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Budderfly LLC, a provider of energy management solutions, has been recognized as a 2016 Gartner Cool Vendor in Internet of Things (IoT) Solutions. By adding IoT devices and advanced software to an existing infrastructure, Budderfly’s solution is said to be able to enhance the energy efficiency performance of any building.

As the cost of advanced sensors has decreased and the amount of computational power and data storage has increased, buildings have become data-rich environments, notes Navigant Research.

The Air-Conditioning, Heating, and Refrigeration Institute (AHRI) announced that its Controls Product Section will be divided into two new sections: Air Conditioning & Refrigeration (ACR) Electronic Controls and Gas Controls.

Though industrial facilities are some of the most energy-intensive buildings worldwide, the drive for continuous operations and a focus on production has usually made energy efficiency a low priority for their operators and managers, notes Navigant Research.

Current, powered by GE, has announced the acquisition of Daintree Networks, a provider of building controls solutions for commercial facilities. Current said this acquisition will enable it to expand its building automation platform and its energy-as-a-service offering to small- and medium-size facilities.

The global energy harvesting system market is forecast to reach $974.4 million by 2022, increasing at a compound annual growth rate (CAGR) of 19.6 percent between 2016 and 2022, according to a new market research report published by MarketsandMarkets.

PointGrab has announced a new white paper that explores the impact of deep learning-based smart sensor technology on building automation management. The white paper was developed to help building automation industry stakeholders better understand the long-term benefits of deep learning-based technology.

The worldwide Internet of Things (IoT) market is projected to hit a compound annual growth rate (CAGR) of 33.3 percent to 2021 driven by the rising need for operational efficiency and the increasing penetration of connected devices, according to a report available from RnR Market Research.