Automated Fault Detection and Diagnostics Market Size, Outlook Trend, Application, Regional Analysis & Global Report Rate till 2027
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.
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.
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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.
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.
Automated Fault Detection and Diagnostics
Market Segmentation
The
Global Automated Fault Detection and Diagnostics Market is segmented into
Component such as software (on-premise and cloud), and services (Managed &
Professional), by application such as Energy Savings, Rooftop Studies,
Monitoring Equipment Health, Facility Management, Development of Performance
Dashboards, and Others. Further, market is segmented into End User such as
Building Automation, Automotive, Oil and Gas, Energy and Utilities, and Others.
Also, the
Global Automated Fault Detection and Diagnostics Market is segmented into five
regions such as North America, Latin America, Europe, Asia Pacific, and Middle
East & Africa.
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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