Building Analytics Market Report by Growth, Size, Share and Forecast Till 2027 | Acorn Engineering, Arup Group, AT Kearney, Buildingiq, Buildinglogix, Buildpulse, Coppertree Analytics, Crestron Electronics, Delta Electronics
Building analytics market is experiencing growth all across the globe, growing energy prices, increasingly stringent building energy guidelines, and achieving maximum operational efficiency for building and facility management is expected to be the major market driving forces in the coming years.
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Global building analytics market is expected to grow from US$ 6,181.4 million in 2018 to US$ 19,655.7 million in 2027 at a CAGR of 14.1% between 2019 and 2027.
The deployment of building analytics platform in different types of building depends on varied applications demanded by the infrastructure and nature. As for example, fault detection and monitoring is one of the major application used by manufacturing facilities; and energy management is extensively used by commercial and residential buildings. By building type, the building analytics market is segmented into manufacturing facilities, commercial building, residential building, public places, and government building.
Major Leading Players operating in this market are Acorn Engineering Group Limited, Arup Group, AT Kearney, Buildingiq, Buildinglogix, Buildpulse, Coppertree Analytics, Crestron Electronics, Delta Electronics, Ecovox, Energy Advantage, Enernoc, Engie Insight, Environmental Systems Inc., General Electric, Gooee, Gridpoint, Honeywell, IBM Corporation, Iconics, Schneider Electric, Senseware, Siemens, SkyFoundry, Waibel Energy Systems, Xchanging PLC (CSC Computer Sciences International Operations Limited) among others.
Key Questions Answered by This Report Include:
• Worldwide and Top 20 Countries Market Size of Building Analytics 2014-2014, and development forecast 2019-2027
• Main manufacturers/suppliers of Building Analytics worldwide and market share by regions, with company and product introduction, position in the Building Analytics market
• Market status and development trend of Building Analytics by types and applications
• Cost and profit status of Building Analytics, and marketing status
• Market growth drivers and challenges
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Deployment of analytics in the manufacturing facilities enable the companies to monitor all the manufacturing processes in real-time and helps the facility manager to act in order to prevent failure, optimize field service, as well as vigorously reallocate production resources on time in case of any faults or changes. Further, it allows monitoring of individual asset performance at different levels of production thus, gaining insights regarding the productivity of various assets.
Presently, several manufacturing organizations are experiencing digital transformation in order to become smart digital manufacturing companies. This has resulted in the integration of sensors in production line equipment as well as in other assets to facilitate the collection and analysis of data for optimizing operations, boost asset performance, improve productivity and reduce risk. Fault detection and monitoring or FDD is the most common application of business analytics used by manufacturing companies worldwide. Other applications are also significant for manufacturing facilities such as emergency management, security management, energy management, and operations management among others.
– The report provides a detailed analysis on current and future market trends to identify the investment opportunities
– Market forecasts till 2027, using estimated market values as the base numbers
– Key market trends across the business segments, Regions and Countries
– Key developments and strategies observed in the market
– Market Dynamics such as Drivers, Restraints, Opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2027
– Market opportunities and recommendations for new investments
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Company: The Insight Partners
Contact: Sameer Joshi
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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