Building Analytics Market Size, Demand and Scope 2022, 2027

The global building analytics market was valued at US$ 6,181.4 million in 2018 and it is expected to grow at a CAGR of 14.1% between 2019 and 2027.

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.

The report focuses on an in-depth segmentation of building analytics market based on deployment type, component, building type, and application. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further segmented by respective countries. By application, energy management accounted for the largest share in the building analytics market in 2018. 

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Building Analytics Market: Strategic Insights

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The report aims to provide an overview of the global building analytics market with detailed market segmentation. Also, it analyzes the current building analytics market scenario and forecasts the market till 2027. The report covers market dynamics affecting the building analytics market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the building analytics market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the building analytics market along with their market strategies. The report also provides PEST along with the SWOT analysis for all company profiled in the report.

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. 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.

Building Analytics Market Regional Insights

The regional trends and factors influencing the Building Analytics Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Building Analytics Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Building Analytics Market Report Scope

Building Analytics Market Players Density: Understanding Its Impact on Business Dynamics

The Building Analytics Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Building Analytics Market are:

1. Schneider Electric
2. International Business Machines (IBM) Corporation
3. SkyFoundry
4. Environmental Systems, Inc.
5. ENGIE Insight Services Inc

Disclaimer: The companies listed above are not ranked in any particular order.

Some of the leading players operating in this market are (in alphabetic order) namely: 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.