SAN FRANCISCO, June 2, 2021 /PRNewswire/ — A new market study from Global Industry Analysts Inc. (GIA), the leading market research firm, today released its report titled “Heating, Ventilation and Air Conditioning (HVAC) Systems – Global Market Trajectory & Analytics.” The report presents new perspectives on opportunities and challenges in a significantly changed market post-COVID-19.

FACTS AT A GLANCE
Edition: 9; Published: May 2021
Management positions: 12897
Companies: 125 – Players covered include Daikin Industries Ltd.; Danfoss A/S; Electrolux AB; Emerson Electric Company; Fujitsu Ltd.; GREE, Inc.; Hitachi Ltd.; Honeywell International, Inc.; Ingersoll Rand PLC; Johnson Controls International PLC; Lennox International Inc.; LG Electronics Inc.; Midea Group Co., Ltd.; Mitsubishi Electric Corporation; Nortek Global HVAC LLC; Panasonic Corporation; Qingdao Haier Co., Ltd.; Samsung Electronics Co., Ltd.; United Technologies Corporation (UTC); Whirlpool Corporation and others.
Coverage: All major regions and key segments
Segments: Segment (cooling systems, heating systems, ventilation systems); Implementation (new construction, renovation); Application (commercial, private, industrial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; Great Britain; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of middle East); And Africa.

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ABSTRACT-

To reach global heating, ventilation and air conditioning (HVAC) market $286.8 billion until 2026
Heating, ventilation and air conditioning (HVAC) systems are important and essential and are used ubiquitously in almost all buildings and factories. HVAC systems are widely used in residential and commercial buildings across sectors including education, healthcare, retail, offices, government and airports. The market growth is expected to be driven by increasing demand for energy efficient HVAC systems to reduce energy consumption and CO2 emissions. Growing concerns about climate change, rising energy prices and carbon emissions continue to drive the adoption of HVAC systems in commercial spaces. The market is also likely to benefit from the increasing demand for energy-saving products. Rebates for energy efficient systems such as air conditioning and HVAC encourage commercial building users to adopt and upgrade HVAC systems.

Amid the COVID-19 crisis, the global heating, ventilation and air conditioning (HVAC) market is estimated at $201 billion in 2020 is expected to reach a revised size of $286.8 billion until 2026 and grows at an average annual growth rate of 5.9% during the analysis period. Cooling systems, one of the segments analyzed in the report, is expected to achieve a CAGR of 6.2% $204 billion until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the resulting economic crisis, growth in the heating systems segment is adjusted to a revised average annual growth rate of 5.5% for the next 7-year period. This segment currently accounts for 20.8% share of the global heating, ventilation and air conditioning (HVAC) market. The demand for heat pumps is attributed to the availability of systems with advanced features that enable space heating and cooling while also providing hot water. Heat pumps' ability to provide greater efficiency compared to other space heating and cooling devices is expected to further increase their adoption in the coming years. Climate change and gradually rising average temperatures are driving the use of cooling devices in summer.

The US market is estimated at $58.1 billion in 2021, while China is expected to reach $59.3 billion until 2026
The Heating, Ventilation and Air Conditioning (HVAC) market in the US is estimated at $58.1 billion in 2021. The country currently has a 27.1% share of the global market. Chinathe world's second largest economy, is expected to reach an estimated market size of $59.3 billion in 2026 with a CAGR of 9% during the analysis period. Other notable geographic markets include Japan And Canada, respectively forecast to grow by 3.2% and 5.3% over the analysis period. Within Europe, Germany is expected to grow at approximately 3.6% CAGR, while the rest of the European market (as defined in the study) will achieve this $63.8 billion until the end of the analysis period. The demand for air conditioning in developing regions such as Asia Pacific is very high as some households own more than one device, whereas the demand for air conditioners from developed regions remains comparatively low. The market in Asia Pacific It is also expected to benefit from technological advancements and increasing investment in the consumer electronics sector across the region. The market in developed regions is driven by increasing consumer awareness of star-rated HVAC products, increasing use of VRV and adoption of inverter-based air conditioners.

