Building controls market on the decline?

The recently published BSRIA market intelligence study on World Building Automation and Controls Systems 2016 shows the global BACS market was worth US$ 21 billion in 2016 but the value in US has been affected by the effect on the US$-Euro and US$-GBP exchange rates triggered by Brexit and the outcome of the US presidential election.

In local currency the German and UK markets registered growth in the main countries, although expressed in US$, it shows a decline for 2016.
The main drivers continue to be the ongoing implementation of energy efficiency standards supported by legislation. This is helping suppliers address the enormous latent potential in the retrofit and refurbishment markets. Demand for measurement and control of building air quality is showing a strong growth. The lucrative BACS market is continually attracting new entrants, and new technologies, innovations and novel business models are threatening to disrupt traditional business.
Zoltan Karpathy, manager – Intelligent Buildings and Homes, BSRIA, said: “BACnet now dominates even more in the march towards open communication protocols, driven by the demand for increased integration. There is also an escalating need for energy data analytics/BEMS, with a rising proportion of this migrating to the Cloud. The steady requirement for integration of building applications and the market consolidation of the Internet of Things (IoT) necessitates that stakeholders seek reliable, certified integrators to help them deliver robust solutions.”