Building Energy Simulation Software Market Size, Industry Trends, Business Opportunities, Key Players Analysis and Forecast 2030 | EnergyPlus, CYPE Software, DesignBuilder Software

Market Overview:

Building energy simulation software is used for analyzing and optimizing the energy performance of buildings. It is used to design energy efficient, sustainable buildings and calculate utility costs.

The global Building energy simulation software market size was valued at US$ 4.90 billion in 2023 and is expected to reach US$ 10.36 billion by 2030, grow at a compound annual growth rate (CAGR) of 11.3% from 2023 to 2030

Market Dynamics:

The building energy simulation software market is witnessing high growth owing to increasing adoption of energy efficient green building standards across commercial and residential buildings globally. Governments of various countries have implemented various policies promoting energy efficient construction practices. For instance, the European Union has introduced the Energy Performance of Buildings Directive (EPBD) which mandates the use of building energy modeling software for obtaining construction permits for new buildings. Furthermore, growing awareness regarding operational cost savings from energy efficient buildings is also driving the adoption of building energy simulation software. The software helps builders and architects analyze various design parameters at early stages and select the most optimal solution leading to lower energy consumption and costs over the lifetime of the building.

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Growing Adoption of Net Zero Energy Buildings is Driving the Building Energy Simulation Software Market

Governments around the world are increasingly pushing for the development of net zero energy buildings to reduce carbon emissions from the built environment. Energy simulation software plays a vital role in analyzing a building's energy performance and enabling architects and engineers to design efficient net zero energy buildings. Majority of the buildings being constructed today are aiming to achieve net zero or near-zero energy consumption standards. This growing focus on sustainable building practices is driving increased adoption of building energy simulation tools to model various design options and ensure new buildings meet stringent energy efficiency targets.

Rising Emphasis on Reducing Operational Energy Costs is Fueling Demand

Property owners and managers recognize that reducing energy consumption can significantly lower operational expenses over the long run. Building energy simulation allows evaluating different equipment, fenestration, insulation, and HVAC system options to determine the most cost-effective solution for minimizing energy costs. With energy prices on the rise, commercial and industrial facilities are increasingly relying on these software to strategize energy efficiency retrofits and upgrades. The push to contain operational expenditures through lowered utility bills is working in favor of the building energy simulation market.

Top Key Players:

Autodesk Inc., IES (Integrated Environmental Solutions), Bentley Systems, Dassault Systèmes, EnergyPlus, CYPE Software, DesignBuilder Software, IESVE (IES Virtual Environment), Carrier, eQUEST, Trane Technologies, IES TaP, IES SCAN, Trimble, EnergySoft

Detailed Segmentation:

By Component:
Software
Services
Others

By Application:
Commercial Buildings
Residential Buildings
Government Buildings
Others

By End-use Industry:
Architecture & Construction
Government & Defense
Automotive & Transportation
Manufacturing & Engineering
Others

By Deployment Model:
On-premise
Cloud-based

By Organization Size:
SMEs
Large Enterprises

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Stringent Building Energy Codes and Compliance Requirements Boost Usage

Most countries and regions have implemented stricter building energy codes and standards in recent years to curb greenhouse gas emissions. Demonstrating compliance with these regulations often requires conducting detailed energy modeling and simulations. The complex compliance process has amplified the need for specialized simulation tools. As building codes become more rigorous with each new version, dependence on energy simulation solutions is rising accordingly. Toughened norms regarding building efficiency are positively impacting the growth of this industry.

High Software Costs Pose a Challenge

Building energy simulation packages offer various capabilities but come at premium price points, sometimes running into tens of thousands of dollars. While helpful in achieving long-term savings, the upfront financial commitment acts as a barrier, especially for budget-constrained projects and small architectural/engineering firms. Rising software licensing fees with every new upgrade further adds to the cost burden. Although helpful, the expensive nature can discourage certain segments from adopting these solutions. Software developers must focus on value-based pricing models to expand their customer base.

Personalization of Tools Presents a Lucrative Opportunity

Currently, most building energy modeling programs offer generic preset features and functionalities that may not account for project-specific requirements. However, with advanced customization, software can be tailored to the unique energy, comfort and operational needs of different building typologies. This allows capturing a more accurate and meaningful insight. Vendors have an opportunity to offer specialized personalized editions incorporating local climate data, codes, typical constructions etc. Catering software to regional needs and customized applications present a profitable avenue for growth.

Progress in Building Information Modeling is Shaping the Industry Trends

Building information modeling (BIM) has revolutionized building design, documentation, and construction. The integration of building energy modeling capabilities within BIM platforms allows performance simulation and visualization to become a core part of the design process from the onset. Developers are aligning their products to take advantage of this trend. Seamless interoperability with BIM workflows through tools like Green Building XML and open standards like IFC and COBie help expand the user base. Advancements in technologies like machine learning, Internet of Things, and virtual/augmented reality also open up new possibilities for more intuitive and immersive simulation experiences.

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Key Questions Addressed in the Market Report:

What is the expected size, share, and CAGR of the Building Energy Simulation Software Market over the forecast period?
What are the key trends expected to influence the Building Energy Simulation Software Market between 2023 and 2030?
What is the expected demand for various types of products/services in the Building Energy Simulation Software Market?
What long-term impact will strategic advancements have on the Building Energy Simulation Software Market?
Who are the key players and stakeholders in the Building Energy Simulation Software Market?
What are the different segments and sub-segments considered in the Building Energy Simulation Software Market research study? 

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