HVAC Commercial Market

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The global HVACR systems market, which stood at a value of $81.1 billion in 2015, is likely to progress at a compound annual growth rate (CAGR) of 5.5 percent between 2016 and 2020, reaching an opportunity worth $130.7 billion by the end of the forecast period, according to a new report by Transparency Market Research (TMR).

The global evaporative condensing unit market is projected to reach $1.61 billion by 2026, increasing at a compound annual growth rate (CAGR) of 7.2 percent from 2016 to 2026, according to a report published by MarketsandMarkets.

The U.S. Department of Energy (DOE) and the National League of Cities have announced the launch of the Better Buildings Zero Energy Districts Accelerator to move the building market toward adopting sustainable practices to help achieve zero energy use in buildings.

UTC Climate, Controls & Security, which manufactures products under the Carrier, Bryant, Payne, and ICP brand names, has announced a price increase of up to 5 percent on residential and commercial HVAC equipment.

Earth Networks has announced a new strategic direction to focus on business-to-business (B2B) and business-to-government (B2G) opportunities and has sold its consumer-focused WeatherBug brand to xAd Inc., a leader in location intelligence.

Calmac® announced that its ice-based energy storage technology was implemented into the microgrid project at the Naval Post Graduate School’s Integrated Multi-Physics Renewable Energy Laboratory (IMPREL) in Monterey, California.