The Global Commercial Building Automation Market, valued at US$ 32.96 billion in 2020, is anticipated to grow at a CAGR of 8.3% from 2021 to 2031. By the end of the forecast period, the market is expected to surpass US$ 76.49 billion. This significant growth is driven by the rising demand for energy-efficient, eco-friendly buildings and the penetration of IoT in building automation systems.
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