According to Technavio, the Global Smart Shades Market is expected to grow from $162 million in 2019 to $1.47 billion in 2024, a CAGR of 55.6%. Of this, $247 million will come from new installations, while $1.22 billion will come from retrofits and replacements.
Commercial buildings have Building Automation Systems (BAS)
Commercial buildings have Lighting Automation
Why Invest Now?
The smart home industry has seen some large exits, with the big tech giants acquiring many start-ups. Some notable exits include, Assay Abloy acquiring August Lock, Google acquiring DropCam for $550 million and Nest for $3.2 billion, as well as Amazon acquiring Blink for $90 million and more recently Ring for $1.2 billion. RYSE is positioning ourselves to potentially be an attractive acquisition target by larger companies in our space.
Motorized window shades are one of the best investments a building can have to reduce building emissions and minimize energy consumption. With increasing legislation against building emissions, such as the Green New Deal & Local Law 97 that require buildings to reduce GHG emissions by specified targets, our products are the perfect solution for buildings to effectively meet both current and future regulations, at a fraction of the cost of traditional solutions.
The Americans with Disabilities Act (ADA) is a civil rights law that impacts companies and buildings. RYSE products help companies easily and cost-effectively upgrade their buildings to meet mandatory requirements that public and private buildings must adhere to to improve the overall quality of life for people with disabilities.