Solar Shading Systems Market Report by Product Type (Blinds, Shades, Louvers, Textiles), Geometry (Horizontal, Vertical, Egg-Crate), Mechanism (Fixed, Manual, Motorized), Material (Metal, Glass, Wood, and Others), and Region 2023-2028
The global solar shading systems market size reached US$ 11.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.
Solar shading system is a colling solution used for maintaining the internal temperature of an enclosed space against heat gain and reducing excessive glare. It can be used in all climatic conditions and latitudes to improve the thermal and daylighting performance of a building and to prevent the permeation of solar radiations. Solar shading systems are manufactured using fabrics or metals, such as aluminum, wood or iron and are installed at windows, doors, patios or facades of the buildings. They are commonly available in the form of blinds, shades and louvers in horizontal, vertical or egg-crate geometric styles. They are usually fixed or can be operated manually or through a motor. As a result, they are extensively used across industrial, commercial and residential constructions.
Solar Shading Systems Market Trends:
Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing development of smart cities is providing a thrust to the market growth. Aluminum-based solar shading systems are widely used in green buildings to minimize the energy load from the grid. In line with this, rising environmental consciousness among the masses is also contributing to the growth of the market. Consumers are widely adopting solar shading systems in commercial and industrial spaces to minimize their energy consumption and carbon footprint. Additionally, the launch of shading systems in aesthetically appealing designs, shapes and colors is acting as another growth-inducing factor. Product manufacturers are developing variants that can be integrated with the Internet of Things (IoT) and Bluetooth technologies to facilitate automatic adjustments and enhance the comfort for the user. Other factors, including extensive infrastructural developments, especially in the developing economies, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global solar shading systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, geometry, mechanism and material.
Breakup by Product Type:
Breakup by Geometry:
Breakup by Mechanism:
Breakup by Material:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Base Year of the Analysis
Product Type, Geometry, Mechanism, Material, Region
North America, Asia Pacific, Europe, Latin America, Middle East and Africa
United States, Canada, China, Japan, India, South Korea, Australia, Indonesia, Germany, France, United Kingdom, Italy, Spain, Russia, Brazil, Mexico
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
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Key Questions Answered in This Report
The global solar shading systems market was valued at US$ 11.3 Billion in 2022.
We expect the global solar shading systems market to exhibit a CAGR of 3.8% during 2023-2028.
The introduction of solar shading systems in aesthetically appealing designs, shapes, and colors, along with the advent of various product variants integrated with the IoT and Bluetooth technologies to facilitate automatic adjustments and enhance the comfort for the user, is primarily driving the global solar shading systems market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the global market for solar shading systems.
Based on the product type, the global solar shading systems market has been divided into blinds, shades, louvers, and textiles. Among these, blinds currently hold the majority of the total market share.
Based on the mechanism, the global solar shading systems market can be segmented into fixed, manual, and motorized. Currently, motorized exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global solar shading systems market include 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.
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