Solar Shading Systems Market by Type (Fabric-based, Aluminium-based, Others),Application (Residential, Commercial, Others),Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019to 2026.
The global solar shading systems market is expected to grow from USD 3,763.2 Million in 2018 to USD 5,021.9 Million by 2026 at a CAGR of 3.7% during the forecast period from 2019-2026.Growth and development in construction and infrastructure development activities worldwide and increase in smart city projects are the two major factors leading to growth of the market.
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The residential segment is dominating the market with the highest share of 51.20% in 2018
The application segment is segmented into residential, commercial and industrial. The commercial segment is dominating the market in 2018. Increase in sales in the residential sector is caused by the installation of solar shading systems and devices in new construction, and growing home renovation activities.
Aluminium-based segment dominated the market and valued around USD 1,821.38 Million in 2018
The type segment is segmented into fabric-based, aluminium-based and others. The aluminium-based segment is dominating the market with the highest share in 2018. Aluminium-based solar shading systems are highly preferred option adopted by manufacturers owing to their attributes such as rigidity and durability, and shield-protection from solar radiation.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. The North America is dominating the market with the highest market share of 39.80% due to the presence of key leaders in the market. The region is dominating due to larger sales volume accompanied by consumption value. Also,the region has more advanced equipment, strong R & D capability, the technical level is in a leading position
The major players of market include WAREMA Nederland B.V., Glasscon GmbH, Thermosash, Alumet, Insolroll controller, Alliance Shadin, RodaLicht- und LufttechnikGmb, Comhan, InSync Solar, LINAK, Draper, Inc., Glazing GmbH, Solar Shading Systems, Inc., Construction Specialties, Coltinfo.co.uk, SWFcontract, Norsk Hydro ASA, and Duco Ventilation & Sun Control.For instance, in January 2019,Berthon Boat Company in the UK has expanded its activities with the acquisition of Marine IP, which trades under the name of VersaDock, for an undisclosed sum. Berthon used its Lymington Marina Ltd subsidiary to make the purchase
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