Simulation and Energy Analysis Software Market - Overview

Building simulation and energy analysis predicts performance aspects of a building by creating a virtual replica, sufficiently accurate to form a suitable representation of the actual building. Simulation and energy analysis software is a system to quantitatively predict a building’s endurance. The building is built from its fundamental parts on a computer and simulation is carried out by taking that building through the weather conditions of an entire year.

Building simulation is broadly classified into two categories: load design and energy analysis. Load design is used to determine air conditioning load, volumetric air flow requirement, etc. Energy analysis is used to predict the monthly energy consumption, annual energy costs, and annual carbon dioxide emissions. Besides energy consumption, simulation software tools could be used to calculate indoor temperature, heating and cooling requirements, consumption needs of HVAC systems, levels of ventilation, etc.

Simulation and Energy Analysis Software Market – Drivers & Restraints

Investment in information technology by various industries and rise in demand for specialized software act as key drivers of the global simulation and energy analysis software market. Major advantage of simulation and energy analysis software is that one can perform “what-if” analysis and study the behavior of a system without building it for real. Key restraints of the market are high cost of building and conducting simulation, and requirement of special training as the simulation results can be misinterpreted by an under-trained personnel.

The simulation and energy analysis software industry needs to reduce its dependence on large players and increase or modify its offerings with the rapid technological transformations. Currently, the industry caters to established enterprises that can afford the high cost of the software and that demand high end services.

Simulation and Energy Analysis Software Market – Segmentation

Geographically, North America is projected to be the largest simulation and energy analysis software market in terms of revenue during the forecast period, followed by Europe and Asia Pacific. The simulation and energy analysis software market in Asia Pacific is anticipated to be grow at a rapid pace, dominated by emerging economies such as China and India. The simulation and energy analysis software market in South America is expected to witness sluggish growth and would take more time to adopt as compared to the rest of the world.

In terms of industry verticals, the global simulation and energy analysis software market can be segmented into automobile, research & development, electrical & electronics, aerospace & defense, industrial manufacturing, education, health care, and others. The others segment includes mining, construction, entertainment, and energy. The aerospace & defense segment is likely to experience strong growth during the forecast period. The aerospace & defense industry requires highly efficient computers to run the aerodynamic, thermal, and acoustic simulation software solutions to achieve the efficiency and performance as per industry standards while developing aircraft.

Based on application, the research & development segment is expected to account for major market share because of increase in awareness about the simulation and analysis technology for conducting research and development activities such as process optimization, innovations, and performance improvement.

Simulation and Energy Analysis Software Market - Drivers & Restraints

Major players in the global simulation and energy analysis software market are Altair Engineering, Inc., The AnyLogic Company, UW BERG, Energy Simulation Solutions Limited, SimScale GmbH, Autodesk, Inc., EnergySwift, Autodesk, Inc., DesignBuilder Software Ltd., EnergyPlus, Dassault Systemes, Siemens AG, ANSYS, Inc., and Bentley Systems, Incorporated.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Simulation Energy Analysis Software Market

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