Smart Shade Devices Market Size, Share, Growth, And Industry Analysis By Type (BLE, WI-FI, ZIGBEE, and Z-WAVE) By Application (Commercial and Residential) and Regional Forecast to 2027

Updated On: 22 April 2024

smart shade devices market Report Overview

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The global smart shade devices market size was USD 16.74 million in 2021. As per our research, the market is expected to reach USD 66.63 million by 2027, exhibiting a CAGR of 25.89% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the smart shade devices market growth and demand returning to pre-pandemic levels once the pandemic is over.

Smart shade devices have completely transformed how we operate and manage our window coverings. These cutting-edge technical products combine convenience, energy efficiency, and style. As the market for these products is increasing, many different types of smart shade devices are available to meet every requirement and choice.

The motorized shade is one form of common smart shade gadget. With the help of this gadget, users may operate their shades with simply a button press or voice instructions. It provides the utmost convenience, particularly for difficult-to-reach windows or people with limited mobility. By enabling homeowners to program their shades to be open and close at certain times, providing the appearance that someone is home even when they are not, motorized shades also give an extra layer of security. The solar-powered shade is another kind of intelligent shade technology. These blinds are not only affordable but also environmentally friendly. They don't need batteries or electrical wiring because they run entirely on solar energy.

COVID-19 Impact: Lockdown and Social Distancing Measures Accelerated The Market Growth

As have other businesses, the market for smart shading devices has surely been significantly impacted by the COVID-19 outbreak. Despite all the difficulties, this circumstance does have an amazing bright spot. People are becoming more aware of the value of establishing a cozy and practical living space as they spend more time at home. The demand for smart shade devices, which provide automatic control over blinds and drapes, has increased due to this realization. These gadgets enable homeowners to easily control the quantity of natural light entering their areas, improving comfort and energy efficiency.

Latest Trends

"Integration With Smart Home Systems Boosts Market Expansion"

The COVID-19 pandemic has significantly impacted this market. Nevertheless, there is cause for optimism about the future despite the difficulties. The newest trend is the requirement for dependable and precise integration with smart home systems. Today, these cutting-edge gadgets can be managed with smartphone apps or even voice commands through home assistants like Alexa or Google Home. Consider yourself curled up on the couch while your TV is being glared at by the sun. Utter the command, and your smart shades will adjust without you having to move! These technologies are revolutionizing our living spaces with their convenience and functionality.

smart shade devices market Segmentation

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• By Type Analysis

The smart shade devices market can be segmented into BLE, WI-FI, ZIGBEE, and Z-WAVE. Among these, the BLE is projected to experience rapid growth through 2028.

• By Application Analysis

The market can be divided based on application into commercial and residential. The commercial is expected to hold the most significant smart shade devices market share in the upcoming years.

Driving Factors

"Growing Demand For Energy-Efficient Solutions Propels Market Expansion"

The increasing demand for energy-efficient solutions is one of the main reasons propelling the market for smart shade devices. Consumers seek solutions to lower their energy consumption due to increased electricity costs and a greater focus on sustainability. By automatically changing the shades to maximize natural lighting and minimize the need for artificial lighting, smart shade systems offer a great alternative. This not only aids in lowering energy costs but also lessens household carbon footprints.

"Increasing Adoption Of Home Automation Systems Fuels Market Growth"

The growing use of home automation systems is another element fueling the market for smart shade devices. People are searching for methods to incorporate their shades into their overall automation setup as smart homes become more common. Smart shade gadgets are simple to integrate with home automation systems, enabling consumers to operate their shades using voice commands or mobile applications. Tech-savvy consumers who wish to simplify their everyday routines find this degree of ease and control quite enticing.

Restraining Factors

"High Cost And The Lack Of Awareness Hinder Market Growth"

The market for smart shading devices is exploding with cutting-edge innovations. However, some restraints are stifling its expansion. The high cost of these products is one of the main issues this market has to deal with. The great features and advantages of smart shade devices are outweighed by their high cost, which prevents many people from purchasing them. The lack of customer knowledge of the advantages of smart shade devices is another reason for slowing down the market. How these technologies can improve comfort and energy efficiency is yet largely unknown. The difficulty of installing these devices and compatibility problems with current home automation systems are additional obstacles to the widespread use of smart shade technology.

smart shade devices market Regional Insights

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"North America to Dominate Market Due To The Growing Demand For Energy-Efficient Solutions "

North America holds the maximum smart shade devices market share, and the factors driving the market growth in this region include the growing demand for energy-efficient solutions. The surge in demand for energy-efficient solutions fuels the smart shade market. With higher electricity costs and a focus on sustainability, consumers aim to lower energy usage. Smart shades, by automatically optimizing natural light and reducing reliance on artificial lighting, not only decrease energy costs but also shrink household carbon footprints.

European and Asian countries hold the second-largest market share, and the increasing adoption of home automation systems fuels market expansion. The rise of home automation systems drives the smart shade market. As smart homes become mainstream, individuals seek to integrate shades into their automation setup. Smart shade devices seamlessly merge with home automation, allowing users to control them through voice commands or mobile apps. This convenience appeals to tech-savvy consumers looking to streamline their daily routines.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• SWFcontract (U.S.)
• Lutron Electronics Inc. (U.S.)
• MechoSystems (U.S.)
• Somfy (France)
• Graber (U.S.)
• Crestron Electronics (U.S.)
• Qmotion Shades (U.K.)
• Springs Window Fashions (U.S.)
• Bali (Indonesia)
• Hunter Douglas (Netherlands)
• Pella (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.