HVAC Breaking News

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Although still emerging, the market for zero net energy homes (ZNEHs) is expected to be led by new construction in North America, notes Navigant Research. Other countries in select regions, such as Europe and Asia-Pacific, are also beginning to follow suit.

Comfort Systems USA Inc., a leading provider of commercial, industrial, and institutional HVAC services, announced that its board of directors has approved an amendment to the company’s stock repurchase program to increase the shares authorized and remaining as available to purchase back up to 1 million shares.

A team of scientists from the U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL) and the University of Florida (UF) has developed a novel method that could yield lower-cost, higher-efficiency systems for water heating in residential buildings.

The global energy-efficient building market is projected to grow at a compound annual growth rate (CAGR) of 9.6 percent during the forecast period of 2016 to 2020, according to a report from Sandler Research.

Integrated Facility Services (IFS), a full-service mechanical contractor with offices in St. Louis and Columbia, Missouri, announced it has acquired Wally’s Refrigeration, Lake of the Ozarks, Missouri.

HTS New England, the New England division of one of the largest independent commercial HVAC manufacturers’ representatives in North America, announced plans to merge operations with Stebbins-Duffy.

The latest report on the global commercial air conditioning market from Technavio provides an analysis of the top three emerging trends expected to impact the market outlook from 2016 to 2020.

The U.S. Army announced it has surpassed the $1 billion mark in energy savings performance contracts and utility energy services contracts in less than five years. This is in response to President Obama’s challenge to all federal agencies to achieve a total investment of $4 billion before the end of 2016.

Xylem Inc., a leading global water technology company, announced that it has signed a definitive agreement to acquire Sensus for approximately $1.7 billion in cash. Sensus is a provider of smart meters, network technologies, and advanced data analytics services for the water, electric, and gas industries.

The global building thermal insulation market was valued at $22.73 billion in 2015 and is projected to reach $28.39 billion by 2021, increasing at a compound annual growth rate (CAGR) of 3.5 percent between 2016 and 2021, according to a report published by MarketsandMarkets.