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Global Window Automation Market to reach $7.5bn by 2024
Posted: Jun 27, 2017
Window Automation industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.
Changing lifestyle and rising demand for modern urban infrastructure depicts an exponential growth map for window automation market. Consumers are gradually shifting their preference toward automated products to ease their life and reduce operational effort. Thus, the growing adoption of automated ventilation systems in residential and commercial buildings coupled with a significant rise in infrastructural spending capacity will further propel the demand for window automation industry. In addition, automated windows are highly energy efficient, which benefits in minimizing the running cost, and reduce carbon footprints.
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The concept of green building is proactively encouraging the use of automated windows in their architecture, which enables low energy consumption and better performance. Longer life cycle and robust design for these windows will further provide remarkable momentum to window automation industry. Moreover, the trending concept of smart homes has witnessed maximum deployment of automated doors and windows as the control panels installed in these products can provide a two-way communication. Integrated actuators in these windows can enable noise reduction, low disturbance and automated control on smoke or fire detection. Moreover, technological advancements in window automation industry can also make these systems to function accordingly to the visual response making life much simpler.
The commercial application of global window automation market is projected to witness a significant surge, owing to the extensive deployment of this product in hospitals, airports, retail, educational buildings, public transit systems, and healthcare sectors. The major driver behind the rising installation, is the safety provided by automated windows against fire, heat, and smoke.
Major OEMs are tremendously investing in this technology to garner huge profits by offering appealing aesthetics and easy accessibility via automation. Rising purchase parity of the major population base and increasing awareness is thus favoring window automation industry. Other than OEMs, window manufacturers have also accumulated major market chunk by holding largest revenue share across the globe.
Asia Pacific is offering window automation market a pool of untapped opportunities. This region is attracting many investors due to rising consumer awareness and growing hospitality, education, retail, and healthcare industries. China window automation industry will also see a lucrative revenue generation from increasing city infrastructure and advanced building designs.
Electric, mechanical, and hybrid are the three major categories of the product segment in window automation market. The integration of actuators and sensors for automatic control has uplifted the revenue generation for electric window automation market. Due to the soaring demand, the industry has witnessed a major decline in the cost of electronic and electrical components across the globe. Growing competition and fluctuations in competitive pricing of the product has been identified as another key factor for the price decline in the recent past.
Apart from the electrical systems, hybrid window automation market is also gaining prominence by bringing down the electricity cost. Hybrid windows make use of mechanical ventilations and semi-natural ventilation systems to minimize the use of fans and other components, thus, saving power.
Europe window automation industry has gained a considerable traction, owing to the rising demand for the product from the tech-savvy consumers. The product is in high demand in this region due to extreme weather conditions and to enable efficient cooling and heating in accordance with the temperature fluctuations. In addition to this, Europe being a manufacturing hub is estimated to provide a noticeable impetus to the window automation market in the years ahead.
In order to ensure maximum efficiency out of automated windows, the manufactures, designers, and installers need to work in perfect co-ordination and deliver enhanced product. The window automation industry is highly fragmented in nature and thus the competition is huge. Major companies need to expand their product portfolio and regional base along with competing on the pricing parameter. Prominent companies such as the TOPP are expanding their distribution channels through distributors namely Automated Door Systems in UK and Kintrol in Australia.
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