Simulation and Energy Analysis Software Market Development History, Current Analysis and Estimated Forecast

Growth Prospects and Emerging Trends

Simulation and Energy Analysis Software Market Development History, Current Analysis and Estimated Forecast

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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.

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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

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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.

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