BUILDING ENERGY SIMULATION SOFTWARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Building energy simulation software allows architects and engineers to assess the energy performance of buildings and understand how efficiently a building will utilize energy resources. It helps in designing sustainable and energy-efficient structures by evaluating lighting, heating, cooling, ventilation, and other building systems virtually. These simulation tools estimate annual energy consumption and costs of a building and its various components such as envelope, construction materials used, and heating, ventilation, and air conditioning (HVAC) systems, through continuous thermal analysis. They identify areas where design can be improved to optimize energy efficiency early in the design process itself, thus avoiding costly mistakes. With growing environmental concerns and stringent government regulations towards green buildings, the demand for building energy simulation is rising globally.

Market Dynamics:

The global building energy simulation software market is driven by the need for sustainable construction practices and retrofitting of existing buildings. Stringent energy efficiency standards by governments worldwide regarding new commercial buildings have also pushed the adoption of such software. However, high costs of specialized simulation tools and dearth of expertise to use these tools effectively are limiting the market growth. Key players are focusing on developing affordable and user-friendly solutions with advanced capabilities to address these challenges and tap opportunities. The development of cloud-based offerings and the integration of AI/ML functionalities providing optimization and automation are also expanding the addressable market for building energy simulation globally.

Key Features of the Study:

• This report provides an in-depth analysis of the global building energy simulation software market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global building energy simulation software market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Autodesk, IES, Bentley Systems, Dassault Systèmes, EnergyPlus, and others
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global building energy simulation software market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global building energy simulation software market

Detailed Segmentation:

• By Component:
• • Software
  • Services
  • Others
• By Application:
• • Commercial Buildings
  • Residential Buildings
  • Government Buildings
  • Others
• By End-use Industry:
• • Architecture & Construction
  • Government & Defense
  • Automotive & Transportation
  • Manufacturing & Engineering
  • Others
• By Deployment Model:
• • On-premise
  • Cloud-based
• By Organization Size:
• • SMEs
  • Large Enterprises
• By Region
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Top Companies in the Building Energy Simulation Software Market
• • Autodesk, Inc.
  • IES (Integrated Environmental Solutions)
  • Bentley Systems
  • Dassault Systèmes
  • EnergyPlus
  • CYPE Software
  • DesignBuilder Software
  • IESVE (IES Virtual Environment)
  • Carrier
  • eQUEST
  • Trane Technologies
  • IES TaP
  • IES SCAN
  • Trimble
  • EnergySoft