Sales of Solar Shading System Market to Decelerate in 2020 as COVID-19 Pandemic Takes its Toll on Global Market

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Solar Shading System Market

• April 2020

Report Id REP-GB-9007 Published On Feb
28,2019 Category Industrial Automation and
Equipment
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Solar Shading System Market Analysis
According to a new study of Future Market
Insights (FMI), the global solar shading system
market is projected to record a steady 3 CAGR
through 2027. The solar shading system market was
valued at US 3,672.6 Mn in 2017 and is expected
to reach US 3,931.3 Mn by 2027-end. Resurgent
growth in construction and infrastructure
development activities worldwide, along with the
rise in smart city projects, has been driving the
adoption of solar shading systems in the recent
past. The solar shading system market has been
segmented on the basis of the application area,
component type, technology, and region. Based on
the application area, the solar shading systems
market is segmented into residential, commercial,
and industrial areas. Gains from the residential
sector are expected to increase at a relatively
faster rate through 2027.  Sales in the
residential sector will be driven by the
installation of solar shading systems and devices
in new construction, and growing home renovation
activities. Based on the component type, the
solar shading system market is segmented into
aluminum-based, fabric-based, and other types.
Aluminum-based solar shading systems continue to
witness robust adoption in the residential and
industrial sectors, owing to their attributes
such as rigidity and durability, and
shield-protection from solar radiation. On the
other hand, fabric-based solar shading systems
are expected to register a relatively higher CAGR
through 2027, in light of their innovative and
economic nature.
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Solar Shading System Market Analysis
On the basis of region, the solar shading system
market is segmented into North America, Latin
America, Europe, Japan, Asia Pacific Excluding
Japan (APEJ), and Middle East Africa (MEA). The
solar shading systems market in Latin America is
expected to witness a relatively faster growth
through 2027. The fact that the region occupies a
large span of tropical and sub-tropical regions
contributes to its relative supremacy in the
solar shading systems market. The Middle East
and Africa are also expected to gain significance
as a fast-growing market for solar shading
systems, owing to the high temperatures and
intense solar radiations in the region. However,
North America and Asia-Pacific excluding Japan
(APEJ) continue to remain the most lucrative
markets for solar shading systems. According to
the study, business partners are entering into
long-term contracts for revenue generation and
product innovation strategies, which in turn have
been paving lucrative growth opportunities for
the solar shading systems market. Key players
operating in the global solar shading system
market include Solar Shading Systems, Inc.,
Construction Specialties, Coltinfo.co.uk,
SWFcontract., Norsk Hydro ASA, Duco Ventilation
Sun Control, LINAK, Draper, Inc, Glazing GmbH,
Roda Licht -und Lufttechnik Gmb Comhan, InSync
Solar, WAREMA Nederland B.V., Glasscon GmbH,
Thermosash , Alumet, and Insolroll.
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Solar Shading System Market Analysis
These companies are eyeing to roll out a high
number of quality solar shading systems. Gunnebo
Group has a wide and diversified product
portfolio of solar shading system, while Sand is
continuously expanding its presence in various
regions around the world. Dormakaba, Inc., a
major supplier, and manufacturer of solar shading
systems are banking on the product
diversification strategy to boost its sales and
revenues. For exclusive insights on the global
solar shading systems market performance during
2018-2027 Request for covid19 Impact Analysis
https//www.futuremarketinsights.com/covid19/REP-G
B-9007 Press Release Source https//www.prnewswi
re.com/news-releases/solar-shading-systems-market-
reflecting-a-cagr-of-3-during-the-forecast-period-
2018--2027-300805707.html
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Table of Content

• More from Industrial Automation Equipment
  Market Insights Intelligence
• Industrial Robotics Market
• Variable Frequency Drive (VFD) Market
• Large Industrial Displays
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