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Guidehouse Insights Estimates Global Market for Commercial HVAC Equipment Will Grow to Nearly $327 Billion by 2033

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Market drivers include pent-up replacement demand, corporate sustainability commitments, government incentives and cooling equipment adoption 

BOULDER, Colo., Oct. 1, 2024 /PRNewswire/ — A new report from Guidehouse Insights explores the global market for commercial HVAC equipment that can reduce energy consumption and, increasingly, decarbonize heating systems and eliminate onsite fossil fuel use.

Despite being fairly saturated, the global market for commercial HVAC equipment is expected to grow over the next decade. According to a new report from Guidehouse Insights, commercial HVAC revenue is expected to grow from an estimated $229.2 billion in 2024 to $326.6 billion in 2033, at a compound annual growth rate (CAGR) of 4.0%.

“The commercial HVAC market is highly competitive among supply-side stakeholders, including manufacturers, distributors, sales representatives, contractors, and engineering firms,” says Hannah Bastian, research analyst with Guidehouse Insights. “M&A activity has been robust in the last few years and does not show signs of slowing down in the near term, suggesting the market is likely to continue growing and changing over the next decade.”

Several market drivers are creating demand for HVAC equipment that can reduce energy consumption and, increasingly, decarbonize heating systems and eliminate onsite fossil fuel use. Cooling equipment is also becoming more common in both existing and new buildings around the world, driving revenue growth in the commercial HVAC market. 

At the same time, several barriers may limit and slow this growth. Macroeconomic conditions like inflation, workforce shortages, and high interest rates have made it challenging for building owners to pursue equipment upgrades. Supply-side bottlenecks like inflated material costs and manufacturing capacity have limited manufacturers’ ability to keep up with demand, and this situation is likely to continue in the near future, according to the report.  

The report, Commercial HVAC Market, evaluates how market drivers, barriers, and trends are likely to affect the commercial HVAC market over the next 10 years. It provides an overview of the key market stakeholders and their role in the industry value chain, and offers recommendations for how they can stay competitive as the market evolves in the near and long term. The analyses in this report estimate commercial HVAC revenue growth from 2024 to 2033, segmented by technology type, construction type, and global region. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse
Guidehouse is a global consultancy providing advisory, digital, and managed services to the commercial and public sectors. Guidehouse is purpose-built to serve the national security, financial services, healthcare, energy, and infrastructure industries. Disrupting legacy consulting delivery models with its agility, capabilities, and scale, the firm delivers technology-enabled and focused solutions that position clients for innovation, resilience, and growth. With high-quality standards and a relentless pursuit of client success, Guidehouse’s more than 17,000 employees collaborate with leaders to outwit complexity and achieve transformational changes that meaningfully shape the future. guidehouse.com

* The information contained in this press release concerning the report, Commercial HVAC Market, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:

Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
cfradkin@scprgroup.com 

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SOURCE Guidehouse Insights

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Spaceport Partners With Own The Doge to Bring the Message of “Do Only Good Everyday (D.O.G.E.)” to Roblox, Fortnite and the Digital Realm with One of the World’s Most Iconic Memes, Kabosu: The Doge

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LOS ANGELES, Oct. 1, 2024 /PRNewswire/ — Spaceport, the leading innovator in unlocking the power of intellectual Property (IP) and user-generated content (UGC), today announced an exciting partnership with Own the Doge, the official custodians of the Kabosu “Doge” IP. Own The Doge is committed to giving back to charity whenever possible, just like their inspiration Atsuko Sato, the Dogemother. This collaboration not only helps spread that message by increasing the visibility of the Doge IP to new audiences on digital platforms like Roblox, Fortnite and more. It also helps increase licensing fees which are a vital source of funding for grants that the community gives to a variety of nonprofits and community projects globally.

The Doge, with its instantly recognizable image and important message of “Do Only Good Everyday”, has transcended the realm of memes to become a global cultural phenomenon. This partnership empowers UGC developers, and creators across gaming, the metaverse, and other digital spaces to spread the Doge IP and its message of creating a better society.

“Kabosu, the Doge, is more than just a meme; It’s a symbol of positivity and community,” said Le Zhang, Founder and CEO of Spaceport. “We’re thrilled to partner with Own the Doge to make this iconic IP accessible to creators who share the Doge spirit and want to make a positive impact with their work.”

