Pune, India -- (SBWIRE) -- 03/27/2019 -- Building Analytics Market to Grow at 14.1% CAGR and Reach $19,655.7 Million by 2027 Led by Engie Insight, Environmental Systems, Acorn Engineering, Arup, AT Kearney, Buildingiq, Buildinglogix

This report studies the Building Analytics Market status and outlook of Global and major regions from insights of players, countries, product types and end industries. The report provides detailed analyses of the driving forces and opportunities, major market segments, top investment industry trends, key player positioning, and competitive landscape. This report analyzes the top players in global market and splits the market by product type and applications/end user industries.

This report focuses on the Building Analytics Market Size, Revenue, Share, status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Building Analytics development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).

Currently, the building analytics market penetration rates in Europe region is higher than any other markets across the globe. The European Union's Energy Efficiency Directive, launched in 2012 established a set of obligatory measures to aid the EU achieve its 20% energy efficiency target by 2020. The Directive requires all EU countries to use energy more efficiently throughout the energy chain i.e. from production to final consumption. Also, in 2016, an update to Energy Efficiency Directive was proposed, which included a new 30% energy efficiency target for 2030, as well as measures to meet the new target.

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In the EU, buildings accounts for around 40% of the total energy consumption and 36% of total CO2 emissions. Also, around 35% of the buildings in the EU are more than 50 years old and nearly 75% of the building stock is energy inefficient, although only 0.4-1.2% of the building stock is restored every year. Thus, more restoration of existing buildings has the prospective to lead to substantial energy savings. Such facts provides a prosperous opportunity to the building analytics market growth.

Browse market data tables and in-depth TOC of the Global Building analytics Market (2016–2025)
Building analytics Market to 2027 – Global Analysis and Forecast by Bond Type. In terms of revenue, the global building analytics market accounted for US$ 6,181.4 million in 2018 and is expected to grow at a CAGR of 14.1% over the forecast period 2019–2027, to account for US$ 19,655.7 million in 2027.

Some of the major companies operating in the market include 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.

The global building analytics market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Market is currently dominated by Europe followed by North America however, the market in APAC is growing at a highest CAGR.
The Insight Partners: energy management is the leading the application segment of the global building analytics market by 2027

The scope of study involves understanding on the factors responsible for this growth of building analytics market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant building analytics players in the market and their key developments.

There has been a noteworthy growth in deployment of numerous networked sensors in modern buildings for improving convenience, occupant comfort accessibility, as well as energy-efficient operations. These advancement in technologies hold the potential of substantial developments in fault diagnosis, and centralized operation and management.

Energy efficiency capability of any building is completely dependent on the way it is operated. Thus, energy management is the crucial element for efficient operation. The analysis of operation data helps in providing better understanding of the systems and to detect inefficiencies and faults. Building analysis helps facility managers to achieve energy efficiency by leveraging innovative visualizations and machine learning algorithms.

The energy management analytics provides several benefits, which includes, lower energy costs due to reduced energy consumption, lower maintenance costs due to efficient use of mechanical equipment, identification of opportunities with constant support & guidance for facility managers, enhanced occupant comfort, and autonomous measurement and authentication of energy conservation measures.

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Several building operators finds it difficult to understand optimal performance levels for a building's system. The analysis of the data collected from different equipment of a building helps the facility managers to create policies for controlling consumption and waste. These policies to control offers significant saving and complete understanding of the different systems within a building.

The report segments the Global Building Analytics Market as follows:

1.1.1 Global Building analytics Market – By Deployment Type
- Cloud Based
- On-premise

1.1.2 Global Building Analytics Market – By Component
- Software
- Service

1.1.3 Global Building Analytics Market – By Building Type
- Manufacturing Facilities
- Residential Building
- Commercial Building
- Public Places
- Government Building

1.1.4 Global Building Analytics Market – By Application
- Fault Detection & Monitoring Facilities
- Energy Management
- Security Management
- Emergency Management
- Parking Management
- Operations Management
- Network Management
- Others

1.1.5 Global Building Analytics Market – By Geography

- North America
o US
o Canada
o Mexico

- Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

- Asia Pacific (APAC)
o China
o Japan
o India
o Australia
o Rest of APAC

- Middle East & Africa (MEA)
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA

- South America (SAM)
o Brazil
o Rest of SAM
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Key Benefits of Buying this Research Study:
1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Building Analytics market
2. Highlights key business priorities in order to assist companies to realign their business strategies
3. The key findings and recommendations highlight crucial progressive industry trends in the Building Analytics market, thereby allowing players across the value chain to develop effective long term strategies
4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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