Portable Solar Charger Market will multiply at an impressive CAGR of 13.2% by 2023 & Top Key Players Philips Electronics, Cobra Electronics, SolarTab, Poweradd, Solio, Solar Frontier, Goal Zero, Anker, Suntrica and Empo-NI

The global portable solar charger market is segmented by product type into solar trickle charger, clamshell solar charger, folding solar charger and backpacks solar charger. Among these segments, the clamshell solar charger has dominated the portable solar charger market by 38.3% during 2016. Demand for solar trickle charger and backpack solar charger is anticipated to remain dominant across the globe and are projected to expand at a CAGR of 13.9% & 14.2% respectively during 2017-2023. Further, the rise in installation of solar trickle charger in vehicles and boats is the major factor for the growth of portable solar charger over the forecast period.
The global market of portable solar charger reached USD 20,498.4 Million in 2016 and is expected to gain revenue of USD 47,913.3 Million by the end of 2023, expanding at a CAGR of 13.2% over the period 2017-2023.

In the regional segment, North-America dominated the global portable solar charger market by contributing a market share of 41.8% in 2016 and is anticipated to maintain its dominance across the globe by registering a CAGR of 12.4% over the forecast period. Further, spiked growth in sale of electronic gadgets, urbanization and rising adoption of portable solar products across the globe is expected to propel the growth of Europe & North-America portable solar charger market in the upcoming years. In Asia-Pacific region, China and Japan are the two major countries which are creating a huge demand for the portable solar chargers. Factors such as rising adoption of advanced technological products and presence of large number of portable solar charger manufacturers are boosting the demand for portable solar chargers in the region.

Rise in Need for Portable Renewable Power Products Reflects Significant Opportunities

The continuous rise in the demand for portable, convenient and time saving power products has been witnessed in developed countries since a decade. The high adaptability and encouragement of new technologies in developed regions of North America and Europe is one of the major factors which is uplifting the demand for portable solar chargers. Portable solar chargers are equipped with new technologies which increases their efficiency. New technological development & increased efficiency are penetrating the market for solar chargers. These factors are believed to supplement the growth of portable solar charger market globally.

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However, less disposable income, lack of government initiative and awareness in under-developed countries is likely to inhibit the growth of portable solar charger market in coming years.

The report titled “Global Portable Solar Charger Market Outlook 2023: Industry Analysis & Opportunity Evaluation 2016-2023” delivers detailed overview of the 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.

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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, SolarTab, Poweradd, Solio, Solar Frontier, Goal Zero, Anker, Suntrica 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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