HVAC Controls

Picking just the low-hanging fruits of green efficiency is not enough to make real progress in the fight against climate change. The phasing out of incandescent lighting for LED technology was relatively easy considering the lifespan of light bulbs is measured in months. The ongoing transition to electric mobility is a greater challenge with vehicles […]

In this research note, we examine the Building Automation (BA) business of Azbil, based on their FY2021 Annual Report, investor presentations, and building technology-related activities throughout 2021. Building Automation, the largest of three business units, accounts for 47.3% of 2021 net sales. The other two businesses are Advanced Automation which supplies process and factory automation products […]

The market for AI-enabled energy management & sustainability services is growing fast and attracting a good number of new market entrants, with 32% of vendors now offering services for this space, states our recent report on AI and Machine Learning in Smart Commercial Buildings.  Leading building controls companies including Honeywell, Siemens, Schneider Electric and Johnson Controls […]

Innovation is critical to technological development and especially impactful in spaces undergoing technological transformation, such as buildings. Innovation is the precursor to the technological breakthroughs that are bringing new value to our increasingly smart indoor spaces through applications that improve efficiency, productivity, and the occupant experience. As green buildings take center stage at the COP26 climate […]

Few publicly listed companies like Johnson Controls International (JCI), present a pure smart buildings product and service offering. Since the 2016 merger with Tyco, and the 2019 sale of its Power Solutions business to BCP Acquisitions LLC for $13.2 billion, the firm is looking to capitalize on macro-trends including decarbonization, post-pandemic focus on healthier buildings, and digital technologies. JCI […]

In this research note, we examine the Buildings business of Siemens, which operates within the Smart Infrastructure (SI) division, based on their Q4 press conference, Capital Markets Day presentations and building technology-related activities throughout 2021. The SI portfolio addresses the complete value chain across buildings and electrification, increasingly growing together at the grid edge. Their smart building […]

While lighting makes up 95% of Acuity Brands Inc revenue (they are now the largest lighting manufacturer in North America) it is their Intelligent Spaces Group (ISG) business segment that focuses on smart buildings technology. In this research note, we examine their recently published 2021 Annual Report. Acuity’s ISG business segment offers building management systems […]

Caverion, a Finnish listed company with €2.2 billion Euro revenues in 2020, is active in 11 countries in Northern, Central and Eastern Europe, supported by over 15,000 service and project employees. The group, formed in 2013 as a demerger of YIT Building Systems business, provides built environment services, such as technical maintenance and property management […]