Window Automation Market to hit $7.5bn by 2024

The technology research report “Window Automation Market Size By Product (Electric, Mechanical, Hybrid), By Component (Sensors & Detectors, Motors & Actuators, Control Panels, Switches, Accessories), By Application (Residential, Commercial [Retail, Airports, Education, Healthcare, Hospitality, Public Transit Systems], Industrial), By End-Use (Façade Builders, Profile Houses, Window Manufacturers, Contractors), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, Switzerland, Norway, Denmark, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”; by Global Market Insights, Inc. says Window Automation Market size is set to surpass USD 7.5 billion and the shipments will exceed 15 million units by 2024; impelled by increased spending on infrastructure development.

Automation is the need of the hour, the pathway to a comfortable & convenient lifestyle, subject to which window automation market is expected to generate lucrative gains over the next few years. Rapid urbanization and the development of smart homes will push window automation industry growth a notch higher. In a bid to expand automatic ventilation systems industry, the governments of various countries are investing significantly in infrastructural development to generate revenue via tourism and attract foreign investors. This in turn, will be a major factor driving window automation market.

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The escalating investment in commercial infrastructure development such as airports, educational institutes, retail, healthcare, public transit, and hospitality will generate heavy demand for window automation. Residential application segment is predicted to register highest annual growth rate over the coming years of 2016 to 2024, primarily driven by the changing consumer preference toward automated products pertaining to low energy consumption. In addition to this, shifting trends toward smart homes will also propel window automation industry size notably.

Hybrid, mechanical, and electric are the key products of window automation market. Hybrid products save lots of energy, as they use mechanical components. In addition, the use of the fan is avoided, which will reduce the total electricity cost. This, in turn, will fuel window automation market share. Electric window automation held the largest share of the global market in 2015 and is predicted to collect significant revenue over the coming seven years. The growth can be attributed to the implementation of highly reliable and automated sensors and actuators in the devices.

Considering the regional landscape, China window automation market size will collect considerable revenue over the years ahead. China has implemented various building codes to propagate natural lighting, smoke evacuation, and ventilation. This, in turn, will augment the market growth.

Europe window automation industry will exhibit substantial growth rate over the period of 2016 to 2024, owing to the growing product adoption to generate cooling or heating effects in desirable weather conditions. Moreover, regulatory norms regarding the work safety across the smoke ventilation application will boost the need for window automation.

Window automation market is widely fragmented across the globe. Most of the companies are working on cost reduction and product differentiation. Many market participants are expanding their regional distribution channels to gain considerable profits. Joint ventures and acquisitions are key growth strategies adopted by market players to sustain the competitive business space.

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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.

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