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Global Solar Charger Market Expected to Witness a Sustainable Growth over 2023
A solar charger employs solar energy to supply electricity to devices or charge batteries. They are generally portable. Solar chargers can charge lead acid or Ni-Cd battery banks up to 48 V and hundreds of ampere-hours (up to 4000 Ah) capacity. Such type of solar charger setups generally use an intelligent charge controllers. These devices have high degree of flexibility and highest efficiency as compared to any other green charger.
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Global Solar Charger Market: Forecast by Type / Application / Region
The market for Solar Charger is highly fragmented with players such as Anker, GoalZero, Letsolar, RAVPower, ECEEN, Powertraveller, Solio, LittleSun, Voltaic Systems, YOLK, Solar Technology International, NOCO, Instapark, Xtorm, Allpowers Industrial International, Hanergy and so on.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. There hardly to have obvious technology breakthrough except deeper system function integration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market is intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
Over the next five years, LPI(LP Information) projects that Solar Charger will register a 26.8% CAGR in terms of revenue, reach US$ 4570 million by 2023, from US$ 1100 million in 2017.
Global Solar Charger Market: Key Players
Anker
GoalZero
Letsolar
RAVPower
ECEEN
Powertraveller
Solio
LittleSun
Voltaic Systems
YOLK
Solar Technology International
NOCO
Instapark
Xtorm
Allpowers Industrial International
Hanergy
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Related Information:
United States Solar Charger Market Research Report 2018
Europe Solar Charger Market Research Report 2018
North America Solar Charger Market Research Report 2018
Asia-Pacific Solar Charger Market Research Report 2018
China Solar Charger Market Research Report 2018
EMEA Solar Charger Market Research Report 2018
Global Solar Charger Market Research Report 2018
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