to achieve the ventilation systems segment 34 billion dollars until 2026
In the global ventilation systems segment USA, Canada, Japan, China And Europe will drive the 4.2% CAGR estimated for this segment. These regional markets together account for a market size of $19.4 billion in 2020 a forecast size of will be reached $25.8 billion until the end of the analysis period. China will continue to be among the fastest growing in this cluster of regional markets. Led by countries like Australia, IndiaAnd South Koreathe market in Asia Pacific is expected to be achieved $4.5 billion until 2026, during Latin America will grow at a compound annual growth rate of 5.6% during the analysis period. More

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Autonomous building tech startup BrainBox AI today announced the closure of a $12 million CAD (~$8.59 million) convertible debt round, which it plans to put toward expansion in North America (particularly its home market of Canada) and international markets like the U.K., Ireland, and Australia. The cash infusion comes as companies unaffected by shelter-in-place orders aim to head off the economic impacts of the pandemic. BrainBox’s AI platform enables the heating, ventilation, and air conditioning (HVAC) in buildings to operate autonomously, netting up to a claimed 25% reduction in total energy costs and a 60% boost in employee comfort.

BrainBox, which was founded in 2017 by CEO Sean Neely and CTO Jean-Simon Venne, taps a combination of machine learning and cloud computing to optimize commercial HVAC control systems. The company first installs its system-agnostic, sensor-free solution to identify and catalog a building’s operating behavior and energy flow by gathering data from both internal and external resources, including hundreds of thousands of real-time data points, like temperature, sun/cloud positioning, fan speed, duct pressure, heater status, humidity levels, and occupant density. After six to eight weeks of data collection, BrainBox’s AI engine can identify patterns to isolate each zone’s habits and tendencies, as well as aggregating equations for each zone to create an overall profile.

After creating this profile, BrainBox’s engine makes educated predictions about future power consumption, writing back to the HVAC controller every five minutes to make adjustments. Neely claims that most customers see a 20-40% reduction in carbon footprint within the first few months of deployment.

HVAC-optimizing AI isn’t exactly novel. Augury, a startup developing sensors that attach to machines and record data that’s then analyzed in the cloud, works with service companies to diagnose and optimize systems like industrial HVAC. GE Digital’s Predix and startup Petasense offer similar Wi-Fi-enabled, cloud- and AI-driven monitoring sensors. Carbon Relay boasts a product that leverages sensor data to make predictions about datacenters’ cooling usage. And Google recently rolled out a feature to Nest-branded thermostats that’s designed to detect HVAC problems.

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But BrainBox says it’s collaborating with a number of prominent partners and institutions to refine its platform. These include the U.S. Department of Energy’s National Renewable Energy Laboratory, the Institute for Data Valorization, Montreal’s École de Technologie Supérieure, and McGill University. In the near term, it hopes to develop an algorithm that will map all building HVAC control points while abiding by government and industry standards.

Another point in BrainBox’s favor is its market momentum. In the 11 months since the company’s May 2019 launch, its platform has been installed in over 15 million feet of commercial real estate across 15 cities on three continents. Locations include airports, hotels, residences, long-term care facilities, and grocery stores. Over 40 buildings have active installations, some of which are larger than a million square feet.

“The autonomous nature of our technology makes it truly scalable, and as we are reducing energy consumption in buildings by over 20%, we are in a position to make a real positive impact on GHG emissions from the real estate sector, one of the largest emitters globally,” BrainBox chief business development officer Sam Ramadori told VentureBeat via email. “For the entire team at BrainBox AI, it is very exciting to be growing a global business that can truly make a difference on climate change.”

Headquartered in Montreal, BrainBox has 50 employees today and expects to employ over 100 by year-end. This latest funding round, which was led by Esplanade Ventures, with participation from Desjardins Capital, brings the company’s total raised to over $19 million CAD (~$13.6 million).

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How digital twins have evolved, with the help of geospatial data, to capture more complex environments than ever.

Contributed by Greg Milner

Weary travelers lost in San Francisco International Airport (SFO) can access a map of the facility on their cell phones. The map, built with geographic information system (GIS) technology, provides the information to get them where they need to go. But there’s much more to the map—it guides operations.

