Description

The European market for building management and control systems (BMCS) was worth $2.70 billion in 2004. It is anticipated that over the forecast period, growth in this market will remain moderate, with various factors, including the nature of new construction and replacement opportunities having an impact on market growth. The industry participants have to understand the market and design new strategies to penetrate further in this highly competitive market. The CAGR calculated during the period 2004 to 2011 is 2.0 per cent. Market revenues are estimated to reach $3.11 billion in 2011.