Portable solar charger consists of solar panels and thin
film systems which uses sunlight to provide electricity to electronic devices.
These portable solar chargers have gained significance in list of commodities
purchased by consumers. These portable chargers are easy to carry due to their
compactness and light weight of product. Technological advancements in solar
powered products offer varied advantages in terms of product shape, light
weight and durability of portable solar chargers.
Increase in funding in research and development are attracting more
manufacturers to develop efficient portable solar chargers which converts the
sunlight and transfers the electricity to the devices at a faster rate. These
advancements and continuous researches is the major driving source for the
portable solar charger globally.
The portable solar charger provides the facility to charge
the electronic devices such as smartphones, tablets and laptops, etc. at the
time of travelling as well. The growing need for portable charging devices to
reduce the dependency of power source has exhibited a positive growth in past
few years. Rapid pace in urbanization across the globe and growing preferences
for consumer towards handy, lightweight and durable electronic devices and rise
in adoption of energy efficient and advanced electronics are likely to propel
the demand for portable solar chargers in near future. Increasing penetration
of high specification devices across the globe which drains battery at a faster
rate, further needs a power source to charge the drained battery which has
inclined the demand for such portable solar chargers in the market.
Market
Size and Forecast
The portable solar charger market is expected to expand at a
CAGR of 13.2% during the forecast period of 2017-2023. The market growth will
be driven by the rising environmental and energy saving awareness. Further, the
favorable government regulations and policies are expected to expand the global
portable solar charger market.
Globally, North-America is projected to dominate the overall
portable solar charger market followed by Europe and Asia-Pacific.
North-America portable solar charger market is expected to reach USD 15,945.5
Million by the end of 2023. The advancement and rising adoption of electronic
gadgets and wearable technology in North-America region is triggering the
demand for portable solar charger. Further, introduction of government
regulation to harness solar energy and become energy independence is the major
factor which is driving the growth of portable solar charger market in the
U.S.
Europe portable solar charger market is rising due to the
increasing sale of wearable technology, mobile, tablet and automobile market
across the Europe region. Further, Germany, Italy and Spain are expected to
account for the largest share of revenue by 2023. The portable solar charger
market in Asia-Pacific region is expected receive a huge support from rapid
urbanization and rising demand for energy efficient portable solar chargers.
The portable solar chargers provide ease to the user to charge the device on
the go. These factors are propelling the demand for portable solar charger in
the Asia-Pacific region.
Market
Segmentation:
Our in-depth analysis of the global portable solar charger
market includes the following segments:
By
Product Type
·
Solar Trickle Charger
·
Clamshell Solar Charger
·
Folding Solar Charger
·
Backpacks Solar Charger
By
End-User Type
·
Individual Consumers
·
Military Application
·
Transportation
Growth
Drivers and Challenges
Factors related to environmental concern such as reducing carbon
emission and increasing consumer awareness are driving the growth of solar
powered products. Companies and consumers are looking for solar products, as
only renewables sources of energy will be used after the replenishment of non-
renewable source of energy. Further, clean energy products have various
advantages over the traditional energy product. These advantages are expected
to bolster the market of portable solar powered products. Apart from this,
features such as renewable and environment friendly energy are expected to
increase the demand for solar products in the near future.
Rising demand for renewable energy products is one of the
key factors which are fuelling the growth of portable solar charger market. The
continuous rise in the demand for portable, convenient and time saving power
product has been witnessed in developed countries since a decade. Further, the
high adaptability and encouragement of new technologies in developed regions is
one of the major factors which are uplifting the demand for portable solar
chargers. New technological development & increased efficiency portable
solar power charger products are penetrating the market for solar
chargers. Further, favorable government regulation and program are
transforming energy sector from non- renewables to renewables. Various
companies manufacturing solar products are sponsored by the ministries of their
countries. These factors are pushing the renewable companies towards
manufacturing of advanced and daily usable solar products such as portable
solar charger. Moreover, portable solar products are expected to witness growth
owing to the rising consumer awareness for the use of solar power products
However, high cost of portable solar charger as compared to
their counterpart such as electric charger, power banks and others is
anticipated to restrict the growth of market. Further, presence of poor quality
of products by local companies is hampering the growth of the global portable
solar charger market. Due to lack of awareness about the environmental benefits
and energy saving, the populations of under-developed countries are not likely
to adopt the portable solar charger. This factor is projected to dampen the
growth of global portable solar charger market. Further, lack of supportive
solar energy policies and regulations in under-developed countries is expected
to dampen the growth of portable solar chargers. Apart from this, the low
efficiency of the portable solar charger and its limitations such as full
operating capacity of only 4-5 hours hampers the growth of the portable solar
charger market.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
To know more about this
research, kindly visit: https://www.researchnester.com/reports/portable-solar-charger-market-global-demand-analysis-opportunity-outlook-2023/247
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
