Simulation and Energy Analysis Software Market-Rise In Demand For Specialized Software

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.

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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.

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