The latest figures from the BCIA’s Market Information Services (MIS) showed that Q3 2018 set a new annual Quarter 3 record for the value of the total controls and BEMS market in the UK at £680.4 million.
The figure for Q3 2018 is higher than the previous year market high of Q3 2017 which reached £655.9 million representing an increase of 3.7%.
The MIS is a unique service for BCIA members which collects and collates information on the UK market. MIS has been in operation since 1991 and therefore the BCIA holds 26 years of historical data. Figures are gathered from all members and details published anonymously in a series of quarterly reports.
The BCIA continues to grow its membership and overall represents 60.5% of the total market.
Alan Ranson, who manages the MIS for the BCIA, says: “We are very pleased that the MIS can track the controls sector in such detail as it supports the BCIA membership in their planning. It is also good to see continued growth.”