Building Automation and Control Market to be Worth Over $26 Billion by 2019
Products are a third of the market, value-add at 44 percent, with service and maintenance taking the rest
BRACKNELL, United Kingdom — The global building automation and control systems market is expected to be worth just over $26 billion by 2019, according to BSRIA’s new World Market Intelligence (WMI) report: 2015 World Building Automation and Control Systems (BACS) study.
The BSRIA 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.