Global Smart Shade Devices Market is valued USD 3.21 million in 2016 is anticipated to grow USD 1030.9 million with the compounded annual growth of 89.90% over the forecast period 2018-2025.
New York 25 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Smart Shade Devices Market industry is poised to raise USD 1030.9 million by 2025. The market growth is primarily driven by the increasing demand for smart home devices and increasing adoption of motorized shades etc. Energy efficiency is a factor enhancing the market growth. With the smart control of the motorized window shades, it is easy to manage the temperature and decrease the amount of artificial light. Increasing residential and building construction activities is expected to drive the market growth. According to the U.S. Department of Housing and Urban Development and U.S. census bureau, the privately-owned housing units, started in March 2017 were seasonally adjusted at the yearly rate of 1,216,000 which accounted to be 17% more than the rate in March 2016, i.e. 1,077,000. The building unit authorization with 5 units or over was at a rate of 401,000 in March 2017. This increasing rate of residential construction is expected to escalate the smart shade installations as there is an increasing awareness among the U.S. consumers to employ window covering products which can be controlled automatically with the use of electronic remote control, equipped by smartphones and tablets or with wireless technology
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Global Smart Shade Devices Market Size study, by End User (Global Residential Market, Global Commercial Market), by Technology (Global BLE Market, Global WI-FI Market, Global ZIGBEE Market, Global Z Wave Market) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market APPEAL HOME SHADING, BTX INC, HUNTER DOUGLAS., LOXONE, LUTRON ELECTRONICS, INC, MECHO SYSTEMS, MISDAR SHADE CO LTD, PELLLA, Q-MOTION SHADES, SKYCO SHADING SYSTEMS and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Asia Pacific is the fastest growing region for smart shade devices as adoption of smart home devices across China, Australia and India is expected to propel the smart shade device market in this region.
- North America held major share of global smart shade devices market in2015. Increasing adoption of smart home devices, primarily in window coverings and home security are enhancing the smart shade devices market. U.S is one of the largest consumers for smart shades devices.
Bizwit Research & Consulting LLP has considered following segments for the study:
By End User:
- Global Commercial Market
- Global Residential Market
- Global BLE Market
- Global WIFI Market
- Global ZIGBEE Market
- Global Z-WAVE Market
- North America
- Asia Pacific
- Latin America
- Rest of the World