Smart Shade Devices Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Published: Nov 2021 Pages: 120 SKU: IRTNTR40462

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.

 

Smart Shade Devices Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 57.46%

Market growth 2021-2025

$ 222.77 million

Market structure

Fragmented

YoY growth (%)

25.44

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

Europe at 32%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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.

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

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.

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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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Wi-Fi - Market size and forecast 2020-2025
    • Bluetooth and BLE - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Residential - Market size and forecast 2020-2025
    • Commercial - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Retail - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      INFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      DATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      REPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape

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      Key Questions Answered

      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?

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      • Parent market analysis
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis