FABRIC SOLAR SHADING SYSTEMS MARKET REPORT OVERVIEW
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The global fabric solar shading systems market size was USD 1095.7 million in 2022 and the market is projected to touch USD 1744.1 million by 2031, exhibiting a CAGR of 5.3% during the forecast period.
Fabric solar shading systems are a cooling solution used to maintain the internal temperature of buildings. It prevents the penetration of sunlight into buildings, reduces excessive glare and protects against heating of commercial and residential areas. This reduces the need for air conditioning in the summer and reduces energy consumption. The installation of solar protection systems brings many benefits to the environment and the building as well as the total operating costs. Their strong architectural solutions and designs offer buildings a renewed and fresh look. They can be installed on windows, doors, facades and external surfaces of buildings.
The growth of the market is due to the increasing demand for solar awning systems that have indoor sun shades and outdoor solar systems. The background of the market and growth is the beautification of buildings and increased home renovation and modernization costs. Sunshade systems provide protection from the sun, expand living space and are promising options in smart city projects. Technological advancements in mechanisms and fabric materials are also expected to drive the growth of the global sun visors market during the forecast period. Increasing expenses for rebuilding and modernizing houses to protect against the burning sun, decorate buildings and increase living spaces; technological development of fabric material and mechanism; and the growing number of smart city projects around the world are fueling the growth of the global fabric solar shading systems market.
COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
Covid-19 has had a major impact on the solar shading solutions market. Due to the slowdown in global construction due to the pandemic, the demand for solar shading products has decreased. As a result, sales of sun protection systems manufacturers have decreased. With the closure of factories in China, where many of these products are manufactured, the COVID-19 pandemic has also affected the supply chain of sunscreen products. As a result, there is a shortage of sunscreen products in the market, which has driven up prices. From 2021 onwards, the industry is expected to recover from the effects of the pandemic as construction activity resumes internationally.
LATEST TRENDS
"Emerging Construction And Renovation Activities To Encourage Market Growth "
Rapid development in various fields leads to growth in construction. Growing residential construction is projected to meet the demand for building shade systems in the global market. In addition, the demand for aesthetic appearance is increasing in commercial and the demand for housing is growing rapidly. The availability of various styles, designs, colors and shapes is driving the fabric solar shading systems market growth. The changing needs of consumers and the growing demand for aesthetic appearance have increased the volume of construction and renovation work. Builders are adopting the concept of a smart home and offering shading systems as part of building a house. These factors are expected to support the growth of the market.
FABRIC SOLAR SHADING SYSTEMS MARKET SEGMENTATION
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- By Type
Based on type the market can be categorized into automatic control solar shading systems, manual solar shading systems.
By type, there were the most automatically controlled solar shading systems. To block direct sunlight, these systems use sensors that detect sunlight and automatically adjust the angle of blinds or curtains. Thanks to this, buildings do not overheat, which reduces energy consumption.
- By Application
Based on application the market can be categorized into residential building shade facilities, public building shade systems.
Fabric shading systems are used in residential buildings to reduce energy consumption and protect against the harmful effects of sunlight. These systems can be applied to windows, doors, terraces, balconies and gardens. They are available in different sizes and shades to meet different requirements.
DRIVING FACTORS
"Increasing Advantages of Protection Against The Burning Sun to Boost the Market"
Sun protection systems protect against the sun. Burning heat waves cannot penetrate solar shadow systems and reduce most of the solar heat. According to the study, external shading devices could reduce the cooling load of indoor air by 30%; sunshade systems therefore also ensure a cooling effect inside the building. This reduces the need for air conditioning in the summer, reduces energy consumption and lowers construction costs. A simulation study conducted in Milan showed that sunshades reduced summer energy consumption by 20%. In addition, the harmful UV rays of the sun cannot reach the inhabitants of the building; therefore, it reduces the chance of diseases caused by the UV rays of the sun, such as skin cancer, rashes and cataracts. Sunshade systems also increase living and working space in buildings, which boosts the market growth.
"Customization of Shading Systems To Propel Market Growth "
Sunlight shading systems help determines shades for each building based on climate and atmospheric temperature. Customers can use these control systems to regulate the amount of light and heat entering a room, ultimately reducing heating and cooling costs by usage less energy. The use of ecological materials in the development of these systems is an added feature that helps reduce the carbon footprint. During the forecast period, there is a need to reduce the carbon footprint in the sunlight management systems market. These factors this is expected to contribute to the growth of the market
RESTRAINING FACTOR
"High Installation Costs of Sunshade Systems to Hinder Market Growth"
The installation costs of solar protection systems are high. For example, the cost of installing a medium-sized motorized shading system in a residential project can range from $320 to $650 per window. In addition, the price of the parasol varies according to the material used in it. For example, sunshades with a heavy metal blade and sheath material cost more. This could slow market growth, especially in areas where customers prefer affordable options.
FABRIC SOLAR SHADING SYSTEMS MARKET REGIONAL INSIGHTS
"North America to Dominate the Market due to Leading Technology Standards "
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North America dominates the destination fabric solar shading systems market share in terms of major industry players. The sector is dominated by a higher level of trade and consumption. The region also has more modern facilities, good R&D potential and a leading technological standard. North America is expected to dominate the building shading systems market share based on leading technological standards and higher level of consumption and business.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovation and Market Expansion"
Sunshade systems are generally recognized as a significant performance enhancer as creative and efficient shading systems. Global warming is a major problem worldwide that has increased the demand for building solar shading systems from customers and business owners. In addition to maintenance services suitable for maintenance and repair, the main players operating in the sunshades market offer installation options in their product range. In collaboration with decentralized service providers, key players in the sunshade market are also focusing on the delivery of automated systems. The inclusion of airports, bridges, shopping malls and attractions include recycling areas for sunshades, which have promoted their adoption in recent years.
List of Market Players Profiled
- Lutron U.S.)
- Mecho (U.K.)
- Griesser (Switzerland)
- Warema (Germany)
- Draper (U.S.)
- Rainier Industries (U.S.)
- Colt International (U.K.)
- Skyco (Germany)
- Roll-A-Shade (Canada)
- Resstende (Italy)
- Guangdong Wintom (China)
- Insolroll (U.S.)
- Markisol AB (Sweden)
INDUSTRIAL DEVELOPMENT
February 2021: Coulis B.V. and Eve Systems teamed up to launch smart windows controlled by smartphones. These smart sunlight control systems used Home Kit and Thread integration.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1095.7 Million in 2022 |
Market Size Value By |
US$ 1744.1 Million by 2031 |
Growth Rate |
CAGR of 5.3% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the fabric solar shading systems market expected to touch by 2031?
The global fabric solar shading systems market is expected to reach USD 1744.1 million by 2031.
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What CAGR is the fabric solar shading systems market expected to exhibit by 2031?
The fabric solar shading systems market is expected to exhibit a CAGR of 5.3% by 2031.
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Which are the driving factors of the fabric solar shading systems market?
Increasing Advantages of protection against the burning sun and reduced energy consumption and customization of shading systems are some of the driving factors of the market.
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What are the key fabric solar shading systems market segments?
The key market segmentation that you should be aware of, which include, based on type the fabric solar shading systems market is classified as automatic control solar shading systems, manual solar shading systems. Based on application the fabric solar shading systems market is classified as residential building shade facilities, public building shade systems.