by Brianna Crandall — October 19, 2015—Nonprofit building services and engineering consultancy BSRIA recently announced that the world building automation and control systems market is expected to be worth just over U.S.$26 billion by 2019, according to its World Market Intelligence (WMI) report on world building automation and control systems (BACS).
BACS data analytics / BEMS
The 2015 BSRIA WMI BACS study reveals that currently there is a small but growing number of BACS systems with data analytics / building energy management systems (BEMS) across all geographical areas. There is also a slow trend of BACS data analytics / BEMS migrating to the Cloud. In addition, the information technology (IT) industry is slowly entering the data analytics / BEMS market.
Countries / regions
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 annum to account for just over U.S.$26 billion 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% between 2012 and 2014 to reach $21.8 billion. Products account for around a third, with value-add for 44% and service and maintenance for the rest. North America accounts for 26% of the BACS product market, while Europe’s share is 38% (including Turkey and Russia). Asia-Pacific (including China and India) account for around 20%, leaving the share of Middle East and Africa at around 15%.
The BACS markets of the remaining three members of the BRIC country group (Russia, India and China), alongside Turkey, Saudi Arabia and the UAE, are predicted to grow the fastest in the next five years.
2015 WMI BACS report
The 2015 BSRIA World Market Intelligence (WMI) report on Building Automation and Control Systems (BACS) markets was compiled through findings from face-to-face and telephone interviews with key worldwide 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 and 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.
