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Window Automation Market : Distinguished Players – WindowMaster, TOPP S.r.l., SE Controls, Pella Corporation, Honeywell International, D+H Mechatronic AG, and Colt International Pty. Ltd.
Window Automation Market
Accelerating deployment of latest construction technologies for healthy, luxurious lifestyle is likely to drive window automation market outlook in the coming years. Technological developments such as IoT and augmented reality have been propelling the construction sector rapidly. Robust growth of construction sector has been generating considerable opportunities for window automation industry participants. Escalating requirement for reduction in energy consumption will act as one of the major factors propelling window automation market share. According to Global Market Insights Inc., window automation industry size is predicted to exceed $8 billion by 2024.
How will electric window automation segment contribute to the global window automation industry share?
Electric window automation industry size is predicted to expand significantly in the coming years. The growth can be primarily attributed to the applications where manual procedures are not practicable. Augmenting trends for integrating technologies, including Bluetooth and Wi-Fi, into window automation systems to improve communication with the use of devices such as tablets and smartphones will increase window automation market size. Decreasing costs of electrical and electronic components will also escalate window automation industry share.
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What will be the impact of residential segment on window automation market trends by 2024?
Window automation market forecast report estimates that residential window automation industry share will gain momentous growth by 2024. The growth can be attributed to increasing usage of technology in households to leverage heat and natural light to the greatest extent. As per the U.S. Energy Information Administration, in the year 2015, around 36% of the U.S. households were dependent upon electricity for warming and maintaining indoor temperature. Automated windows enable customers to utilize natural ventilation for maintaining indoor temperature. This helps households to decrease energy consumption and reduce dependency on electric appliances.
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How will MEA region help window automation industry share to grow over 2018-2024?
The MEA window automation market size is estimated to experience substantial growth in the near future. The market expansion can be accredited to thriving hospitality sector and growing expenditure on infrastructure. The region has registered significant growth in hospitality sector owing to a huge number of tourists visiting the MEA nations. Companies in hospitality sector are increasingly employing window automation system to offer ease of operation to visitors. Hotels in Dubai and Saudi Arabia have been enhancing the adoption of innovative building automation solutions. Accelerating adoption of technologies in MEA region is expected to drive window automation industry outlook.
What will be the factors augmenting India window automation market outlook by 2024?
India window automation industry share is anticipated to observe considerable growth of about 7% over 2018-2024. The growth is attributable to expanding infrastructural projects and deployment of innovative technologies in the projects. The Indian Government has been undertaking numerous projects including Digital India and smart cities which focus on utilization of such technologies. Augmenting inclination towards technology and growing disposable income of people support implementation of these solutions. Improving adoption and expanding demand of automation solutions will foster window automation market size.
Which are some of the industry participants in window automation market?
A few of the key participants in window automation industry include Breezway, D+H Mechatronic GmbH, Automated Door Systems, Honeywell International, Inc., Colt International Pty., Ltd., Safetyline Jalousie, and SE Controls. Companies have been advancing application-specific products to strengthen their customer base and contributing to expand window automation market outlook.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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