In order to address sustained uncertainty during the COVID-19 era, consumer goods manufacturers are improving their demand sensing capabilities by enabling enterprise-wide collaborations across supply chains, sales, and marketing. Companies in the Nordic solar shades market are focusing on consumer insights and potential coronavirus scenarios to better predict and mobilize against changes in consumption and product demand.
Manufacturers in the Nordic solar shades market are adopting data driven decisions to invest across supply chains. Consumer idea about essential and non-essential products is shaping the way manufacturers promote their products. As such, there is a demand for sustainable products such as solar shades that promote health and safety of individuals.
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Both roller and solar shades are growing in popularity for styling windows. However, pros and cons of these two products are translating into incremental opportunities for companies in the Nordic solar shades market. For instance, solar shades are made of open weave materials designed to filter and manage solar heat glare, rain, and harmful UV (Ultraviolet) rays. However, solar shades are not preferred by many individuals, owing to privacy concerns. As such, this attribute is also an advantage, since individuals can maintain an outside view while remaining cool and comfortable indoors. Thus, roller shades are emerging as an alternative to the issue of privacy pertaining to solar shades, thus intensifying sales competition.
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Cordless and motorized lift options in solar shades are boosting product uptake. Manufacturers in the Nordic solar shades market are increasing their R&D capabilities to incorporate rechargeable motors in products that can be operated using mobile apps, remote controls, and even voice command. This has led to the concept of smart shades, as the smart home technology has become a fast growing phenomenon in the space of interior designing.
Home automation with respect to lights, entertainment systems, and now solar shades is creating revenue opportunities for manufacturers in the Nordic solar shades market. As such, the Nordic solar shades market is estimated to reach a valuation of US$ 1.7 Bn by the end of 2030.
New trends in interior designing are giving way to solar shades that are now emerging as an alternative to mini metal blinds. Manufacturers in the Nordic solar shades market are experimenting with different fabrics, colors, and designs in products increasing aesthetic appeal. It has been found that solar shades play a key role in uplifting the warmth and softness of the existing home décor. Soft fabrics in solar shares are being highly preferred by customers in Nordic countries as compared to the sharp edges of metal blinds.
Companies in the Nordic solar shades market are increasing the availability of products made of pastel and neutral colors. In order to meet the specific needs of customers, manufacturers are increasing their production capabilities in products made of vibrant and dark colors.
In order to overcome the issues of privacy in solar shades, manufacturers in the Nordic solar shades market are gaining proficiency in woven wood shades. Companies are increasing accessibility to handcrafted woven wood shades to provide natural and warm appeal in home décor. Decorative edge banding and durable materials in woven shades are grabbing the attention of potential buyers in retail stores.
Companies in the Nordic solar shades market are making use of expert craftsmanship to gain a competitive edge over other manufacturers. As such, manufacturers are innovating in Roman shades that are made from premium quality fabrics and feature soft folds that enhance the volume and visual appeal of windows.
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Analysts’ Viewpoint
Innovations in product design and packaging are likely to revive market growth amidst the ongoing COVID-19 pandemic. Motorized solar shades are a breakthrough innovation in the space of window treatment, home décor, and interior designing. The Nordic solar shades market is slated to register a sluggish CAGR of ~3% during the forecast period, as many solar shades fail to offer privacy, owing to its see-through attributes. Thus, manufacturers should increase their production in woven wood shades that offer soft sheers for room darkening and privacy.
In addition, companies are addressing child and pet safety concerns by incorporating internal lift systems in solar shades.
Nordic Solar Shades: Overview
Increase in Adoption of Energy Efficient Technologies: Key Driver of Nordic Solar Shades Market
Growth in Application of Solar Shades in Residential Sector in Nordic
Nordic Solar Shades Market: Competition Landscape
Nordic Solar Shades Market: Strategic Partnerships
Nordic Solar Shades Market – Segmentation
TMR’s research study assesses the solar shades market in Nordic based on type, operation, product, application, and country. The report presents extensive market dynamics and progressive trends associated with different segments and how they are influencing growth prospects of the solar shades market in Nordic.