“We’re excited to work with Spaceport to bring the Doge to a wider audience and empower a new generation of creators while raising funds for our charitable giving,” said Tridog, Chief Dog of Own The Doge. “This partnership aligns perfectly with our mission to spread positivity and make a difference in the world, just like the Dogemother herself, Atsuko Sato.”

This announcement builds on Spaceport’s continued expansion of its IP portfolio. Recent partnerships include Toei Animation and Com2uS, further demonstrating Spaceport’s commitment to providing creators and developers with access to the world’s most recognizable and beloved IP.

About Spaceport

Spaceport is building the Internet of IP (Intellectual Property) by seamlessly connecting brands and agencies with the world’s largest network of creators and developers. The company’s mission is to democratize access to the world’s best IPs, empowering owners to unlock new revenue streams and enhance fan engagement. As the leading solution for millions of creators on top platforms like Roblox, Fortnite and Threadless, Spaceport is shaping a future where all IP, both online and offline, is efficiently managed and monetized through their innovative Web3-based infrastructure. Founded in 2022 and headquartered next to MIT in Cambridge, MA with offices in Los Angeles and Berkeley, CA, Spaceport is pioneering the future of IP. Learn more at https://www.spaceport.xyz/

About Own The Doge
Own The Doge is a movement backed by the original Doge meme, endorsed by Atsuko Sato and the dog we all know and love, Kabosu. Our mission is to use the Doge meme and IP to pursue, propel and proliferate the ethos of D.O.G.E. (Doing Only Good Everyday). Join in on the fun at ownthedoge.com.

View original content:https://www.prnewswire.com/news-releases/spaceport-partners-with-own-the-doge-to-bring-the-message-of-do-only-good-everyday-doge-to-roblox-fortnite-and-the-digital-realm-with-one-of-the-worlds-most-iconic-memes-kabosu-the-doge-302264152.html

SOURCE Spaceport.xyz

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Advisory Board Announced for Geo Week 2025 in Denver CO

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Geo Week Advisory Board is set to help deliver critical insights to geospatial and built world professionals.

PORTLAND, Maine, Oct. 1, 2024 /PRNewswire-PRWeb/ — Portland, MaineUSA, October 1, 2024 – Organizers of Geo Week, the premier event that champions the coming together of geospatial technologies and the built world, have announced an impressive list of influential leaders within the geospatial and built world industries who will be participating on the 2025 Advisory Board. The Advisory Board is responsible for recommending conference topics and speakers, reviewing submitted abstracts, consulting on the program, and acting as a resource to develop different aspects of the event. Geo Week 2025 takes place February 10-12, 2025, in Denver, Colorado.

“Geo Week brings together experts and academics across the whole spectrum of the geospatial community. This allows attendees to see what is new and is being developed in terms of technology, methods, and ideas, all in one place,” – Andrew Brenner, NV5 Geospatial.

“Geo Week brings together experts and academics across the whole spectrum of the geospatial community. This allows attendees to see what is new and is being developed in terms of technology, methods, and ideas, all in one place,” said Geo Week Advisory Board member Andrew Brenner, Director, Government Geospatial Growth Initiatives at NV5 Geospatial.

Members of the 2025 Advisory Board include:
Dr. Qassim Abdullah, Woolpert, Inc.
Aaron Addison, World Geospatial Industry Council (WGIC)
Dan Bellissemo, GIS Surveyors, Inc.
Andrew Brenner, NV5 Geospatial
Matthew Byrd, Reality Capture Network
Martin Flood, GeoCue
Robert Hanson, MAPPS
Thomas Haun, Turner Staffing Group
Shawana Johnson, Global Marketing Insights, Inc.
Christopher Kercheval, TopKerv Consulting
Kourosh Langari, Caltrans
Dr. Derek Lichti, ISPRS
John McCombs, ASPRS
Jonathan Murphy, GoGeomatics Canada
Danielle O’Connell, Skanska
John Russo, USIBD
Claire L. Rutkowski, POWER Engineers
Ronda Schrenk, USGIF
Scott Simmons, Open Geospatial Consortium
Jason Stoker, U.S. Geological Survey (USGS)
Bios can be found here.

Registration will open in October. Geospatial and built world professionals are encouraged to register early to secure discounted conference pricing and to fill out the Attendee Inquiry form for event updates.

