building automation

The global commercial building automation market  is expected to reach US$108.49 bn by 2024, after expanding at a steady CAGR of 4.3% from 2016 to 2024. Government initiatives for constructing green buildings and the rising primary focus on green building by more companies are the key contributors to this growth. Other factors driving it include a gain in demand for building automation within the small and medium sized buildings segments after the growing use of include energy consumption analytics, the need to improve occupant comfort level and mental satisfaction for environment-conscious buyers.

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