The solar shading systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Solar Shading Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The solar shading systems market size has grown steadily in recent years. It will grow from $15.14 billion in 2023 to $15.79 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to government incentives, energy efficiency awareness, architectural trends, environmental concerns, cost reduction.
The solar shading systems market size is expected to see steady growth in the next few years. It will grow to $18.82 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to advancements in smart technology, stringent environmental regulations, rising energy costs, urbanization and sustainable infrastructure, innovation in materials. Major trends in the forecast period include increased emphasis on aesthetics, automation and iot connectivity, energy efficiency certification standards, growing demand for zero-energy buildings, technological innovations.
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Scope Of Solar Shading Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Solar Shading Systems Market Overview
Market Drivers –
The resurgent growth in the construction and infrastructure development activities is expected to propel the solar shading systems market. The construction and infrastructure development activities are growing due to the increase in population, rise in urbanization, economic and social development, need for increased productivity, technological advancements, and others. This growth in the construction and infrastructure development activities will create demand for building systems and equipment including solar shading systems which are an integral part of building to control the heat and light emitted from the sun inside the buildings. For instance, according to the Infrastructure Report by Fitch Solutions, a US-based financial services company, China is the largest construction market globally and is expected to grow at a rate of 8.6% between 2022 and 2030. In addition, India is expected to be the third largest construction market globally by 2022 and needs investment worth $777.73 billion across infrastructure by 2022 for sustainable development. Therefore, resurgent growth in the construction and infrastructure development activities is driving the demand for the solar shading systems market.
Market Trends –
Technological innovation is a key trend gaining popularity in the solar shading systems market. Key companies are focusing on innovations to provide better comfort to users and gain a competitive edge in the market. For instance, in February 2021, MicroShade A/S, a Denmark-based manufacturer of solar shading systems introduced an innovative and breakthrough product named MicroShade Film. It is a passive micro-structured transparent film that stops all the light from the sun and enables natural daylight inside the building. It is installed inside a glazing unit and has no limitations in size or shape. It is efficient as well as cost-effective for the customers. It is made for both roofs and facades, mitigating the heat from the sun.
The solar shading systems market covered in this report is segmented –
1) By Product Type: Blinds, Shades, Louvers, Textiles
2) By Material: Metal, Glass, Wood, Other Materials
3) By Technology: Battery Powered, Manual, Smart Power Source
4) By Mechanism: Fixed, Manual, Motorized
5) By Application: Residential, Commercial, Industrial
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Regional Insights –
North America was the largest region in the solar shading systems market share in 2023. The regions covered in the solar shading systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the solar shading systems market report are Sanofi Pasteur SA, GlaxoSmithKline plc, Merck & Co. Inc., Pfizer Inc., Johnson & Johnson Private Limited, AstraZeneca plc, Takeda Pharmaceutical Company Limited, Sun Pharmaceutical Industries Ltd., Mallinckrodt Pharmaceuticals, Emergent Biosolutions Inc., PT Bio Farma, Bharat Biotech International Limited, Teva Pharmaceutical Industries Ltd., Novartis AG, Mylan NV, Serum Institute of India Pvt. Ltd., Biological E. Limited, Panacea Biotec Ltd., Shantha Biotechnics Pvt. Ltd., Cadila Healthcare Ltd., Merck Sharp & Dohme Corp., AstraZeneca Limited, Boryung Pharmaceutical Co., Bio-Med Pvt. Ltd., LG Chem is a South Korean chemical company, SK Chemicals Co. Ltd., Crucell Switzerland AG, Hualan Biological Engineering Inc., Indian Immunologicals Limited
Table of Contents
1. Executive Summary
2. Solar Shading Systems Market Report Structure
3. Solar Shading Systems Market Trends And Strategies
4. Solar Shading Systems Market – Macro Economic Scenario
5. Solar Shading Systems Market Size And Growth
…..
27. Solar Shading Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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