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Market Research Report

Portable Solar Charger Market : Global Demand Analysis & Opportunity Outlook 2023

Published On : 09:40 AM, 14th September, 2017 REP-ID-247 Category: ICT & Electronics

Global Portable Solar Charger Market Overview

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.

                         Portable Solar Charger Market Demand, Growth, Revenue

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

By Region

Global portable solar charger market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

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.

Key Players

  • Philips Electronics
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Cobra Electronics
  • SolarTab
  • Poweradd
  • Solio
  • Solar Frontier
  • Goal Zero
  • Anker
  • Suntrica
  • empo-NI

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global portable solar charger market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By End-User Type Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

 

 

1. Executive Summary

2. Research Methodology

3. Risk Analysis

3.1. Demand Risk

3.2. Supply Risk

4. Top Countries with Highest demand for Portable Solar Charger – By Region

4.1. North America

4.2. Europe

4.3. Asia-Pacific

4.4. Middle East & Africa

5. Global Portable Solar Charger Market Size (USD Million) and Forecast, 2016-2023

6. Market Dynamics & Its Impact Analysis

6.1. Growth Drivers

6.2. Challenges

6.3. Trends

7. Global Market Segmentation Analysis

7.1. By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.1.1. Solar Trickle Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.1.2. Clamshell Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.1.3. Folding Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.1.4. Backpacks Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.1.5. Market Attractiveness By Product Type

7.1.6. BPS Analysis By Product Type

7.2.   By End-User Type Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.2.1. Individual Consumers Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.2.2. Military End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.2.3. Transportation Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.2.4. Market Attractiveness By End-User Type

7.2.5. BPS Analysis By End-User Type

7.3. By Region Market Size (USD Million), Y-O-Y Growth & Share Analysis (%), 2015-2023

7.3.1. North America Market Size (USD Million), Y-O-Y Growth & Share Analysis (%), 2015-2023

7.3.1.1. By Country

7.3.1.1.1. U.S. & Canada Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.1.1.2. Market Attractiveness By Country

7.3.1.1.3. BPS Analysis By Country

7.3.1.2.  By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.1.2.1. Solar Trickle Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.1.2.2. Clamshell Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.1.2.3. Folding Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.1.2.4. Backpacks Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.1.2.5. Market Attractiveness By End-Use

7.3.1.2.6. BPS Analysis By End-Use

7.3.1.3.  By End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.1.3.1. Individual Consumers Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.1.3.2. Military End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.1.3.3. Transportation Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.1.3.4. Market Attractiveness By End-User Type

7.3.1.3.5. BPS Analysis By End-User Type

7.3.2.   Latin America Market Size (USD Million), Y-O-Y Growth & Share Analysis (%), 2015-2023

7.3.2.1. By Country

7.3.2.1.1. Brazil, Mexico & Rest of Latin-America Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.2.1.2. Market Attractiveness By Country

7.3.2.1.3. BPS Analysis By Country

7.3.2.2.  By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.2.2.1. Solar Trickle Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.2.2.2. Clamshell Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.2.2.3. Folding Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.2.2.4. Backpacks Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.2.2.5. Market Attractiveness By End-Use

7.3.2.2.6. BPS Analysis By End-Use

7.3.2.3.    By End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.2.3.1. Individual Consumers Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.2.3.2. Military End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.2.3.3. Transportation Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.2.3.4. Market Attractiveness By End-User Type

7.3.2.3.5. BPS Analysis By End-User Type

7.3.3.      Europe Market Size (USD Million) & Y-O-Y Growth & Share Analysis, 2015-2023

7.3.3.1.   By Country

7.3.3.1.1. U.K. & Germany Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.3.1.2. France, Italy & Spain Market Size (USD Million) & Y-O-Y Growth Analysis, 2016-2023

7.3.3.1.3. Russia, Poland & Rest of Europe Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.3.1.4. Market Attractiveness By Country

7.3.3.1.5. BPS Analysis By Country

7.3.3.2.    By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.3.2.1. Solar Trickle Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.3.2.2. Clamshell Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.3.2.3. Folding Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.3.2.4. Backpacks Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.3.2.5. Market Attractiveness By End-Use

7.3.3.2.6. BPS Analysis By End-Use

7.3.3.3.    By End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.3.3.1. Individual Consumers Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.3.3.2. Military End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.3.3.3. Transportation Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.3.3.4. Market Attractiveness By End-User Type

7.3.3.3.5. BPS Analysis By End-User Type

7.3.4.       Asia Pacific Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.4.1.   By Country

7.3.4.1.1. India & China Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2023

7.3.4.1.2. Japan & Australia Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2023

7.3.4.1.3. New Zealand & Rest of Asia-Pacific Market Size (USD) & Y-O-Y Growth Analysis (% Million), 2016-2023

7.3.4.1.4. Market Attractiveness By Country

7.3.4.1.5. BPS Analysis By Country

7.3.4.2.    By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.4.2.1. Solar Trickle Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.4.2.2. Clamshell Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.4.2.3. Folding Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.4.2.4. Backpacks Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.4.2.5. Market Attractiveness By End-Use

7.3.4.2.6. BPS Analysis By End-Use

7.3.4.3.    By End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.4.3.1. Individual Consumers Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.4.3.2. Military End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.4.3.3. Transportation Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.4.3.4. Market Attractiveness By End-User Type

7.3.4.3.5. BPS Analysis By End-User Type

7.3.5.        Middle East & Africa Market Size (USD Million) & Y-O-Y Growth & Share Analysis, 2015-2023

7.3.5.1.     By Country

7.3.5.1.1. GCC & North Africa Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.5.1.2. South Africa & Rest of Middle East Market Size (USD Million) & Y-O-Y Growth Analysis, 2016-2023

7.3.5.1.3. Market Attractiveness By Country

7.3.5.1.4. BPS Analysis By Country

7.3.5.2.    By Product Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.5.2.1. Solar Trickle Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.5.2.2. Clamshell Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.5.2.3. Folding Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.5.2.4. Backpacks Solar Charger Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.5.2.5. Market Attractiveness By End-Use

7.3.5.2.6. BPS Analysis By End-Use

7.3.5.3.    By End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2015-2023

7.3.5.3.1. Individual Consumers Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.5.3.2. Military End-User Type Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.5.3.3. Transportation Market Size (USD Million) & Y-O-Y Growth Analysis (%), 2016-2023

7.3.5.3.4. Market Attractiveness By End-User Type

7.3.5.3.5. BPS Analysis By End-User Type

8.   Porter’s Five Force Model Analysis

9.   Competitive Landscape

9.1. Market Share of Major Players

9.2. Company Profiles

9.2.1. Philips Electronics

9.2.1.1. Company Overview

9.2.1.2. Financial Performance

9.2.1.3. Key Product Type Offerings

9.2.1.4. Business Strategy

9.2.2. Cobra Electronics

9.2.3. Solar Tab

9.2.4. Power add

9.2.5. Solio

9.2.6. Solar Frontier

9.2.7. Goal Zero

9.2.8. Anker

9.2.9. Suntrica

9.2.10.empo-NI

 

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