collaborated with the Sinclair Hotel in Fort Worth, Texas, to create North America's first truly connected building. For instance, in February 2021, Somfy Systems Inc. The aforementioned players rely on partnerships with key entities to broaden their product outreach. 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. Prominent smart shades manufacturers in Fact.MR's report include Hunter Douglas NV, Lutron Electronics Co. India to remain a nascent market through 2021, China to acquire credible gains.Germany and France to receive a nudge amid growing demands for attaining indoor energy efficiency.Increasing demand for "ubiquitous homes" to heighten sales across the UK.US to experience significant growth, with prominent smart shade manufacturers such as Lutron Electronics and Somfy deepening penetration.High demand for residential smart shades is anticipated through 2021 on the back of growing smart homes popularity.In terms of technology, ZigBee/Z-Wave smart shades to expand at a noteworthy CAGR.Key Takeaways from Fact.MR's Smart Shades Market Study "As urbanization progresses, demand for smart homes and connected buildings is registering an upward sloping curve, leading to increased investments in green and energy-efficient technologies, widening the berth for internal temperature monitoring smart shade devices in upcoming years," says a Fact.MR analyst.įor More Valuable Information on Regional Market Dynamics, Request a Report Sample Such developments are expected to provide a massive nudge to the global smart shade devices market in forthcoming years.
Likewise, ZebraBlinds is touting the incorporation of Z-wave enable energy efficiency attainment, equipping blinds with temperature sensor buttons to adjust as per external environmental conditions. Players such as Somfy Systems have been offering these products even before the aforementioned development, unveiling the Z-Wave to Radio Technology Somfy Interface (ZRTSI) and the Z-Wave ® Digital Motor Interface (ZDMI) platforms. The technology aims to increase scalability to over 2000 nodes on a single smart home network.Ĭonsequently, manufacturers are introducing a flurry of Z-wave enabled smart shade devices. Recently, in September 2020, the Z-Wave Alliance announced its new Long Range (LR) specifications, extending the transmission range of peripheral Z-wave devices including locks, garage doors and smart shades. Burgeoning demand for smart homes and rising energy efficiency requirements are expected to catapult the market on such an elevated trajectory.Īccording to the study, demand is highly reliant on the deepening penetration of ZigBee/Z-Wave technology enabled devices. Long-term projections appear equally strong, with forecasts pointing towards a stellar 23% CAGR through 2031. 19, 2021 /PRNewswire/ - The global smart shades market is poised to experience healthy expansion through 2021, experiencing a growth rate of 16.5%, according to a recent report published by Fact.MR.
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