Sun Tunnel Market was valued at USD 0.80 Billion in 2022 and is projected to reach USD 1.55 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
The global Sun Tunnel market was valued at approximately USD 1.5 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 7.3% from 2023 to 2028. The market is expected to experience significant growth, driven by increasing demand for energy-efficient lighting solutions and a growing focus on sustainable building practices. Technological advancements in sun tunnel design and materials are enhancing product performance, leading to wider adoption across residential and commercial sectors. Additionally, favorable government regulations and incentives supporting renewable energy sources contribute to market expansion.
Opportunity analysis indicates a robust potential for market growth in emerging regions, particularly in Asia-Pacific and Latin America. As urbanization accelerates and construction activities rise in these regions, the demand for sun tunnels is expected to increase. The expansion of green building standards and the integration of innovative daylighting technologies are anticipated to create new opportunities for market players. Furthermore, rising consumer awareness about energy savings and environmental benefits of sun tunnels will likely drive market growth and innovation in product offerings.
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VELUX
FAKRO
Skylight
Sterlingbuild
Solatube
Tubular Skylight
Natural Light Tubular Skylights
Daylighting Technologies
Skydome
Elite Solar Lighting & Fans
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Sun Tunnel Market
Residential Use
Commercial Use
Based on Types the Market is categorized into Below types that held the largest Sun Tunnel market share In 2023.
Flexible Tube
Rigid Tube
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Sun Tunnel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Sun Tunnel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Sun Tunnel Market, By Type
6. Global Sun Tunnel Market, By Application
7. Global Sun Tunnel Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Sun Tunnel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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