The latest figures from the BCIA’s Market Information Services (MIS) show that Q3 2019 set a new annual record for the value of the total controls and BEMS market in the UK at £735.5 million.
The figure for Q3 2019 is higher than the Q2 2019 previous market high of £723.6 million representing an increase of 1.6 %.
The MIS is a unique service for BCIA members which collects and collates information on the UK market. Figures are gathered from all members and details published anonymously in a series of quarterly reports.
What’s more, there is a new addition to the MIS figures – they now includes sales data from the Office of National Statistics covering the past five years. This information can be split into regions making it very insightful for members when it comes to business planning.
The MIS has been operating since 1991, so the BCIA now holds 26 years of historical data. The BCIA continues to grow its membership and overall represents 60.7 % of the total market.
With the beginning of the recession in 2008, the controls market fell by several millions. However, since that time the sector has been steadily regaining lost ground to overtake its previous highest point.
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.”