May 20, 2020 1:15 AM ET
iCrowd Newswire – May 20, 2020
The Global Solar Shading Systems Market is estimated to grow at a CAGR of 3.6% during the forecast period 2019-2026. The market research study presents that the luxury handbag industry accounted $10.78 billion in the year 2018 and is estimated to reach $14.52 billion by the end of the year 2026.
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The Solar Shading Systems industry is driven by various growth factors such as increasing demand for sustainable and aesthetic products in residential and commercial buildings, increasing activities related to expansion of living spaces coupled with demand from sun protection and growth in spending on retrofitting activities and home remodelling. However, high costs of installation of motorized solar shading system and lack of reliability of solar shading systems in harsh weather conditions will hamper the market growth in the future period. While, technological advancements in fabric materials will offer lucrative market opportunities in the global marketplace.
Segmentation Overview of the Global Solar Shading Systems Market
The report on the Global Solar Shading Systems Market include the study across various market segments such as:
The Type Segment of the Global Solar Shading Systems Market is Sub-Segmented into:
The Mechanism Segment of the Global Solar Shading Systems Market is Sub-Segmented into:
The Application Segment of the Global Solar Shading Systems Market is Sub-Segmented into:
Geographical Overview of the Global Solar Shading Systems Market
The global solar shading systems market is segmented on the basis of various geographical regions, such as:
- North America (Canada, U.S. and Mexico)
- Europe (Germany, France, UK, Italy, Spain, The Netherlands and Rest of Europe)
- Asia Pacific (Japan, China, Australia and Rest of Asia Pacific)
- LAMEA (Latin America, Middle East and Africa)
As per the regional study, the North America solar shading systems market recorded as the largest shareholder in the global marketplace in terms of market revenue. The regional market holds 2/5th of the total market share in the year 2018 and is estimated to maintain its dominance over the forecast period. Whereas, the Asia-Pacific solar shading systems market is estimated to grow at fastest growth rate with the highest CAGR of ~4% during the forecast period 2019 to 2026.
Key Players Insights
WAREMA Nederland B.V., Springs Window Fashions, Unicel Architectural, Lutron Electronics Co., Inc., Skyco Shading Systems, Inc., Insolroll, Kawneer, Glasscon GmbH, Hunter Douglas and Duco Ventilation & Sun Control are some major players included in the research study of the global solar shading systems market. The market players are adopting various competitive strategies to withhold the large market share in the global solar shading systems market.
The research reports by Report Ocean are compiled considering the impact of COVID-19. The COVID-19 pandemic has impacted almost every industry worldwide at various stages from production to supply chain. The Solar Shading Systems Market research report also include the different section that explains about the long-term impact (if any) on the market along with current market study while considering regional impact of the pandemic, government policies and growth rate of region among other factors.
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Keywords: Solar Shading Systems Market