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The global market for air conditioning systems was pegged at a value of $104.4 billion in 2015 and is projected to rise to $167 billion by the end of 2024, expanding at a 5.1 percent compound annual growth rate (CAGR) from 2016 to 2024, according to a report from Transparency Market Research.

Mitsubishi Electric US Cooling & Heating Division has announced a collaboration with JB & Associates Extended Warranties LLC. (JB&A) to be its new provider of extended service agreements.

US Chiller Services, provider of repair, maintenance, retrofit, and servicing of large tonnage chillers, has entered into a joint venture with New York-based HVAC specialist, The BP Group, to offer a full range of HVAC services for large tonnage chillers and equipment to an expanded client portfolio in the New York tri-state area.

The global energy management systems market is forecast to see a compound annual growth rate (CAGR) of 13.4 percent between 2016 and 2024, growing from a valuation of $9.9 billion in 2014 to $35.9 billion by 2024, according to a report from Transparency Market Research.

Aerco International, a Watts company and a leading supplier of boilers and water heating products, has announced that James F. Dagley has been appointed as the company’s new president.

Florida Atlantic University’s (FAU’s) Institute for Sensing and Embedded Network Systems Engineering (I-SENSE) and Dioxide Materials™ have formed a partnership to develop and evaluate a novel low-cost, low-power, wireless CO2 sensing system for HVAC applications.

Hudson Technologies Inc. announced that it has been awarded, as prime contractor, a five-year contract including a five-year renewal option, by the U.S. Defense Logistics Agency with an estimated maximum value over the term of the agreement of $400 million in sales to the Department of Defense (DoD).

Customers will have more ways to manage their peak energy demand after the Arizona Corporation Commission approved the continuation of Arizona Public Service’s (APS’s) energy efficiency programs and the implementation of five new and expanded measures.

The technical program has been set for the ASHRAE and IBPSA-USA SimBuild 2016: Building Performance Modeling Conference. The conference takes place Aug. 10-12 in Salt Lake City.

DiversiTech Corp., a leading manufacturer and supplier of HVACR parts and accessories, announced that it has purchased Alltemp Products Co. Ltd., a HVAC parts supplier serving the Canadian market.