NEW YORK, July 5, 2016 /PRNewswire/ -- "Door and window automation market to grow at a CAGR of 6.2% between 2016 and 2022"
The door and window automation market was valued at USD 11.48 billion in 2015 and is expected to reach USD 17.76 billion by 2022, at a CAGR of 6.2% between 2016 and 2022. The door and window automation market is expected to witness a shipment of 20.6 million units in 2022, at a CAGR of 7.9% between 2016 and 2022. Increased demand for infrastructure projects is expected to drive the growth of the market.
"Commercial sector expected to dominate the door and window automation market during the forecast period"
Automated doors & windows are highly used in the commercial sector which includes government buildings, banks & financial institutions, offices complexes, retail complexes, and shopping malls among others. Increasing need for safety, security, and easy accessibility for elderly as well as for disabled people is expected to drive the market for the commercial sector.
"APAC expected to hold the largest market share during the forecast period"
The APAC market is estimated to grow at the highest rate in the global market by 2022. The increasing usage of door and window automation systems in offices, hospitals, and airports among others is expected to drive the market in this region, especially in Japan. Currently, North America holds the largest share of the door and window automation market. Increased adaption of automated doors and windows in the U.S. is driving the market in the Americas.
In the process of determining and verifying the market size for several segments and subsegments of the door and window automation market gathered through the secondary research, extensive primary interviews have been conducted with key people. The break-up of the profiles of primary participants is shown below:
- By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
- By Designation: C-level Executives – 35%, Executive Directors – 25%, and Others – 40%
- By Region: North America – 45%, Europe – 20%, APAC – 30%, and RoW – 5%
The geographic segmentation in the report covers four major regions, namely, the Americas, Europe, APAC, and RoW. The report also profiles the major players in the door and window automation market, namely, ASSA ABLOY(Sweden), Boon Edam (Netherlands), Navetsco Corporation (Japan), Geze GmbH (Germany), dorma+kaba Group (Switzerland), Stanley Black & Decker, Inc. (U.S.), Came S.p.A. (Italy), Gera (Germany), Schneider Electric (France), Siemens AG (Germany),Honeywell International Inc. (U.S.), Allegion Plc(Ireland), ABB Ltd. (Switzerland), and Insteon (U.S.).
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