BSRIA is delighted to report that the world building automation and control systems market is expected to be worth just over US$26 bn by 2019, according to its World Market Intelligence (WMI) recently published report – 2015 World Building Automation and Control Systems (BACS) study.
The 2015 BSRIA WMI BACS study reveals that currently there are a small, but growing number of BACS systems with data analytics/Building Energy Management Systems (BEMS) across all geographical areas. There is a slow trend of BACS data analytics/BEMS migrating to the Cloud. The IT industry is also slowly entering the data analytics/BEMS market.
In some countries, the role of system integrators and control contractors has become more important whereas in other countries, manufacturers are increasingly providing value-added service directly.
BSRIA’s manager for energy and smart technologies, Jeremy Towler said: “Research in North America shows that some independent contractors and system integrators exclusively focus on a single brand. In Europe value-add and service is increasing its role due to energy saving, dominated by specialist installers (except in Spain, Italy and Turkey). In China and India this segment is dominated by independent system integrators / contractors. The situation is similar in Middle East & Africa, where small independent system integrators are competing with some large system integrators in this growing segment.
The Total World BACS market is expected to grow by almost 4 per cent per annum to account for just over US$26 bn in 2019.
The growth of the BACS market in BRIC countries has slowed down, mainly due to falling oil prices, as well as political-economic developments. The previously well-performing Brazilian economy and construction market (leading up to the Rio 2016 Summer Olympic Games) led to a good performance of the BACS market in 2014; nevertheless, the economic recession and the corruption scandals affecting the construction market are expected to have a negative impact on the BACS segment at least until 2017.
The Total World BACS market saw an annual growth rate of 2.7 per cent between 2012 and 2014 to reach US$21.8 bn. Products account for around a third, with value-add for 44 per cent and service & maintenance for the rest. North America accounts for 26 per cent of the BACS product market, while Europe’s share is 38 per cent (including Turkey and Russia). Asia-Pacific (including China and India) account for around 20 per cent, leaving the share of Middle East & Africa at around 15 per cent.
The BACS markets of the remaining three members of the BRIC country group (Russia, India and China), alongside Turkey, Saudi Arabia and UAE are predicted to grow the fastest in the next five years.
This new report has been compiled through findings from face-to-face and telephone interviews with key world-wide industry contacts across 17 countries. The report focuses on the size of the 2014 BACS products, BACS installed systems, value-add, as well as service & maintenance markets. Forecasts are provided until 2019, with detailed information available on routes to markets, market drivers, market shares of manufacturers by products and installed systems, as well as sales by 18 verticals in each country.