energy Simulation Software Developers and Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Research Organizations and End-Use Industries
About Approach
To 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.