Sensing and control start-ups are threatening incumbents in the heating, ventilation, and air conditioning (HVAC) world, as core equipment developers struggle with innovation and finances, according to Lux Research. Just as in the building energy management systems (BEMS) software space, start-ups are innovating faster and challenging large building controls companies’ turf by installing their own connected devices and offering services.
“Large building companies are coming under siege by nimble startups,” said Alex Herceg, Lux Research Analyst and lead author of the report titled, “Identifying Disruption in Advanced HVAC Technologies for Commercial Buildings.”
“In the emerging landscape, large building equipment controls companies must proactively partner with or acquire HVAC tech developers, while utilities and telecom companies can leverage sensors and controls companies to cross-sell services,” he added.
Lux Research analysts evaluated emerging HVAC technologies and start-ups, rating them on the Lux Innovation Grid. Among their findings:
The report, titled “Identifying Disruption in Advanced HVAC Technologies for Commercial Buildings,” is part of the Lux Research Intelligent Buildings Intelligence service.
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