Global Solar Shading Systems Market
Global Solar Shading Systems Market
Global Solar Shading Systems Market
Global Solar Shading Systems Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 3.8 % during a forecast period.
Global Solar Shading Systems Market
The solar shading systems can be designed to provide a great architectural impact as well as being highly functional. Solar shading systems come in a variety of materials like glass, metal, wood, acrylic and fabric louvers.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
The solar shading systems market is expected to witness significant growth in sales as innovative and efficient traditions of shading spaces. Global warming prevails as a universal concern is expected to led consumers and commercial space owners toward installing solar shading systems. Solar shading has a high potential to empower efficient cooling, heating, and artificial lighting savings. The drive towards low energy consumption in buildings is one of the key drivers in the global solar shading systems market.
On the other hand, High costs with the installation of systems are expected to limit the growth in the market. However, an introduction of innovative smart control systems in regulating the operation of integrated air-conditioning, glazing, solar shading, and ventilation and lighting systems within a common framework, which acts as a major challenge in the global solar shading systems market. In recent years, different types of solar shading devices are proposed, with the consideration of building orientation, location, window characteristics, etc. They are used to improve or worsen building thermal and lighting performances both from an energy and well-being point of view.
The solar shading systems have the potential to impact energy usage, which helps to reduce the usage of fossil fuels. Buildings usage more than 40% of total energy resources, of which nearly about half is used for heating and cooling. The residential segment is expected to grow at a XX % rate of CAGR during the forecast period (2020-2027). The growth in the market is attributed to the increase in the adoption of a motorized solar shading system with innovative features in the residential spaces like patios, decks, or verandas for many occasions such as lunch, sunbath, gathering, and dinners. The concept of the smart building has gained significant momentum, which is increasing the adoption of solar shading systems in the residential sector.
Region-wise, North America region is expected to dominate the global solar shading systems market. The dominant position in the market is attributed to the presence of prominent key players in the market. The rise in the installation of solar shading systems and devices in new construction, and home renovation activities across the region are expected to boost the growth in the solar shading systems market. On the other hand, The Middle East and Africa region are expected to share US$ XX Mn share in the market during the forecast period (2020-2027) because of the existence of the high temperatures and concentrated solar radiation in the region.
Key players in the global solar shading systems market are delivering installation services in their product offerings, along with the deployment of aftersales services appropriate for maintenance & repair activities. Some of the solar shading systems market key players are also focusing on the adoption of automated systems, by collaborating with integrated service providers. Recently, solar shading systems are used in lucrative application areas like airports, railway stations, shopping malls, and tourist places.
The objective of the report is to present a comprehensive analysis of Global Solar Shading Systems Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Solar Shading Systems Market dynamics, structure by analysing the market segments and project the Global Solar Shading Systems Market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Solar Shading Systems Market make the report investor’s guide.
The Scope of the Report for Global Solar Shading Systems Market
Global Solar Shading Systems Market, By Type
• Fabric-Based
• Aluminium-Based
• Others
Global Solar Shading Systems Market, By Mechanism
• Fixed
• Manual
• Motorized
Global Solar Shading Systems Market, By Application
• Non-residential
• Residential
Global Solar Shading Systems Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Solar Shading Systems Market
• WAREMA Nederland B.V.
• Kawneer
• Lutron Electronics Co., Inc.
• Skyco Shading Systems, Inc.
• Springs Window Fashions
• Unicel Architectural
• Duco Ventilation & Sun Control
• Glasscon GmbH
• Hunter Douglas
• Alumet
• InSync Solar
• LINAK
• Roda Licht- und Lufttechnik Gmbh
• Comhan
• Insolroll controller
• Thermosash
• Construction Specialties
• Glazing GmbH
• Alliance Shadin
• Dock Blocks
• Draper, Inc.
• Colt Ameerica
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