With rising concerns over carbon emissions and wasteful energy consumption, the efficiency of commercial buildings has become a critical area of focus for the construction industry.
As a building owner or operator, keeping up with the ever-changing landscape of HVAC systems and ways to make your building more operationally efficient is a must.
If you’re looking for better ways to save money, cut energy use and be more efficient, it’s useful to take a look at where the industry is moving.
Technavio’s latest report on the global air conditioning market provides insight on some of the most significant trends expected to impact the market from this year through to 2020.
Here is a summary of the trends:
  • Increased popularity of smart thermostats

  • Rapid adoption of inverter ACs

  • Demand for integrated systems

  • Introduction of air purifying technology

Increased Popularity of Smart Thermostats
Smart thermostats are increasing in adoption globally as a better way to manage HVAC systems. For smaller buildings, smart thermostats can immediately impact money and energy savings.
With a smart thermostat, building owners can easily control and manage energy use from anywhere using a smartphone, tablet or laptop. These thermostats can control the temperature and humidity in multiple rooms from one simple interface, resulting in energy- and money-saving opportunities. According to Navigant Research, global revenue for communicating and smart thermostats and associated software and services is expected to grow from $146.9 million in 2014 to $2.3 billion in 2023.
Rapid Adoption of Inverter ACs
Inverter-type air conditioners are becoming increasingly popular as they occupy less space, and can achieve greater efficiency at lower costs when compared to traditional AC systems. They are incorporated with a variable speed compressor that switches off once the desired temperature is reached and switches on when the temperature changes, to provide energy savings. According to the report, Japan has the highest ratio of inverter-type products, covering residential ACs. In Latin America and Europe, these systems are also gaining widespread popularity.
Demand for Integrated Systems
Demand for systems to become more integrated is increasing, as building owners seek the benefits of greater efficiency by managing building systems from one control interface.
Across the industry, we’re starting to see more integration of HVAC controls and building systems, such as lighting and access controls.
Integrated structures can eliminate redundancy in systems and provide better occupant comfort. In particular, integrated systems allow operators to monitor cooling and alter the cooling remotely based on requirements. These systems have already gained popularity in commercial offices, and they are also gaining popularity in hotels, healthcare facilities, schools, and retail stores.
Introduction of Air Purifying Technology
To address increasing concerns over indoor air quality, companies are now developing a range of new air purifying technologies to remove contaminants from the air in buildings.
This includes the integration of air purification systems in air conditioners, allowing building owners to cool the air and remove impurities using one system. These new air purifying technologies are helping building owners to neutralize bacteria and viruses, and remove unpleasant odors and allergens such as mites, mold, and pollen.
To learn more about how to improve your building and take advantage of these emerging trends, contact our Services team today.
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