Market Overview

Global Smart Shade Devices Market 2018-2022 to Post a CAGR of 87% Over the Next Five Years | Technavio

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The global smart shade devices market is expected to post a CAGR of more
than 87% during the period 2018-2022, according to the latest market
research report by Technavio.

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Technavio has published a new market research report on the global smart shade devices market from 2 ...

Technavio has published a new market research report on the global smart shade devices market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is growing demand for
efficient energy solutions. The adoption of appliances such as TVs,
refrigerators, security cameras, dishwashers, and microwave ovens is
high. These appliances consume large amounts of energy to function
efficiently. Owing to the rising cost of energy, consumers are on the
lookout for efficient energy solutions such as smart homes. A smart home
uses efficient technologies such as programmable thermostats, occupation
detectors and motion sensors, solar-powered products, and zone-based
thermostats to conserve energy and improve efficiency. In line with
this, owing to their energy-efficiency, the demand for smart shade
devices is increasing. Most importantly, these products are solar
powered with built-in lithium batteries, and hence cost-effective in
terms of saving money as well as driving the growth of the market over
the next few years.

This market research report on the global
smart shade devices market 2018-2022
also provides an analysis
of the most important trends expected to impact the market outlook
during the forecast period. Technavio classifies an emerging trend as a
major factor that has the potential to significantly impact the market
and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the emergence of IoT and artificial
intelligence-based smart shade devices as one of the key emerging trends
in the global smart shade devices market:

Global smart shade market: emergence of IoT and
artificial intelligence-based smart shade devices

Mobile devices such as smartphones, tablets, and other consumers
electronics are increasingly being used for remote monitoring. IoT will
continue to become a more common place, as it provides many advantages
to businesses and individuals alike. Moreover, IoT helps transfer
people's personal preferences to electronic devices, thus reducing human
effort in manually controlling devices and appliances. Improved internet
connectivity, high penetration of smartphones, and rising awareness of
home automation and smart home concept in developed countries is driving
the demand for smart shade devices.

"Increasing need for convenience is leading to increased demand for
home automation systems. Rise in the number of foodservice restaurants
in developing countries and growing online sales of smart shade devices
are some of the major factors that are expected to drive the growth of
the smart shade devices market towards a positive outlook over the next
five years,"
says a senior analyst at Technavio for research on
retail goods and services.

Global smart shade market: Segmentation analysis

This market research report segments the global smart shade market by
end-user (residential and commercial), by technology (Wi-Fi, Bluetooth,
and BLE) and geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share close to 50%,
followed by EMEA, and APAC respectively. However, during the forecast
period, the APAC region is expected to show the highest incremental
growth rate, while the other two regions are expected to see a small
decline in their market shares.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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