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, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024
Published Date: May 2018 | Report ID: GMI1356 | Authors: Preeti Wadhwani, Prasenjit Saha
Window Automation Market size was over USD 5 billion in 2017 with a CAGR of over 6 percent from 2018 to 2024.
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Growing penetration of IoT technology in home automation systems is expected to propel the window automation market growth over the forecast timespan. Customers are increasingly using IoT solutions for purposes such as energy monitoring, comfort, convenience, security automation, and creating a safe living environment. The adoption of technology in the industry enables the manufacturers to produce cost-effective and easy-to-use solutions. Companies are developing technologically-advanced sensor components to automate the entry and exit in the homes.
Increasing spending on infrastructure in countries including Russia, Brazil, China, and India is anticipated to drive the window automation market. Growing penetration of Internet across the globe is encouraging the governments to undertake infrastructure development projects pertaining to smart buildings, accelerating the industry growth. For instance, the government of India has initiated the Gujrat International Finance Tech City (GIFT) worth USD 20.0 billion. The project includes the construction of infrastructure with advanced technology including building automation in commercial buildings.
Growing popularity of low-cost daylight systems will restrain the window automation market growth in the next six years. Daylight systems provide internal lighting using sunlight during the daytime. Furthermore, these systems increase the visual comfort and reduce the lifetime energy consumption of the building. Commercial spaces are increasingly using these systems to reduce the costs associated with energy consumption.
|Base Year:||2017||Market Size in 2017:||5 Billion (USD)|
|Historical Data for:||2013 to 2017||Forecast Period:||2018 to 2024|
|Forecast Period 2018 to 2024 CAGR:||6 %||2024 Value Projection:||8 Billion (USD)|
|Pages:||300||Tables, Charts & Figures:||459|
|Geographies covered (18):||U.S., Canada, Germany, UK, Italy, Switzerland, Norway, Denmark, Russia, China, Japan, South Korea, India, Brazil, Mexico, Saudi Arabia, UAE, South Africa|
|Segments covered:||Product, Component, Application and Region|
|Companies covered (21):||Aumüller, Automated Door Systems (ADS), Breezway, Colt International Pty Limited, D+H Mechatronic AG, EBSA, Geze GmbH, Gira, Honeywell International, Inc., Insteon, JLC Automation Services, Kintrol, Nekos, Pella Corporation, Safetyline Jalousie, SE Controls, STG Beikirch, TOPP S.r.l., Ultraflex Group, Vent Engineering, WindowMaster|
Window Automation Market, By Product
The electric window automation market is expected to reach over USD 4.5 billion by 2024 due to the increasing applications in environmental monitoring systems. The electric mechanism provides comfort, safety, and security to avoid damage to these systems and reduce maintenance costs. Growing adoption of these systems in the remote and keyless solutions will propel the industry growth. The industry is witnessing a growing trend of implementation of touchscreen panels for operation. These are attracting customers pertaining to their high aesthetic value and operational ease.
Hybrid product segment will witness a considerable growth due to the reduced usage of electricity and enhanced safety as compared to mechanical systems. These detect light & air circulation requirements and control the operations accordingly. These systems use natural ventilation coupled with mechanical ventilation systems to reduce the usage of fans and air conditioners, thereby reducing the operational costs.
Window Automation Market, By Application
The window automation market in commercial applications will grow at a CAGR of approximately 6% owing to the use of these systems in retail, airport, and hospitality applications. In commercial spaces, these systems are implemented in buildings with high roofs, wherein it is very difficult to conduct manual operations. Furthermore, the automated systems reduce the capital expenditure due to the low usage of air conditioners and ventilators.
Residential sector is expected to witness growth due to the increasing adoption of these systems in smart and IoT-enabled homes. Customers are becoming increasingly focused on implementing automated solutions that can be integrated with other solutions and can be operated remotely. Furthermore, the growing awareness among the consumers regarding energy efficiency will surge the demand for these solutions in residential applications.
Window Automation Market, By End-Use
Façade builders segment valued at over USD 900 million in 2017 is growing substantially owing to their increasing usage in corporate offices and buildings. Corporate offices are implementing these solutions to cut down the energy consumption costs. The vendors are investing heavily in R&D to develop intelligent solutions that meet the requirements of modern façades.
Increasing disposable income of people is increasing the adoption of these solutions in profile houses. The construction of aesthetically-pleasing houses and growing penetration of smart homes will drive the window automation market growth in profile houses. Manufacturers are developing aesthetically-advanced solutions that allow the customers easy access to the natural ventilation.
Window Automation Market, Region
The U.S. window automation market is expected to reach over USD 2 billion by 2024 due to the increasing demand for low-cost solutions that provide nature ventilation. Increasing awareness among the builders of huge commercial complexes regarding the importance of automating management of temperature according to outside climate will drive the industry growth. Similarly, these systems are being widely implemented in buildings due to increasing fire hazards. In the U.S., in 2015, approximately 1.3 million fire incidents were reported that caused about 16,000 injuries and nearly 3,200 deaths.
The Europe market will grow significantly due to the increasing implementation of these systems in public transit. These systems provide the elderly and the disable easy access to ventilation and ease-of-operation. Furthermore, according to the directive implemented by the European Disability Strategy of European Commission, the residential and commercial buildings are being implemented with these systems.
Competitive Market Share
Some of the key players operating in the window automation industry include WindowMaster, TOPP S.r.l., SE Controls, Pella Corporation, Honeywell International, D+H Mechatronic AG, and Colt International Pty. Ltd. One of the common strategies adopted by the vendors include partnerships with regional players to expand their market reach. For instance, TOPP has formed a partnership with Automated Door Systems for the distribution of its products in the UK and with Kintrol for distribution in Australia. TOPP has expanded its distribution channels and business reach by forming partnerships.
Increasing stringency of regulations is forcing the designers, manufacturers, and dealers in the industry to comply with the standards. For instance, the BS 9999 standard provides a framework for the implementation of these systems for smoke ventilation for the building construction management in Europe.
Window Automation Industry Background
Growing implementation of sensors, detectors, and actuators is encouraging the builders to automate various systems in infrastructure, thus aiding the window automation market growth. Furthermore, growing penetration of M2M connectivity using advanced technologies, such as Bluetooth and Zigbee, is encouraging the implementation of automation. Customers are seeking for technologically-advanced solutions that are easy to operate remotely. This will propel the demand for these solutions in the next six years.
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