Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Door and Window Automation Market size is expected to reach $24.2 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Windows segment is showcasing a CAGR of 5.6% during (2022 - 2028). It is because touch-button automated windows are incredibly useful and practical. For ease, natural ventilation, and smoke ventilation, windows are automated. To provide a comprehensive solution for residential and commercial buildings, automated windows include various IO devices, smoke detectors, rocker switches, manual call points (break glass, or key switches), and fire alarm systems.
The Commercial Buildings segment acquired maximum revenue share in the Global Door and Window Automation Market by End-Users in 2021 thereby, achieving a market value of $6.4 billion by 2028. The increasing use of automatic doors and windows in workplaces, banks & financial institutions, malls, and other commercial buildings is blamed for the segment's growth. Commercial buildings that have automatic doors and windows installed give users easy access without sacrificing security.
The Operators segment has shown the growth rate of 4.4% during (2022 - 2028). The main factor driving the highest share of this market is the increased usage of operators in corporate, retail, and industrial facilities to effectively and efficiently handle significant foot traffic. Swing and sliding doors are the main applications for these operators. They are frequently used in pedestrian doors since they can independently control the opening and closure of the door.
The North America market dominated the Global Door and Window Automation Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8.9 billion by 2028.The Europe market is exhibiting a CAGR of 4.9% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 5.8% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ABB Group, Siemens AG, Schneider Electric SE, Honeywell International, Inc., Assa Abloy AB, Allegion PLC, Dormakaba Holding AG, Royal Boon Edam International B.V., GEZE GmbH, and Came S.p.A.
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