HVAC Commercial Market

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Though the smart buildings market continues to suffer from a fragmented ecosystem as proprietary building automation solutions dominate, ABI Research forecasts smart buildings global facility services revenue will grow from $625 million in 2015 to more than $8 billion in 2021.

The district heating and cooling market by consumption was valued at $142.7 billion in 2014 and is expected to expand at a compound annual growth rate (CAGR) of 5.8 percent to reach $243.4 billion in 2024, according to Transparency Market Research.

Emerson has announced a strategic investment in Transformative Wave, a Kent, Washington-based provider of technologies to help drive energy efficiency and savings for rooftop HVAC systems, including cloud-based building automation control, remote monitoring, and diagnostics.

Solar energy system pricing is at an all-time low, according to the latest editions of two recurring “state of the market” reports released by the U.S. Department of Energy’s (DOE’s) Lawrence Berkeley National Laboratory (Berkeley Lab).

Verdigris, an artificial intelligence (AI) company for smart buildings, has announced the launch of Einstein, its next-generation Internet of Things (IoT) smart sensor and metering solution designed to reduce energy consumption and cost in buildings.

Modine Manufacturing Co. has announced changes to its executive organization in response to its acquisition of Luvata Heat Transfer Solutions (HTS). Modine previously announced that it agreed to acquire Luvata HTS, a leading global manufacturer of coils, coolers, and coatings for the HVACR and industrial markets.

Xylem has announced the upcoming HVAC training schedule at its Bell & Gossett (B&G) Little Red Schoolhouse. Fourth-quarter classes are tailored toward the commercial hydronic heating and cooling industry.

The University of Nottingham is developing a solar air conditioning system that is said to have the capability to cut electricity consumption by up to 50 percent compared to conventional vapor compression (VC) systems.