Smart Shades ZigBee / Z-Wave devices will allow the United States to secure a leading position in the market on a global scale: Report Fact.MR
The demand for smart shades is expected to grow fearlessly over the forecast period of 2020 to 2030, owing to the increasing aspiration values of consumers and the need for comfort and luxury lifestyle, on a global scale. .
The global smart shades market is poised to experience healthy expansion through 2021, with a growth rate of 16.5%, according to a recent report released by Fact.MR. Long-term projections look equally strong, with forecasts pointing to a stellar CAGR of 23% through 2031. Growing demand for smart homes and increasing demands for energy efficiency are expected to catapult the market onto a path as well. high.
According to the study, demand is highly dependent on the deepening penetration of devices compatible with ZigBee / Z-Wave technology. Recently, in September 2020, the Z-Wave Alliance announced its new Long Range (LR) specifications, extending the transmission range of Z-wave devices, including locks, garage doors, and smart blinds. The technology aims to increase scalability to over 2,000 nodes on a single smart home network.
Therefore, manufacturers introduce a wave of Z-wave compatible smart shading devices. Actors such as Somfy Systems were offering these products even before the aforementioned development, unveiling the Z-Wave to Radio Technology Somfy Interface (ZRTSI) and the Z-Wave® Digital Engine Interface Platforms (ZDMI).
Likewise, ZebraBlinds touts the incorporation of Z-wave to achieve energy efficiency, equipping shades with temperature sensor buttons to adapt to external environmental conditions. Such developments are expected to give a massive boost to the global smart shading device market in the coming years.
“As urbanization progresses, the demand for smart homes and connected buildings is on an upward curve, leading to increased investments in green and energy efficient technologies, expanding the place for smart shading devices for surveillance of the internal temperature in the years to come “, states a fact. Analyst MR.
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Key takeaways from Fact.MR’s Smart Shades market research
- In terms of technology, ZigBee / Z-Wave smart shades are growing at a remarkable CAGR
- Strong demand for residential smart shades is forecast through 2021 due to the growing popularity of smart homes
- U.S. to experience significant growth, with leading smart shade makers such as Lutron Electronics and Somfy deepening penetration
- Growing demand for ‘ubiquitous homes’ to boost UK sales
- Germany and France to receive a boost amid rising demands to achieve domestic energy efficiency
- India will remain an emerging market until 2021, China will achieve credible gains
Leading smart blind manufacturers in Fact.MR report include Hunter Douglas NV, Lutron Electronics Co. Ltd., Somfy Systems Inc., Graber Blinds (Spring Window Fashions), Legrand Group, Vertilux Ltd., Loxone Electronics GmbH, Mechoshade Systems Inc., RYSE (Axis Labs) and Crestron Electronics Inc.
The aforementioned players rely on partnerships with key entities to expand the reach of their products. For example, in February 2021, Somfy Systems Inc. collaborated with the Sinclair Hotel in Fort Worth, Texas, to create the first truly connected building in North America. The company has agreed to supply 500 Power-over-Ethernet (PoE) gateways and approximately 650 motors for blinds and drapes.
In addition, the expansion of networks of manufacturing representatives has enabled certain players to acquire a greater share of the revenues. For example, in January 2021, Loxone Electronics GmbH announced its decision to expand its network of manufacturing representatives across the United States, consisting of 7 entities. This should help the company market and distribute its line of building automation products, including smart blinds.
In October 2020, Hunter Douglas showcased a unique solution for PowerView automated shades by unveiling the Rechargeable Battery Wand. The new product line brings practical and long-lasting power to automated shading products. These new battery operated wands can be installed with most styles of shades and can also be retrofitted with existing Hunter Douglas automated window treatments. In addition, the solution helps reduce waste, conserve resources associated with manufacturing and distributing disposable batteries, saving homeowners money.
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More valuable insights into the smart blinds market
Fact.MR in its new offering presents an unbiased analysis of the global smart shades market. The study discloses essential information on the basis of technology (Wi-Fi, Bluetooth, ZigBee / Z-Wave and radio waves), end use (residential and commercial) and sales channel (direct to customer, online sales channels, hypermarket / supermarkets, specialty stores and others), in the main regions of the world (North America, Latin America, Europe, East Asia, South Asia and Oceania, and Middle East and Africa ).
Key questions addressed in the report
- How is the adoption of Z-wave compatible smart shades growing?
- Why is the United States a lucrative market for smart shades?
- How should China emerge as a lucrative landscape of smart shading devices?
- Why is the adoption of residential grade smart shades increasing?
- Which top manufacturers are operating in the global smart shades market landscape?
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