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Building Analytics Market Trends

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Report ID: 3258
Published Date: Sep 18, 2024
Report Format: PDF, PPT

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Building Analytics Market Trends

Growth Drivers

Government Initiatives to Promote Energy Optimization
Growing Penetration of Cloud-based IoT Services
Increasing Emergence of Smart Buildings

Challenges

Lack of Awareness About Building Analytics Software
High Cost of Implementation

Building Analytics Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	7.2%
Base Year Market Size (2023)	USD 11.33 billion
Forecast Year Market Size (2036)	USD 27.97 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Building Analytics Market Size & Share, Growth Trends 2036

Author Credits: Abhishek Verma

Report ID: 3258
Published Date: Sep 18, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand for energy efficiency and government initiatives to promote energy optimization are the key factors driving market growth.

The market is anticipated to attain a ~13.5% CAGR over the forecast period, i.e., 2022-2030.

High cost of implementation is a major challenge that is estimated to hamper the market growth.

The market in the Asia Pacific region will provide ample growth opportunities owing to the increasing demand for energy in developing countries, backed by infrastructural growth.

The major players dominating the building analytics market are NOVEDA Technologies, Inc., PointGrab Inc., BuildingIQ, GridPoint, Inc., SitelogIQ, Delta Electronics, Inc., Crestron Electronics, Inc., Enel X North America, Inc., and others.

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