Window Automation Market to surpass $8bn by 2024

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Window Automation Market to surpass 8bn by 2024
Global Market Insights Inc.
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Industry Overview

• Window Automation Market to exceed USD 8 billion
  by 2024. Window automation market is expected to
  grow over the forecast timespan due to the
  increasing energy savings and reduced operational
  costs with the implementation of these systems.
  Automated windows can control detect air and
  light requirements and adjust their operations
  accordingly, thus saving energy considerably.
  Furthermore, climate control using natural
  ventilation requires expensive mechanical
  controls such as in air conditioners.
• The performance of windows is based on the SGHC
  rating that defines the amount of solar energy
  striking the window and the U-factor that defines
  the rate of heat transfer per unit and the unit
  temperature difference. Automated systems with
  low U-factor provide significant annual energy
  savings in the residential sector, thus
  propelling the window automation market growth.
  For instance, switching to these solutions in the
  U.S. can help households reduce the energy bill
  to approximately USD 150 in warm climates and to
  USD 277 in cold climates.
• Growing trend of solar-powered systems is
  expected to propel the window automation market
  growth. The increasing use of solar-powered
  battery-operated systems provides
  environmentally-friendly alternatives to these
  solutions. Furthermore, solar-powered systems
  reduce the complexities pertaining to wiring and
  are easy to install. These also can be fitted
  with additional functionalities such as rain
  sensors, propelling the demand for solar-powered
  systems.

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Window Automation Market

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• Lack of awareness and non-compliance with
  regulatory standards are expected to hinder the
  window automation market growth. Most of the
  buildings stick to the retrofit mechanical and
  electrically-operated systems. Also, the high
  costs of implementation of these systems in old
  buildings are discouraging the building managers
  to comply with the standards pertaining to the
  implementation of these systems.
• The mechanical window automation market is
  anticipated to grow at a above 6.5 growth from
  2018 to 2024 due to its widespread use in the
  retail sector and warehouses. These are typically
  used in applications where windows are hard to
  reach and at high levels. These are also widely
  used in applications such as government buildings
  and schools, where electrical systems are risky
  and costly to implement.
• With the advent of advanced technology, the
  window automation market is characterized by
  increasing demand for sensors and detectors which
  expected to be valued over USD 950 million by
  2024. Increased requirements for safety and
  security are propelling the manufacturers to
  implement sensors for the detection of intruders
  and smoke harmful gases. Furthermore, these
  components are used in residential applications
  to keep a check on pollutants such as pollen,
  soot, and dust. The integration of these
  components with sensors that perform advanced
  features, such as rain detection, is expected to
  propel the demand for these components.

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UK window automation market size, by application,
2017 2024 (USD Million)

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Industry Coverage

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• The industrial window automation market was
  approximately USD 540 million in 2017. The
  increasing use in manufacturing facilities, cold
  storages, warehouses, showrooms, and data centers
  is expected to fuel the demand for these
  solutions over the future. Growing need for
  comfort, efficiency, and low energy consumption
  will drive the demand in industrial applications.
  Furthermore, the installation of these systems is
  very common in chemicals pharmaceutical sectors
  due to the increasing need for ventilation.
• India window automation market is expected to
  witness significant growth nearly 7 from 2018 to
  2024 due to increasing infrastructural projects
  and implementation of advanced technologies in
  these projects. The government is undertaking
  several projects such as Digital India and smart
  cities that focus on implementation of
  technology. Increasing awareness regarding
  technology and rising disposable income of the
  people that encourage them to implement these
  solutions will increase the demand for these
  solutions.
• Key players in the window automation market
  include Kintrol, Insteon, Geze GmbH, Aumuller,
  Ultraflex Group, and Vent Engineering. The
  manufacturers are focused on developing
  customized solutions catering to specific
  industry requirements. These companies are
  heavily investing in RD to develop solutions
  that can be integrated with smart homes.

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