Smart Shade Devices Market to Grow by USD 222.77 Mn | Growing Demand for Efficient Energy Solutions to Drive Growth | Technavio

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Some of the primary growth drivers for this market are the growing demand for efficient energy solutions, the need for convenience leading to increased demand for home automation systems, and the growing number of smart cities and urbanization.

The smart shade devices market is expected to grow by USD 222.77 mn from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 57.46%. The market is expected to post a year-over-year growth rate of 25.44% in 2021.

Regional Analysis

32% of the growth will originate from Europe during the forecast period.

The UK and Germany are the key countries for the smart shade devices market in Europe.

Market growth in this region will be slower than the growth of the market in North America, APAC, South America, and MEA.

The increasing number of high-net-worth individuals (HNWIs) will drive the smart shade devices market growth in Europe during the forecast period.

For more information about the contribution of each region of the market, View Our Free Sample Report

Notes:

The smart shade devices market size is expected to accelerate at a CAGR of 57.46% during the forecast period.

The smart shade devices market is segmented 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 market is fragmented due to the presence of many vendors holding significant market share.

The report 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.

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