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1. Executive Summary
1.1. Market Outlook
1.2. Key Facts and Figures
1.3. Key Trends
2. Market Overview
2.1. Market Segmentation
2.2. Market Indicators
3. Market Dynamics
3.1. Drivers and Restraints Snapshot Analysis
3.1.1.1. Drivers
3.1.1.2. Restraints
3.1.1.3. Opportunities
3.2. Porter’s Five Forces Analysis
3.2.1. Threat of Substitutes
3.2.2. Bargaining Power of Buyers
3.2.3. Bargaining Power of Suppliers
3.2.4. Threat of New Entrants
3.2.5. Degree of Competition
3.3. Regulatory Scenario
3.4. Value Chain Analysis
4. COVID-19 Impact Analysis
5. Nordic Solar Shades Market Value (US$ Mn) Analysis, by Type
5.1. Key Findings and Introduction
5.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
5.2.1. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Blinds, 2019–2030
5.2.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Curtains, 2019–2030
5.2.3. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Shutters, 2019–2030
5.2.4. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Others, 2019–2030
5.3. Nordic Solar Shades Market Attractiveness Analysis, by Type
6. Nordic Solar Shades Market Value (US$ Mn) Analysis, by Operation
6.1. Key Findings and Introduction
6.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Operation, 2019–2030
6.2.1. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Manual, 2019–2030
6.2.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Automated, 2019–2030
6.3. Nordic Solar Shades Market Attractiveness Analysis, by Operation
7. Nordic Solar Shades Market Value (US$ Mn) Analysis, by Product
7.1. Key Findings and Introduction
7.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Product, 2019–2030
7.2.1. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Internal, 2019–2030
7.2.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by External, 2019–2030
7.3. Nordic Solar Shades Market Attractiveness Analysis, by Product
8. Nordic Solar Shades Market Value (US$ Mn) Analysis, by Application
8.1. Key Findings and Introduction
8.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
8.2.1. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Residential, 2019–2030
