Report : Asia Pacific Door and Window Automation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Access Control Systems, Control Panels, Sensors and Detectors, Motors and Actuators, and Others), Product Type (Windows, Industrial Doors, and Pedestrian Doors), End User (Residential, Commercial, and Industrial)
Access Control Systems Segment has the Largest Share of Component in the Asia Pacific Door and Window Automation Market during 2020–2028
According to a new market research study on “Asia Pacific Door and Window Automation Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Component, Product Type, End User and Country” is expected to reach US$ 5,897.32 million, by 2028 from US$ 3,847.09 million in 2021. The market is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific door and window automation market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to increase in benefits offered by automatic door sensors and rise in demand from end-use industries are the key factors driving the market growth. However, the market is expected to experience slow growth during the forecast period high installation and maintenance cost.
The COVID-19 pandemic has severely impacted APAC due to wide spread of the virus; countries in this region are among the highly populated, which leads to the greater risk infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. India is the worst-hit country by the pandemic in this region. Many global brands and technological companies are headquartered in the region. The limitations imposed by governments to control the spread of COVID-19 during initial time frame of the outbreak in the countries had showcased decline in revenue generation among the door and window automation market players in the region. However, as the countries re-opened and industries initiated their operations, the demand for door and window automation from various end users upscaled, which led the market to witness a positive growth at the end of 2020.
The market for Asia Pacific is segmented into the component, product type and end user. Based on component, the Asia Pacific door and window automation market is segmented into access control systems, control panels, sensors and detectors, motors and actuators, and others. In 2021, the sensor and detectors segment accounted for a larger revenue share during the forecast period. However, the access control systems segment is estimated to register the highest CAGR during the forecast period. Access control or video intercom system can also identify when automatic doors should open.
ABB; Allegion plc; Assa Abloy AB; Came S.p.A.; Honeywell International Inc.; Nabtesco Corporation; Schneider Electric SE; Siemens AG; and GEZE GMBH. Among the leading companies in the Asia Pacific door and window automation market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for Asia Pacific door and window automation market is segmented into component, product type, end user. Based on component, the Asia Pacific door and window automation market is segmented into access control systems, control panels, sensors and detectors, motors and actuators, and others. Based on product type, the Asia Pacific door and window automation market is segmented into windows, industrial doors, and pedestrian doors .Based on end user, the Asia Pacific door and window automation market is segmented into residential, commercial, and industrial. By Geographically, Asia Pacific door and window automation market is segmented into (Australia, China, India, Japan, South Korea, and Rest of APAC).
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