At 7.3% CAGR, the Asia Pacific Doors and Windows Automation Market is Projected to be Worth US$ 8,522.65 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the Asia Pacific doors and windows automation market was valued at US 4,857.20 million in 2023 and is expected to reach US$ 8,522.65 million by 2031, registering a CAGR of 7.3% from 2023 to 2031. Smart city initiatives and advancements in automated technologies are among the critical factors attributed to the Asia Pacific doors and windows automation market expansion.

Cities are becoming more technologically advanced and connected, leading to a growing demand for automated infrastructure that can optimize building operations, enhance security, and improve energy efficiency. As per the United Nations Development Programme, more than 60% of the world's population lives in cities, consisting of more than 70% working population; also, 80% of the world's economic value is generated in cities. Governments of various countries are taking initiatives toward smart cities focused on using the Internet to share information, improve operational efficiency, and provide a better quality of service to citizens living in smart cities. For instance, according to the Ministry of Urban Development, there are a total of 8,033 (Smart Cities Mission) projects in 100 cities of India, from which 7,038 (88%) are already completed and 995 (12%) are ongoing projects. Similarly, in 2023, the Government of China announced its plan to build more than 500 smart cities. In July 2023, the government financed a project worth US$ 200 million to develop Guangzhou Smart City Project Phase 1. Smart city initiatives involve adopting various smart technologies, including door and window automation systems, that make operations more energy efficient and sustainable, as well as minimizing carbon emissions. Therefore, the rising number of initiatives in smart city projects is anticipated to create various opportunities for market growth during the forecast period.

On the contrary, high initial costs hamper the growth of Asia Pacific doors and windows automation market.

Based on type, the Asia Pacific doors and windows automation market is segmented into pedestrian doors, industrial doors, and windows. The pedestrian doors segment held 45.7% share of the Asia Pacific doors and windows automation market in 2023, amassing US$ 2,221.73 million. It is projected to garner US$ 4,143.50 million by 2031 to expand at 8.1% CAGR during 2023–2031.

Based on component, the Asia Pacific doors and windows automation market is segmented into sensors and detectors, access control systems, control panels, motors and actuators, and others. The sensors and detectors segment held 38.9% share of the Asia Pacific doors and windows automation market in 2023, amassing US$ 1,891.50 million. It is projected to garner US$ 3,565.34 million by 2031 to expand at 8.2% CAGR during 2023–2031.

Based on industry verticals, the Asia Pacific doors and windows automation market is segmented into commercial, industrial, and residential. The commercial segment held 51.2% share of the Asia Pacific doors and windows automation market in 2023, amassing US$ 2,488.13 million. It is projected to garner US$ 4,692.06 million by 2031 to expand at 8.3% CAGR during 2023–2031. The commercial segment is further sub segmented into retail, healthcare, airports, hotels and restaurants and others.

Based on control systems, the Asia Pacific doors and windows automation market is segmented into fully automatic, semi automatic, and power assist. The fully automatic segment held 62.3% share of the Asia Pacific doors and windows automation market in 2023, amassing US$ 3,024.62 million. It is projected to garner US$ 5,492.04 million by 2031 to expand at 7.7% CAGR during 2023–2031.

Based on country, the Asia Pacific doors and windows automation market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China held 30.3% share of Asia Pacific doors and windows automation market in 2023, amassing US$ 1,473.78 million. It is projected to garner US$ 2,954.84 million by 2031 to expand at 9.1% CAGR during 2023–2031.

Key players operating in the doors and windows automation market are ABB Ltd; Allegion Plc; Assa Abloy AB; Came S.p.A.; Honeywell International Inc; Insteon; Nabtesco Corp; Schneider Electric SE; Siemens AG;GEZE GMBH; dormakaba Holding AG; Hormann Industries GmbH; Kintrol Pty Ltd; BEA (A Halma Company); JLC Group Ltd; Deutschtec; Auto Ingress Pty Ltd; Ozone Overseas Pvt. Ltd.; ERREKA; and Schüco International KG, among others.

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