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Honeywell Traces Its Roots To 1885 With Albert Butz'S Firm, Butz Thermo-Electric Regulator, Which Produced A Predecessor To The Modern Thermostat. Other Inventions By Honeywell Include Biodegradable Detergent And Autopilot. Today, Honeywell Is A Global Multi-Industry Behemoth With One Of The Largest Installed Bases Of Equipment. It Operates Through Four Business Segments: Aerospace Technologies, Industrial Automation, Energy And Sustainability Solutions, And Building Automation. Recently, Honeywell Has Made Several Portfolio Changes To Focus On Fewer End Markets And Align With A Set Of Secular Growth Trends. The Firm Is Working Diligently To Expand Its Installed Base, Deriving Around One Third Of Its Revenue From Recurring Aftermarket Services.