These additional layers, accessible to the people who run and maintain the airport, reveal the airport’s dazzling complexity. All 1.8 million square feet of the International Terminal are included. Every individual component—from the 15,000 doors to the 2,000 trees—is present and accounted for.

Peel back those layers and peek underground. You’ll find the 400 miles of labeled subsurface utilities, including water, electrical, and wastewater. The airport’s exteriors are pictured, gathered through lidar and other methods, seamlessly integrated into the GIS.

For operations detail, building information models (BIM) find their place on the map. Closets, walkways, plumbing—it’s all there, ready to aid in repairs or long-term projects. Informative GIS layers, such as the location of wireless access points, augment the detailed BIM information.

And this is just the static map information. Indoor tracking shows the position of critical equipment. Outside, the current locations of maintenance vehicles are revealed.

From the public version to the sensitive high-security layers, it’s all the same GIS-supported map. But it’s more than that. This is SFO in its entirety: the permanent parts, the semi-permanent, and those items are always on the move.

So let’s not call it a map. What SFO has built is a geospatial digital twin.

SFO’s digital twin includes a 3D viewer that gives personnel the details they need to perform maintenance and safeguard travelers, as well as an app to guide travelers through interior spaces.

The Evolution of Digital Twins

The concept of the digital twin is not new, although it has undergone radical alterations. The earliest digital twins appeared in the manufacturing world, as far back as the 1980s. They were a way to measure the performance of factory machinery and processes, down to the level of individual components.

Although helpful for understanding plant operations, the utilities of these early digital twins were limited. An analyst could note strengths and weaknesses in the system, and detect problems and bottlenecks, but would struggle to apprehend its totality.

Modern digital twins provide this totality, without compromising granularity. Just as the human body relies on the interconnection of systems such as the respiratory system and the cardiovascular system, complex systems in organizations function through constantly flowing interactions. A modern digital twin recognizes that interactions among systems are just as important as the individual systems themselves.

The Complex World As It Is

How does a geospatial digital twin create the conditions for this nuanced view?

First, by offering clarity of vision. From the time GIS first debuted over a half-century ago, the technology has pioneered the concept of digital twins.

The visual language of GIS is the map. Just as a paper map is, to varying degrees, “an analog twin,” many GIS-derived maps can be thought of as digital twins. GIS maps contain details about attributes, data can be traced to its source, and they transcend the static maps of the past.

GIS can produce realistic digital twins because the technology can now seamlessly integrate immersive 3D environments, including details obtained via drones and reality capture techniques.

Geospatial digital twins go further than 3D models by adding the dimension of time. Like the systems they mirror, digital twins evolve. By compiling information regarding the past and present, digital twins can be used to query what happened when and even what’s likely to happen based on past patterns. Advanced analytic techniques reveal trends and hotspots.

Prague, one of Europe’s fastest-growing cities, is using a digital twin to restore the connectivity of Florenc, a historic neighborhood, with the surrounding area and preserve its world heritage status.

No Two Twins Alike

As more people have grasped the potential power of geospatial digital twins, use cases have multiplied. It is now possible to speak of many categories of digital twin:

• Design and construction digital twins help manage complex infrastructure problems, while providing a through-line that connects the present with the future. In Brisbane, Australia, a digital twin aids in the construction of a new subway. The same twin also depicts areas above ground, so that the rail authority can track how the underground project impacts economic development above it. When the project is complete, the same twin will guide daily operations.
• Digital twins have become an indispensable tool for architects and urban planners. The technology helps them imagine and experiment with alternative scenarios without any disruptions to the real world. What would a proposed promenade look like, given current walking and pedestrian traffic in the region? How high should a bridge be, based on various climate change flooding scenarios?
• Digital twins of utilities networks provide a detailed physical view of systems that are often concealed from view. In the United Kingdom, the wireless provider Vodafone now uses a digital twin that covers 245,000 square kilometers of its network.
• Environmental digital twins have recently emerged as a way to understand ecosystems and how they function. Perhaps their most valuable attribute is the way they link natural systems with human-made systems, revealing how each affects the other.

The Common Denominators

The most exciting digital twin model to emerge in recent years attempts to combine all of the above into something that mirrors the complexity of entire cities, or even nations. Grenada, for example, has built an impressive country-level digital twin that helps the Caribbean nation understand and prepare for climate change.

