Portable Solar Charger Market: Current Analysis and Forecast (2020-2030)
Emphasis on Type (Small Portable Charger, Foldable Portable Charger, Backpack Solar Chargers), Panel Type (Monocrystalline Solar Charger, Polycrystalline Solar Charger); Application (Individual Consumer, Defense); and Region/Country
The Portable Solar Charger Market was valued at USD 418.1 million in 2022 & is expected to grow at a CAGR of 21.8% from 2022-2030. Owing to the surge in adventurous traveling activities such as hiking, and camping in various regions. Moreover, Factors such as the growing number of electronic devices and the need to stay connected to the world for a fast and easy way of communication are driving the market demand for portable solar charger market. Moreover, the growing demand for renewable resources is escalating the market size of portable solar chargers. Further, various manufacturers are developing portable solar chargers that are lightweight, high-quality, and affordable devices designed to meet the consumer’s daily utility needs. For instance: In 2023, Namene today launches the Zafi charger, an affordable lightweight solar charger that is capable of charging a range of portable devices – from phones to fans.
Some of the major players operating in the market include Goal Zero, Voltaic Systems, Powertraveller International Ltd., Instapark, Gomadic Corporation, GigaWatt Inc., Renogy LLC, Suntactics, Zamp Solar, Jackery Inc..
Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst panel type, the monocrystalline panel segment held a dominating share of the market in 2022”
Based on the panel type, the monocrystalline panel caters for a significant share of the portable solar charger market. It is mainly owing to its durability and a higher energy efficiency rate of around 15-20%. In addition, monocrystalline panels are space-efficient, as they can produce more power per square foot and have the longest life compared to polycrystalline. Moreover, various players in the portable solar charger use monocrystalline panels as it has better heat tolerance, making them suitable for extreme heat conditions.
“Amongst applications, the Individual consumer segment held the majority share of the market in 2022”
Based on the application, the market is segmented into individual consumers, and defense. The individual consumer segment caters to an extensive share of the market. It is mainly due to increasing outdoor activities such as biking, hiking, and mountain, especially in developed economies are driving its market growth.
“Asia Pacific Caters Considerable Share in the Portable Solar Charger Market in 2022”
Asia Pacific acquired a significant share of the portable solar charger. It is mainly owing to the factors such as the large number of solar panel manufacturers in the countries like China, India, and Japan.
In addition, various outdoor activities associations that provide training for adventure sports events are further fueling the demand for a portable solar charger. Further, over the years, the rise in smartphone, tablet, and portable electronic device adoption, along with a shift in consumer preference for sustainable energy sources is likely to provide massive potential for portable solar chargers.
Portable Solar Charger Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Portable Solar Charger market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Portable Solar Charger Market Analysis (2020-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Portable Solar Charger market were the three major steps undertaken to create and analyze the adoption of Portable Solar Charger in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Portable Solar Charger market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Portable Solar Charger market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Portable Solar Charger market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, panel type, and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Portable Solar Charger market. Further, we conducted factor analysis using dependent and independent variables such as the type, panel type, and application of the Portable Solar Charger market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Portable Solar Charger market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Portable Solar Charger market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Portable Solar Charger market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Portable Solar Charger market in terms of product offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Portable Solar Charger market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, panel type, size, and application in the global Portable Solar Charger market.
The Main Objective of the Global Portable Solar Charger Market Study
The current & future market trends of the global Portable Solar Charger market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Portable Solar Charger market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the type, panel type, and application.
- Define and analysis of the regulatory framework for the Portable Solar Charger
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Portable Solar Charger market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Portable Solar Charger market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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