Global Portable Solar Charger Market Drivers, Trends and Opportunities Forecasts from 2017 to 2022

Executive Summary

Global Portable Solar Charger Market:

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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

Global portable solar charger market expected to register a CAGR of 13.2% over the forecast period. The portable solar charger market is expected to observe robust growth during the forecast period on account of rising popularity of solar chargers among the population. Under end-user segment, individual consumer segment accounted the largest share of 65% in overall end-user segment in 2015. Factors such as augmented adoption of high specification devices and growing need for charging facilities at the time of travelling are projected to bolster the demand for portable solar chargers in near future.

Growing trend towards solar photovoltaic consumer products and increasing demand for portable charging products for the ease of charging while travelling is likely to foster the demand for portable solar charger in near future.

Geographically, North-America is expected to showcase a tremendous growth in the portable solar chargers market across the globe in near future. Changing preferences of consumer towards solar powered products on account of rising prices of electricity in the region has intensified the market over the past few years. However, increasing government support towards solar powered products is anticipated to expand the region’ growth at a higher pace with a contribution of 54% in the global portable charger market by 2023.

Market Segmentation

Our in-depth analysis segmented the global portable solar charger market in 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 (United States /U.S. & Canada)

Latin America (Brazil, Mexico, Rest of Latin America)

Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)

Middle East and North Africa (MENA)

Rest of World

Growth Drivers and challenges

Rising popularity of portable solar chargers and increasing use of electronic devices, shifting of consumers towards the devices such as portable solar charger that uses natural resources is swelling the demand for portable solar charger across the globe. The increase in personal disposable income of the population in growing economies has led the people to adopt advanced technology introduced by various solar charger manufacturers in the region.

Rising demand for advanced electronic devices in growing economies and rising concern towards energy saving are some of the major factors which is anticipated to swell the demand for portable solar chargers across the globe in near future.

However, intermittent of solar power and lack of awareness in various undeveloped countries across the globe are curbing the growth of portable solar charger market. Likewise, high cost of portable solar charger and slow adoption from consumers end is hampering the market of portable solar charger globally.

Key Players

The key manufacturers of portable solar charger as follows:

Philips

Company Overview

Key Product Offerings

Business Strategy

SWOT Analysis

Financials

Dxpower

Cobra

Anker

Goal Zero

Poweradd

Solio

Solar Frontier

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 and Y-O-Y Growth Analysis

By End-User type Market Size and Y-O-Y Growth Analysis

By Regions

North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis

Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis

Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis

Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis

Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

Rest of World Market Size and Y-O-Y Growth Analysis

Market Dynamics

Supply and 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

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