Solar Shading Systems Market Trends, Analysis, Segmentation, Forecast to 2027

The solar shading systems market has observed significant growth over the past decade, owing to implementation of newer state-of-the-art technologies in the solar shading systems. In addition, upsurge in investments in the construction industry across the globe are projected to positively influence the global solar shading systems market growth. Several players such as Hunter Douglas, Springs Window Fashions, and Lutron Electronics Co., Inc. are expanding their business worldwide owing to the augmented customer base, improved effective operations, expanded geographical reach, and developed product portfolios.

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.

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Driving Factors:
The development of the global solar shading system market is driven by advances in fabric material and the need for the beautification of commercial as well as residential buildings. In addition, the capability of solar shading systems can be used to surge the utilization of veranda, patio, and garden, which is anticipated to boost the growth of the solar shading system market. Furthermore, technical advances that include motorized and manual retraction mechanisms have led to the development of the market.

Individuals have become more focused toward lowering energy consumption. Hence, they have started to install motorized or fixed solar shading systems to keep their houses cool in summer. These solar shading systems serve as a profitable solution to avert harmful UV rays from damaging artwork, furniture, and floor in the residential and commercial spaces. A rise in demand for solar shading system installation in the residential and commercial sectors to intensify the use of available outdoor spaces is catering to the growth of the global solar shading system market. However, the high installation cost and initial purchase of retractable are projected to hamper the growth of the solar shading system industry.

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Top Players:
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 Findings Of The Study
• The report provides an extensive analysis of the current and emerging market trends and dynamics.
• By product type, the blinds segment registered the highest revenue in the solar shading systems market in 2019.
• Depending on the material, the metal segment dominated the solar shading systems market, in terms of revenue in 2019.
• By mechanism, the motorized segment registered the highest revenue in the solar shading systems market in 2019.
• Asia-Pacific is projected to register the highest growth rate during the study period.
• North America accounted for over 41.2% of the share of the global solar shading systems market in 2019.
• The key players within the market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the solar shading systems industry.

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