Beyond Customary Energy and Cost Saving Advantages, both 'Hard' and 'Soft' Benefits Extend Immense Growth Opportunities in Building Analytics Market; Growth Trajectory projected at Stellar ~15% CAGR from 2021 - 2031 - TMR - Seite 3

Artificial intelligence and machine learning are some other next-gen technologies used in the construction sector integrated into building analytics systems. With the exponential growth of the construction sector, the building analytics market is at gains.

Need to Optimize Energy for Sustainability fuels Growth

Building analytics systems help to obtain insightful data to optimize the energy performance of a facility and eliminate any undue use. This further helps to lower energy cost, improve equipment life, and comfort of occupants of the facility. Meanwhile, data for building analytics is obtained using a gamut of processes, including building management systems, Internet of Things edge devices, networked sensors, and integrated workplace management systems.

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Building Analytics Market – Growth Drivers

• Need to interpret and review information collected from smart building technologies and smart building analytics to attain best efficiency and productivity of HVAC systems and security systems of buildings fuels growth.
• Besides maintenance and upkeep, the requisites to monitor inside temperatures of modern buildings for the comfort of occupants, which involves deployment of advanced lifecycle managed services, indirectly translates into demand.

Building Analytics Market – Key Players

• Carrier Corporation
• BuildingIQ
• CIM Environmental Pty Ltd
• Crestron Electronics Inc.
• Eaton Corporation plc
• General Electric Company
• Honeywell International Inc.
• ICONICS Inc.
• Lutron Electronics Co. Inc.
• Schneider Electric SE
• 4M S.A.
• BuildingLogiX
• CopperTree Analytics Inc.
• Delta Electronics Inc.
• EnergyCAP Inc.
• GridPoint
• IBM Corporation
• Johnson Controls International Plc.
• PointGrab Inc.
• Siemens AG

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