Carrier
Carrier HVAC Business & 2024 Financials Examined
February 24th, 202575F Light Commercial Building Controls Business Examined
February 10th, 2025
Honeywell Spinoff of Building & Industrial Automation Businesses into New Public Company
This Research Note examines the announcement of a new Honeywell Automation public company which will be formed from the spinoff of Building Automation (BA) and Industrial Automation (IA) businesses, reported in their Q4-2024 earnings call, on 6th February 2025. We also review the FY 2024 results and outlook for the Building Automation segment, highlighting its […]

The Top 5 Smart Building Acquisitions & Investments of 2024!
In this research note, we have compiled lists of the top 5 Acquisitions AND the top 5 Investments completed in the smart building industry in 2024. There has been significant deal activity throughout 2024, with acquisitions and investment across all aspects of the operation and maintenance phases of the building lifecycle. High-value acquisitions were dominated […]

The Impact of AI on Energy Management Software for HVAC Optimization
Artificial Intelligence (AI) and Machine Learning (ML) are playing a big role in the digitization of our commercial buildings. AI leverages advanced computational algorithms, such as neural networks, to enable systems to perceive environmental conditions, learn from data, reason about optimal actions, and interact with building automation systems. “Today, the most advanced HVAC Optimization leverages […]

Carrier Portfolio Transformation: Exit of Commercial & Residential Fire Businesses
This Research Note reviews Carrier’s announcement to divest its commercial and residential fire business to an affiliate of Lone Star Funds for an enterprise value of $3 Billion. This transaction is part of a series of divestments, brought about by the acquisition of Viessmann Climate Solutions. The state of play of Carrier’s portfolio transformation activities […]

Mapping the Strategic Direction of Honeywell in Smart Buildings
This research note examines Honeywell’s emerging strategic priorities in smart buildings. We have mapped the acquisitions, strategic partnerships, investment activity, and divestments of the business to ascertain their growth ambitions, by categorizing the various relationships and deals by technology and investment type over recent years. This analysis is intended as a non-exhaustive indicator of their […]

Major Players Put Their Weight Behind AI in Commercial Buildings
The development of artificial intelligence (AI) in commercial buildings is far-reaching, leading to a broad adoption landscape. The strategic positioning of key players in the AI market for commercial buildings is a critical aspect of understanding the current landscape and the future potential of AI. “Many large building automation firms are at the forefront of […]

The Competitive Landscape for AI in Commercial Buildings 2024
Our new research is an in-depth analysis that maps out the global landscape of smart building AI companies, providing a clear picture of the market’s structure, and allowing the reader to assess the maturity and potential of various AI applications and identify vendors shaping the industry. Who are the key players shaping the future of […]

Priva’s Building Automation Business 2024 Examined
In this Research Note, we examine Priva, the Dutch company that develops hardware, software and services in the field of climate control, energy saving and optimal reuse of water. Target markets are horticulture, indoor and city farming, and commercial buildings such as offices, retail, hotels and hospitals. We review the partnerships and investments made by […]