The mirroring ability of digital twins can obscure qualities that are more prosaic, but no less powerful, than the ability to mirror dynamic systems.

Digital twins foster collaboration and communication. They provide a common view for stakeholders to understand how systems may evolve. And their visual intuitiveness is a way explain progress to communities, regulatory agencies, or anyone else who may be affected by evolving systems.

Finally, there is the power that has long made GIS an optimal way to organize spatial information.

The many data flows that comprise complex systems may originate from disparate sources. Oftentimes, the only thing these groups of data share is that they have a spatial component, a shared location. GIS-based digital twins honor this similarity while visually emphasizing it.

Geospatial digital twins offer something that approaches complete contextual awareness. By helping us visualize the cross-pollination of data flows, these digital twins connect abstract data with concrete experience. By answering the constantly shifting question of “where?”, geospatial digital twins offer the ultimate contextual understanding.

Learn more about how GIS creates digital twins of the natural and built environments.

This article originally appeared in the Esri Blog.

Greg Milner is a writer in the strategic content group at Esri, where he tells stories about how location intelligence is transforming our world and how we perceive it. A former magazine editor and political speechwriter, he is the author of the books “Perfecting Sound Forever: An Aural History of Recorded Music” (a finalist for the National Book Critics Circle Award) and “Pinpoint: How GPS Is Changing Technology, Culture, and Our Minds.”. 

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GREENSBORO, NC (WGHP) – If you live in Guilford or Forsyth County and get electricity through Duke Energy, you may be able to get new appliances and lower electric bills.

Duke Energy will soon begin a pilot program for the Company’s new initiative, High Energy Usage Assistance. The goal of the program is to provide free energy upgrades to renters and homeowners who are at least 200% of the state poverty line and who use at least 17,800 kilowatt hours per year. The program is only available in three North Carolina counties: Forsyth, Guilford, and Mecklenburg.

April brought showers to the Piedmont Triad, but what’s in store for May?

That income limit is $29,160 for a single-family home. For a family of two, the threshold is $39,440. For 3 it’s $49,720. For 4 it’s $60,000. Figures for larger families are available on the US Department of Health and Human Services website.

Duke Energy lists eight possible improvements: HVAC replacement, Energy Star refrigerator replacement, comprehensive air sealing, energy efficient lighting, duct sealing, heat pump water heaters, insulation, and water-saving fixtures.

To receive this free assistance, residents must submit an application on Duke Energy’s website.

If approved, a Duke Energy contractor will work with you to schedule an energy audit at your home. During this audit, the contractor will assess which options are most helpful in reducing your energy consumption and electricity bills.

For more information or to apply, visit Duke Energy’s website.

The post Duke Vitality is providing free fridges, HVAC methods, extra to qualifying prospects in Meck County appeared first on DAILY SAN FRANCISCO BAY NEWS.

EDMONTON, Alberta and NEW YORK and CHICAGO, June 8, 2023 (GLOBE NEWSWIRE) — TSX,NYSE:STN

Stantec, a global leader in sustainable design and engineering, has signed an agreement to acquire Environmental Systems Design, Inc. (ESD), a 270-strong engineering firm headquartered in Chicago. Founded in 1967, ESD has built a reputation for excellence and innovation in high-performance design with a list of industry-leading customers. The terms of the transaction are not disclosed.

The acquisition of ESD significantly increases Stantec’s expertise in mission-critical facilities and data center design. Mission-critical facilities represent a fast-growing segment of dedicated infrastructure that requires higher levels of reliability. These facilities—spanning almost every major industry—are designed to keep building infrastructure, emergency dispatch, data storage, or other critical functions running during inclement weather and utility outages. Data centers like hyperscale facilities require specialized, resilient design considerations developed by uniquely skilled teams that regularly address the changing needs of large organizations.

With the acquisition of ESD, Stantec expands its mechanical, electrical, plumbing (MEP) and civil engineering businesses in the United States by 40 percent. These additional resources significantly expand the company’s smart building capabilities, supporting the workplace of the future and the emerging trends of decarbonization, building repositioning and adaptive reuse.

