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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Most Popular Articles

Smart Buildings

Azbil’s Building Automation Business 2021 Examined

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 […]

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