Press release
Window Automation Market size is set to surpass USD 7.5 billion by 2024
MaketStudyReport.com adds a New Window Automation Market Research Report for the period of 2016-2024 that shows the growth of the market is rising at a 5.5% CAGR to 2024.Window Automation Market size is set to surpass USD 7.5 billion and the shipments will exceed 15 million units by 2024, according to a new research report. Increasing adoption of automated ventilation systems in commercial offices, industries and households will drive the window automation market share from 2016 to 2024. New commercial and residential constructions are incorporating these products to make more energy efficient buildings and reduce energy consumption costs.
Growing automation demand for user comfort & convenience, optimized energy consumption, and reduction in CO2 emissions will support the industry growth over the forecast timeline. Longer life cycle and robustness of these solutions is expected to fuel popularity levels among consumers.
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Retrofitting the automated windows over manual windows and their high installation costs are challenges for this industry. Natural ventilation solutions also lower artificial HVAC demand to a certain extent. Window automation market share is fragmented owing to a large number of local players. The presence of numerous manufacturers and contractors providing window automation services increase the competition. Acquisitions and joint ventures are the main strategies implemented by competitors to gain foothold in the window automation market size.
Automated natural ventilation provides improved air quality at the home and workplace, resulting in reduced expenditure on air conditioning systems. The reduced emissions from the building help in maintaining the air quality and improving environmental impact. In emergencies such as fire, smoke ventilation clears CO2 and other hazardous gases out of the workshops. Pharmaceutical, chemical, and mechanical industries are major industrial sectors in the window automation market.
Residential window automation market size has high growth prospects from 2016 to 2024. Increasing demand for smart homes and incorporating automation in renovating existing structures will support demand.
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The education sector was the key revenue generator in the commercial window automation market share. Regulations concerning the compliance of efficient ventilation for schools and colleges are the prominent drivers for this industry. Healthcare is expected to witness the highest growth over the forecast years due to increasing safety and hygiene concerns for patients.
Window automation market research report includes in-depth coverage of the industry with estimates & forecast in terms of global unit shipments and revenue in USD from 2012 to 2024, for the following segments:
Window Automation Market by Product:
Electric, Mechanical, Hybrid
Window Automation Market by Component:
Sensors & Detectors, Motors & Actuators, Control Panels, Switches, Accessories
Window Automation Market by Application:
Residential, Commercial, Retail, Airports, Education, Healthcare, Hospitality, Public Transit Systems, Industrial
Window Automation Market by End-Use:
Facade Builders, Profile Houses, Window Manufacturers, Contractors
The above information has been provided on a regional and country basis for the following:
North America, U.S., Canada, Europe, Germany, UK, France, Italy, Russia, China, India, Japan, Latin America, Brazil, Mexico, MEA
Related Report:
Global Intelligent Building Automation Technologies Market by Manufacturers, Countries, Type and Application, Forecast to 2022
The intelligent building automation technologies market is expected to reach USD 95.95 billion by 2022 according to a new report. The intelligent building automation technology is an interconnected network of hardware and software that monitors and controls the building facility environment.
https://www.marketstudyreport.com/reports/global-intelligent-building-automation-technologies-market-by-manufacturers-countries-type-and-application-forecast-to-2022/?utm_source=RR-PSR
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