“Bringing talent and ESD together positions Stantec as one of the leading integrated design companies in the US market,” said Leonard Castro, executive vice president and head of Stantec’s Buildings business unit. “Our expanded data center, smart building design, and high-performance building services will provide our customers with the flexible and resilient facilities to meet their operational needs well into the future.”

“Stantec is a world-class company that shares our vision of improving society through the built environment,” said Raj Gupta, ESD CEO. “ESD has increased the depth and breadth of its services in recent years. By joining Stantec, we are expanding our offering globally and creating exceptional career opportunities for our employees.”

Critical Project Experience
ESD provides data center design services to multiple companies Industry-leading technology customers. ESD was recently engaged by a confidential client to provide peer reviewed and hyperscale data center design services and has subsequently been engaged in the construction of multiple hyperscale data centers across the United States on their behalf. Hyperscale campus developments range from a single 500,000 square foot facility (20 to 30 megawatts of power) to multiple multi-million square foot facilities (over 300 megawatts of capacity). Several sites across the country share a common basic concept with local adjustments and are designed for efficient incremental expansion without disrupting ongoing facilities.

Other projects in the ESD portfolio include:

• MEP and mission critical engineering for the United Airlines Network Operations Center in Chicago, an important part of the airline’s day-to-day operations. Building Information Modeling (BIM) was used to route new systems through and around existing structures. ESD worked closely with the City of Chicago and provided specialized consulting services in the areas of electrical and fire detection codes to provide a unique furniture wiring design that met all of United’s requirements.
• MEP and fire protection technology for the 1,400,000 square meter expansion of the Las Vegas Convention Center, one of the largest convention centers in the world. The new West Hall includes 600,000 square meters of flexible exhibition space with numerous infrastructure services, including various voltages and capacities, telecommunications, water and sewage, and natural gas. Additional program and support spaces include a reception hall, meeting rooms, lobbies and a cafe/kitchen area.
• MEP and fire safety engineering and energy modeling for Northwestern Medicine Lake Forest Hospital in Illinois. The 201-bed hospital has been designed to meet future demand and earn LEED Silver certification. Energy saving measures included optimizing the thermal performance of the façade while balancing solar heat from the glass, external shading methods, LED lighting and more. ESD also reduced the use of plumbing fixtures by 20 percent and household hot water consumption by 26 percent.

Stantec has three existing offices in Chicago and five in Illinois. With a large concentration of employees in Chicago, ESD also has offices in New York City, San Francisco and Phoenix. The acquisition will expand Stantec’s footprint to nearly 600 in Chicago and more than 2,050 in the wider 12-state north-central region.

The acquisition is expected to close on June 30, 2023.

About Stantec
Communities are fundamental. Whether around the corner or around the world, they provide a foundation, a sense of place and belonging. That’s why we at Stantec always Design with the community in mind.

We are designers, engineers, scientists and project managers innovating together at the intersection of community, creativity and client relationships. Balancing these priorities results in projects that improve the quality of life in communities around the world.

Stantec trades on the TSX and NYSE under the symbol STN.

media contact
Danny Craig
Stantec Media Relations
Tel: (949) 923-6085
danny.craig@stantec.com

Contact for investors
Jess Nieukerk
Stantec Investor Relations
Tel: (403) 569-5389
jess.nieukerk@stantec.com

Design with the community in mind

The post Stantec to accumulate Environmental Techniques Design, Inc., a appeared first on DAILY SAN FRANCISCO BAY NEWS.

Best Building Systems and HVAC of 2022 | architectural record

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Stantec

EDMONTON, Alberta and NEW YORK and CHICAGO, June 8, 2023 (GLOBE NEWSWIRE) — TSX,NYSE:STN

Stantec, a global leader in sustainable design and engineering, has signed an agreement to acquire Environmental Systems Design, Inc. (ESD), a 270-strong engineering firm headquartered in Chicago. Founded in 1967, ESD has built a reputation for excellence and innovation in high-performance design with a list of industry-leading customers. The terms of the transaction are not disclosed.

