The growing sales of smartphones, tablets, cameras and other electronic gadgets, the inclination of consumers towards the clean energy along with rising concerns regarding lack of energy resources are some of the major reasons which are driving the manufacturers to progressively work on the development of efficient and affordable portable solar chargers. Rising awareness and various government initiatives regarding the implementation of solar energy is believed to create a huge potential for the portable solar chargers in upcoming years.
The global portable solar charger market accounted for USD 20,498.4 Million in 2016 and is believed to reach USD 47,913.3 Million by the end of 2023, expanding at a CAGR of 13.2% between the period 2017 and 2023.
Geographically, the global portable solar charger market is segmented into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. With rapid development of portable and efficient solar chargers, the North America portable solar charger market contributed the dominant market share of 41.8% during 2016 and is expected to hold this positive growth in upcoming years. The growing sales of electronic gadgets, urbanization and rising adoption of portable solar products is expected to propel the growth of Europe & North-America portable solar charger market by the end of 2023. Further, the Asia-Pacific is expected to showcase a tremendous growth with a CAGR of 15.3% during the forecast period.
In terms of end-user segmentation, the global portable solar charger is divided by individual consumers, military and transportation, out of which, the individual consumer segment accounted for the dominant share of 58.1% in 2016 and is believed to dominate the overall end-user segment over the forecast period. Further, the military segment is believed to expand with highest CAGR over the forecast period due to the rising use of portable solar chargers to charge military gadgets such as SAT phone and GPS among others.
The Report titled “Global Portable Solar Charger Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016–2023” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of the global portable solar charger market which includes profiling of Philips Electronics, Cobra Electronics, SolarTab, Poweradd, Solio, Solar Frontier, GoalZero, Anker, Suntrica and Empo-Ni.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled Global Portable Solar Charger Market Outlook 2023”, analyses the overall portable solar charger industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global portable solar charger market in near future.