# South Korea Building Energy Management System Market

> South Korea Building Energy Management System Market Research Report By Type (Wired, Wireless), By Component (Hardware, Software, Services) and By Application (HVAC, Non-HVAC)-Forecast to 2035

- **Forecast Period:** 2025 - 2035
- **CAGR:** 14.66%
- **2024:** $ 166.97 Million
- **2025:** $ 191.45 Million
- **2035:** $ 752 Million
- **Key Players:** Schneider Electric (FR), Johnson Controls (US), Honeywell (US), Siemens (DE), Trane Technologies (IE), BuildingIQ (AU), GridPoint (US), EnerNOC (US), C3.ai (US)

**Report ID:** MRFR/ICT/57616-HCR · **Pages:** 200 · **Author:** Ankit Gupta & Aarti Dhapte · **Last Updated:** April 24, 2026

**URL:** https://www.marketresearchfuture.com/reports/south-korea-building-energy-management-system-market-59387

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## Market Summary

## **South Korea Building Energy Management System Market Overview**

As per MRFR analysis, the South Korea Building Energy Management System Market Size was estimated at 177.03 (USD Million) in 2023. The South Korea Building Energy Management System Market Industry is expected to grow from 200.4(USD Million) in 2024 to 721.4 (USD Million) by 2035. The South Korea Building Energy Management System Market CAGR (growth rate) is expected to be around 12.349% during the forecast period (2025 - 2035).

**Key South Korea Building Energy Management System Market Trends Highlighted**

In South Korea, the Building Energy Management System (BEMS) market is experiencing significant growth due to several key market drivers. The government has established stringent energy efficiency regulations aimed at reducing greenhouse gas emissions and enhancing sustainability.

This pushes building owners and operators to adopt advanced technologies for managing energy consumption efficiently. Furthermore, the rising awareness of energy conservation among consumers and businesses is driving the demand for smart and integrated energy solutions that offer real-time monitoring and data analytics.

Opportunities to be explored in South Korea’s BEMS market include the increasing integration of Internet of Things (IoT) devices and artificial intelligence (AI) within energy management systems.The demand for systems that can independently change energy consumption depending on real-time data keeps growing as smart buildings become more and more common.

Furthermore, since companies want to meet government targets for energy efficiency, there is a clear chance for creative service providers to provide customized solutions covering particular building types and needs.

Cloud-based BEMS, which enable simpler updates and scalability, have been rather popular recently. This change also promotes improved cooperation among several systems in a building, enabling the best energy use. Furthermore, the building of environmentally friendly structures in South Korea is attracting attention since it fits national goals for sustainable urban growth.

As a result, there is a growing interest in integrating BEMS with renewable energy sources, reflecting a shift towards greener building practices. This focus on sustainability and innovation positions South Korea as a key player in the evolving landscape of energy management systems.

Source: Primary Research, Secondary Research, _Market Research Future_ Database**,****and Analyst Review**

**South Korea Building Energy Management System Market Drivers**

**Government Initiatives and Policies**

The South Korean government has been actively promoting energy efficiency and sustainability through various initiatives and policies, particularly aimed at the Building Energy Management System Market Industry. The 'Green Building Certification System' encourages the adoption of energy-efficient technologies in buildings, which can significantly reduce energy consumption.

According to the Ministry of Land, Infrastructure and Transport, the country aims to increase the proportion of green-certified buildings to 30% by 2030.This push towards sustainable building practices is expected to drive demand for Building Energy Management Systems, facilitating better energy monitoring and managing capabilities in line with regulatory requirements.

Established organizations like the Korea Green Building Council are also playing a crucial role in advocating for these policies, further stimulating market growth.

**Rising Energy Costs**

As global energy prices continue to rise, South Korea faces increasing pressure to improve energy efficiency within its buildings. National statistics indicate that electricity rates in South Korea have seen an increase of nearly 10% in the past two years.

This surge in costs is prompting both commercial and residential sectors to consider implementing Building Energy Management Systems as a means to reduce operational costs.

Organizations like Korea Electric Power Corporation (KEPCO) are actively promoting energy-efficient solutions, emphasizing the need for advanced management tools that can optimize energy use.This market trend is likely to bolster the South Korea Building Energy Management System Market Industry as stakeholders seek to mitigate the impact of soaring energy bills.

