Increasing Energy Demand Driving Growth Of Smart Meter Data Management Market Emerges as a Core Driver of the Building Energy Simulation Software Market in 2025

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What Is the Expected CAGR for the Building Energy Simulation Software Market Through 2025?
The market size of the building energy simulation software has shown rapid expansion in recent years. Its growth is estimated to rise from $5.85 billion in 2024 to $6.62 billion in 2025, representing a compound annual growth rate (CAGR) of 13.1%. Factors contributing to the growth during the historic period include increasing smart city projects, greater demand for sustainable construction techniques, a surge in requirements for sustainable and energy-efficient solutions, growing adoption of IoT and Smart Building technologies, and retrofitting of already existing structures.

What's the Projected Size of the Global Building Energy Simulation Software Market by 2029?
Over the following few years, the market for building energy simulation software is expected to observe a swift expansion. With a 12.5% compound annual growth rate (CAGR), this market is predicted to reach a value of $10.59 billion by 2029. This upsurge during the forecast period can be ascribed to numerous factors including government rules and guidelines for energy conservation, advancements in building information modeling (BIM) and simulation technologies and evolution of net-zero building regulation. The rising cognizance of environmental implications and government mandates to limit carbon emissions also play significant roles. The projection period is set to see major trends like artificial intelligence (AI) and machine learning (ML) integration, conjunction with Building Information Modeling apparatus, assimilation with Augmented Reality (AR) and Virtual Reality (VR) and an overarching integration with the Internet of Things (IoT) and Building Information Modeling (BIM).

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Top Growth Drivers in the Building Energy Simulation Software Industry: What's Accelerating the Market?
The anticipated surge in energy necessity is predicted to fuel the expansion of the building energy simulation software market. With cities becoming the epicenters for power-dependent functions such as transportation, heating, cooling, and utilization of electronic gadgets, the demand for energy escalates. By offering vital information on consumption tendencies and facilitating well-informed decision-making processes, building energy simulation software assists in maximizing power usage and enhancing grid efficiency. As per the Energy Information Administration, a governmental agency based in the US, the primary energy consumption in the United States was noted at 100.4 quadrillion British thermal units (quads) in 2022, which marks a 3% escalation from the previous year, 2021. Therefore, the increasing energy demand is catalyzing the expansion of the building energy simulation software market.

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What Trends Will Shape the Building Energy Simulation Software Market Through 2029 and Beyond?
Significant businesses in the building energy simulation software market are innovating with technologies like hybrid compilers (HyCo) to improve the precision and efficiency of energy modelling, enhance the energy performance of building designs, and facilitate real-time evaluation of energy usage patterns. A hybrid compiler (HyCo) is an innovative method that amalgamates different modelling techniques to boost energy simulation efficiency and accuracy in building designs. For instance, Renesas Electronics, a semiconductor manufacturing company based in Japan, introduced the AI Workbench in December 2023. The AI Workbench is devised to enable automotive AI engineers by offering an all-encompassing virtual environment for designing, simulating, and refining their software directly on the cloud. This platform takes advantage of services provided by Microsoft Azure, granting engineers access to robust tools without the requirement for local installations or physical evaluation boards.

What Are the Main Segments in the Building Energy Simulation Software Market?
The building energy simulation softwaremarket 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

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Which Top Companies are Driving Growth in the Building Energy Simulation Software Market?
Major companies operating in the building energy simulation software market are Siemens AG, Dassault Systèmes, Honeywell International Inc., GE Vernova Inc., Schneider Electric, Johnson Controls International plc, Carrier Corporation, Trane Technologies plc, Harbinger Group Inc., Autodesk Inc., Trimble Inc., UL Solutions, Integrated Environmental Solutions (IES) Ltd., ANSYS Inc., Bentley Systems Incorporated, Aurora Solar Technologies Inc., WeaveGrid Inc., EnergyCAP LLC., GARD Analytics, DesignBuilder Software Ltd., EnergyPlus, EnergySoft LLC, Batia Construction Company, Carmel Software Corporation., Equest Software Inc.

Which Regions Will Dominate the Building Energy Simulation Software Market Through 2029?
North America was the largest region in the Building Energy Simulation Software market in 2024. 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.

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