Window Automation Market share to grow at 5.5% CAGR from 2016 to 2024

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Window Automation Market share to exceed 7.5bn
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Window Automation Market

• Increasing adoption of automated ventilation
  systems in commercial offices, industries and
  households will drive the window automation
  market share from 2016 to 2024. New commercial
  and residential constructions are incorporating
  these products to make more energy efficient
  buildings and reduce energy consumption costs.
• Growing automation demand for user comfort
  convenience, optimized energy consumption, and
  reduction in CO2 emissions will support the
  industry growth over the forecast timeline.
  Longer life cycle and robustness of these
  solutions is expected to fuel popularity levels
  among consumers.
• Certification companies/organizations provide
  guidelines regarding design specifications and
  safety measures which must be established at the
  workplace, enabling manufacturers to develop
  products for marketing in different regions. The
  legislations and standards introduced by regional
  authorities in the interest of smoke ventilation
  emergency escape situations coupled with
  reduced environmental impact will present
  significant growth opportunities to this industry
  from 2016 to 2024.

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Continued...

• Automated natural ventilation provides improved
  air quality at the home and workplace, resulting
  in reduced expenditure on air conditioning
  systems. The reduced emissions from the building
  help in maintaining the air quality and improving
  environmental impact. In emergencies such as
  fire, smoke ventilation clears CO2 and other
  hazardous gases out of the workshops.
• Residential window automation market size has
  high growth prospects from 2016 to 2024.
  Increasing demand for smart homes and
  incorporating automation in renovating existing
  structures will support demand.
• Healthcare is expected to witness the highest
  growth over the forecast years due to increasing
  safety and hygiene concerns for patients.
• APAC window automation market size will remain
  attractive due to increasing consumer awareness
  regarding high-energy efficiency. The largest
  untapped consumer base, growing retail,
  education, healthcare, and hospitality business
  operations in the region will positively support
  the overall industry demand.

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Europe Window Automation Market Size, By Product,
2015 2024 ( Mn)

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360 Analysis

• Application Trends
• Residential applications expected to witness the
  highest growth as a result of increasing consumer
  interest towards automated products for energy
  consumption savings. Moreover, the rising average
  income of individual globally has led to a
  significant growth in the buying capability of
  consumers. Increased affordability to support
  enhanced aesthetics along with the rising demand
  for smart homes will present potential growth
  avenues from 2016 to 2024.
• Regional Trends
• Product installation in extreme weather
  conditions for carrying out efficient heating and
  cooling, specifically in Europe, have witnessed
  considerable demand over the past few years. The
  presence of a large number of industry
  participants in the region has provided
  considerable consumer awareness and motivation
  for these solutions.
• Competitive Market Share
• The window automation market share is fragmented
  in nature. The industry competition is thus high
  as the established brands must compete with the
  local rates and focus on their product offerings.
  The industry is forecast to witness consolidation
  for companies to expand product portfolios or
  their distribution channels in different regions.

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