Building Analytics
Building Analytics Market by Offerings (Services, Software), Deployment (Cloud, On-premises), Application, End-user - Global Forecast 2024-2030
360iResearch Analyst
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[186 Pages Report] The Building Analytics Market size was estimated at USD 9.01 billion in 2023 and expected to reach USD 10.09 billion in 2024, at a CAGR 13.13% to reach USD 21.38 billion by 2030.

Building Analytics refers to collecting, analyzing, and applying data from buildings to optimize operational efficiency, enhance occupant comfort, and ensure sustainability, involving the integration of IoT devices, sensors, and software tools to monitor and interpret data related to energy usage, temperature, lighting, and HVAC systems. The necessity for building analytics arises from the need for operational efficiency to reduce costs, predictive maintenance to decrease downtime, sustainability to minimize environmental impact, and regulatory compliance to meet energy and building standards. Applications span various sectors, including commercial real estate to enhance energy efficiency, healthcare facilities to maintain optimal conditions, educational institutions to create comfortable environments, and industrial complexes to optimize operational workflows. Market growth factors include the rise of smart cities, increasing energy costs emphasizing sustainability, and regulatory policies mandating energy-saving technologies. Challenges encompass high initial costs, technical complexity deterring non-technical facility managers, data privacy concerns, and lack of standardization, causing integration issues. Opportunities exist in integrating smart grid technology for seamless energy management, expanding into emerging economies, developing user-friendly platforms for non-technical personnel, enhancing data security to address privacy concerns, and collaborating with HVAC manufacturers for integrated solutions. Innovation areas include IoT integration, AI and machine learning for predictive analytics, energy storage solutions, user-centric applications, and developing sustainability metrics.

Regional Insights

The United States is significant in adopting building analytics due to its robust technological infrastructure, high energy costs, and regulatory frameworks. Similarly, Canada benefits from government policies aimed at reducing greenhouse gas emissions and energy costs, with urban areas adopting these technologies for sustainability and operational efficiency. In Europe, Germany's stringent energy efficiency standards drive the adoption of smart building technologies, while the United Kingdom and France emphasize energy efficiency and green building initiatives, particularly in cities such as London and Paris. The United Arab Emirates (UAE), especially cities such as Dubai and Abu Dhabi, rapidly adopted building analytics as part of smart city initiatives driven by extreme weather conditions requiring efficient energy management. China and Japan focus on sustainability and efficiency, with major urban centers. India sees growing adoption driven by urbanization and government initiatives.

In the United States, the Environmental Protection Agency (EPA) and Department of Energy (DOE) drive standards through programs such as Energy Star and LEED certification. Regulatory requirements in the European Union (EU), including the Energy Performance of Buildings Directive (EPBD) and near Zero-Energy Building (nZEB) standards, mandate energy efficiency improvements.

Building Analytics Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Building Analytics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Increasing focus on energy efficiency and sustainable building practices
    • Stringent building codes and regulations
    • Rise in construction of smart buildings worldwide
  • Market Restraints
    • High cost of implementation of building analytics solution
  • Market Opportunities
    • Technological advancements in building analytics solutions
    • Integration of predictive maintenance algorithms in building analytics systems
  • Market Challenges
    • Complexity in integration and data privacy issues
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Building Analytics Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Building Analytics Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Building Analytics Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the Building Analytics Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the Building Analytics Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Building Analytics Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Building Analytics Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Building Analytics Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the Building Analytics Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the Building Analytics Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

Using the Building Analytics Market Research Report from 360iResearch, we were able to increase our focus on energy efficiency and sustainable building practices. Before leveraging this report, we struggled with optimizing our energy consumption patterns and integrating sustainable strategies effectively. The comprehensive insights and actionable strategies provided by the report enabled us to identify key improvement areas and implement best practices swiftly. As a result, we have seen a significant reduction in our energy costs and an enhancement in building performance. Overall, this report has positively impacted our operations, making Schneider Electric SE more energy-efficient and sustainable.
Schneider Electric SE
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FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Building Analytics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Building Analytics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Building Analytics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Before using the 360iResearch Building Analytics Market Research Report, navigating stringent building codes and regulations was a significant challenge for us. The report provided valuable insights and actionable strategies that were instrumental in overcoming these hurdles. We gained a clear understanding of market trends, enabling us to optimize our operations. Specific findings from the report allowed us to enhance compliance and efficiency, resulting in substantial operational benefits. Overall, our satisfaction with the report is immense, as it has positively transformed our approach and improved our organization's performance.
Clockworks Analytics
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Key Company Profiles

The report delves into recent significant developments in the Building Analytics Market, highlighting leading vendors and their innovative profiles. These include Schneider Electric SE, Clockworks Analytics, Attune, Verdigris Technologies, Inc., IBM Corporation, NV5 Global, Inc., Siemens AG, General Electric Company, Johnson Controls International plc, ICONICS, Inc., PointGrab Inc., Lucid Analytics AG, Leaftech GmbH, Crestron Electronics, Inc., Delta Electronics, Inc., SETEC Group, Carrier Global Corporation, GridPoint Inc., CopperTree Analytics, BuildingIQ, BuildingLogiX, ENGIE Insight Services Inc., and CIM Environmental Pty. Ltd..

