The smart shade devices market share is expected to increase by USD 222.77 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 57.46%.
This smart shade devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by technology (Wi-Fi, Bluetooth, and BLE, and others), end-user (residential and commercial), distribution channel (retail and others), and geography (North America, Europe, APAC, South America, and MEA). The smart shade devices market report also offers information on several market vendors, including Coulisse BV, Crestron Electronics Inc., Hunter Douglas NV, Loxone Electronics GmBH, Pella Corp., Skyco Shading Systems Inc., Somfy SA, Springs Window Fashions LLC, The Denver Shade Co., and Vertilux Corp. Pty Ltd. among others.
What will the Smart Shade Devices Market Size be During the Forecast Period?
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Smart Shade Devices Market: Key Drivers and Trends
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for efficient energy solutions is notably driving the smart shade devices market growth, although factors such as compatibility concerns with smart hub platforms may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart shade devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Smart Shade Devices Market Driver
One of the key factors driving growth in the smart shade devices market is the growing demand for efficient energy solutions. The adoption of appliances such as TVs, refrigerators, security cameras, dishwashers, and microwave ovens is high in Western European countries such as the UK, France, and Germany. These appliances consume large amounts of energy to function efficiently. Owing to the rising cost of energy, consumers look for efficient energy solutions such as smart homes. A smart home uses efficient technologies such as programmable thermostats, occupation detectors, and motion sensors, solar-powered products, and zone-based thermostats to conserve energy and improve efficiency. In line with this, owing to their energy efficiency, the demand for smart shade devices is increasing. These shades help block heat in summers and let in more light during winter by adjusting the blinds. In addition, these blinds can be set to a time schedule, making them more user-friendly and energy-efficient.
Key Smart Shade Devices Market Challenge
The compatibility concerns with smart hub platforms will be a major challenge for the smart shade devices market vendors during the forecast period. Smart shade devices use wireless technologies such as Wi-Fi and BLE for communication. The different versions of these technologies depend on the platforms they require, such as smartphones or tablets, and these, in turn, work according to their different operating systems, which include Android, iOS, Windows, and Blackberry. In certain cases, a communication bridge system is required to map between a smart shade device and the smart home system. It is difficult for vendors to make smart shade devices compatible with all smart hub platforms such as SAMSUNG SmartThings, Apple HomeKit, Google Home, and others. As consumers might not buy smart shade devices that are not compatible with their smart hub platforms, compatibility remains a major concern for the vendors operating in the global smart shade devices market.
This smart shade devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Smart Shade Devices Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Coulisse BV
- Crestron Electronics Inc.
- Hunter Douglas NV
- Loxone Electronics GmBH
- Pella Corp.
- Skyco Shading Systems Inc.
- Somfy SA
- Springs Window Fashions LLC
- The Denver Shade Co.
- Vertilux Corp. Pty Ltd.
This statistical study of the smart shade devices market encompasses successful business strategies deployed by the key vendors. The smart shade devices market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The smart shade devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Smart Shade Devices Market?
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32% of the market’s growth will originate from Europe during the forecast period. UK and Germany are the key markets for smart shade devices in Europe. Market growth in this region will be slower than the growth of the market in APAC, South American, and MEA regions.
The increasing number of high-net-worth individuals (HNWIs) will facilitate the smart shade devices market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Technology Segments in the Smart Shade Devices Market?
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The smart shade devices market share growth by the Wi-Fi segment will be significant during the forecast period. Manufacturers such as Hunter Douglas and Pella offer smart shade devices that are Wi-Fi enabled and compatible for control through mobile apps. Wi-Fi is already fairly ubiquitous, and therefore, a broad range of technology manufacturers offer smart home devices, including smart shades, that are compatible with it.
This report provides an accurate prediction of the contribution of all the segments to the growth of the smart shade devices market size and actionable market insights on post COVID-19 impact on each segment.
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Smart Shade Devices Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 57.46% |
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Market growth 2021-2025 |
$ 222.77 million |
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Market structure |
Fragmented |
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YoY growth (%) |
25.44 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
Europe at 32% |
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Key consumer countries |
US, UK, Germany, China, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Coulisse BV, Crestron Electronics Inc., Hunter Douglas NV, Loxone Electronics GmBH, Pella Corp., Skyco Shading Systems Inc., Somfy SA, Springs Window Fashions LLC, The Denver Shade Co., and Vertilux Corp. Pty Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Smart Shade Devices Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive smart shade devices market growth during the next five years
- Precise estimation of the smart shade devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the smart shade devices industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart shade devices market vendors
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