Published on : Feb 08, 2017
ALBANY, New York, Feb 08, 2017: The report offers a complete overview, providing information related to the key factors that are predicted to impact the development of the market throughout the forecast period. The emergence of exchange programs by leading players to upsell new product offerings is anticipated to contribute extensively towards the growth of the global smart shade devices market in the next few years. As per the research study, this market is predicted to register an exponential 90.0% CAGR between 2017 and 2021.
The growing demand for smart homes and a significant rise in the acceptance of motorized shades are some of the main factors that are estimated to fuel the growth of the global smart shade devices market in the next few years. In addition, the tremendously rising demand for home security and energy savings is likely to accelerate the growth of the overall market in the near future. On the contrary, issues related to the compatibility with smart hub platforms and the rising use of smart glass windows are projected to curb the growth of the market.
On the basis of technology, the global market for smart shade devices has been categorized into Wi-Fi and BLE. Among these two, the Wi-Fi segment is anticipated to lead the global market in the next few years. The high range of compatibility and ease of accessibility are some of the factors propelling the Wi-Fi segment in the global market. Furthermore, on the basis of end use, the market has been divided into commercial and residential segments. As per the study, the residential segment is likely to observe robust growth throughout the forecast period.
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As per the research study, in 2016, North America led the global smart shade devices market and is estimated to remain in the leading position throughout the forecast period. The rising adoption of smart home devices, especially in window coverings, home security, and home appliances categories is predicted to encourage the growth of the North America smart shade market in the coming few years. Additionally, the increasing number of consumers in the U.S. is expected to accelerate the market’s growth in the near future.
At present, the global smart shade devices market is extremely competitive and fragmented in nature with the presence of a large number of market players. The growing focus of key players on technological advancements and new product development are projected to augment the growth of the overall market in the next few years. Some of the leading players operating in the smart shade devices market across the globe are Horizons, Pella, Bali, Springs Window Fashions, MechoSystems, Hunter Douglas, Graber, and SWF contract.
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