(MENAFN - GetNews) 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
Market research future published a raw research report onGlobal Automated Windows Market that contains the information from 2019 to 2023. The automated windows is expected to grow with the CAGR of approximately 5.12% from 2017 to 2023.
Most of the windows installed drain energy when compared to a wall. As a result, up to 20% of residential energy is lost through Automated Windows Market while the homes are kept at a comfortable temperature. Growing automation demand for consumer's comfort & convenience, improved energy consumption, and reduction in CO2 emissions will support the industry growth over the forecast period. Longer life cycle and sturdiness of such systems is expected to increase the popularity levels among the consumers. In addition, growing commercial construction activities in developing countries such as China and India is also expected to drive the market growth. However, high installation & maintenance costs and lack of awareness among consumers are the major restraints that could hinder the market growth.
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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. Major industrial sectors in the automated windows market includes pharmaceutical, chemical, and mechanical industries.
Based on regions, Europe has accounted for the largest share in 2016 and the major factors driving the growth of the market in this region includes presence of a large number of players, which has provided considerable consumer awareness and motivation for these solutions. While, Asia-Pacific is anticipated to be the fastest growing region during the forecast period. Factors such as increasing demand in Japan and the ongoing development in other countries is expected to drive the market in the region.
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We recognize the key players in the global Automated Windows Market as 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.), and SE Controls (U.K.).
This research report has provided the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global automated windows market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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.
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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.
Automated windows market are predominantly used for the purpose of natural ventilation and smoke ventilation. It is operated by an actuator, which enables a window to be opened and closed automatically or by a rotary handle. The automation can be achieved with any of the mechanical, electrical or hybrid controls. The automated windows market is expected to reach USD 7.1 Billion by 2023 and is anticipated to grow at a CAGR of 5.12% during the forecast period.
The report forGlobal Automated Windows Marketof Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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