Door and Window Automation Market size to exceed $17bn by 2024
Doors and Windows Automation Market Size, Industry Analysis Report, Regional Outlook, Application Opportunities, Growth Potential, Competitive Market Growth & Forecast, 2016 – 2024
Market Press Release – January 9, 2017 9:54 am
Door and Window Automation Market size is estimated to be valued at over USD 17 billion by 2024, growing at a CAGR of over 7% from 2016 to 2024.|
The rising demand for automated doors and windows across the commercial sector is likely to propel the product demand through 2024. Rising needs for comfort accompanied by high convenience & accessibility offered will fuel the door and window automation market demand. In addition, escalating infrastructure expenditure may propel the industry growth over the forecast timeline.
Increasing security and accessibility needs for the disabled as well as elderly individuals may offer lucrative growth opportunities over the forecast timeline. These devices enable in effectively supervising omni-directional traffic situations. For instance, one door is dedicated to managing the entry traffic and the other for managing the exit traffic.
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Automated windows are used for natural ventilation and smoke ventilation, whereas pedestrian doors are used for safety and security applications. Furthermore, rising original equipment manufacturers focus on providing a supplementary switch that locks all the vehicle windows to enhance the safety. This may also provide potential growth prospects for the industry growth from 2016 to 2024.
High costs of installation and maintenance associated with these products may hamper the door and window automation market size over the next eight years.
Based on components, the door and window automation market can be segregated into operators, sensors & detectors, access control systems, motors & actuators, control panels, and switches. The sensors and detectors are installed on either side of the door and are used for analyzing motion. The actuators are used to provide natural ventilation through doors and windows. The access control systems are integrated to ensure employee authenticity while entering the office premise.
Based on the product types, the door and window automation market can be segmented into industrial doors, pedestrian doors, and windows. Pedestrian doors may drive the industry growth in this segment due to the rising demand from the commercial sector, such as retail shops and public access premises, as these are ideal for entry to offices, houses, and industries. Furthermore, pedestrian models are further segregated into sliding, sectional, and rolling type pedestrian doors.
Based on the end use industry, the door and window automation market can be segmented into residential buildings, airports, education buildings, healthcare, hotels & restaurants, industrial production units, public transit systems, commercial buildings, and entertainment centers. The commercial sector is anticipated to witness considerable growth prospects over the forecast timeline as these systems provide easy accessibility without compromising with the security concerns.
In government & private buildings and banks & financial organizations, access control devices are integrated with the automated systems to authenticate employees’ and employers’ identities. In addition, the integration of these products with fire safety systems enable automatic exits during fire tragedy situations. In addition, the rising accessibility needs in restaurants and hotels may catapult the industry demand over the forecast timeline.
The Asia Pacific door and window automation market share will witness attractive growth prospects due to its escalating installation in hospitals, offices, and airports.
The U.S. door and window automation market size is anticipated to hold a key industry share due to the rapid growth of infrastructure facilities across the region.
The Africa doors and window automation market is predicted witness a rapid growth by 2024. This growth is characterized by the increasing construction activities and investments accompanied by the increasing individual income levels that may ensure the adoption of more advanced building practices, encouraging the usage of modern fenestration commodities.
The key players operating in the industry include ABB Group, Allegion, Assa Abloy, Came S.P.A., Dorma+Kaba Group, Geze, Gira, Honeywell International, Insteon, Nabtesco, Royal Boon Edam, Schneider Electric, Siemens, and Stanley Black & Decker. The industry participants are using new product development as a prime strategy to provide a competitive edge in the industry.
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For instance, Assa Abloy manufactures revolving doors with climate control feature. The two, three, and four-wing models enable efficient management of traffic flow while providing separation between indoor and outdoor environments. The industrial doors manufactured by the company are characterized by tough materials, employing modern automatic door technology with negligible maintenance costs and low door opening time.
Rapid door openings signify decreased costs through faster loading and less power consumption, reducing the environmental impact. The company’s electromechanical security doors and windows include automatic models, electronic cylinders, secure identification, and various access control products. Some of these products use Radio Frequency Identification (RFID) technology. These products offer high security and functionality. These industrial door solutions include features such as anti-crash systems and optional PVC windows.
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|Related Tags: Door and Window Automation Market size, Window Automation, Door Automation, Home Automation System, Electronics, Technology, Business|
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