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.”
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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 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.
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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.
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.
Building regulations, approved document B and BS 9999
3.5.2.2.
BS EN 12101
3.5.2.3.
IEC 60335-2-103
3.5.3. China
3.5.3.1.
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.
PESTEL analysis
This latest Window Automation Market research
report offers in-depth analysis, key industry insights, market sizing &
forecast on a granular level for key products, applications across number of
regional markets. The report also analyzes the Window Automation industry from business strategy perspective,
describing in detail growth drivers, pitfalls &challenges for participants,
accompanied by a detailed competitive benchmarking including company market
share analysis and detailed business profiles.
Reasons
to Buy This Report
·
Global Window
Automation Market size & forecast by product & application.
·
Growth drivers, pitfalls & industry
challenges.
·
Key Window
Automation Market growth opportunities & emerging business models.
·
Competitive benchmarking with market share
analysis and company profiles.
About Global Market Insights
Global
Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our business
intelligence and industry research reports offer clients with penetrative
insights and actionable market data specially designed and presented to aid
strategic decision making. These exhaustive reports are designed via a
proprietary research methodology and are available for key industries such as
chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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