Dublin, Dec. 18, 2018 (GLOBE NEWSWIRE) -- The "Building Analytics Market by Application (Fault Detection and Monitoring, Energy Management, Emergency Management, Security Management), Component (Software and Services), Deployment Mode, Building Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
Increasing demand for energy-efficient systems and growing focus on decreasing operational cost are the major driving factors for the global building analytics market
The global building analytics market size is expected to grow from USD 5.94 billion in 2018 to USD 11.10 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.3% during the forecast period.
Major growth factors for the market include an increased demand for energy-efficient systems and a growing focus on decreasing operational cost. However, high cost of implementation may limit the market growth, and the growing impact of IIoT deployment could be challenge to the market growth.
Energy management application to hold the largest market size in 2018
The energy management application is expected to dominate the overall building analytics market in terms of share and growth rate, as it is predominantly finding its use in all building facilities to reduce excessive energy consumption across premises. Moreover, it enhances the comfort level of humans and increases the life and performance of equipment.
The HVAC systems and lighting control systems are major consumers of energy, hence the use of building analytics solution helps in analyzing the data generated from various equipment and facility systems and accelerate the equipment performance across the facility.
APAC to record the highest growth rate during the forecast period
The building analytics market in Asia Pacific (APAC) is gaining momentum and is expected to record the highest growth rate during the forecast period. Vendors in APAC are investing in R&D activities in an effort to provide technologically advanced building analytics solutions.
The rapid modernization and increase in construction activities in the APAC region have accelerated the growth of automatic centralized control of the HVAC systems installed in the buildings, ultimately leading to the growth of the building analytics market in APAC.
Major growth drivers for the APAC building analytics market include high economic growth in the major countries in the region. In addition, major economies in APAC, such as Japan, China, India, and Singapore are leading in terms of adoption of the building analytics solution.
Key Topics Covered
1 Introduction
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Building Analytics Market
4.2 Market Regional Analysis
4.3 Investment Opportunities in the Market
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Demand for Energy-Efficient Systems
5.2.1.2 Decreasing Operational Cost
5.2.2 Restraints
5.2.2.1 High Cost of Implementation
5.2.3 Opportunities
5.2.3.1 Government Initiatives and Incentives
5.2.3.2 Growing Adoption of Cloud-Based IoT Platforms
5.2.4 Challenges
5.2.4.1 Lack of Awareness About Building Analytics Solutions
5.3 Industry Trends
5.4 Building Analytics: Use Cases
5.4.1 Use Case #1: Minimizing Energy Cost and Consumption
5.4.2 Use Case #2: Managing and Improving Asset Life Cycle
5.5 Regulations
5.5.1 BacnetA Data Communication Protocol for Building Automation and Control Networks
5.5.2 Knx
5.5.3 Digital Addressable Lighting Interface (DALI)
5.5.4 EU General Data Protection Regulation (GDPR)
5.5.5 Modbus
5.5.6 Cloud Standard Customer Council (CSCC)
5.6 Ecosystem
6 Building Analytics Market, By Application
6.1 Introduction
6.2 Fault Detection and Monitoring
6.3 Energy Management
6.3.1 Heating, Ventilation, and Air Conditioning Control Systems Management
6.3.2 Lighting Control Systems Management
6.4 Security Management
6.4.1 Video Surveillance
6.4.2 Access Control
6.5 Emergency Management
6.6 Parking Management
6.6.1 Parking Fee and Revenue Management
6.6.2 Parking Reservation Management
6.6.3 Parking Guidance and Slot Management
6.7 Operations Management
6.8 Elevators and Escalators Management
6.9 Network Management
6.10 Others
7 Building Analytics Market, By Component
7.1 Introduction
7.2 Software
7.3 Services
7.3.1 Managed Services
7.3.2 Professional Services
7.3.2.1 Consulting
7.3.2.2 Support and Maintenance
8 Market By Deployment Mode
8.1 Introduction
8.2 On-Premises
8.3 Cloud
9 Building Analytics Market, By Building Type
9.1 Introduction
9.2 Manufacturing Facilities
9.3 Residential Buildings
9.4 Commercial Buildings
9.5 Public Places
9.6 Government Buildings
9.7 Others
10 Building Analytics Market, By Region
10.1 Introduction
10.2 North America
10.2.1 By Application
10.2.2 By Component
10.2.3 By Deployment Mode
10.2.4 By Building Type
10.2.5 By Country
10.2.5.1 United States
10.2.5.2 Canada
10.3 Europe
10.3.1 By Application
10.3.2 By Component
10.3.3 By Deployment Mode
10.3.4 By Building Type
10.3.5 By Country
10.3.5.1 United Kingdom
10.3.5.2 Germany
10.3.5.3 France
10.3.5.4 Rest of Europe
10.4 Asia Pacific
10.4.1 By Application
10.4.2 By Component
10.4.3 By Deployment Mode
10.4.4 By Building Type
10.4.5 By Country
10.4.5.1 Japan
10.4.5.2 China
10.4.5.3 Singapore
10.4.5.4 India
10.4.5.5 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 By Application
10.5.2 By Component
10.5.3 By Deployment Mode
10.5.4 By Building Type
10.5.5 By Country
10.5.5.1 United Arab Emirates
10.5.5.2 Kingdom of Saudi Arabia
10.5.5.3 South Africa
10.5.5.4 Rest of Middle East and Africa
10.6 Latin America
10.6.1 By Application
10.6.2 By Component
10.6.3 By Deployment Mode
10.6.4 By Building Type
10.6.5 By Country
10.6.5.1 Mexico
10.6.5.2 Brazil
10.6.5.3 Rest of Latin America
11 Competitive Landscape
11.1 Overview
11.2 Prominent Players in the Building Analytics Market
11.3 Competitive Scenario
11.3.1 New Product Launches and Product Upgradations
11.3.2 Partnerships, Collaborations and Agreements
11.3.3 Business Expansions
11.3.4 Acquisitions
12 Company Profiles
12.1 Schneider Electric
12.2 Johnson Controls
12.3 IBM
12.4 Honeywell
12.5 Siemens
12.6 General Electric
12.7 Buildingiq
12.8 Iconics
12.9 Coppertree Analytics
12.10 Delta Electronics
12.11 Enernoc
12.12 Buildpulse
12.13 Engie Insight
12.14 Gridpoint
12.15 Ecovox
12.16 Buildinglogix
12.17 Crestron Electronics
12.18 Energy Advantage
12.19 Lucid
12.20 Noveda Technologies
12.21 Senseware
12.22 Pointgrab
12.23 KGS Buildings
12.24 Verdigris
12.25 Lutron Electronics
For more information about this report visit https://www.researchandmarkets.com/research/95gscs/opportunity?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.