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Commercial gate opener market to reach $2.95 billion

Press Release   •   Aug 02, 2012 13:56 BST

The commercial gate opener market was valued at $1.95 billion in 2010 and has been forecast to reach a total market value of $2.95 billion by 2017.

Due to the current weak economy, growth within the commercial gate opener market is set to be predominantly driven by the refurbishment of existing buildings. Furthermore, innovation is core to the market growth of the industry.

Commercial gates are evolving more sophisticated feature function packages and provide better security in a world that has moved to value security.

Enhancements in technology have meant that new systems are able to power down when not in use, as to decrease the power draw occurring when the operator is not in use.

Companies participating in the commercial gate opener market have to do an incredible amount of research, development, and testing before they are even able to think about introducing a new product.

DC operation for operators has been evolving and one would think that solar driven systems will be introduced to the market in the near future.

For more information on the commercial gate opener market, see the latest research: Commercial Gate Opener Market Report

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