“Portable Solar Charger Market: Global
Demand Analysis & Opportunity Outlook 2023”
Global portable solar charger market
is segmented into product type such as solar trickle charger, clamshell solar
charger, folding solar charger and backpacks solar charger. Among these
segments, clamshell solar charger segment is expected to occupy the top
position in portable solar charger market. Further, increasing sale of
electronic gadget units is anticipated to intensify the growth of clamshell
solar charger segment. Moreover, features such as compact, waterproof,
lightweight and rugged design are increasing the penetration of clamshell solar
chargers.
Global portable solar charger market is
expected to register a CAGR of 13.2% during the forecast period. Moreover, the
market of portable solar charger was held at a valuation of USD 20,498.4 Million
in 2016. Factors such as environmental and energy saving concerns, rising
disposable income and favorable government initiatives are expected to propel
the growth of portable solar charger during the forecast period.
North America captured the
largest market share of overall portable solar charger in 2016. Further, North
America is expected to continue its dominance over the forecast period. Factors
such as rising disposable income, presence of various manufacturers and encouragement
by government to adopt renewable energy products are the fuelling the growth of
portable solar charger market in the region. Asia Pacific portable solar
charger market is anticipated to flourish at a CAGR of 15.3% during the
forecast period.
Environmental and Energy Saving Concerns
Rising consumer awareness
about the environmental benefits of solar powered products is anticipated to
positively impact the growth of portable solar charger market. Further, increasing
energy saving concerns among the people is expected to strengthen the growth of
portable solar charger market. Moreover, consumer electronic industries are focusing
towards the development and manufacturing of solar energy products owing to the
increasing preference of consumer for environment friendly products.
Government Initiatives and Regulation
Government of various countries
such as U.S., India and China are encouraging the citizens to adopt solar
energy products which are further anticipated to impel the growth of portable
solar charger market. Moreover, government sponsorship to solar product
manufacturing companies is envisioned to strengthen the market of portable
solar charger.
Although, high cost of portable
solar chargers and poor quality products by local manufacturing companies are
some of the factors that are likely to inhibit the growth of the global portable
solar charger market in the near future.
The
report titled “Portable Solar Charger Market: Global
Demand Analysis & Opportunity Outlook 2023”
delivers
detailed overview of the global portable solar charger market in terms of
market segmentation by product type, by end user and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global portable
solar charger market which includes company profiling of Philips Electronics, Cobra Electronics Corporation, Solar Tab Limited,
Poweradd, Solio Battery Products, Solar Frontier K.K., Goal Zero, Anker
Technology Co. Ltd., Suntrica Ltd. and empo-ni. The profiling enfolds
key information of the companies which encompasses business overview, products
and services, key financials and recent news and developments. On the whole,
the report depicts detailed overview of the global portable solar charger market
that will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
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research, kindly visit: https://www.researchnester.com/reports/portable-solar-charger-market-global-demand-analysis-opportunity-outlook-2023/247
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