Solar Shading Systems Market Size to reach $21,348.2 million by 2027, registering a CAGR of 3.9% from 2020 to 2027

The global solar shading systems market size was $17,550.0 million in 2019 and is projected to reach $21,348.2 million by 2027, registering a CAGR of 3.9% from 2020 to 2027. Based on product type, the blinds segment held over 40.0% of the global solar shading systems market share in 2019 and is expected to witness significant growth during the forecast period.

Solar shading systems are made either of fabric or metals such as aluminum, wood, or iron and are installed at windows, doors, patios, and gardens, to provide solar protection and offer energy savings. Residential as well as the commercial sector benefits from its several applications as they add aesthetics to homes or commercial buildings by gratifying the architectural coloring and design.

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Solar shading systems act as a reliable solution as covering for windows, decks, doors, walkways, and patios. Further, they enhance the beauty of a building and shields flooring, artwork, and furniture from sun damage, which in turn is projected to stimulate the growth of the market.

Nevertheless, the high initial purchasing costs and installation costs of a motorized solar shading system is one of the major challenges faced by companies to tap the residential solar shading system market. Besides, fixed solar shading systems, which are less in cost are not durable, necessitate a frequent change of fabric, and require regular maintenance, thereby restraining the growth of the market.

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The global Solar Shading Systems Market is segmented into product type, mechanism, geometry, material, and region. The blinds segment registered the highest share in 2019. Based on the product type, the market is segregated into the blinds, shades, louvers, and textiles. The louver is further sub divided into horizontal & vertical, and internal & external.
Based on mechanism, the market classified is into fixed, manual, and motorized. Depending on geometry, the market is divided into horizontal, vertical, and egg-crate. The material segment is further divided into metal, glass, wood, and others

Region-wise, the Solar Shading Systems Market is analyzed across North America (Mexico, and rest of North America), Europe (Germany, France, UK, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Thailand, Taiwan, Vietnam, Australia, and Rest of Asia-Pacific), Latin America and Middle East (Brazil, Colombia, Costa Rica, and Rest of Latin America and Middle East, and Africa (South Africa, Kenya, and Rest of Africa). North America is expected to dominate the market throughout the forecast period. Asia-Pacific is projected to experience high growth during the forecast period owing to expansion of the construction industry in the region.

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COMPETITION ANALYSIS

The key market players profiled in the report of the global Solar Shading Systems Market include Duco Ventilation & Sun Control, Glasscon GmbH, Hunter Douglas, Insolroll, Kawneer, Lutron, Skyco Shading Systems, Inc., Springs Window Fashions, Unicel Architectural, and WAREMA Nederland B.V.

KEY BENEFITS FOR STAKEHOLDERS

o The report provides an extensive analysis of the current and emerging solar shading systems market trends and dynamics.
o In-depth market analysis is conducted by solar shading systems market estimations for the key market segments between 2019 and 2027.
o Extensive analysis of solar shading systems market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
o A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
o The global solar shading systems market forecast analysis from 2020 to 2027 is included in the report.
o The key market players within solar shading systems market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the solar shading systems market.

SOLAR SHADING SYSTEMS MARKET SEGMENTS

By Product Type

o Blinds
o Shades
o Louvers
o Textiles

By Geometry

o Horizontal
o Vertical
o Egg-Crate

By Mechanism

o Fixed
o Manual
o Motorized

By Material

o Metal
o Glass
o Wood
o Others

BY REGION

o North America
o Mexico
o Rest of North America
o Europe
o Germany
o Spain
o UK
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Thailand
o Taiwan
o Vietnam
o Australia
o Rest of Asia-Pacific
o Latin America and Middle East
o Brazil
o Colombia
o Costa Rica
o Rest of Latin America and Middle East
o Africa
o South Africa
o Kenya
o Rest of Africa

KEY PLAYERS

o Duco Ventilation & Sun Control
o Glasscon GmbH
o Hunter Douglas
o Insolroll
o Kawneer
o Lutron Electronics Co., Inc.
o Skyco Shading Systems, Inc.
o Springs Window Fashions
o Unicel Architectural
o WAREMA Nederland B.V.

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