The acquisition of ESD significantly increases Stantec’s expertise in mission-critical facilities and data center design. Mission-critical facilities represent a fast-growing segment of dedicated infrastructure that requires higher levels of reliability. These facilities—spanning almost every major industry—are designed to keep building infrastructure, emergency dispatch, data storage, or other critical functions running during inclement weather and utility outages. Data centers like hyperscale facilities require specialized, resilient design considerations developed by uniquely skilled teams that regularly address the changing needs of large organizations.

With the acquisition of ESD, Stantec expands its mechanical, electrical, plumbing (MEP) and civil engineering businesses in the United States by 40 percent. These additional resources significantly expand the company’s smart building capabilities, supporting the workplace of the future and the emerging trends of decarbonization, building repositioning and adaptive reuse.

“Bringing talent and ESD together positions Stantec as one of the leading integrated design companies in the US market,” said Leonard Castro, executive vice president and head of Stantec’s Buildings business unit. “Our expanded data center, smart building design, and high-performance building services will provide our customers with the flexible and resilient facilities to meet their operational needs well into the future.”

“Stantec is a world-class company that shares our vision of improving society through the built environment,” said Raj Gupta, ESD CEO. “ESD has increased the depth and breadth of its services in recent years. By joining Stantec, we are expanding our offering globally and creating exceptional career opportunities for our employees.”

The story goes on

Critical Project Experience
ESD provides data center design services to multiple companies Industry-leading technology customers. ESD was recently engaged by a confidential client to provide peer reviewed and hyperscale data center design services and has subsequently been engaged in the construction of multiple hyperscale data centers across the United States on their behalf. Hyperscale campus developments range from a single 500,000 square foot facility (20 to 30 megawatts of power) to multiple multi-million square foot facilities (over 300 megawatts of capacity). Several sites across the country share a common basic concept with local adjustments and are designed for efficient incremental expansion without disrupting ongoing facilities.

Other projects in the ESD portfolio include:

• MEP and mission critical engineering for the United Airlines Network Operations Center in Chicago, an important part of the airline’s day-to-day operations. Building Information Modeling (BIM) was used to route new systems through and around existing structures. ESD worked closely with the City of Chicago and provided specialized consulting services in the areas of electrical and fire detection codes to provide a unique furniture wiring design that met all of United’s requirements.

• MEP and fire protection technology for the 1,400,000 square meter expansion of the Las Vegas Convention Center, one of the largest convention centers in the world. The new West Hall includes 600,000 square meters of flexible exhibition space with numerous infrastructure services, including various voltages and capacities, telecommunications, water and sewage, and natural gas. Additional program and support spaces include a reception hall, meeting rooms, lobbies and a cafe/kitchen area.

• MEP and fire safety engineering and energy modeling for Northwestern Medicine Lake Forest Hospital in Illinois. The 201-bed hospital has been designed to meet future demand and earn LEED Silver certification. Energy saving measures included optimizing the thermal performance of the façade while balancing solar heat from the glass, external shading methods, LED lighting and more. ESD also reduced the use of plumbing fixtures by 20 percent and household hot water consumption by 26 percent.

Stantec has three existing offices in Chicago and five in Illinois. With a large concentration of employees in Chicago, ESD also has offices in New York City, San Francisco and Phoenix. The acquisition will expand Stantec’s footprint to nearly 600 in Chicago and more than 2,050 in the wider 12-state north-central region.

The acquisition is expected to close on June 30, 2023.

About Stantec
Communities are fundamental. Whether around the corner or around the world, they provide a foundation, a sense of place and belonging. That’s why we at Stantec always Design with the community in mind.

We are designers, engineers, scientists and project managers innovating together at the intersection of community, creativity and client relationships. Balancing these priorities results in projects that improve the quality of life in communities around the world.

Stantec trades on the TSX and NYSE under the symbol STN.

media contact
Danny Craig
Stantec Media Relations
Tel: (949) 923-6085
danny.craig@stantec.com

Contact for investors
Jess Nieukerk
Stantec Investor Relations
Tel: (403) 569-5389
jess.nieukerk@stantec.com

Design with the community in mind

The post Stantec to amass Environmental Methods Design, Inc., a number one constructing engineering design agency specializing in mission essential and knowledge middle experience appeared first on DAILY SAN FRANCISCO BAY NEWS.

