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Building Optimization and Commissioning - Global Industry Analysis 2023

01-09-2017 02:37 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

Building Optimization and Commissioning - Global Industry

Growth in the development of energy efficient buildings coupled with the advancement in engineering and designing technology can have direct implications on the building optimization and commissioning market. Rise in global spending capacity has also proved to be beneficial for the companies engaged in providing building optimization services.

The building optimization and commissioning services helps the industrial and commercial facilities to improve existing systems and provide an energy efficient building. The building optimization and commissioning services are generally provided by the engineering companies, who perform the manual or automatic real time testing of the different parameters. The automatic testing is done by the use of special software that monitors and presents a real time analysis of data generated by building control systems. The companies also offer retro-commissioning services that include a systematic evaluation of electrical and mechanical systems.

The market for building optimization and commissioning services can be fragmented on the basis of types of services offered by companies and geography. Services offered by the companies present in building optimization and decommissioning market include set point adjustments, senor calibrations, airflow adjustments, static pressure correction and reset modifications. The reset modifications include outdoor air reset, hot water reset and supply air temperature reset. Presently, new software based building optimization and commissioning services have started to replace the old manual testing services. Software provides a continuous stream of data enabling user to monitor and analyze different parameters. Software communicates with the building management system using a control interface. These companies also provide building energy optimization or power optimization services that deals with monitoring, analyzing and controlling the energy consumption of a building.

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The regional segmentation of the building optimization and commissioning services market include countries such as the United States and Canada in North America; Australia, China South Korea, Japan and Taiwan in Asia Pacific; Germany, France, Spain, and the United Kingdom in Europe; Saudi Arabia, Qatar, Oman, Kuwait, Iran and South Africa in Middle East and Africa. The Rest of the World segment includes Latin American countries such as Brazil and Argentina. High per capita income in countries such as Japan, Germany, South Korea and France coupled with the presence of engineering companies in these regions has led to the growth of building optimization and commissioning services.

Increased in per capita income, increasing awareness about building optimization and commissioning services and advancement in designing and construction technologies are the major drivers for the building optimization and commissioning services market. Moreover, the financial benefits achieved through the use of building optimization are another factor driving the building optimization market. Requirement of additional expenditure on acquiring such services is one of the major restraints to the market. Furthermore, the lack of companies offering building optimization and commissioning services can also be counted as a restraint to the market. Expected increase in the global construction activities as a result of increasing population is oe of the major opportunity for the companies involved in providing building optimization and commissioning services.

Building optimization and commissioning is still a niche market with only a limited number of layers. Some of the players in global building optimization and commissioning services market include companies such as AECOM, Eaton Corporation, IBM, Schneider Electric and Siemens Building Technologies.

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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