Despite stagnant and slowing construction rates in Europe and China, the global market for mechanical locks and door hardware is expected to continue along a path of steady growth. Locking device sales are forecast to grow at a compound annual growth rate (CAGR) of 5 percent, from $7.2 billion in 2014 to more than $9 billion in 2019.
Kuwait University’s Shadadiyah Campus will be cooled by 36 energy efficient York centrifugal chillers from Johnson Controls, a global multi-industrial company. The 6 million square-meter campus is designed to be one of the most energy efficient campuses in the world, home to 40,000 students and more than 10,000 faculty and staff. Continue reading Johnson Controls supplies energy efficient York chillers for Kuwait University
Johnson Controls, Hitachi, Ltd. and Hitachi Appliances, Inc. entered into a definitive agreement for their global joint venture while at the World Economic Forum in Davos, Switzerland. The new Johnson Controls-Hitachi joint venture will allow both companies to deliver the most diverse technology portfolio in the heating, ventilation, air conditioning and refrigeration industry. Continue reading Johnson Controls and Hitachi sign definitive agreement to form global HVAC joint venture
Bosch has partnered with Taurus Investment Holdings, a Boston-based real estate development company backed by private investors, to equip a new 7,500 home master-planned community outside Austin, Texas, with efficient geothermal heat pumps, hot water systems and quiet, premium design appliances. Continue reading Bosch teams with Taurus Investment Holdings to launch energy smart housing community in Austin, Texas
Robert Bosch North America Corporation has acquired Climatec, LLC, a leading provider of energy efficiency, building automation, security and life-safety solutions for the U.S. market. Continue reading Bosch strengthens energy and building technology business with Climatec acquisition
The deployment of billions of advanced systems across major industries over the next five years will be critical to enabling the vision around intelligent systems, according to a new International Data Corporation (IDC) study, Worldwide Embedded and Intelligent Systems 2014-2019 Market Update. Continue reading IDC: Intelligent systems market to ship over 2 billion systems in 2019
Japanese general contractor Takenaka and Microsoft Japan will launch a service next year that optimizes the office building environment using a type of artificial intelligence technology known as machine learning. Continue reading Japan’s Takenaka, Microsoft to automate office climate control
Johnson Controls presented the importance of smart buildings in helping India achieve its goal of creating smart cities – cities that are highly advanced in terms of overall infrastructure, sustainable real estate, integrated communications and technology, energy management and governance – at the 12th India Green Building Congress 2014 (IGBC).