IndexBox, Inc.

NEW YORK, March 24, 2023 (GLOBE NEWSWIRE) – The research firm IndexBox has released a new report on the Global HVAC Market, providing in-depth analysis, forecasts and industry insights. The report, which can be accessed on the IndexBox website via this link https://www.indexbox.io/store/world-hvac-equipment-market-analysis-forecast-size-trends-and-insights/, offers trial access to the market data of the platform to interested parties.

The report contains market forecasts till 2030 with a comprehensive analysis of the factors driving and limiting the growth of the industry. The main growth drivers include the increasing demand for energy-efficient systems, increasing construction activity and technological advances. However, the industry also faces challenges such as high installation and maintenance costs, environmental concerns and market saturation.

The report also provides an overview of the major industries consuming HVAC equipment, including residential, commercial, and industrial sectors. The major consumer industries influence the demand for HVAC equipment and the report examines the key factors driving the demand in each sector.

The residential HVAC segment is driven by the growing demand for energy efficient and environmentally friendly systems, which has led to the development of smart and connected home systems. The segment is also being driven by increasing home construction and renovation activities. The commercial HVAC segment, on the other hand, is being driven by growth in the construction and retail sectors. The use of HVAC systems in commercial buildings is necessary to maintain indoor air quality and comfortable temperature levels, making the segment a key growth driver in the industry.

In the industrial HVAC segment, there is a growing demand for process cooling and heating systems in industries such as food processing, pharmaceuticals and chemicals. The use of HVAC systems is vital in these industries to maintain specific temperature and humidity levels to ensure product quality and safety.

The story goes on

The global HVAC market is highly competitive and segmented into several regions including North America, Europe, Asia Pacific, South America and Middle East & Africa. North America is the largest market for HVAC systems, with the United States being the largest contributor to the region’s growth. The growth of the market in the region is attributed to the increasing demand for energy efficient systems, technological advances and strict regulations on energy consumption.

In Europe, the market is driven by the increasing demand for air conditioning in residential and commercial buildings. Asia Pacific is the fastest growing market for HVAC systems, driven by growth in the construction industry and increasing demand for energy efficient systems. Significant growth is also expected for the market in South America, the Middle East and Africa due to increasing investments in infrastructure development and industrialization.

The report also highlights the key manufacturers in the industry including Carrier Corporation, Daikin Industries Ltd. and Lennox International Inc.

According to Aleksandr Romanenko, CEO of IndexBox: “Our report on the global HVAC market provides a comprehensive analysis of the industry, including its growth prospects, key drivers and challenges, and key players. We believe this report will be a valuable resource for anyone interested in this important sector.”

For more information or to purchase the report, please visit https://www.indexbox.io/store/world-hvac-equipment-market-analysis-forecast-size-trends-and-insights/

Keywords: HVAC market, global, forecasts, growth drivers, challenges.

CONTACT: Contact Mekhrona Dzhuraeva, Editor, at media@indexbox.io.

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When we talk about office flight-to-quality, where occupants are increasingly focused on renting office space in high-end, modern buildings to better lure employees back to face-to-face work, the conversation usually revolves around a laundry list of amenities . It’s easy to forget that the flight to quality is primarily being driven by the growing emphasis on sustainability in the workplace and current market fundamentals are pushing energy efficient systems even further up the list of flight to quality must-haves.

Tenants are increasingly considering sustainability and climate resilience when choosing office space, and net-zero targets are paving the way for more energy-efficient buildings. Buildings designed to reduce energy consumption will become increasingly valuable as climate change approaches. Energy-saving features such as LED lighting, state-of-the-art HVAC systems and solar panels are being incorporated into Class A office buildings, but another sustainable feature that is gaining traction is on-site water reuse systems.

trickle-down economics

On-site water reuse systems in office buildings treat and recycle the building’s gray water (which is water from sources such as sinks, showers, and washing machines). The treated gray water can then be used for non-potable purposes like flushing toilets, irrigation, and even cooling data servers. This reduces the building’s fresh water requirements, which is particularly important in areas with water scarcity or drought. A prominent example of a wastewater reuse system in a Class A office building is the system installed in the Salesforce Tower in San Francisco. The building’s system collects gray water from sinks and showers, and then treats the water using a combination of physical and biological processes, including filtration, UV disinfection, and membrane bioreactors. The treated gray water is then used to flush toilets and irrigate the building’s roof garden.

