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Windows & Doors Market for uPVC material is expected to grow at a CAGR of 4% by 2024

Author : Rahul Varpe | Published Date : 2019-06-27 

The ongoing trend prevalent in windows & doors market is that of renovating historic buildings with energy efficient windows. Due to the lack of funding for refurbishments from regional governments, engineers have been looking out for cost-effective and highly strong products that can be incorporated in building design. The increasing need to save energy has led to a major percentage of homeowners giving preference to energy efficient products, which will suitably propel overall market size, slated to cross a mammoth valuation of USD 260 billion by 2024.

In the United States, for instance, near the Gippsland lakes, most of the homeowners have installed LEGG windows and doors, through which occupants have the privilege of capturing the beautiful view of the lake from every window in the house. Apart from the U.S., countries across the Middle East and Europe have also been heavily investing in innovative product design for commercial zones such as shopping malls and restaurants, which will favorably influence windows & doors market share.

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The fundamental driving force behind the growth of windows & doors market is the escalating infrastructure development prevalent across the residential and commercial sectors. Of late, most of the homeowners have been giving preference to high performance, attractive, and custom crafted products. Given the subsequently escalating demand for customized windows and doors, architects have been rapidly focusing on the improvisation of product design and development.

Taking into account the proliferating trend of smart homes, participants in windows & doors market are revolutionizing their product pipeline with the help of new technologies such as sensors and IoT. Recently, the U.S. based Pella Corporation deployed wireless technology to increase the security system of windows and doors. In order to commercialize the product, the company teamed up with Resolution Products, one of the well-known providers of wireless solutions. This technology would be installed in windows and doors during the manufacturing process and would offer security to consumers without impacting the aesthetic properties of product. Thus, the shifting focus of the manufacturers toward development of innovative and advanced products is likely to augment market outlook.

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Apart from uPVC based products, since the last few years, aluminum has gained popularity across windows & doors market. It has been observed that aluminum building components are being extensively used across the residential zones in Kenya, as these products offer several benefits such as durability, strength, light weight, less cost, and an aesthetically pleasant appearance. Furthermore, aluminum is strong enough to withstand calamities and is sufficiently flexible, on account of which manufacturers will have the freedom to develop a myriad range of designs. In order to increase the shelf life of building components, consumers have been inclining toward aluminum of late, which has considerably fueled windows & doors industry share.

Taking into account the proliferating trend of smart homes, participants in windows & doors market are revolutionizing their product pipeline with the help of new technologies such as sensors and IoT. Recently, the U.S. based Pella Corporation deployed wireless technology to increase the security system of windows and doors. In order to commercialize the product, the company teamed up with Resolution Products, one of the well-known providers of wireless solutions. This technology would be installed in windows and doors during the manufacturing process and would offer security to consumers without impacting the aesthetic properties of product. Thus, the shifting focus of the manufacturers toward development of innovative and advanced products is likely to augment market outlook.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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