FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
The Building Controls Industry Association’s (BCIA) Market Information Service (MIS) report for the first quarter of 2024, estimates the value of the Building Energy Management Systems (BEMS) market at £224.5 million for Q1 2024, marking a 4.2 per cent increase from the previous quarter. This growth defies the downturn indicated by the ONS Construction Output data in the key sectors of the BEMS industry for the same period.
Moreover, the year-to-date value of the BEMS sector stands at approximately £856.4 million, reflecting a two per cent increase from the previous rolling year figure.
The quarterly MIS report segments the BEMS market into three key components: Product, Installation Value Added, and Service & Maintenance.
Product: The total value of products supplied to the market in Q1 2024 rose by 1.8 per cent compared to the previous quarter, reaching £42.4 million. The primary route to market is through system installers, which saw a 3.3 per cent increase.
Both distributors and OEMs also experienced growth. However, product installed via manufacturers’ own systems saw a significant decline of 54.4 per cent, though this represents a small portion of the overall market.
Installation Value Added: The value added through engineering, commissioning, panels, and installation increased by 2.6 per cent from the last quarter, totalling £122.8 million in Q1 2024. The rolling year total also saw a 1.1 per cent rise, amounting to £476.0 million.
Service & Maintenance: Service and maintenance revenue for the UK market reached £59.3 million in Q1 2024, up 9.4 per cent from the last quarter and 12.0 per cent for the rolling year. Manufacturers’ contributions increased by 27.2 per cent, while systems installers saw a 6.3 per cent rise.
BCIA President Stacey Lucas said: “The Building Controls industry is experiencing phenomenal growth, now worth at least £840 million per year and supporting thousands of highly skilled, knowledge-led jobs. The MIS is the only research of its type and provides valuable insights on the value and volume of our sector.
“Reports are produced quarterly and available exclusively to BCIA members. The more members that contribute and provide feedback helps ensure the reports continue to be robust and grow in value for the benefit of all members, whether a manufacturer or SI. Together our voice is stronger.”
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