Building analytics market trends
Contents |
[edit] Introduction
Building analytics are used for enhancing building infrastructure in terms of energy, comfort and overall operations. Generally, building analytics are used for advanced life cycle managed services that deliver automated fault detection, diagnosis and real-time performance monitoring..
With rapid urbanisation and industrialisation, the need for construction is on the rise, and this is driving the global building analytics market. In addition, companies are rapidly developing user friendly solutions, which could increase demand for building analytics solutions.
[edit] Efficiency
There is a trend towards making large commercial buildings more responsive, energy efficient and easy to maintain. Various organisations have introduced new technologies and innovation to enhance building analytics solutions. Building analytics technology can also play a role in enhancing the architecture, engineering and construction (AEC) industry. Analytics services may help to enhance decision making in existing business processes.
[edit] Global growth
Countries around the globe have become proactive in adopting new technology. Due to the penetration of business intelligence among developing countries, demand for building analytics solutions is increasing rapidly. A number of countries around the world are starting to realise the importance of building analytics technology and are developing their own capability.
Governments and vendors are willingly investing in technologies in construction services, primarily engineering and architecture, and vendors need to keep up with developments in order to maintain their competitiveness.
An increase in adoption of smart building and cloud computing technologies is supplementing the growth of the building analytics market. However, the need for additional expenditure in order to adopt building analytics services is expected to hamper the building analytics market.
Lack of awareness for building analytics is one of the restraints of the market. Nevertheless, with a significant rise in the population across the globe, construction activities are estimated to increase substantially. This is projected to create potential growth opportunities for the building analytics market in the coming years.
Major players operating in the building analytics market are Schneider Electric, General Electric Company, IBM Corporation, Siemens, Honeywell, Johnson Controls, Lucid, EnerNOC, BuildingIQ, Senseware, KGS Buildings, ENGIE Insight, BuildingLogiX and Lutron Electronics.
[edit] Related articles on Designing Buildings Wiki
Featured articles and news
Electrical contractors welcome crackdown on late payment and push for clean energy.
Cyber Security in the Built Environment
Protecting projects, data, and digital assets: A CIOB Academy TIS.
Managing competence in the built environment
ITFG publishes new industry guide on how to meet the ICC principles.
The UK's campaign to reduce noise pollution: Mythbusting, articles and topic guides.
Setting Expectations on Competence Management
Industry Competence Committee.
New Scottish and Welsh governments
CIOB stresses importance of construction after new parliament elections.
The sad story of Derby Hippodrome
An historic building left to decay.
ECA, JIB and JTL back Fabian Society call to invest in skills for a stronger built environment workforce.
Women's Contributions to the Built Environment.
Calls for the delayed Circular Economy Strategy
Over 50 leading businesses, trade associations and professional bodies, including CIAT, and UKGBC sign open letter.
The future workforce: culture change and skill
Under the spotlight at UK Construction Week London.
A landmark moment for postmodern heritage.
A safe energy transition – ECA launches a new Charter
Practical policy actions to speed up low carbon adoption while maintaining installation safety and competency.
Frank Duffy: Researcher and Practitioner
Reflections on achievements and relevance to the wider research and practice communities.
The 2026 Compliance Landscape: Fire doors
Why 'Business as Usual' is a Liability.
Cutting construction carbon footprint by caring for soil
Is construction neglecting one of the planet’s most powerful carbon stores and one of our greatest natural climate allies.