**Technological Advancements**

The rapid advancement in technology, particularly in the IoT (Internet of Things), artificial intelligence, and machine learning, has opened new avenues for the Building Energy Management System Market Industry in South Korea.

With over 90% of new buildings integrated with smart technologies as of recent reports by the South Korean Ministry of Trade, Industry, and Energy, the capabilities of Building Energy Management Systems have expanded immensely.

These technologies not only improve energy monitoring but also optimize energy usage based on real-time data analysis. Companies like Samsung and LG are leading the charge in developing these smart energy solutions, making them more accessible and attractive to building owners looking to enhance efficiency and sustainability.

**South Korea Building Energy Management System Market Segment Insights**

**Building Energy Management System Market Type Insights**

The South Korea Building Energy Management System market is expected to experience substantial growth, with a focus on the various types of systems that are integral to its development. The Type segmentation primarily encompasses Wired and Wireless systems, both of which play crucial roles in optimizing building energy use and enhancing operational efficiency.

Wired systems have historically been favored for their reliability and security; they utilize physical connections to ensure stable communication that can support complex energy management tasks.

This traditional approach allows for extensive integration with existing infrastructure, making it significant, especially in older buildings being retrofitted with modern technology.

On the other hand, Wireless systems are gaining momentum due to their flexibility, ease of installation, and lower costs associated with infrastructure development. They facilitate quick deployments and can be scaled according to the specific energy management needs of a facility, which is increasingly important in the context of South Korea's commitment to increasing energy efficiency and sustainability across various sectors.

This segment is seeing a rise in adoption as organizations seek to utilize IoT technologies, which allow for real-time monitoring and control of energy usage, leading to both cost savings and enhanced energy efficiency. The South Korea government is actively promoting the transition towards more intelligent energy management solutions as part of its Green New Deal initiative, which encourages advancements in technology while aiming to reduce carbon emissions.

As both Wired and Wireless systems become more intertwined with smart technologies, the growth of these segments is propelled by the increasing adoption of sustainable practices in the construction and management of buildings. As energy demand in South Korea continues to escalate, the integration of such systems is not only seen as a necessity for businesses but also as an opportunity to fulfill regulatory mandates and contribute to national goals related to energy conservation.

Moreover, the market dynamics within the Type segment are being influenced by the accelerating push towards data-driven solutions, which harness analytics and machine learning to optimize energy consumption patterns.

Both Wired and Wireless options will evolve, with innovations driving the development of more sophisticated control systems that can adapt to changing energy needs and integrate seamlessly with renewable energy sources.

This dual approach ensures that, whether through secure wired connections or agile wireless networks, the South Korea Building Energy Management System market remains poised for dynamic growth and significant advancements in operational efficiency.

Source: Primary Research, Secondary Research, _Market Research Future_ Database**,****and Analyst Review**

**Building Energy Management System Market Component Insights**

The Component segment of the South Korea Building Energy Management System Market encompasses Hardware, Software, and Services, each playing a pivotal role in enhancing energy efficiency and operational performance in buildings.

Hardware includes devices like sensors, controllers, and HVAC systems that are integral in monitoring and regulating energy usage, thereby supporting smart building initiatives. Software solutions are essential for analyzing data collected from hardware, enabling building managers to optimize energy consumption and reduce costs through real-time insights and predictive analytics.

Additionally, Services such as installation, maintenance, and consulting provide critical support that ensures effective integration and ongoing functionality of BEMS. The growing emphasis on sustainable architecture and government initiatives promoting energy conservation are significant drivers for this segment, enhancing technology adoption.

Overall, as South Korea advances its commitment to reduce greenhouse gas emissions and improve energy efficiency, the Component segment is strategically positioned to support these goals while providing a robust contribution to the overall market landscape.

**Building Energy Management System Market Application Insights**

The South Korea Building Energy Management System Market is increasingly driven by the Application segment, encompassing both HVAC and Non-HVAC systems. HVAC systems play a crucial role in maintaining comfortable indoor environments, thereby dominating the market due to their direct impact on energy consumption and efficiency.

