Solar Shading Systems Market

Market Overview:

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:

• 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
   

Competitive Landscape:

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.

Report Coverage: