The global building automation and control systems market is expected to grow at a compound annual growth rate (CAGR) of 9.04 percent in terms of revenue during 2014-2019, according to a new report from Research and Markets.
Danfoss has broken ground on a new state-of-the-art laboratory for testing HVACR equipment. The new center also will facilitate training and serve as a research and development center for future innovation.
Danfoss announced it has broken ground on a new state-of-the-art laboratory for the testing of HVACR equipment. The company said the new center also will facilitate training and serve as a research and development center for future innovation.
In addition to supporting industry research across residential HVAC, supermarkets, commercial kitchens, and data centers, Emerson’s new 40,000-square-foot innovation center will itself be a lab for commercial building controls and HVAC technology.
The market was estimated to be valued at $2,860.4 million in 2014 and is forecast reach $15,620.9 million by 2019, with a compound annual growth rate (CAGR) of 40.4 percent between 2014 and 2019.
A new 2,000-square-foot, two-story home is being built inside The Helix innovation center by Emerson Climate Technologies to serve as a working laboratory, enabling faster testing of future innovations in comfort, energy savings, and connected home concepts.
The U.S. Department of Energy (DOE) has announced nearly $8 million in funding to advance research and development of next-generation HVAC technologies for buildings. With air conditioning using large and growing amounts of energy, these new solutions are expected to offer significant energy and cost savings in new and existing buildings.
Emerson Climate Technologies announced that it is building a fully operational commercial kitchen to research and develop solutions to food service industry challenges, including connected kitchen concepts, new refrigerants, and food safety.
TORAD Engineering announced that it has opened the new TORAD Commercial Development Center (TCDC) to support the growing demand from its customer base on the company’s path to commercialization of its spool compressor technology.
According to research, temperature controls and air conditioning at data center sites together consume about 50 percent of the overall power in a data center. The need to optimize overall infrastructure budgets is driving the need for efficient data center cooling.