Residential window automation market will gain momentum as households are increasingly using the technology to leverage the natural light and heat to the maximum
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Electric window automation market is projected to grow rapidly, particularly in the applications where manual operations are not feasible. Growing trend of integration of the technologies, such as Wi-Fi and Bluetooth, into these systems to ease communication using handheld devices including smartphones and tablets will accelerate the industry growth. The reducing costs of electronic and electrical components will have a positive impact on the window automation market growth.
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Increasing technological advancements, such as IoT, are increasing the demand for these systems in smart homes. The manufacturers are developing systems that can be integrated with other household smart devices such as lighting, thermostat, and air conditioners. This integration enhances user convenience and aesthetic appeal to the customers, accelerating the window automation market growth.
Residential window automation market will gain momentum as households are increasingly using the technology to leverage the natural light and heat to the maximum. According to the U.S. Energy Information Administration, in 2015, about 36% of U.S. households depended on the electricity for heating and maintaining indoor temperature. Automated windows allow customers to use natural ventilation to maintain the indoor temperature, allowing the households to reduce energy consumption and reduce the dependence on electric appliances.
Speaking along similar lines, the last half a decade has observed a higher installation of automated windows in the commercial sector as opposed to the residential and industrial sectors. The extensive requirement for energy efficiency across airports, universities, schools, retail stores, hotels, hospitals, and public transit systems has generated a commensurable pool of opportunities for window automation market players in the commercial sector. These systems are specifically installed in buildings with high roofs, where manual operations are virtually impossible. Powered by the fact that they are convenient, efficient, and aid the reduction of capital expenditure, window automation industry size from commercial applications is projected to grow at CAGR of 6% over 2018-024.
The MEA window automation market is projected to witness a significant growth over the forecast timespan due to the flourishing hospitality sector and increasing spending on infrastructure. The region is characterized by a rapidly developing hospitality sector due to a large number of tourists visiting the countries. The hospitality companies are increasingly implementing these systems to provide ease of operation to the guests and differentiate the offerings. Hotels in Saudi Arabia and Dubai are increasing the adoption of advanced building automation solutions, thus propelling the industry growth.
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Of late, escalating living standards and the increasing need for building safety have generated considerable opportunities for window automation industry contenders. With evolving developments in smart technology, the demand for next-generation components such as motion sensors and IoT based control panels will observe an appreciable upsurge, drastically transforming window automation industry outlook. Taking into account the ease of functionality of these systems, governments bodies have also been encouraging residential building developers to deploy automated windows in their projects. In essence, powered by a supportive regulatory framework and a strong technologically-aligned industry background, window automation market size has been forecast to register a CAGR of 6% over 2018-2024.
Major Key Points from Table of Content:
Chapter 5 Window Automation Market, By Component
5.1 Key trends by component
5.2 Sensors & detectors
5.2.1 Market estimates and forecast, 2013-2024
5.2.2 Market estimates and forecast, by region, 2013-2024
5.3 Motors & actuators
5.3.1 Market estimates and forecast, 2013-2024
5.3.2 Market estimates and forecast, by region, 2013-2024
5.4 Control panels
5.4.1 Market estimates and forecast, 2013-2024
5.4.2 Market estimates and forecast, by region, 2013-2024
5.5 Switches
5.5.1 Market estimates and forecast, 2013-2024
5.5.2 Market estimates and forecast, by region, 2013-2024
5.6 Accessories
5.6.1 Market estimates and forecast, 2013-2024
5.6.2 Market estimates and forecast, by region, 2013-2024
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