With South Korea's focus on energy conservation and sustainability, innovations in HVAC technologies have led to enhanced system performance and reduced operational costs. Meanwhile, Non-HVAC applications, such as lighting control, energy monitoring, and building automation, are gaining traction as organizations aim to optimize energy usage through smarter technologies.

The government of South Korea supports these initiatives by promoting energy-efficient practices, encouraging industries to adopt advanced energy management systems. The market is continually evolving, driven by the need for energy resilience, environmental regulations, and advancements in technology.

The growing emphasis on sustainable building practices highlights the importance of both segments in achieving national energy goals and reducing greenhouse gas emissions, which further underlines the significance of the South Korea Building Energy Management System Market.

**South Korea Building Energy Management System Market Key Players and Competitive Insights**

The South Korea Building Energy Management System Market is gaining significant traction as businesses and organizations increasingly prioritize energy efficiency and sustainability.

The competitive landscape of this market is characterized by advanced technological innovations, regulatory compliance, and a growing demand for smart building solutions aimed at reducing operational costs and enhancing energy management.

As government initiatives focus on green building practices and energy-saving measures, various companies are vying to establish their dominance through differentiated products and strategic partnerships.

This arena is marked by the presence of both multinational corporations and local players, each bringing unique strengths and capabilities that cater to an evolving market need for efficient and intelligent building management solutions.In the South Korea Building Energy Management System Market, Trane positions itself as a formidable player with an extensive portfolio of energy-efficient solutions that cater to commercial and industrial sectors.

Known for their innovative HVAC systems, Trane has established a reputation for excellence in optimizing energy use and improving indoor air quality. The company’s strengths lie in its ability to provide tailored energy management solutions, technical expertise, and customer-centric services, which resonate well with the increasing demands of South Korean enterprises seeking to minimize their energy consumption and carbon footprint.

Furthermore, Trane's commitment to technology advancement and enhancing customer experience through smart solutions has solidified its presence as a leader in the South Korean market.Samsung Electronics plays a pivotal role in the South Korea Building Energy Management System Market by leveraging its technological advancements and strong brand equity.

The company offers an array of key products and services within this domain, including energy management software, IoT devices, and smart building technologies designed to enhance operational efficiency and sustainability. Samsung Electronics capitalizes on its integrated solutions that incorporate both hardware and software, enabling real-time monitoring and analytics of energy consumption in buildings.

With a strategic focus on innovation, the company reinforces its market presence through continuous upgrades and product launches that respond to the changing needs of energy management in South Korea. Strengthened by its extensive research and development capabilities, Samsung conducts strategic mergers and acquisitions to expand its portfolio, thereby enhancing its competitive edge in the rapidly evolving Building Energy Management System landscape within the region.

**Key Companies in the South Korea Building Energy Management System Market Include**

- Trane
- Samsung Electronics
- Schneider Electric
- Honeywell
- Johnson Controls
- EnergyHub
- Siemens
- Bosch
- LG Electronics
- Cisco Systems
- BuildingIQ
- ABB
- Mitsubishi Electric
- Emerson Electric

**South Korea Building Energy Management System Market****Developments**

The South Korea Building Energy Management System (BEMS) market is witnessing significant developments, driven by a national push for energy efficiency and sustainability. Recent initiatives by the South Korean government include incentives for adopting smart building technologies, pushing companies like Samsung Electronics and LG Electronics to innovate in energy management solutions.

In September 2023, Schneider Electric launched its latest energy management software tailored for the South Korean market, emphasizing real-time energy analytics. Johnson Controls has also made headlines with its commitment to invest in BEMS solutions, aiming to enhance operational efficiency across commercial buildings.

In August 2023, Trane announced a partnership with local firms to develop advanced building systems, aligning with South Korea's goal of optimizing energy consumption. Notable mergers include Honeywell’s acquisition of a South Korean smart thermostat startup in April 2023, expanding its footprint in the region.

Siemens continues to push its digital twin technology for energy management in buildings, promoting sustainability. Market forecasts indicate a burgeoning growth trajectory, with the South Korean BEMS market projected to reach substantial valuation heights by 2025, spurring competitive innovations across companies like ABB and Emerson Electric.

