Smart Buildings

The HVAC Industry Needs to Figure out a New Way to Attract Talent

Smart buildings represent our urban future but we will need a workforce with new skills to make that happen. Job opportunities in facilities management are at an all time high as adoption of smart systems increase. Those with strong abilities in the connected buildings systems space are in high demand, and command significant wages, while those exploring their first career path would be very wise to move into this space. However, not many young people today dream of becoming heating and cooling technicians, and that’s a big problem for the future ambitions of the smart building industry. The Skills Shortage Problem According to the US Department of Labor, Labor Statistics (BLS), the demand for heating, ventilation, air conditioning, and refrigeration (HVACR) mechanics and installers is projected to increase by 15% between 2016 and 2026, well above the average across all occupations. Yet, only 3% of students are very familiar with the concept of HVAC and […]

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Mapping the strategy of Allegion in the Smart Building and PropTech Space
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Mapping the Strategic Direction of Allegion in the Smart Building & PropTech Space

Spun off from Ingersoll Rand in 2013, Allegion (NYSE: ALLE) has become an established player in the physical security industry for commercial and residential building markets around the world. In this research note, we map the key acquisitions, partnerships, and investments made by Allegion in the past six years to reveal the firm’s strategic priorities […]

Daikin Investments Partnerships Startups
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Daikin Collaborates with Startups in the Smart Buildings Space

Headquartered in Tokyo, Japan, Daikin Industries Ltd, is the global No. 1 air conditioning manufacturer, with over 88,000 employees, 100 production sites, and more than $27 billion (3.1 trillion Japanese yen) in sales across the 170 countries in which it operates. Through joint development with partner companies that include customers and startups, the company is […]

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