TECHGuru

  Commercial Building Automation Market Outlook 2031 The global commercial building automation market was valued at US$ 32.96 Bn in 2020 It is estimated to expand at a CAGR of 8.3% from 2021 to 2031 The global commercial building automation market is expected to cross the value of US$ 76.49 Bn by the end of 2031 Rise in Demand for Construction of Energy-efficient and Eco-friendly Buildings There is a surging demand for energy-conservative processes in commercial buildings. Building automation systems include controlling, monitoring, and automating functions in buildings such as commercial offices, hotels, IT tech parks, schools, retail stores, hospitals, and various other industrial buildings. Commercial building automation system offers remote and centralized control of several building functions across multiple sites. There is an increasing demand for automation services such as HVAC and energy management, lighting and window control, fire safety, security and access control, el...