JANUARYCONSTRUCTIONBUSINESSREVIEW.COM6With rapid urbanization and improved living standards, the demand for heating, ventilation, and air conditioning (HVAC) systems continues to grow. Rising concerns over climate change, increasing energy prices, and carbon emissions are pushing the adoption of HVAC systems in commercial spaces.According to a report by marketsandmarkets.com, the HVAC system market was valued at $210.0 billion in 2022 and is projected to reach $271.5 billion by 2026, registering a CAGR of 6.6 percent during the forecast period.The increasing interest in smart homes and the growing demand for energy-efficient solutions are driving the growth of the HVAC system market. Factors such as rising spending power and the deployment of government programs to encourage energy-efficient construction are also propelling the expansion of the HVAC industry.AI and machine learning-driven solutions are creating smarter and more eco-friendly buildings. These advancements are capable of significantly reducing energy usage and inefficiencies in the system. By leveraging IoT to link HVAC systems, manufacturers, contractors, and end users can easily monitor their performance and detect issues before they become major outages.This edition of Construction Business Review highlights the recent developments in the HVAC arena and insights into how businesses are aligning with these trends to transform legacy practices.We have curated thought leadership articles from industry experts, including the Partner at Buro Happold and the MEP/Energy Practice Leader at CDM Smith. We also took a deep dive into the market trends to narrow down the list of companies delivering robust HVAC solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as Jaguar Heating & Air and N.E.T.R, help transform businesses at the cloverleaf of various disruptive technologies. We hope this edition of Construction Business Review's HVAC services and solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! Embracing HVAC Solutions for a Sustainable FutureEDITORIALCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorRobert MathewsVisualizersSalesAsher BlakeJames D. PhillipsSales@constructionbusinessreview.comEmail:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com JANUARY, Vol 02 Issue 06Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Robert MathewsManaging Editoreditor@constructionbusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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