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Window Automation Market 2020 by Key Companies, Growth and Forecast to 2024 | Automated Door Systems (ADS), Breezway, Colt International Pty Limited, D+H Mechatronic AG, EBSA, Geze GmbH, Gira, Honeywell International, Inc., Insteon, JLC Automation Service

03-23-2020 08:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Window Automation Market

Window Automation Market

Residential window automation market will gain momentum as households are increasingly using the technology to leverage the natural light and heat to the maximum. According to the U.S. Energy Information Administration, in 2015, about 36% of U.S. households depended on the electricity for heating and maintaining indoor temperature. Automated windows allow customers to use natural ventilation to maintain the indoor temperature, allowing the households to reduce energy consumption and reduce the dependence on electric appliances.

Commercial window automation market is witnessing a rapid growth due to the increasing adoption in the retail, hospitality, and public transit sectors. High aesthetic appeal and ease-of-operation of these systems are driving the adoption of these systems in applications such as airports and hotels. Growing focus on smart infrastructure on airports and increasing concerns regarding safety against fire & smoke are compelling the airport authorities to implement these systems. A notable instance testifying the authenticity of the aforementioned statement is that of View, Inc., the California headquartered glass systems manufacturer. Quite a few years ago, View had been selected by the W Hotel in San Francisco to replace its conventional lobby windows with smart windows.

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The resultant design effectuated automated windows that would automatically tint to block glare and heat during the summer months, while being able to adjust to a lesser level when the weather was murky. Since then, there has been no looking back for this giant - today, View's windows are installed in more than 200 commercial buildings, inclusive of schools, office spaces, public structures, and hospitals. In fact, a couple of years back, the company had been selected to install 100,000 square feet of windows at America Center II, the USAA Real Estate Company. On these grounds, View has been aptly named as one of the most dominant players of window automation market, specifically in commercial applications.

As per estimates, by 2050, more than 66% of the global population will be living in the urban landscape, increasing the demand for energy-efficient buildings and the subsequent components such as smart doors and windows. Amidst this backdrop, it is essential that in order to ensure maximum efficiency in automated windows, the stalwarts of the construction domain - manufacturers, designers, and installers need to work in seamless co-ordination and deliver an enhanced product. As the significance that green cities hold for a sustainable, low-carbon future, energy-neutral buildings are likely to soon dominate the construction domain, a move that will substantially augment window automation market trends.

Of late, escalating living standards and the increasing need for building safety have generated considerable opportunities for window automation industry contenders. With evolving developments in smart technology, the demand for next-generation components such as motion sensors and IoT based control panels will observe an appreciable upsurge, drastically transforming window automation market outlook. Taking into account the ease of functionality of these systems, governments bodies have also been encouraging residential building developers to deploy automated windows in their projects. In essence, powered by a supportive regulatory framework and a strong technologically aligned industry background, window automation market size has been forecast to register a CAGR of 6% over 2018-
2024.

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Electric window automation market is projected to grow rapidly, particularly in the applications where manual operations are not feasible. Growing trend of integration of the technologies, such as Wi-Fi and Bluetooth, into these systems to ease communication using handheld devices including smartphones and tablets will accelerate the industry growth. The reducing costs of electronic and electrical components will have a positive impact on the window automation market growth.

The MEA window automation market is projected to witness a significant growth over the forecast timespan due to the flourishing hospitality sector and increasing spending on infrastructure. The region is characterized by a rapidly developing hospitality sector due to a large number of tourists visiting the countries. The hospitality companies are increasingly implementing these systems to provide ease of operation to the guests and differentiate the offerings. Hotels in Saudi Arabia and Dubai are increasing the adoption of advanced building automation solutions, thus propelling the industry growth.

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