December 5, 2023

Solar Shading Systems Market Trends: A Look at the Rising Urbanization Impact

The global solar shading systems market is poised for significant growth, driven by the relentless rise of urbanization and the emergence of smart cities. As per the United Nations, the global urban population is expected to reach 68% by the year 2050, signaling a massive shift towards urban living. This trend has fueled the demand for solar shading systems, as smart homes and commercial buildings seek innovative ways to regulate indoor environments and harness clean solar energy through photovoltaic (PV) systems.

Efficiency-Boosting Research to Drive Market Growth

Researchers worldwide are diligently working to enhance the efficiency of solar shading systems. These efforts aim to improve energy efficiency in buildings, addressing the pressing need to reduce energy consumption and carbon footprints. For example, Princeton University researchers have developed an advanced solar shading system that can reduce energy usage by a remarkable 50%. These systems, inspired by nature’s mechanisms, adjust building facades to changing sunlight throughout the day, ensuring comfort for occupants while saving operational energy costs.

Automated Systems Offer Energy Savings and Environmental Benefits

Automated solar shading systems have emerged as a key element in energy conservation. These intelligent systems respond dynamically to real-time data from sensors monitoring wind, sunlight, and temperatures. By optimizing daylight quantity and solar gains inside buildings, automated systems efficiently manage air conditioning and heating, reducing energy consumption and carbon emissions. These benefits are expected to further boost the solar shading systems market.

Innovations in Design Drive Sales Growth

Manufacturers are continuously innovating to offer solar shading systems with enhanced functionalities. Advancements in design, such as slimmer profiles and improved aesthetics, are gaining traction. For example, Lutron Electronics introduced the Lutron Roller 64, featuring extended widths and efficient space management. Danish manufacturer MicroShade A/S launched the MicroShade Film, a product that blocks sun energy while allowing natural daylight into buildings, all with a hardly noticeable 0.2 mm thickness. These innovations are expected to drive market growth by providing advanced solutions to customers.

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North America: A Hotbed for Solar Shading Systems

The North American market offers substantial growth opportunities, driven by increased investments in home remodeling and renovation. With over $400 billion spent on residential remodeling and renovation annually in the United States, consumers are increasingly adopting energy-efficient products like solar shading systems to create healthier and more sustainable homes.

Key Players in the Market

Leading players in the solar shading systems market include Glasscon GmbH, Alumet, Linak, Solar Shading Systems Inc., Draper Inc., Thermosash, and SWFcontract.

As the world embraces urban living and sustainable building practices, the solar shading systems market is well-positioned for continued growth. With ongoing research, automation, design innovations, and a focus on energy efficiency, manufacturers are ready to meet the evolving demands of smart cities and environmentally conscious consumers.

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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This press release first seen on Brilad