8.2.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Commercial, 2019–2030
8.2.3. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Industrial, 2019–2030
8.3. Nordic Solar Shades Market Attractiveness Analysis, by Application
9. Nordic Solar Shades Market Analysis, by Country
9.1. Key Findings
9.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Country
9.2.1. Denmark
9.2.2. Norway
9.2.3. Sweden
9.2.4. Iceland
9.2.5. Rest of Countries
9.3. Nordic Solar Shades Market Attractiveness Analysis, by Country
10. Nordic Solar Shades Market Overview
10.1. Key Findings
10.2. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
10.3. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Operation, 2019–2030
10.4. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Product, 2019–2030
10.5. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
10.6. Nordic Solar Shades Market Value (US$ Mn) Forecast, by Country
10.6.1. Denmark Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
10.6.2. Denmark Solar Shades Market Value (US$ Mn) Forecast, by Operation, 2019–2030
10.6.3. Denmark Solar Shades Market Value (US$ Mn) Forecast, by Product, 2019–2030
10.6.4. Denmark Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
10.6.5. Norway Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
10.6.6. Norway Solar Shades Market Value (US$ Mn) Forecast, by Operation, 2019–2030
10.6.7. Norway Solar Shades Market Value (US$ Mn) Forecast, by Product, 2019–2030
10.6.8. Norway Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
10.6.9. Sweden Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
10.6.10. Sweden Solar Shades Market Value (US$ Mn) Forecast, by Operation, 2019–2030
10.6.11. Sweden Solar Shades Market Value (US$ Mn) Forecast, by Product, 2019–2030
10.6.12. Sweden Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
10.6.13. Iceland Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
10.6.14. Iceland Solar Shades Market Value (US$ Mn) Forecast, by Operation, 2019–2030
10.6.15. Iceland Solar Shades Market Value (US$ Mn) Forecast, by Product, 2019–2030
10.6.16. Iceland Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
10.6.17. Rest of the Countries Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
10.6.18. Rest of the Countries Solar Shades Market Value (US$ Mn) Forecast, by Operation, 2019–2030
10.6.19. Rest of the Countries Solar Shades Market Value (US$ Mn) Forecast, by Product, 2019–2030
10.6.20. Rest of the Countries Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
10.7. Nordic Solar Shades Market Attractiveness Analysis, by Type
10.8. Nordic Solar Shades Market Attractiveness Analysis, by Operation
10.9. Nordic Solar Shades Market Attractiveness Analysis, by Product
10.10. Nordic Solar Shades Market Attractiveness Analysis, by Application
10.11. Nordic Solar Shades Market Attractiveness Analysis, by Country
11. Competition Landscape
11.1. Competition Matrix
11.2. Nordic Solar Shades Market Share Analysis, by Company (2019)
11.3. Market Footprint Analysis
11.4. Company Profiles
11.4.1. Somfy
11.4.1.1. Company Details
11.4.1.2. Company Description
11.4.1.3. Business Overview
11.4.1.4. Financial Details
11.4.1.5. Strategic Overview
11.4.2. ROYAL SOLSKJERMING AS
11.4.2.1. Company Details
11.4.2.2. Company Description
11.4.2.3. Business Overview
11.4.2.4. Strategic Overview
11.4.3. Wallners Persienn & Markis
11.4.3.1. Company Details
11.4.3.2. Company Description
11.4.3.3. Business Overview
11.4.3.4. Strategic Overview
11.4.4. ANWIS Sp. z o.o.
11.4.4.1. Company Details
11.4.4.2. Company Description
11.4.4.3. Business Overview
11.4.4.4. Strategic Overview
11.4.5. Bodø Markise & Persiennefabrikk AS
11.4.5.1. Company Details
11.4.5.2. Company Description
11.4.5.3. Business Overview
11.4.5.4. Strategic Overview
11.4.6. Glasscon GmbH
11.4.6.1. Company Details
11.4.6.2. Company Description
11.4.6.3. Business Overview
11.4.6.4. Strategic Overview
11.4.7. Duco Ventilation & Sun Control
11.4.7.1. Company Details
11.4.7.2. Company Description
11.4.7.3. Business Overview
11.4.7.4. Strategic Overview
11.4.8. Kawneer
11.4.8.1. Company Details
11.4.8.2. Company Description
11.4.8.3. Business Overview
11.4.8.4. Strategic Overview
11.4.9. Hunter Douglas
11.4.9.1. Company Details
11.4.9.2. Company Description
11.4.9.3. Business Overview
11.4.9.4. Financial Details
11.4.9.5. Strategic Overview
11.4.10. WAREMA Renkhoff SE
11.4.10.1. Company Details
11.4.10.2. Company Description
11.4.10.3. Business Overview
11.4.10.4. Strategic Overview
12. Primary Research – Key Insights
13. Appendix
13.1. Research Methodology and Assumptions
List of Tables
Table 01: Nordic Solar Shades Market Value (US$ Mn) Forecast, by Country, 2019–2030
Table 02: Nordic Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
Table 03: Nordic Power Distribution Component Market Value (US$ Mn) Forecast, by Operation, 2019–2030
Table 04: Nordic Power Distribution Component Market Value (US$ Mn) Forecast, by Product, 2019–2030
Table 05: Nordic Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 06: Denmark Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
Table 07: Denmark Power Distribution Component Market Value (US$ Mn) Forecast, by Operation, 2019–2030
Table 08: Denmark Power Distribution Component Market Value (US$ Mn) Forecast, by Product, 2019–2030
Table 09: Denmark Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 10: Norway Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
Table 11: Norway Power Distribution Component Market Value (US$ Mn) Forecast, by Operation, 2019–2030
Table 12: Norway Power Distribution Component Market Value (US$ Mn) Forecast, by Product, 2019–2030
Table 13: Norway Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 14: Sweden Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
Table 15: Sweden Power Distribution Component Market Value (US$ Mn) Forecast, by Operation, 2019–2030
Table 16: Sweden Power Distribution Component Market Value (US$ Mn) Forecast, by Product, 2019–2030
Table 17: Sweden Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 18: Iceland Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
Table 19: Iceland Power Distribution Component Market Value (US$ Mn) Forecast, by Operation, 2019–2030
Table 20: Iceland Power Distribution Component Market Value (US$ Mn) Forecast, by Product, 2019–2030
Table 21: Iceland Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
Table 22: Rest of Countries Solar Shades Market Value (US$ Mn) Forecast, by Type, 2019–2030
Table 23: Rest of Countries Power Distribution Component Market Value (US$ Mn) Forecast, by Operation, 2019–2030
Table 24: Rest of Countries Power Distribution Component Market Value (US$ Mn) Forecast, by Product, 2019–2030
Table 25: Rest of Countries Solar Shades Market Value (US$ Mn) Forecast, by Application, 2019–2030
List of Figures
Figure 01: Nordic Solar Shades Market Value (US$ Mn), 2019–2030
Figure 02: Nordic Solar Shades Market Value Share Analysis, by Country, 2019, 2025, and 2030
Figure 03: Nordic Solar Shades Market Attractiveness Analysis, by Country
Figure 04: Nordic Solar Shades Market Value Share Analysis, by Type, 2019, 2025, and 2030
Figure 05: Nordic Solar Shades Market Attractiveness Analysis, by Type
Figure 06: Nordic Solar Shades Market Value Share Analysis, by Operation, 2019, 2025, and 2030
Figure 07: Nordic Solar Shades Market Attractiveness Analysis, by Operation
Figure 08: Nordic Solar Shades Market Value Share Analysis, by Product, 2019, 2025, and 2030
Figure 09: Nordic Solar Shades Market Attractiveness Analysis, by Product