The report provides an overview of the “Solar Control Window Films Market” industry including definitions, division, key vendors, key Development and market challenges. The Solar Control Window Films Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Solar Control Window Films Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
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The market for solar control window films is expected to register a CAGR of 11.76% during the forecast period (2019-2024). Major factors driving the market studied are growing emphasis on reducing carbon footprints and the growing construction industry in the Asia-Pacific region. The growth in the smart glass market and other aftermarket issues, such as technical, warranty, and installation issues, is expected to hinder the growth of the market studied.
– The construction industry dominated the market in 2018, and is expected to grow during the forecast period, owing to the ongoing surge in the construction industry globally, especially in the Asia-Pacific region.
– Growing concerns regarding UV protection are likely to act as an opportunity in the future.
– Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.
The Solar Control Window Films Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Solar Control Window Films Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Growing Emphasis on Reducing Carbon Footprint
– With growing awareness of global warming and harmful effects of emissions on the environment, concerns to tackle environmental issues, among corporates and individuals alike, are consistently increasing.
– Currently, efforts to develop low-energy methods for warm climates are in progress across all continents. Moreover, governments across the world are setting up targets to reduce carbon emissions. For instance, China has proposed to cut down its carbon emissions by 60-65%, by 2030.
– Currently, approximately one trillion kilowatt-hours of electricity is consumed by residential, commercial, and industrial air conditioning, annually. Additionally, automotive heating, ventilation, and air conditioning systems (HVAC systems) also consume a huge amount of energy, which results in the generation of exhaust emissions. For instance, in the United States, automotive ACs alone use 7 to 10 billion gallon of gasoline per annum. However, China is already moving ahead and is expected to surpass the United States, as the world’s biggest user of electricity for air conditioning, by 2020.
– In the wake of growing awareness regarding reducing the carbon footprint, consumers are opting for energy-efficient ways, which, in turn, may help in reducing the dependence on air-conditioners, like solar control panels. The usage of solar control window films can efficiently help in reducing the usage of air conditioners, as they help in keeping the interiors cool in buildings and automobiles.
– These films control the amount of light and heat entering, and reduce utility costs. These films can block about 84% of solar energy that may normally enter through windows. Thereby, saving up to 30% of the utility bills by lowering heating and cooling costs, and, in turn, reducing the energy consumption.
– The aforementioned factors are driving the growth in the consumption of the solar control window film market.
Asia-Pacific Region to Dominate the Market
Asia-Pacific was found to be the major market for the consumption of solar control window films, followed by North America and Europe. The ongoing growth in the end-user industries in the region is contributing to the growth of the market, especially the construction and automotive industry. The construction market in China is the largest in the region, which is almost two times the size of the construction industry of Japan. The growth in the construction industry of India is expected to be the highest in the region, owing to the ongoing investments in infrastructure and other considerable projects. The aforementioned factors are contributing to the increasing demand for solar control window films’ consumption in the region, during the forecast period.
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- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
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Detailed Table of Content of Global Solar Control Window Films Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Solar Control Window Films Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Solar Control Window Films Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Solar Control Window Films Market Segmentation, By Capacity
7. Global Solar Control Window Films Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Solar Control Window Films Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Solar Control Window Films Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 180
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