South and Central America Door and Window Automation Market to Hit US$ 1,204.32 Million by 2028 to Grow Steady at 3.4 % CAGR | Assa Abloy AB, Came S.p.A

South and Central America door and window automation market in South and Central America is expected to grow from US$ 1,204.32 million in 2021 to US$ 1,524.76 million, by 2028; it is estimated to grow at a CAGR of 3.4% from 2021 to 2028.

The need for automated technology-driven equipment, such as aircraft, medical devices, and automobiles, is growing. The increasing popularity of computerized technologies has increased home automation systems. This indicates increased demand for industrial, pedestrian, and automated windows. Furthermore, the employment of operators in automatic door and window systems saves energy. Saving energy eventually leads to cost savings, which is expected to provide growth prospects for market participants in the approaching years hence, growing popularity of automated technology will drive the demand for door and window automation market.

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Brazil has reported the highest number of COVID-19 cases in South and Central America, followed by Ecuador, Chile, Peru, and Argentina, among others. Most of the commercial and industrial operations in the region were shut down to prevent the spread of the disease. Lockdowns imposed in cities have compelled most production plant operators to suspend their operation indefinitely, which has led to the discontinuation in the demand for mechanical and electronic parts during Q2 and Q3 of 2020. Therefore, during that period, the door and window automation market witnessed decline in revenues, however, by the end of 2020, the market observed marginal positive growth as several end user industries purchased substantial volumes of automated doors and windows to continue their business operations.

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Major Key players covered in this report:

• ABB
• Assa Abloy AB
• Came S.p.A
• Honeywell International Inc.
• Schneider Electric SE
• Siemens AG

SOUTH AND CENTRAL DOOR AND WINDOW AUTOMATION MARKET SEGMENTATION

South and Central Door and Window Automation Market, by Component

• Access Control Systems
• Control Panels
• Sensors and Detectors
• Motors and Actuators
• Others

South and Central Door and Window Automation Market, by Application

• Windows
• Industrial Doors
• Pedestrian Doors

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With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South and Central America door and window automation market. The South and Central America door and window automation market is expected to grow at a good CAGR during the forecast period.

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This release was published on openPR.