**South Korea Building Energy Management System Market Segmentation Insights**

**Building Energy Management System Market Type****Outlook**

- Wired
- Wireless

**Building Energy Management System Market Component****Outlook**

- Hardware
- Software
- Services

**Building Energy Management System Market Application****Outlook**

- HVAC
- Non-HVAC

## Market Drivers

### Rising Energy Costs

The escalating costs of energy in South Korea are driving the demand for building energy-management-system market solutions. As energy prices continue to rise, businesses and property owners are increasingly seeking ways to optimize energy consumption and reduce operational expenses. The building energy-management-system market provides tools for real-time monitoring and analysis of energy usage. This allows for more informed decision-making. In 2025, energy costs are projected to increase by approximately 15%, prompting a shift towards energy-efficient technologies. This trend indicates a growing reliance on building energy-management systems to mitigate financial impacts and enhance sustainability efforts.

### Sustainability Goals

The increasing emphasis on sustainability and environmental responsibility is a key driver for the market. South Korea has set ambitious targets for reducing greenhouse gas emissions, aiming for a 40% reduction by 2030. This commitment encourages businesses to adopt energy-efficient practices and technologies. Building energy-management systems play a crucial role in achieving these sustainability goals by providing insights into energy consumption patterns and facilitating the implementation of energy-saving measures. As organizations strive to meet regulatory requirements and enhance their corporate social responsibility, the demand for building energy-management systems is expected to grow.

### Technological Advancements

Technological innovations are significantly influencing the building energy-management-system market in South Korea. The integration of advanced analytics, artificial intelligence, and machine learning into energy management systems allows for enhanced predictive capabilities and automation. These technologies enable users to identify inefficiencies and optimize energy usage more effectively. In 2025, it is estimated that the adoption of smart building technologies will increase by 20%, further propelling the growth of the building energy-management-system market. As organizations seek to leverage these advancements, the demand for sophisticated energy management solutions is likely to rise.

### Increased Regulatory Pressure

The market is also being shaped by heightened regulatory pressure in South Korea. The government has implemented stricter energy efficiency standards and building codes, compelling property owners to adopt energy management solutions. Compliance with these regulations is essential for avoiding penalties and ensuring operational efficiency. In 2025, it is anticipated that regulatory frameworks will become even more stringent, further driving the adoption of building energy-management systems. This regulatory environment creates a favorable landscape for market growth, as organizations seek to align with compliance requirements while enhancing their energy performance.

### Urbanization and Infrastructure Development

Rapid urbanization in South Korea is contributing to the expansion of the building energy-management-system market. As cities grow and infrastructure develops, there is an increasing need for efficient energy management in commercial and residential buildings. The government has invested heavily in smart city initiatives, which often include the deployment of building energy-management systems to optimize energy use. By 2025, urban areas are projected to account for over 80% of the population, intensifying the demand for energy-efficient solutions. This trend suggests that the building energy-management-system market will continue to thrive as urban centers evolve.

## Future Outlook

The market is projected to grow at a 14.66% CAGR from 2025 to 2035, driven by technological advancements, regulatory support, and increasing energy efficiency demands.

**New opportunities:**

- Integration of AI-driven analytics for predictive maintenance Development of cloud-based energy management platforms Expansion into smart building technologies and IoT solutions

By 2035, the market is expected to achieve substantial growth, driven by innovation and strategic investments.

## Segment Insights

### By Type: Wired (Largest) vs. Wireless (Fastest-Growing)

In the South Korea building energy-management-system market, the wired segment captures a significant share of the overall market, attributed to its reliability and robustness in connectivity. Businesses and industrial facilities favor wired solutions for their proven performance and lower susceptibility to interference. As technology improves and integrates with existing infrastructures, this segment is expected to maintain its stronghold, ensuring seamless operations and security, particularly in larger establishments. Conversely, the wireless segment is emerging as the fastest-growing category, driven by innovations in IoT and smart technologies. As companies prioritize flexibility and scalability, wireless systems are gaining traction, allowing easier installations and adaptability to changing environments. The growing trend towards remote monitoring and management further fuels the demand for wireless solutions, which cater to dynamic user needs and enhance operational efficiencies.

