December 2023constructionbusinessreview.com6Heating, ventilation, and air conditioning (HVAC) systems are known for their energy-intensive operation. Technological advancements, however, have led to the development of highly efficient devices that reduce energy consumption and generate savings for businesses and consumers. According to Grand View Research, the global HVAC systems market size was estimated at USD 150.9 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.5 percent from 2024 to 2030. Varied climatic conditions and the importance of maintaining an ambient environment in buildings are key trends anticipated to impact the heating, ventilation, and air conditioning (HVAC) systems industry during the projection period.Smart HVAC systems leverage the Internet of Things (IoT) to connect various components, enabling real-time monitoring and control. These systems can also provide valuable data for predictive maintenance, preventing breakdowns and prolonging the lifespan of HVAC equipment.The HVAC industry has stepped up to meet the challenges of climate change. Innovations in refrigerants and adopting environmentally friendly materials are reducing the carbon footprint of HVAC systems. Developing geothermal heating and solar-powered HVAC systems also provides sustainable alternatives to fossil fuels.This edition of Construction Business Review delivers a bird's-eye view of the recent developments in the HVAC sector and insights into how organizations can align with these trends and adopt new ways to replace outdated practices.We have curated thought leadership articles from industry experts, including Pietro Da Sacco, Engineering Manager at Doka USA and Frank Islas, Director of Structural Operations at OSBURN.We also took a deep dive into the market trends to narrow down the list of companies delivering innovative HVAC Services and Solutions. Equipped with innovative technological capabilities, companies like Allied Experts, Bard Manufacturing Company, and FACS Management Systems help transform businesses at the cloverleaf of various disruptive technologies.We hope this edition of Construction Business Review will help you build the partnership you and your organization need to foster an environment driven by efficient technology.Let us know your thoughts!Towards Sustainable ComfortEDITORIALCopyright © 2023 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 MathewsVisualizersAsher BlakeJames D. PhillipsEmail:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com December - 09 - 2023, Vol 03 Issue 44 (ISSN 2835-9429)Published 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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