Residential Window Automation Market has high growth prospects from 2016 to 2024: Global Market Insights Inc. 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. 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. According to Global Market Insights, Inc., “Worldwide window automation market having had a revenue of USD 4 billion in 2015, will register an annual growth rate of about 5.5% over the period of 2016 to 2024.�
Taking into account the end-use segment, window automation market is mainly divided into contractors, profile houses, façade builders, and window manufacturers. Shifting trends toward smart homes and the availability of automated building solutions will favor the growth of industry in profile houses, in which many of the OEMs are investing significantly to attract more customers. Window manufacturers was a dominant end-use segment and contributed majorly toward the global industry share. The surging investment in R&D activities will create high demand for the product across the various application areas such as industrial, residential, and commercial sectors. 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 1|Page
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 Market Size, By Product, 2015 & 2024 ($ Mn)
Browse key industry insights spread across 287 pages with 383 market data tables & 57 figures & charts from the 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” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/window-automation-market 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. 2|Page
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.
Industry Insights of Offshore Wind Market: 3.1. Industry segmentation 3.2. Industry size and forecast, 2012 - 2024 3.3. Industry ecosystem analysis 3.3.1. Distribution channel analysis 3.3.2. Vendor matrix 3.4. Technology & innovation landscape 3.4.1. Solar powered window opener 3.4.2. Concealed mechatronic fittings with minimized noise generation and maximum opening widths 3.5. Regulatory landscape 3.5.1. U.S. 3.5.1.1. UL-325, Standard for Safety: Door, drapery, Gate, Louvre, and window operators & systems and ETL certification 3.5.2. EU 3.5.2.1. 9999
Building regulations, approved document B and BS
3.5.2.2.
BS EN 12101
3.5.2.3.
IEC 60335-2-103
3.5.3. China 3.5.3.1.
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MOHURD
3.5.3.2.
China Building Code
3.6. Industry impact forces 3.6.1. Growth drivers 3.6.1.1.
Increased spending on infrastructure development
3.6.1.2.
Energy saving and reduced operational cost
3.6.1.3.
Demand for natural and smoke ventilation
3.6.2. Industry pitfalls & challenges 3.6.2.1. Daylight system as a substitute for the automatic window systems 3.6.2.2. Lack of awareness and non-compliance with several regulatory codes and standards 3.7. Growth potential analysis 3.7.1. Application potential 3.8. Porter's analysis 3.9. Company market share analysis, 2015 3.9.1. Strategy dashboard 3.10.
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PESTEL analysis
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