The global aluminum solar shading systems market is anticipated to grow at a significant CAGR of 6.1% during the forecast period (2022-2028). The global aluminum solar shading systems market is growing due to the rise in residential construction activities. The increasing need for solar shading systems in commercial and residential buildings construction activities for their increasing feature, such as availability in attractive shapes, and aesthetic look of the building is also driving the growth of the global aluminum solar shading systems market. The rising focus on sustainability and renewables source of electricity is boosting the market growth. Additionally, the rising cost of electricity by the electrical supplier is boosting the customers to shift towards solar shading systems and is further boosting the market growth. The rising technological advancement in aluminum solar shading, such as motorized solar shading systems and sensor-based solar shading systems is further anticipated to boost the growth of the solar shading systems market.
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The North American region is anticipated to hold the major share in the global aluminum solar shading systems market. This is due to the increasing demand for solar heating systems from the commercial and residential buildings in this region. The increasing investment by major market players for the advancement and development of high-end solar shading systems is further boosting the growth of the North American aluminum solar shading systems market.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance, in November 2020, SAPA announced their partnership with Hunter Douglas for the development of an innovative and unique screen window solution where the solar shading system is mounted hidden in the frame top with a newly developed aluminum profile.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape – Duco Ventilation & Sun Control, Hunter Douglas, Kawneer, Glasscon GmbH, Innovative Openings, Inc., Lutron Electronics Co., Inc., Skyco Shading Systems, Inc., and Springs Window Fashions, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Aluminum Solar Shading Systems Market Report by Segment
By Type
- Fabric Solar Shading Systems
- Aluminium Solar Shading Systems
By Application
- Public Building Shade Systems
- Residential Building Shade Facilities
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