Type: Wired (Dominant) vs. Wireless (Emerging)

The wired segment stands out as the dominant choice in the market, delivering high-speed, stable communications necessary for critical operations in commercial and industrial environments. Its established infrastructure provides an advantage in large-scale deployments. On the other hand, the wireless segment represents an emerging force, appealing to sectors focused on progressive, agile solutions that can adapt to modern building needs. Wireless technologies promote installation convenience and offer integrated smart capabilities that address contemporary demand for energy efficiency and real-time data access, positioning them as vital components in the ongoing transition of energy management systems.

### By Component: Software (Largest) vs. Services (Fastest-Growing)

In the South Korea building energy-management-system market, the component segment is led by software, which has established itself as the largest part of the market due to its essential role in optimizing energy consumption. Hardware closely follows, providing vital infrastructure and tangible products necessary for system implementation. Services, while currently a smaller portion, are gaining traction as energy efficiency consultations and maintenance services become indispensable for clients looking for comprehensive solutions. The growth trends within this segment are highly favorable, particularly for services, which are becoming the fastest-growing sector fueled by increasing awareness of energy efficiency and sustainability practices. Organizations are investing in software solutions that offer integrated management capabilities, while services are focused on supporting users in the transition toward more energy-efficient operations, creating a robust ecosystem where each component enhances the overall framework.

Software (Dominant) vs. Services (Emerging)

Software in the South Korea building energy-management-system market is characterized by its robust capabilities for data analytics, real-time monitoring, and automation, allowing facilities to optimize energy usage efficiently. Its popularity stems from its flexibility and the significant cost savings it can deliver over time. Conversely, services are seen as emerging, focusing on consulting, installation, and maintenance options tailored to specific customer needs. The emergence of services is driven by a growing demand for technical support that can help organizations achieve and maintain their energy efficiency goals, thus creating a dynamic shift toward comprehensive energy management solutions that incorporate both software and service elements.

### By Application: HVAC (Largest) vs. Non-HVAC (Fastest-Growing)

In the South Korea building energy-management-system market, the application of HVAC systems dominates the segment distribution, driven by the continuous demand for efficient heating, ventilation, and air conditioning solutions. HVAC accounts for a significant share of the total application market, emphasizing its critical role in energy management within various types of buildings. Conversely, Non-HVAC systems are emerging rapidly, spurred by innovations in building technology and an increasing focus on sustainability. This segment is gaining traction among building operators seeking to optimize energy usage beyond traditional HVAC systems. The growth trends within the application segment reveal a notable shift towards Non-HVAC solutions, which are increasingly recognized for their ability to contribute to lower operational costs and improved energy efficiency. The rapid adoption of smart technologies and the Internet of Things (IoT) in building management are primary drivers of this growth, facilitating enhanced monitoring and control capabilities. As organizations prioritize sustainable practices and energy-efficient operations, the Non-HVAC segment is expected to witness aggressive growth, closing the gap with its HVAC counterpart over the coming years.

Application: HVAC (Dominant) vs. Non-HVAC (Emerging)

HVAC systems are established as the dominant application within the South Korea building energy-management-system market, characterized by their vital contributions to maintaining indoor climate comfort and improving energy efficiency. These systems incorporate advanced technologies to monitor and control temperature, humidity, and air quality, making them essential for various building types, from residential to commercial. On the other hand, Non-HVAC applications, though currently less dominant, are emerging due to trends like smart building management and increased regulatory focus on energy conservation. Non-HVAC solutions often include automated lighting, energy monitoring systems, and building management software, which enhance the overall energy performance of buildings, and as such, they are quickly becoming a priority for many stakeholders in the building sector.

