Articles Tagged with ''Sensor Technology for HVACR''

The global HVAC sensors and controllers market was valued at $5.18 billion in 2015 and is forecast to reach $9.34 billion by 2024, growing at a compound annual growth rate (CAGR) of 6.9 percent during forecast period, according to a new report published by Transparency Market Research.

ABB demonstrated advanced occupant tracking sensors from PointGrab — in which ABB’s Technology Ventures arm made an investment in December 2015 — at Light+Building 2016. PointGrab uses edge-analytics connected sensors to deliver actionable occupant tracking information for smart homes and buildings.

By providing data that can improve building performance, advanced sensors play a critical role in transforming regular facilities into intelligent buildings, notes Navigant Research. These devices can strengthen the operations of specific building systems, such as HVAC and lighting, but also support more comprehensive business strategies.

The U.S. temperature sensors market is forecast to increase to a value of $1.65 billion by 2018, growing at a compound annual growth rate (CAGR) of 6.91 percent over the period of 2014 to 2020, according to new report from Research and Markets.

PipeIQ enables continual configuration and system monitoring from anywhere in the world using FAAST’s onboard Ethernet connection.