According to the latest report by IMARC Group, titled, “Solar Shading Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global solar shading systems market size reached US$ 10.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2027, exhibiting a growth rate (CAGR) of 4% during 2022-2027.
A solar shading system refers to a cooling solution used to minimize excessive glare and control the internal temperature of an enclosed area against heat gain. It is manufactured using fabrics or metals, such as aluminum, iron, or wood, and installed at doors, patios, windows, and facades of a building. It can also be used in different climatic conditions and latitudes to enhance thermal and daylighting performance while preventing solar radiation infiltration.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Solar Shading Systems Market Trends:
The burgeoning construction industry worldwide is catalyzing the demand for solar shading systems in residential, commercial, and industrial establishments. In addition, increasing investments in the development of smart cities are catalyzing the need for aluminum-based solar shading systems to minimize the energy load from the grid. Besides this, the rising trend of green buildings is leading to the widespread adoption of solar shading systems to reduce carbon emissions and energy consumption. Furthermore, leading market players are integrating the internet of things (IoT) and Bluetooth technologies in product variants to facilitate automatic adjustments, which is projected to drive the market.
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Solar Shading Systems Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Duco Ventilation & Sun Control, Glasscon GmbH, Hunter Douglas Inc., Insolroll Corporate, Kawneer (Arconic Corporation), Lutron Electronics Co. Inc, Skyco Shading Systems Inc., Springs Window Fashions, Unicel Architectural Corp. and WAREMA Renkhoff SE.
The report has segmented the market on the basis on product type, geometry, mechanism and material.
Breakup by Product Type:
Blinds
Shades
Louvers
Textiles
Breakup by Geometry:
Horizontal
Vertical
Egg-Crate
Breakup by Mechanism:
Fixed
Manual
Motorized
Breakup by Material:
Metal
Glass
Wood
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.