Window Automation Market Analysis

Window Automation Market Analysis

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.
 

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.
 

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.
 

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.