Solar Shading Systems Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, Geometry, Mechanism and Material : Global Opportunity Analysis and Industry Forecast, 2020-2027

Solar Shading Systems Market Outlook - 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

Market Dynamics

Solar shading systems eliminate the permeation of sun rays in the buildings. Besides, they seek substantial adoption to shield against the overheating of commercial and residential spaces. These systems provide robust architectural solutions and features for solar protection & shading. 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. 

Further, they entirely change the look of a refurbished or a new building by making a spectacular design influence while reducing energy costs by lessening solar heat gains. They are suitable for schools, offices, and other public and commercial buildings, both refurbished and new. In addition, solar shading can benefit to meet the energy conservation necessities of building regulations while lowering building running costs and growing comfort for occupants.

In Latin America and the Middle East, increase in demand for solar shading from the residential and commercial sectors is confined to few countries with substantial economic growth. In addition, an increased focus on sustainability and renewables is estimated to contribute to the growth of the market. Latin America experiences substantial adoption and growth in the solar shading systems market. An increase in investment in high-end technological solar shading systems by countries such as Germany, France, and the UK is a key factor that fuels the growth of the market. 

A rise in residential construction activities, is estimated to further boost the solar shading systems market growth. According to the German Construction Federation (ZDB) and the German Construction Industry Federation (HDB) this 4% growth in the German construction sector translates to $124.45 billion.

A rise in need of solar shading systems in residential and commercial construction activities, owing to features such as aesthetic look of building, availability in attractive shapes, and colors, fuels the growth of the solar shading systems market. 

However, high cost required for installing solar shading is anticipated to restrain the growth of solar shading systems market. For instance, the typical range of an average-sized motorized solar shading system with installation for a residential project is $320-$650 per average window. Moreover, the price of a fixed or retractable solar shading system can cost more in case of a heavier metal blade and sheathing material. This may affect the market in regions where customers prefer less expensive options.

Segmental Overview

The global solar shading systems market is segmented on the basis of product type, mechanism, geometry, material, and region.  

On the contrary, technological advancement such as motorized solar shading system, and sensor based solar shading systems, is anticipated to provide lucrative opportunities for growth of the solar shading systems market. 

Based on the product type, the market is segregated into the blinds, shades, louvers, and textiles. The blinds segment registered the highest share in 2019. The louver segment 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.

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.

The key players in this market adopted product launch as their key strategies to meet the change in consumer demands. For instance, in September 2019, Lutron Electronics Co., Inc. added proficiencies within its trusted and reliable Sivoia quiet motorized shade product line by introducing Lutron Roller 64. The new Roller 64 product family is equipped with WIDR technology that can support solar shades up to a width of 12 feet, and it is efficient enough to fit into a 4-inch square pocket. In addition, these shades can be built slimmer -- down to 17.5 inches, an inch narrower than its earlier product line.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging solar shading systems market trends and dynamics.  
• In-depth market analysis is conducted by solar shading systems market estimations for the key market segments between 2019 and 2027. 
• Extensive solar shading systems market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
• The global solar shading systems market forecast analysis from 2020 to 2027 is included in the report.
• The key market players within the 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 Report Highlights

Aspects	Details
By PRODUCT TYPE	Blinds Shades Louvers Textiles
By MECHANISM	Fixed Manual Motorized
By GEOMETRY	Horizontal Vertical Egg-crate
By MATERIAL	Metal Glass Wood Others
By Region	North America  (U.S., Canada, Mexico) Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players	LUTRON ELECTRONICS CO., INC., .INSOLROLL CORPORATE, UNICEL ARCHITECHTURAL CORP., .GLASSCON GmbH., KAWNEER BENELUX, SKYCO SHADING SYSTEMS, INC., WAREMA NEDERLAND B.V., SPRINGS WINDOW FASHIONS, LLC, DUCO VENTILATION & SUN CONTROL, HUNTER DOUGLAS INC.

Analyst Review

The solar shading systems are broadly used in residential and commercial buildings. In accordance with several interviews conducted, the demand for solar shading systems has increased due to rise in demand for energy savings and solar protection.

Leading companies, such as Hunter Douglas and Kawneer, have witnessed significant growth and expansion of their overall consumer base in the past few years, as they offer numerous types of solar shading systems with attractive features across the globe. Moreover, innovative marketing and positioning strategies have influenced the expansion of the global Solar Shading Systems Market.

According to the perspectives of CXOs of leading companies, the Solar Shading Systems Market is expected to witness significant growth during the study period, due to development in the window industry and surge in the support offered by governments through incentives in the coming years. Besides, the usage of solar shading systems in the application segment such as window and patio buildings, is expected to increase across the world due to lowering of costs of this equipment.

Besides, solar energy being a natural source does not cause air pollution; hence, it is estimated to boost the growth of the market during the forecast period. North America is projected to be the highest revenue contributor, whereas Asia-Pacific is expected to offer lucrative growth opportunities to the key players in this market. However, high initial purchasing costs and increased installation cost of motorized systems hamper the growth of the market. On the contrary, technological advancements such as the implementation of sensors and remote control offer remunerative opportunities for the market.

Author Name(s) : Amol Phoke| Amar Chinchane | Sonia Mutreja

Related Tags

• Solar Shading
• Insulation
• Sun Protection
• Energy Management

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