Nordic Solar Shades Market is valued at USD 1291.3 Million in 2021 and is expected to reach USD 1648.5 Million by 2028 with a CAGR of 3.1% over the forecast period.
Nordic Solar Shades Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- The increasing greenhouse gas emission, rising number new innovative products and growing disposable income are some of the major factors driving the growth of Nordic Solar Shades market.
Nordic Solar Shades is a meshed-style roller shade fabric that allows the light to filter. Its featuring an aluminum coating in back, this fabric reflects heat in winter and retain heat in summer. It offers traditional window covering which is ideal for all home areas and also have unlimited decorative options which is available in variety of colors to fit any office and home decor.
Covid-19 has affected uncertainty to sustain the market during this era, consumer good manufacturers are developing its demand by sensing capabilities by enabling enterprise-wide collaboration across supply chains, marketing and sales. THE AFFECT mainly due to the disturbance in international trade, difficulty in raw material availability and delayed and stopped production in this industry.
The Nordic Solar Shades market is segmented on the basis of type, operation, product, application and region and country level. On the basis of type, the Nordic solar shades market is classified as blinds, curtains, shutters and others. On the basis of operation. the market is classified as manual and automated. On the basis of product, the Nordic solar shades market is classified as internal and external. On the basis of product, the market is classified as residential, commercial and industrial. Based on countries, the Nordic solar shades market is divided into Denmark, Norway, Sweden, Iceland and rest of countries.
Nordic Solar Shades Market reports cover prominent players like Nordic are
Greenhouse gas (GHG) emission has been rapidly growing in Nordic countries due to direct ignition of fossil fuels. According to the Organization for Economic Co-operation and Development (OECD) stats, greenhouse gas emissions has rose in Norway from 47.50 million tons of CO2 equivalent in 1992 to 52.10 million tons of CO2 equivalent in 2019. The key sources for emission of greenhouse gas are electricity, transportation, industry, commercial/residential buildings, and agriculture. The construction sector is one of the major sources of greenhouse gas emission. Governments of countries in Nordic, Sweden and others have estimated several long-term energy and climate targets to encourage the combination of energy-efficient technologies in order to reduce greenhouse gas emissions in residential & commercial establishments. This increases the adoption of energy efficient technologies for reduction in carbon emission which anticipated to boost the demand for solar shades, as it lowers building peak heat gain and cooling requirements and provides the natural lighting quality of building interiors. For example; the solar shades are made from open weave materials and designed to filter and manage solar heat glare, rain, and harmful UV rays. According to Whole Building Design Guide, solar shades can able to reduce the annual cooling energy consumption by 5% to 15%.
In addition, increasing number of new innovative products is another factor supplementing the market growth. The companies are developing motorized solar shades which allows an individual to open or close the shades by switching a button or flipping a push. Motorized solar shades authorize the customers to attain greater control over the management of light and air which enters residential and commercial buildings. The customers can also operate through smartphone. This is also increasing the demand for solar shades. Additionally, the rising expenditure on home renovation, remodeling and retrofitting activities, expansion of living space and protection from sun, and requirement for decoration of the building are also fostering the market growth.
However, high cost for installation of solar shading is expected to restrain the market growth of market. Inspite of that, technological innovations such as motorized solar shading and sensor based solar shading and also development in its mechanism and developments in fabric material may provide new opportunities for the further growth of Nordic solar shades market.
Sweden is expected to dominate the Nordic solar shades market owing to the increase in investment in building and civil engineering works by public and private sector with positive development in residential and infrastructure sectors. Additionally, presence of key players is also expected to drive the market of solar shade in Sweden. And, increasing population due to migration from rural to urban areas, increases the investments in construction sectors. The population of Sweden is approximately 1.04 crores in 2020. The demand for solar shade is directly linked with the development in construction sector, as solar shades are used to optimize the amount of solar heat gain and visible light that enters a building.
The solar shades market in Norway is expected to expand considerably during the forecast period. The need to limit the entry of excessive sun light is expected to increases the demand for solar shades in the country. The Norway produced approximately 31.7 million metric tons of carbon dioxide emission in 2020. Additionally CO2 emissions in Norway peaked at 37.7 MtCO2 in 2004. The government of the country have formulated several strategies to promote the adoption of energy-efficient technology to reduce the greenhouse gas emission in commercial and residential establishments. The government is taking initiatives to reduce the GHG emission, for this the government introduced zero energy building and zero energy office building.
Middle East and Africa
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 1291.3 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 1648.5 Million|
|Tables, Charts & Figures:||175|
|Nordic Solar Shades Companies||Somfy, Royal Solskjerming AS, Wallners Persienn & Markis, ANWIS Sp. z o.o., Bodo Markise & Persiennefabrikk AS, Glasscon GmbH, Duco Ventilation & Sun Control, Kawneer, Hunter Douglas, Warema Renkhoff SE. and others.|
|Segments Covered||By Type, By Operation, By Application, By Product|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|