Solar Blinds: Introduction
- Solar blind is a type of window covering. Solar blinds are made up of woven sheer materials that are used to block out solar rays and absorb heat while allowing a view of the outdoors to be maintained. Solar blinds provide ultraviolet protection to protect furniture, flooring, and interior decor from fading. They also minimize heat transmission from outdoors and lower electricity consumption.
Key Drivers and Restraints of Solar Blinds Market
- Energy consumption has been increased significantly across the world since 1950. Rise in energy consumption can be ascribed to economic development, population growth, and technological developments. Increase in energy consumption is driving the focus of public and private players on the adoption of energy-efficient technologies such as solar blinds, as these technologies help minimize the primary energy consumption and lower electricity bills. This is expected to boost the global solar blinds market during the forecast period.
- Technological innovations in solar blinds with respect to design specifications are anticipated to augment the adoption of solar blinds during the forecast period
COVID-19 Impact Analysis
- Since the World Health Organization (WHO), announced the COVID 19 outbreak as a pandemic, many countries have declared a complete national lockdown. This has restricted the movement of goods & individuals.
- In several industries such as manufacturing and construction, workers and technical engineers need to work on-site either to perform activities or to monitor the work. Restrictions put in place by governments hamper construction activities and other business activities.
- Slowdown in construction activities is also anticipated to adversely impact the solar blinds market, as the installation of doors and windows is directly linked with the development of the building & construction industry
Residential Segment Expected to Hold Prominent Share of Global Market
- The global solar blinds market can be segmented based on application, operation, installation, and region
- Based on operation, the global solar blinds market can be segregated into manual and automated. The manual segment dominated the solar blinds market in 2019.
- Based on installation, the global solar blinds market can be bifurcated into interior and exterior . Demand for exterior blinds is anticipated to be high, as these blinds block sunlight before it enters the building. Furthermore, exterior blinds have greater capacity to reduce room temperature.
- Based on application, the global solar blinds market can be classified into residential and commercial. The residential segment held major share of the global solar blinds market in 2019. Rise in investment in construction of single and multi-units is also anticipated to propel the residential application segment of the global solar blinds market during the forecast period.
Asia Pacific Expected to Constitute Major Share of Global Solar Blind Market
- In terms of region, the global solar blinds market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
- Asia Pacific is projected to dominate the global solar blinds market during the forecast period. This can be ascribed to the increase in investment in construction of residential and commercial establishments. Rise in numbers of residential and commercial establishments can be ascribed to the strong economic growth, rapid urbanization, and population migration from rural to urban areas.
- The solar blinds market in Europe is expected to expand at a significant pace during the forecast period due to increase in demand for window coverings in establishments to protect furniture and interior decor from fading
- North America is also projected to hold vital share of the global solar blinds market during the forecast period. Ongoing investment in research & development sector for designing of solar blinds to optimize its efficiency is expected to boost the demand for solar blinds across the region.
Key Players Operating in Global Market
Leading companies operating in the global solar blinds market include:
- Somfy Systems Inc
- Saur Energy
- Krumpers Solar Blinds
- Saule Technologies
Global Solar Blinds Market: Research Scope
Global Solar Blinds Market, by Installation
Global Solar Blinds Market, by Installation
Global Solar Blinds Market, by Application
Global Capacitor Bank Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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