Solar Shading Systems Market : Increasing demand with key players Like Duco Ventilation & Sun Control, Glasscon GmbH, Hunter Douglas, Insolroll, Kawneer, Lutron Electronics

According to a new report published by Allied Market Research, titled, "Solar Shading Systems Market by Type, Mechanism, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026," global solar shading systems market size was $10.8 billion in 2018, and is projected to reach $14.5 billion by 2026, registering a CAGR of 3.6% from 2019 to 2026. The commercial segment garnered over 50.0% global solar shading systems market share in 2018 and is expected to witness significant growth during the forecast period.

Based on region, North America contributed to the largest share in terms of revenue, holding more than two-fifths of the total share in 2018, and is expected to maintain its dominant share throughout the forecast period. However, Asia-Pacific is expected to grow the highest CAGR of 4.1% from 2019 to 2026.

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Based on type, the blinds segment contributed to more than half of the total market share in 2018, and is expected to continue to contribute its dominant share based on revenue during the forecast period. However, the shades segment is estimated to witness the largest CAGR of 4.2% from 2019 to 2026.

Nevertheless, unreliable harsh weather conditions hamper the development of the solar shading system industry, explicitly in areas that are susceptible to heavy rainfall and snowfall. On the contrary, technological developments such as the introduction of remote control, sensors, and others, are expected to offer remunerative opportunities to the key market players. Protection from sun, developments in fabric material, and expansion of the living space are expected to stimulate the growth of the solar shading system industry.

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Key Findings of the Study:
o The report provides an extensive analysis of the current and emerging solar shading systems market trends and dynamics.
o Depending on application, the non-residential segment dominated the market in 2018, and residential segment is projected to grow at a significant CAGR during the forecast period.
o By type, the blinds segment held a majority of the solar shading systems market share in 2018.
o On the basis of mechanism, in 2018, motorized segment is anticipated to hold the largest share of the global solar shading systems market.
o Asia-Pacific is projected to register the highest growth rate during the study period.
o U.S. accounted for over 60% of the share of the North America market in 2018.

Top Leading Market Players-

Leading market players analyzed in the research include Duco Ventilation & Sun Control, Hunter Douglas, Glasscon GmbH, Kawneer, Insolroll, Skyco Shading Systems, Inc., Lutron Electronics Co., Inc., Unicel Architectural, Springs Window Fashions, and WAREMA Nederland B.V.

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