Future Outlook of the Building Energy Simulation Software Market: Growth, Trends, and Emerging Opportunities Explored
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What is the Expected Growth Rate of the Building Energy Simulation Software Market Based on Industry Projections?
The market size for building energy simulation software has seen a swift expansion in the past few years. Estimates project it to rise from $5.85 billion in 2024 to $6.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 14.0%. This historical growth can be credited to the proliferation of smart city initiatives, the requirement for sustainable construction methodologies, the demand for energy-efficient and sustainable solutions, increasing implementation of IoT and Smart Building technologies, and the renovation of current structures.
In the coming years, the market size for building energy simulation software is projected to experience significant growth, expanding to a value of $11.14 billion in 2029 at a compound annual growth rate (CAGR) of 13.7%. Factors driving this growth during the forecast period include government regulations and policies promoting energy efficiency, advancements in building information modeling (BIM) and simulation technologies, the development of net zero energy buildings, growing environmental consciousness and government rules to cut carbon emissions. Major trends expected to shape the forecast period are the integration of artificial intelligence (AI) and machine learning (ML), amalgamation with Building Information Modeling tools, integration with Augmented Reality (AR) and Virtual Reality (VR), integration with Internet of Things (IoT), and the conjunction of Building Information Modeling (BIM) with Internet of Things (IoT).
Which Primary Drivers Are Supporting the Continued Expansion of the Building Energy Simulation Software Market?
The projected rise in energy requirements is set to boost the expansion of the building energy simulation software market. As cities evolve into the nerve centers of power-intensive operations such as transportation, heating, cooling, and electronic device utilization, the need for energy surges. Building energy simulation software plays a crucial role in maximizing energy efficiency and enhancing grid effectiveness by offering significant insights into consumption trends and facilitating informed decision-making. For example, in 2022, the Energy Information Administration, a US-based government entity, reported that the primary energy consumption in the United States stood at 100.4 quadrillion British thermal units (quads), which represents a 3% rise from 2021. Thus, the growing energy requirements are propelling the development of the building energy simulation software market.
Request Your Free Building Energy Simulation Software Market Report Sample Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=15318&type=smp
What Companies Are At the Forefront of Innovation in the Building Energy Simulation Software Market?
Major companies operating in the building energy simulation software market are:
• Siemens AG_x000D_
• Dassault Systèmes_x000D_
• Honeywell International Inc._x000D_
• GE Vernova Inc._x000D_
• Schneider Electric_x000D_
How Are Emerging Trends in Consumer Behavior Affecting the Building Energy Simulation Software Market?
Numerous key players in the building energy simulation software landscape have been exploring technologies such as hybrid compilers (HyCo) to boost the efficiency and precision of energy modelling, refine building blueprints for energy efficacy, and facilitate instantaneous evaluation of energy usage trends. Hybrid Compiler (HyCo) blends differing modeling strategies aimed at escalating the precision and effectiveness of energy simulations used in building design. For instance, in December 2023, Renesas Electronics, a firm headquartered in Japan that specializes in semiconductor manufacturing, premiered the AI Workbench. The AI Workbench is structured to assist automotive AI engineers by presenting a unified virtual platform where they may design, simulate, and tweak their software directly within the cloud. The aforementioned platform takes advantage of Microsoft Azure services, allowing engineers to utilize potent tools without necessitating local installations or tangible evaluation boards.
Pre-order Your Report for Quick and Easy Delivery!
What Are the Core Segments of the Building Energy Simulation Software Market, and How Do They Contribute to Growth?
The building energy simulation software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Model: On-Premise, Cloud-Based
3) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By End-User Industry: Architecture And Construction, Government And Defense, Automotive And Transportation, Manufacturing And Engineering, Other End Users
Subsegments:
1) By Software: Building Energy Modeling Software, Hvac Simulation Software, Lighting Simulation Software, Renewable Energy Simulation Software, Energy Efficiency Software, Building Performance Simulation Software
2) By Services: Installation And Integration Services, Consulting And Advisory Services, Training And Support Services, Maintenance And Upgrades Services, Customization Services
What Regions Are Propelling Growth in the Building Energy Simulation Software Industry?
North America was the largest region in the Building Energy Simulation Software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the building energy simulation software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Building Energy Simulation Software Market Categorized and Defined in the Industry?
Building energy simulation software refers to the specialized computer programs designed to model and simulate the energy performance of buildings. These software solutions utilize algorithms and data inputs to analyze factors such as building design, materials, heating, Ventilation, Air Conditioning (HVAC) systems, and environmental conditions to optimize energy efficiency and inform decision-making in construction and retrofit projects.
Browse Through More Similar Reports By The Business Research Company:
Services to Buildings And Dwellings Global Market Report 2024
Solar Energy Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/solar-energy-global-market-report
Ship Building Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/ship-building-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