Building Analytics Market - Global Forecast 2024-2030
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Market Segmentation & Coverage

This research report categorizes the Building Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Offerings
    • Services
      • Consulting
      • Managed Services
      • Professional Services
      • Support & Maintenance
    • Software
  • Deployment
    • Cloud
    • On-premises
  • Application
    • Elevators & Escalators Management
    • Emergency Management
    • Energy Management
    • Fault Detection & Monitoring
    • Network Management
    • Operations Management
    • Security Management
  • End-user
    • Commercial
    • Industrial
    • Residential

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

Before discovering the Building Analytics Market Research Report by 360iResearch, we at Attune struggled to keep up with the rapid rise in construction of smart buildings worldwide. This comprehensive report equipped us with valuable insights and actionable strategies, directly addressing our pain points. By leveraging its detailed findings, we optimized our resource allocation and improved project efficiency. The report's strategic guidance has positively impacted our operations, and we couldn't be more satisfied.
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This research report offers invaluable insights into various crucial aspects of the Building Analytics Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Building Analytics Market, by Offerings
  7. Building Analytics Market, by Deployment
  8. Building Analytics Market, by Application
  9. Building Analytics Market, by End-user
  10. Americas Building Analytics Market
  11. Asia-Pacific Building Analytics Market
  12. Europe, Middle East & Africa Building Analytics Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 472]
  17. List of Companies Mentioned [Total: 23]
Analyzing the Scope of Building Analytics in Smart Construction
October 15, 2023
Analyzing the Scope of Building Analytics in Smart Construction
Smart buildings are on the rise worldwide, and this has given way to the conception of building analytics. The rise in demand for sustainable building design is leading to the increase and integration of advanced technologies like building analytics, improving energy efficiency and sustainability. Building analytics can provide real-time monitoring of building systems, enabling smart and predictive maintenance measures, directing building resources, and automating everyday building tasks for building operators. With the increasing number of smart building constructions worldwide, it is essential to analyze the scope of building analytics in managing the performance and sustainability of smart buildings from the development stage itself.

Building Analytics: Definition, Benefits, and Applications:

Building Analytics is a tool that monitors and controls the performance of systems and devices in a building. Analytics are utilized to monitor and analyze different systems, including HVAC systems, lighting, water control, power consumption, fire alarms, security systems, and occupancy. These systems are monitored and controlled, providing real-time information that enables predictive maintenance and energy management. Building analytics applications include energy management, monitoring of system performance, equipment maintenance, real-time insight into system failures, and optimizing operational and maintenance workflows.

Scope of Building Analytics:

With smart building construction on the rise, building analytics paves the way for smart management of systems and devices right from the development phase. Building analytics scope includes situational awareness, real-time monitoring, predictive diagnostics, energy efficiency, and performance analysis. Building analytics analyzes data in real-time, providing insights that are beneficial in building design, right from energy performance analysis to optimizing equipment performance.

Building Analytics in Construction:

Building Analytics can also be used in construction on-site for effective monitoring of construction processes and post-occupancy monitoring of a building’s operations. The use of analytics in construction provides effective management of construction processes, tracking for safety, workforce management, material identification and usage, automated safety monitoring, and tracking of license violations. In post-occupancy building analytics management, advanced analytics drive smart applications that optimize energy consumption, bring down operational costs, optimize HVAC systems for thermal comfort, and improve lighting according to the occupant’s needs.

Implementation of Building Analytics:

Building analytics can be implemented in the construction phase by smart building solution providers, building management firms, or developers. However, the cost associated with building analytics implementation may differ based on the size, complexity, and number of systems being monitored. Building analytics implementation can also rely on the specific requirement and design of a building, the type of system monitored, and manual or fully automated monitoring processes.

With smart building construction rising worldwide, the implementation of building analytics in construction processes is a key element in ensuring that smart buildings are designed, built, and maintained sustainably. Building analytics not only monitors but also provides insight into the performance of building systems and devices, providing a comprehensive view of the building’s day-to-day operations. With predictive maintenance and real-time monitoring, building analytics reduces operational costs, optimizes energy efficiency, and manages a building’s sustainability. The scope of building analytics varies depending on a building’s specific requirements, but implementing it can improve the overall performance of buildings while aligning with global sustainability goals.

Frequently Asked Questions
  1. How big is the Building Analytics Market?
    Ans. The Global Building Analytics Market size was estimated at USD 9.01 billion in 2023 and expected to reach USD 10.09 billion in 2024.
  2. What is the Building Analytics Market growth?
    Ans. The Global Building Analytics Market to grow USD 21.38 billion by 2030, at a CAGR of 13.13%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
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    Ans. We are approaching our 7th anniversary in 2024!
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