## Competitive Benchmarking

The [building energy-management-system market](https://www.marketresearchfuture.com/reports/building-energy-management-system-market-11848)in South Korea is characterized by a dynamic competitive landscape, driven by increasing energy efficiency demands and regulatory pressures for sustainability. Major players such as Schneider Electric (FR), Johnson Controls (US), and Honeywell (US) are at the forefront, each adopting distinct strategies to enhance their market positioning. Schneider Electric (FR) emphasizes innovation through its EcoStruxure platform, which integrates IoT technology to optimize energy consumption. Meanwhile, Johnson Controls (US) focuses on regional expansion and strategic partnerships, enhancing its service offerings in smart building technologies. Honeywell (US) is leveraging digital transformation initiatives to streamline operations and improve customer engagement, collectively shaping a competitive environment that prioritizes technological advancement and sustainability. Key business tactics within this market include localizing manufacturing and optimizing supply chains to enhance responsiveness to regional demands. The competitive structure appears moderately fragmented, with several key players exerting influence over market dynamics. This fragmentation allows for a diverse range of solutions, catering to various customer needs while fostering innovation through competition. In September 2025, Schneider Electric (FR) announced a partnership with a leading South Korean tech firm to develop advanced energy analytics solutions. This collaboration is poised to enhance Schneider's capabilities in delivering tailored energy management solutions, thereby strengthening its foothold in the region. The strategic importance of this partnership lies in its potential to leverage local expertise and accelerate the deployment of innovative technologies. In October 2025, Johnson Controls (US) launched a new suite of energy management tools specifically designed for the South Korean market. This initiative reflects the company's commitment to addressing local energy challenges and aligns with national sustainability goals. By introducing these tools, Johnson Controls (US) aims to enhance operational efficiency for its clients, thereby reinforcing its competitive edge. In August 2025, Honeywell (US) unveiled a new AI-driven platform aimed at optimizing building energy consumption. This platform integrates machine learning algorithms to predict energy usage patterns, allowing for more efficient energy management. The introduction of this technology signifies Honeywell's focus on digitalization and positions the company as a leader in innovative energy solutions. As of November 2025, current trends in the building energy-management-system market are heavily influenced by digitalization, sustainability, and AI integration. Strategic alliances among key players are increasingly shaping the competitive landscape, fostering innovation and enhancing service delivery. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on technological innovation, reliability in supply chains, and the ability to deliver sustainable solutions. This shift underscores the importance of adaptability and forward-thinking strategies in maintaining a competitive advantage.

## Report Scope

| MARKET SIZE 2024 | 166.97(USD Million) |
| --- | --- |
| MARKET SIZE 2025 | 191.45(USD Million) |
| MARKET SIZE 2035 | 752.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 14.66% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2019 - 2024 |
| Market Forecast Units | USD Million |
| Key Companies Profiled | Schneider Electric (FR), Johnson Controls (US), Honeywell (US), Siemens (DE), Trane Technologies (IE), BuildingIQ (AU), GridPoint (US), EnerNOC (US), C3.ai (US) |
| Segments Covered | Type, Component, Application |
| Key Market Opportunities | Integration of advanced analytics and IoT technologies enhances efficiency in the building energy-management-system market. |
| Key Market Dynamics | Growing regulatory emphasis on energy efficiency drives innovation in building energy-management systems in South Korea. |
| Countries Covered | South Korea |

## Frequently Asked Questions

**Q: What is the current market valuation of the building energy-management-system market in South Korea?**
A: The market valuation was $166.97 Million in 2024.

**Q: What is the projected market valuation for 2035?**
A: The projected valuation for 2035 is $752.0 Million.

**Q: What is the expected CAGR for the building energy-management-system market during the forecast period 2025 - 2035?**
A: The expected CAGR during this period is 14.66%.

**Q: Which companies are the key players in the building energy-management-system market?**
A: Key players include Schneider Electric, Johnson Controls, Honeywell, Siemens, and Trane Technologies.

**Q: What are the main segments of the building energy-management-system market?**
A: The main segments include Type, Component, and Application.

**Q: How did the wired and wireless segments perform in 2024?**
A: In 2024, the wired segment was valued at $66.97 Million, while the wireless segment reached $100.0 Million.

**Q: What is the valuation of hardware, software, and services components in 2024?**
A: In 2024, hardware was valued at $50.0 Million, software at $60.0 Million, and services at $56.97 Million.

**Q: What are the HVAC and non-HVAC application valuations for 2024?**
A: In 2024, HVAC applications were valued at $80.0 Million, whereas non-HVAC applications reached $86.97 Million.

**Q: How is the market expected to evolve from 2025 to 2035?**
A: The market is likely to experience substantial growth, reaching $752.0 Million by 2035.

**Q: What trends are influencing the growth of the building energy-management-system market?**
A: Trends include increasing energy efficiency demands and advancements in smart building technologies.


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