Solar Shading System Market (By Type: Shades, Blinds; By Mechanism: Motorized, Fixed, Manual; By Application: Residential, Non-residential) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027
Select Access Type
Acumen Research and Consulting estimates that global Solar Shading System market is expected to reach the market value of around US$ 15.5 Bn by 2027 and is anticipated to grow at a CAGR of around 4% in terms of revenue during the forecast period 2020 – 2027.
Solar shading systems have grasped massively by enabling conservation of energy while heating radiation injection into commercial and residential space is being eliminated. An important feature of solar shading systems are flexible heat reflection rings, which offer significant protection for buildings against overheating. Solar shading systems deliver solid, concentrated solar radiation architectural solutions and shading.
The report provides analysis of global Solar Shading System market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Insights
Solar shading systems tend to be seen as a significant improvement in revenue as a creative and effective shading systems. Global warming is a big concern around the world that consequently has increase demand for the construction of solar shading systems by customers and commercial space owners. In addition to providing aftersales services suitable for maintenance and repair, major players operating on the market of solar shading systems provide the installation facilities in their product ranges. In partnership with distributed service providers, leading players on the market for solar system shading are also focused on delivering automatic systems. Inclusion of airports, bridges, shopping centers and tourist places involves the recycling areas for solar shading systems that propel their adoption in recent years.
Regional Stance
North America dominates the target market owing to the involvement of major industry players. The field is dominated by a higher level of trade and consumption. The area also has more state-of-the-art facilities, a good R&D potential and a leading technological standard.
The development of both retractable and fixed solar shading systems in countries like Japan, China, and India is projected to grow at high CAGRs during the entire study period. The increase in the construction and restoration of solar shading systems and equipment in new buildings and home repairs in the area would drive growth in the demand for solar shading systems. The Middle East and Africa are also projected to become a rapidly developing market for solar shading due to high temperatures and extreme solar radiation in the region.
Report coverage
The market research study on “Solar Shading System Market (Solar Shading System Market By Type: Shades, Blinds; Solar Shading System Market By Mechanism: Motorized, Fixed, Manual; Solar Shading System Market By Application: Residential, Non-residential) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Solar Shading System market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Solar Shading System market size, and segment markets by type, mechanism, application, and geography along with the information on companies operating in the market. The Solar Shading System market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Solar Shading System market is segmented as below:
Market Segmentation
Solar Shading System Market By Type
- Shades
- Blinds
Solar Shading System Market By Mechanism
- Motorized
- Fixed
- Manual
Solar Shading System Market By Application
- Residential
- Non-residential
Solar Shading System Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such Thermosash, Glasscon GmbH, Insolroll controller, Alumet, Roda Licht- und Lufttechnik Gmb, Alliance Shadin, Comhan, WAREMA Nederland B.V., InSync Solar, and Others.
These businesses are expected to produce a large amount of premium goods and have an important effect on the growth during the forecast period of the demand for solar shading systems.
2019, In its trustworthy and efficient Sivoia, Lutron Electronics Co., Inc. announced additional expertise by launching Lutron Roller 64. With WIDR technology, the latest Roller 64 product line embraces solar tones of up to 12 feet in diameter, and is compact enough to fit into a 4 inch square pocket. These shades can also be built slimmer-up to 17.5 inches, smaller than their previous color range.