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Window Automation Market Size, Share Analysis, Key Trends, Drivers And Forecast To 2033
Window Automation Market Overview
As per the report, the window automation market size has grown steadily in recent years. It will grow from $5.01 billion in 2023 to $5.25 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The window automation market size is expected to see steady growth in the next few years. It will grow to $6.25 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%.
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Smart Home Device Adoption Driving Window Automation Market Growth
The increasing use of smart home devices and smart homes is expected to fuel the growth of window automation going forward. Smart home devices encompass a wide range of internet-connected devices designed to enhance convenience, comfort, security, and energy efficiency within the home. The demand for smart homes is increasing due to their customization facilities, safety, comfort, and remote monitoring. Smart home devices and smart homes provide the necessary connectivity, control, and integration capabilities to enhance the functionality and efficiency of automated window systems. For instance, in August 2023, according to RubyHome, a US-based real estate company, in the US, 63.43 million homes use smart home devices, and around 7 in 10 homebuyers are willing to buy a smart home. Furthermore, median spending for interior remodeling areas increased 38% in 2021. Therefore, the increasing use of smart home devices and smart homes drives the window automation market.
Innovative Smart Window Materials Driving Market Growth
Major companies operating in the window automation market are focused on developing innovative products with advanced technologies, such as smart window materials to increase their profitability in market. Smart window materials, such as electrochromic or thermochromic materials, allow for dynamic adjustments in transparency, tint, or opacity in response to external stimuli such as light levels or temperature changes. For instance, in May 2021, Indian Institute of Technology Guwahati, an Indian public technical university, developed smart window materials for automatic climate control of buildings. It is useful for enhancing both energy efficiency and occupant comfort. These smart window materials pave the way for efficient automatic climate control systems in diverse environments, including buildings, vehicles, locomotives, airplanes, and greenhouses. It dynamically adjusting the intensity of transmitted solar radiation, these windows cater to fluctuating weather and climate conditions, offering a versatile solution for sustainable architectural designs.
The window automation market covered in this report is segmented -
1) By Type: Electrical, Mechanical, Hybrid
2) By Control Systems: Fully Automatic, Push and Go, Power Assist, Low Energy
3) By Application: Residential, Commercial, Industrial
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Major companies operating in the window automation market are LIXIL Group, ASSA ABLOY, Legrand, The Jeld-Wen Company, Andersen Corporation, Velux Group, Allegion Plc, dormakaba Group, Nabtesco Corporation, Pella Corporation, Ply Gem Windows, Somfy, Marvin Windows and Doors, Deceuninck NV, Milgard Windows & Doors, Nordic Semiconductor, GEZE GmbH, MI Windows and Doors, CR Laurence, Simonton Windows, STANLEY Access Technologies, Loewen Windows, Sunrise Windows & Doors, GU Group, YKK AP America Inc.
Contents of the report:
1. Executive Summary
2. Window Automation Market Report Structure
3. Window Automation Market Trends And Strategies
4. Window Automation Market - Macro Economic Scenario
5. Window Automation Market Size And Growth
…..
27. Window Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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