More than half of U.S. commercial building space is cooled by packaged HVAC equipment, according to the U.S. Department of Energy (DOE). So it comes as no surprise that energy efficiency is the biggest trend driving the rooftop market.
Solution identifies and helps maximize energy savings using IoT electrical devices or “adaptors”
May 25, 2016
Budderfly LLC, a provider of energy management solutions, has been recognized as a 2016 Gartner Cool Vendor in Internet of Things (IoT) Solutions. By adding IoT devices and advanced software to an existing infrastructure, Budderfly’s solution is said to be able to enhance the energy efficiency performance of any building.
Small-medium building sector and homebuilders are under-resourced when it comes to energy efficiency
May 23, 2016
The U.S. Department of Energy (DOE) announced $14 million in funding for projects to significantly increase the efficiency of U.S. homes and buildings. These projects are designed to cut energy costs while leading to greater demand for new building products and technologies.
The state has a legacy of innovative public policies that encourage energy efficiency
April 25, 2016
While California consumes the second largest amount of energy in the nation, it is also one of the most energy-efficient states, according to a new report. Compared to all other states, California ranks among the lowest in the nation for both per capita energy consumption and per capita energy spending.
According to Navigant Research, annual revenue from energy-efficient HVAC systems will grow from $17.2 billion in 2013 to $33.2 billion by 2020. With ductless systems set to account for nearly 30 percent of all North American energy-efficient HVAC system revenue by 2020, the market for both single- and multi-zone ductless systems is booming.
Growing use expected in various applications including the building, home, and industrial sectors
April 5, 2016
Global market revenue for energy management systems stood at $9.87 billion in 2014 and is forecast to reach $35.92 billion by 2024, increasing at a compound annual growth rate (CAGR) of 13.4 percent from 2016 to 2024, according to a report from Transparency Market Research.