About Geo Week

Geo Week, presented by Geo Weeks News, was created in response to the changing needs of the built world and geospatial professionals and to acknowledge the increasing convergence of technology. Geo Week’s conference program and tradeshow floor feature commercial applications of 3D technologies, innovations, and case studies in the built environment, advanced airborne and terrestrial remote sensing solutions, smart products for a full project team, and more. Multiple strategic partnerships, including Conference and Event Partners ASPRS and Reality Capture Network, plus Event Partners ISPRS, MAPPS, USGIF, USIBD, and WGIC strengthen Geo Week. Geo Week occurs February 10-12, 2025, at the Colorado Convention Center, Denver, CO. For more information, visit https://www.geo-week.com/.

Geo Week is produced by Diversified Communications’ technology portfolio, which also includes Commercial UAV News; Geo Week, Geo Week Newsletter, 3D Technology Newsletter, AEC Innovations Newsletter, Geo Business (UK) and Digital Construction Week (UK).

For more information about exhibiting at the Geo Week, visit the Exhibitor Information page or contact Casey Reynolds, Sales Manager, at creynolds@divcom.com or (207) 842-5624 or Dominique Caron, Account Executive, at dcaron@divcom.com or (207) 842-5404. For Attendee Inquiries, visit the Attendee Inquiry page or email info@geo-week.com

Questions?

Lora Burns,
Geo Week Senior Marketing Manager,
lburns@divcom.com

Media Contact

Lora Burns, Diversified Communication, (207) 842-5522, Lburns@divcom.com, https://www.geo-week.com/

View original content to download multimedia:https://www.prweb.com/releases/advisory-board-announced-for-geo-week-2025-in-denver-co-302263974.html

SOURCE Diversified Communication

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Sun River Health Hosts Climate and Health Equity in Action Event in Brooklyn

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BROOKLYN, N.Y., Oct. 1, 2024 /PRNewswire/ — Sun River Health, a health care provider with sites throughout the Hudson Valley, New York City, and Long Island, was proud to host an ecoAmerica Climate and Health Equity in Action event on Wednesday, September 25 at their health center on Bedford Avenue in Brooklyn. Panelists Anne Kauffman Nolon, MPH, CEO of Sun River Health, Zoya Teirstein, Staff Write at Grist, Jessica Hinshaw, Environmental Health Director of the National Association of Community Health Centers, Ben Fulgencio-Turner, Director of Climate for Health at ecoAmerica, and Katherine Catalano, Deputy Director of the Center for Climate & Health Equity at the American Public Health Association, gathered together to discuss climate solutions that center on the needs of low-income and marginalized communities who are the most vulnerable in the face of the climate change crisis.

Climate change poses a number of impacts on health, including heat related illness and death; cardiovascular failure; forced migration; mental health impacts; malnutrition and gastro-intestinal disease; water-borne disease; respiratory disease, including asthma and allergies; and vector-borne disease, including malaria, Lyme disease, and West Nile virus. The national cost of continued climate change inaction could be up to $820 billion annually.

With over 86% of community health center patients living at or below 200% of the federal poverty level, Anne Kauffman Nolon shared the pledge of the Sun River Health Board of Directors to do their part to meet the challenge posed by climate change by reducing their own climate footprint, preparing for climate impacts, and leading the way to a low carbon future.

To see the livestreamed recording of the event, visit: https://www.youtube.com/watch?v=1FhA_qcy5co 

About Sun River Health

Sun River Health is a network of 50 Federally Qualified Health Centers (FQHCs) providing primary, dental, pediatric, OB-GYN, and behavioral health care to over 250,000 patients annually. With a dedicated staff of 2,000 doctors, nurses, and health care professionals, we pride ourselves on delivering high-quality, affordable care to those who need it most. Sun River Health started in 1975 when four African American mothers started efforts to open our first health center in Peekskill, New York to deliver accessible, high-quality, affordable health care services to patients in need – no matter their race, religion, income, or insurance status. Today, after more than 45 years of service, Sun River Health is still delivering on that promise to communities across the Hudson Valley, New York City, and Long Island.

sunriver.org

For more information, contact:
Jeffrey Palmer
917-692-9174 / jpalmer@sunriver.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/sun-river-health-hosts-climate-and-health-equity-in-action-event-in-brooklyn-302264131.html

SOURCE Sun River Health

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