Innovative Formulae To Re-Structure Growth Of Smart Shades Devices Market Between 2022 and 2031 at a CAGR of 7% : FactMR
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Key Takeaways from Market Study
The global smart shades market is anticipated to add 7.8X value by 2030.
Technology wise, ZigBee/Z-wave is expected to surge ahead at a thumping CAGR of more than 27% over the forecast period.
North America is an absolute market with a value of US$ 99.4 Mn in 2020, and is subjected to distend at a sturdy CAGR of 18% through 2030.
Residential end use of smart shades is poised to exhibit a sprightly growth rate of more than 24% CAGR, while the commercial sector is projected to add 6.1X value over the forecast period.
East Asia is set to unleash its ferociousness with a skyrocketing growth rate of close to 31% CAGR, owing to the manufacturing prowess of the region, widespread implementation of high-end technology, and ravaging digitalization within the region.
By sales channel, online sales are poised to bequeath courteous opportunities for smart shade manufacturers, owing to increasing use of online channels for purchasing, as well as intensifying penetration of online sales platforms across regions.
The market in the U.S. is set to witness an impressive CAGR of 19%, while that in the U.K. is projected at close to 26%, through 2030.
Value of the market in China is expected to surge at a 36% CAGR, making it the largest market by the end of the forecast period.
Due to the COVID-10 outbreak in 2020, the market witnessed a poor growth rate of 3.6%. However, 2021 promises to be better, at a growth rate of 16.5%.
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More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global smart shades market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges essential insights on the basis of technology (Wi-Fi, Bluetooth, ZigBee/Z-Wave, and radio waves), end use (residential and commercial), and sales channel (direct to customer, online sales channels, hypermarket/ supermarkets, speciality stores, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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The study offers comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales of smart shades across the globe.
A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of smart shades during the forecast period. Price point comparison by region with global average price is also considered in the study.
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