Press release
Building Analytics Market Shares SWOT Analysis, Key Development Strategies and Forecasts Till 2026
The Building Analytics Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Building Analytics market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Building Analytics market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Building Analytics market.The Building Analytics Market is expected to grow at a CAGR of 14.7% over the forecast period 2021 to 2026.
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Top Leading Companies of Building Analytics Market are - Schneider Electric, IBM Corporation, Johnson Controls International Plc, Honeywell International Inc., Siemens AG, BuildingIQ, General Electric Company, CopperTree Analytics Inc., ICONICS Inc., Delta Electronics, Inc., BuildPulse Inc., ENGIE Insight Services Inc., GridPoint Inc., Noveda Technologies Inc., Crestron Electronics and others.
Industry News and Updates:
- Feb 2020 - Siemens enabled holistic energy data analysis in buildings. The latest energy monitoring software can now be fully integrated into the Desigo CC building management system, making the electrical infrastructure an integral part of smart buildings that are connected via the Internet of Things (IoT).
- June 2019 - Honeywell announced it launched a new category of software, Enterprise Performance Management for Operations Technology, that will improve the way a variety of companies collect, analyze and act on data from their operations. The software solution, called Honeywell Forge, will leverage the company’s more than 100 years of expertise in asset and process control technology and will transform the way work gets done by owners and operators of buildings, airlines, industrial facilities, and other critical assets and infrastructure.
Key Market Trends:
Energy Management Application to Hold the Largest Market Size
- The energy management utilization is supposed to dominate the overall building analytics market in terms of share and growth rate, as it is predominantly getting its use in all building facilities to decrease excessive energy consumption across premises. The HVAC systems and lighting control systems are important consumers of energy; hence the purpose of building analytics solution assists in interpreting the data generated from various equipment and facility systems and stimulate the equipment performance across the facility.
- According to Constellation Energy Resources, LLC, the United States spends about USD 400 billion on energy for commercial and industrial buildings, with USD 120 million on un-used energy every year. At a 10% reduction, with the application of Energy Management, USA saves nearly USD 40 billion each year on energy costs and reduce greenhouse gas emissions by the equivalent of 49 million motor vehicles.
APAC to Record the Highest Growth Rate
- The Asia Pacific is a crucial 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. These countries comprise over 40% of the globe, and building analytics in this region will grow at a very steep rate.
- Venders in APAC are spending in R&D activities to produce technologically advanced building analytics solutions. The prompt modernization and progress in the APAC region's construction activities have stimulated the growth of automatic centralized control of the HVAC systems installed in the buildings, eventually heading to the growth of the building analytics market in APAC.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Building Analytics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Building Analytics Market (%),2016 - 2026
- Building Analytics Market Share, By Brand
- Building Analytics Market Share, By Company
- Building Analytics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Building Analytics Market Value Analysis & Forecast
- Promising Building Analytics Development by Major Companies
- Detailed Building Analytics Portfolio of the Major Companies
- Major Deals in the Building Analytics Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082593311/building-analytics-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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