Building Energy Management Systems

This Research Note examines the acquisitions and divestments that Trane Technologies has completed over the last 11 years in the smart buildings space.  We have classified these transactions by technology, business model and strategic rationale. This article is intended as a non-exhaustive indicator of Trane’s strategic direction, updating our September 2022 analysis. Acquisition Mapping of […]

This Research Note examines Equans, a €19.2 billion business unit of Bouyges group, which offers a wide range of multi-technical services that contribute to increasing the overall performance of buildings.  We review their building services portfolio and 2024 revenues before highlighting Equans Digital activities in the smart buildings space. This article updates our previous coverage of […]

This Research Note explores our assessment of Honeywell’s market position in the European building automation products market.    We review the revenue mix for the Honeywell Building Automation division, examine the latest financial data of two subsidiaries, Trend Control Systems based in the UK and Saia-Burgess Controls based in Switzerland, concluding with our view of […]

This Research Note examines notable funding trends in the smart building startups landscape in H1 2025.  This article is based on research for our recently published Startups in Smart Buildings Report.  We highlight the major segment which received most investments, the increases in average size of funding rounds and notable strategic buyers who invested in […]

The smart building startups ecosystem could be experiencing a point of inflection. While venture capital funding has cooled by 13% in the first half of 2025, merger and acquisition activity has exploded by over 60%, signaling a maturing market where consolidation trumps speculation. Our latest comprehensive analysis of 1,266 startups founded since 2014 reveals a […]

The global market for the Building Internet of Things (BIoT) in commercial buildings is projected to expand from $64.1 billion in 2024 to $101.0 billion in 2030, representing a CAGR of 7.87% over the forecast period under the baseline scenario, according to our latest research. These new forecasts demonstrate the resilience of BIoT development in […]

This Research Note examines 75F, a Minnesota-based provider of IoT building management systems. We highlight their product portfolio, deployments, regional expansion, external funding, and partnerships with established HVAC and building automation firms. 75F Profile Founded by CEO Deepinder Singh in 2012, 75F delivers AI-driven HVAC automation based on sensors and controls. Unlike traditional building management […]