Most BACS markets experienced an increase in demand in 2021, but also problems in the supply chain and a surge in material prices. Recovery varies across countries, depending on the fall experienced in 2020, vaccination uptake rates, the economic recovery, and technical, social, and geographic factors. While some verticals have been severely hit, others grew due to new opportunities.
BSRIA’s new World BACS study covers Canada, USA, Mexico, Germany, Netherlands, the Nordics, India, and Southeast Asia, which adds to the annual country rotations, investigating the impact of the factors above, establishing current market sizes, trends and drivers and shares of software, hardware, DDC, room and field level controllers. The study provides market forecasts assessments of key trends, such as the growing importance of software and analytics, convergence and integration of building services, the uptake of IP, the trend towards more generic and freely programmable controllers, and the impact of the Internet of Things. The study also shows how established suppliers are faring in response to the challenge of those trying to penetrate or gain share in these markets. Country reports are available individually or as a package. A World Excel Overview is also available, including data for twenty countries and estimates for the rest of the world, providing a tool for making quick comparisons across data for different countries.
BSRIA’s Worldwide Market Intelligence division (WMI) has been providing specialist market intelligence for over 30 years. Its multinational staff conducts primary and secondary research with a wide network of industry contacts to source detailed, reliable data across a number of product areas. WMI has published, on an annual basis, global market studies in air conditioning, heating, renewables, building controls, smart/connectivity and structured cabling.