Global Automated Windows Market is Predicted to Grow Approximately At 5.12% CAGR By 2023
Market research future published a half cooked research report on global automated windows market. The global automated windows market is expected to grow around 5.12% CAGR during the period 2017 to 2023
Pune, India – August 18, 2017 /MarketersMedia/ —
Global Automated Windows Market By Product (Electric, Mechanical, Hybrid), By Component (Sensors & Detectors, Control Panels, Motors & Actuators, Switches and Others), By Application (Residential, Commercial, Industrial) & by Region – Global Forecast to 2023
Factors such as rising population and favorable conditions for international trade & tourism have impelled various governments across the globe to invest heavily in the construction of urban infrastructure and public infrastructure projects, which is anticipated to drive the automated windows market during the forecast period. The automated windows market is expected to reach USD 7.1 Billion by 2023.
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Market Research Analysis
The global automated windows market has been analyzed based on the three segments, namely product, component, application and regions. On the basis of product, the global automated windows market is segmented as electric, mechanical and hybrid. Electric segment accounted for largest market share in 2016. The integration of high reliable actuators and sensors for automated control and the ability to maintain the ambient temperature will augment the growth of the segment.
Based on component, the global automated windows market is bifurcated as sensors & detectors, control panels, motors & actuators, switches and others. Through the installation of these components, noise reduction and automated control can be achieved. Based on application, the global automated windows market is bifurcated as residential, commercial, and industrial. Among these, the residential segment accounted for the largest share in 2016.
Scope of the Report
This study provides an overview of the global automated windows market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for Asia-Pacific, North America, Europe and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
The scope of the study segments the global automated windows market by its product, by component, by application and regions.
By Product
• Electric
• Mechanical
• Hybrid
By Component
• Sensors & Detectors
• Motors & Actuators
• Control Panels
• Switches
• Others
By Application
• Residential
• Commercial
• Industrial
By Region
• Asia Pacific
• North America
• Europe
• Rest of World
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The key players of the global automated windows market are
• Aumüller Aumatic GmbH (Germany)
• Automated Door Systems (ADS) (U.K.)
• Colt International Pty Limited (Australia)
• GEZE GmbH (Germany)
• D+H Mechatronic AG (Germany)
• EBSA (Australia)
• JLC Automation Services (U.K.)
• Kintrol (Australia)
• Pella Corporation (U.S.)
• SE Controls (U.K.)
The growth of global automated windows market can majorly be attributed to increased spending on infrastructure development across the globe and higher energy saving & operational cost. In addition, rising disposable income among middle class has boosted the buying capability of consumers. However, lack of awareness and requirement of compliance with several regulatory codes and standards is the major restraint that could hinder the market growth.
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Based on applications, residential segment accounted for the largest share in 2016, owing to rising consumer interest towards automated products for energy consumption savings. Also, rising demand for smart homes is expected to augment the growth of the segment during the forecast period. In commercial applications, the usage of automated windows can be found at educational buildings, airports, hospitality, healthcare, and others. The rising infrastructure spending in the development of automated building construction further propels the demand for automatic ventilation. In addition, the industrial demand is driven by the safety provided by automatic ventilation systems against smoke, fire, and heat.
The automated windows market has the highest share in Europe, where the product installation is higher due to extreme weather conditions for carrying out efficient heating and cooling. The regulatory mandates introduced in the region has also boost the growth of automated windows market. Furthermore, the presence of large untapped consumer base will provide considerable growth opportunities to the market in the region.
Contact Info:
Name: Akash Anand
Email: Akash.Anand@Marketresearchfuture.Com
Organization: Market Research Future
Address: Market Research Future Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India
Phone: +1 646 845 9312
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Source: MarketersMedia
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