Automated Fault Detection and Diagnostics Market Forecast Report by 2027


Posted January 15, 2021 by pankajrathi

The increase in demand for saving time and valuable resources which expected to drives the automated fault detection and diagnostics market growth during this forecast period.
 
Automated Fault Detection and Diagnostics is an automated process of identifying faults with the help of physical systems for processing, monitoring, as well as diagnosing the faults. It can convert data into actionable insights by analyzing data from systems like building automation systems to determine operational inefficiencies and energy waste.

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Market Drivers
The increase in demand for saving time and valuable resources which expected to drives the automated fault detection and diagnostics market growth during this forecast period. Automated fault detection and diagnostics are generally integrated with other platforms or systems such as analytics platforms or building automation systems. These systems provide key performance indicator dashboards to building engineers and property managers. Furthermore, the increase in the adoption of cloud based platforms will positively influence the global automated fault detection and diagnostics market growth during this forecast timeline. Automated Fault Detection and Diagnostics solutions is creating opportunities which will increase the demand for automated fault detection and diagnostics market in near future.

Market Restraints
Lack of awareness about automated fault detection and diagnostics is the major restraint which expected to hamper the global automated fault detection and diagnostics market growth over the forecast period. Also, high installation cost may affect the market growth.

Market Key Players
Various key players are discussed in this report such as Schneider Electric, BuildingIQ, CopperTree Analytics, KGS Buildings, LLC, ICONICS, IBM Corporation, Yardi Systems, Inc, EnerNOC, Tridium, Inc, Connexx Energy, Inc, Flywheel, United Technologies Corp., TMG – Consulting Engineers, Inc, etc.

Market Taxonomy
By Component
• Software (on-premise and cloud)
• Services (Managed & Professional)
By Application
• Energy Savings
• Rooftop Studies
• Monitoring Equipment Health
• Facility Management
• Development of Performance Dashboards
• Others
By End User
• Building Automation
• Automotive
• Oil and Gas
• Energy and Utilities
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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Issued By qualiket research
Country India
Categories Business
Tags automated fault detection and diagnostics market
Last Updated January 15, 2021