Window Automation Global Market 2024 - By Size, Demand, Share, Forecast, Trends To 2033


Posted May 20, 2024 by varuntbrc

Global window automation market size is expected to reach $6.25 Bn by 2028 at a rate of 4.4%, segmented as by type, electrical, mechanical, hybrid

 
The window automation market size is expected to see steady growth in the next few years. It will grow to $6.25 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to expansion of the construction industry in emerging economies, rising focus on occupant health and wellness in buildings, integration of window automation with IoT and cloud platforms, shift towards green building certifications and standards, adoption of wireless communication protocols for seamless connectivity. Major trends in the forecast period include rise of predictive maintenance and data-driven optimization, emergence of customizable and modular window automation solutions, growth of subscription-based models for window automation services, increased use of ai and machine learning for intelligent control algorithms, evolution towards fully autonomous and adaptive window systems.

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Segmentation & Regional Insights
The window automation market covered in this report is segmented –
1) By Type: Electrical, Mechanical, Hybrid
2) By Control Systems:  Fully Automatic, Push and Go, Power Assist, Low Energy
3) By Application: Residential, Commercial, Industrial

Asia-Pacific was the largest region in the window automation market in 2023. The regions covered in the window automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing use of smart home devices and smart homes is expected to fuel the growth of window automation going forward. Smart home devices encompass a wide range of internet-connected devices designed to enhance convenience, comfort, security, and energy efficiency within the home. The demand for smart homes is increasing due to their customization facilities, safety, comfort, and remote monitoring. Smart home devices and smart homes provide the necessary connectivity, control, and integration capabilities to enhance the functionality and efficiency of automated window systems. For instance, in August 2023, according to RubyHome, a US-based real estate company, in the US, 63.43 million homes use smart home devices, and around 7 in 10 homebuyers are willing to buy a smart home. Furthermore, median spending for interior remodeling areas increased 38% in 2021. Therefore, the increasing use of smart home devices and smart homes drives the window automation market.

Key Industry Players
Major companies operating in the window automation market are LIXIL Group, ASSA ABLOY, Legrand, The Jeld-Wen Company, Andersen Corporation, Velux Group, Allegion Plc, dormakaba Group, Nabtesco Corporation, Pella Corporation, Ply Gem Windows, Somfy, Marvin Windows and Doors, Deceuninck NV, Milgard Windows & Doors, Nordic Semiconductor, GEZE GmbH, MI Windows and Doors, CR Laurence, Simonton Windows, STANLEY Access Technologies, Loewen Windows, Sunrise Windows & Doors, GU Group, YKK AP America Inc.

The window automation market report table of contents includes:
1. Executive Summary
2. Window Automation Market Characteristics
3. Window Automation Market Trends And Strategies
4. Window Automation Market - Macro Economic Scenario
5. Global Window Automation Market Size and Growth
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31. Window Automation Market Other Major And Innovative Companies
32. Global Window Automation Market Competitive Benchmarking
33. Global Window Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Window Automation Market
35. Window Automation Market Future Outlook and Potential Analysis

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Issued By Varun
Country United States
Categories Business , Home , Services
Tags window automation market , window automation market size , window automation market share , window automation market report
Last Updated May 20, 2024