Market Trends of Global Smart Window Industry
This section covers the major market trends shaping the Smart Window Market according to our research experts:
Motorized Roller Shades to Hold Significant Market Share in Near Future
- Motorized roller shades give a smooth rolling motion when one raises or lowers them, creating a friendly, high-technology vibe that does not distract or demand sudden attention. This makes motorized roller shades perfect for office windows, living rooms, and kitchen areas. According to U.S. Census Bureau, building permits for new residential construction in the U.S. increased by roughly 8,000 units in March 2022 in comparison to the previous month.
- In March 2022, SelectBlinds.com, an online window décor retailer, announced the release of two new Motorized Architect Roller Shades products, which are driven by new Eve MotionBlinds and Apple HomeKit technology. The Eve MotionBlinds motors are the first linked blinds and shades motors on the market to support Thread smart home technology and their Bluetooth capabilities.
- In November 2021, Rollease Acmeda, a worldwide window coverings company, announced that it's Automated Motorized Roller Shade interior product had won the CEE Integrated Home Competition Special Recognition for Innovation in Design and Engineering Award.
- Canadian online retailer of shades and blinds Zebrablinds.ca is making inroads into the market with an expanded assortment of products, including its custom-made motorized roller window shades that are less costly than the other competitors. The company witnessed a huge hit with consumers, both for the shades themselves and the potential to integrate the shades with automatic technology. This comes when many update their homes while off work, owing to the COVID-19 pandemic.
- Based in Mississauga, Ontario, the company custom makes the shades to the ordered specifications depending on the window type. Given that windows come in different sizes and shapes, Zebrablinds.ca can custom-make shades that would fit while offering a wide range of materials in colors that would go with almost any decor.
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Europe Expected to Dominate Market Share
- High penetration of smart home products among UK households and growing adoption of advanced window covering products are some of the major factors driving the smart windows market in the United Kingdom. Smart Windows are enabling features such as constantly updating homeowners regarding their windows' 'open or close' status. This has developed a tremendous interest in the UK market, not just because of the benefits the new technology offers to the homeowner in caring for their property but also of the fact that they can watch over the security of their extended families' homes too.
- According to the United Nations projections, by the year 2050, more than seven out of ten people will live in cities. This will push the development of megacities with large apartment blocks, high-rise buildings, and massive public buildings. Digitalization will play a crucial role in all of these buildings. According to the European Telecommunications Network Operators' Association, by 2025, there will be around 154 million active IoT connections in smart buildings. Such Digitalization policies will drive the studied market.
- The recent COVID-19 outbreak has affected global manufacturing, hence the availability of cheaper imports into the United Kingdom, which could lead to increased demand for UK-produced window coverings products in the medium-term. This is also expected to boost the local manufacturing of smart window products.
- In recent years, local manufacturers have been innovating blinds & shades products with their increasing focus on fully automated products. The adoption of smart window solutions is also rising in the country as it brings home interior experiences with connected shades, blinds, and curtains, significantly enhancing comfort and convenience.
- Furthermore, countries like Germany, Italy, Russia, Netherlands, Switzerland, Denmark, and Sweden, among others, have witnessed a significant rise in the adoption of smart windows in recent years. The growing demand for multifunctionality products, high rate of product innovation, and features like voice assistants are some of the major factors driving the growth of smart windows in the rest of Europe.
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