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Analysis of Window Automation Market applications and companies active in the industry

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More Information @ Increasing demand for automated ventilation systems in commercial and residential buildings will drive the window automation market share over the forecast timeframe. Rising expenditure on travel & tourism and favorable conditions for international trade are creating the demand for modern urban infrastructure establishment. – PowerPoint PPT presentation

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Title: Analysis of Window Automation Market applications and companies active in the industry


1
Window Automation industry analysis research and
trends report for 2017-2024 Global Market
Insights Inc.
2
Industry Overview
  • 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.

3
Continue
  • 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 RD 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.
  • 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.

4
Continue
  • 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.

5
Europe Window Automation Market Size, By Product,
2015 2024 ( Mn)

6

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