If you’re reading this from one of the parched Southwest states, the rise of on-site water reuse systems in commercial buildings isn’t exactly new to you. Thanks to dwindling water supplies and population growth, California, Colorado, Florida and Texas have policies mandating the installation of water reuse systems that have either been passed or are on the legislature list. City council members in Sacramento and Austin made headlines for passing ordinances requiring new commercial buildings to install water reuse systems in their plumbing, both of which will go into effect later this year. Beginning in July 2023, new commercial developments in Sacramento that are 10,000 square feet or larger will require graywater systems for irrigation, while buildings larger than 50,000 square feet will need to install a dual plumbing system that would allow recycling of graywater throughout the building. Austin, on the other hand, will require new commercial and multi-family homes 250,000 square feet or larger to have on-site water reuse systems beginning in December 2023.

New York City also introduced its Water Conservation and Reuse Grant Pilot Program, which offers grants of up to $250,000 to fund the installation of eligible systems. The program aims to reduce the demand for drinking water and promote sustainable water management practices in commercial buildings. Eligible projects may include the installation of gray water systems, rainwater harvesting, or other non-potable water reuse initiatives. By providing financial support to install water reuse systems, the program encourages buildings to adopt sustainable practices and meet regulatory requirements, while reducing operating costs and promoting resilience in the face of potential water shortages or supply disruptions.

Barring a growing regulatory framework, offices with water reuse systems are a more desirable asset. On-site water reuse systems are becoming increasingly popular in office buildings due to their potential to conserve water resources and reduce costs associated with water use. Not to mention that thermal energy can be recovered from wastewater to heat buildings, effectively reducing energy costs and greenhouse gas emissions associated with heating a building.

See also

splash management

Water reuse systems can vary in complexity and design, with different types of systems offering different opportunities for treatment and reuse. A common type of system uses a physical treatment process that uses filters and membranes to remove impurities and contaminants from gray water before it is reused for non-potable purposes. Another option is a chemical treatment process, which may include methods like ozonation or reverse osmosis to purify the water more. The specific type of system selected for an office building depends on a number of factors, including the building’s water needs, the space available for installation, and the project budget. Despite the differences between the systems, they all aim to reduce the environmental impact of water use and create a more sustainable building by reducing water use. Regardless of the methodology, installing a water reuse system would be undeniably helpful in differentiating a building as a trophy facility as companies look to set up their operations in the most sustainable buildings.

See also

On-site water reuse systems can support municipal water supplies by reducing the need for fresh water and relieving pressure on existing water sources. By using treated wastewater for nonpotable purposes such as toilet flushing, landscaping irrigation, or HVAC system cooling, buildings can offset some of their dependence on municipal water systems. This, in turn, can help cities and communities conserve their freshwater resources and better manage water scarcity during droughts or other water crises. Additionally, using treated wastewater for non-potable purposes reduces the amount of wastewater that needs to be treated and discharged into the environment, which can benefit local waterways and ecosystems. Overall, on-site water reuse systems can play a valuable role in promoting sustainable water management and ensuring long-term water security for communities. By establishing a hyper-local wastewater treatment loop and reducing reliance on municipal plumbing, water reuse systems also increase a building’s resilience to flooding. On-site reuse systems are less susceptible to extreme weather conditions, hydraulic capacity limitations, combined sewer overflows, and other infrastructure issues than main water systems.

Water reuse systems become part of the Flight to Quality equation because they help promote sustainability and wellbeing in the workplace, which are key to users and investors. After all, the current battle for quality is as much about helping residents with their environmental goals as it is about luring employees into the shiniest office around. Because on-site water reuse systems in office buildings represent an innovative way to reduce a building’s water needs and contribute to sustainable water use, using a system becomes a convenience for owners and occupants. Owners can achieve cost savings by implementing a water reuse system, and users have another way to promote their sustainability efforts to employees, investors, and the public.

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