The global smart building market is forecast to grow from $5.73 billion in 2016 to $24.73 billion by 2021, increasing at a compound annual growth rate (CAGR) of 34 percent from 2016 to 2021, according to a report published by MarketsandMarkets.
Emerson has announced the opening of The Helix Innovation Center at Georgia Tech, a new collaboration and innovation space located in Technology Square, the university’s innovation hub.
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 6.2 percent in July 2016.
In a signing ceremony completed on July 30, Heating, Air-conditioning & Refrigeration Distributors International (HARDI) entered into an agreement creating what is likely to be both organizations’ largest philanthropic partnership to date.
The global commercial refrigeration equipment market was valued at $36.63 billion in 2015, and is expected to generate revenue of $61.44 billion by the end of 2021, growing at a compound annual growth rate (CAGR) of slightly over 9 percent between 2016 and 2021, according to a report from Zion Market Research.
Peirce-Phelps, an HVAC distributor in the U.S. supporting both commercial and residential customers, announced a partnership with Habitat for Humanity Philadelphia.
The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) responded to the U.S. Court of Appeals for the Seventh Circuit ruling in favor of the U.S. Department of Energy (DOE) on its lawsuit, filed in 2014 with AHRI member company and Midwest manufacturer Zero Zone, which challenged DOE’s 2014 efficiency standard and test procedure rulemakings for commercial refrigeration equipment.
Emerson announced an agreement to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4 billion and Emerson will retain a subordinated interest in Network Power. The sale is expected to close by Dec. 31, 2016, subject to regulatory approvals.
Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 15.9 percent in June 2016.
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