Portable Solar Charger Market
Portable Solar Charger Market Study by Monocrystalline, Polycrystalline, Amorphous, and Hybrid for Individual Consumers, Defense, and Transportation from 2023 to 2033
Analysis of Portable Solar Charger Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Portable Solar Charger Market Outlook (2023 to 2033)
Worldwide sales of portable solar chargers are estimated at US$ 3.5 billion in 2023 and are forecasted to jump to US$ 13.1 billion by the end of 2033. The global portable solar charger market is pegged for expansion at an astronomical 14.1% CAGR over the next ten years (2023 to 2033).
Renewable energy sources such as wind and sun are inexhaustible and widely available across the world. Portable chargers can work without the need for a grid and powering them with renewable energy makes them powerhouses that can light up any part of the world.
Popularity of portable solar chargers is primarily being driven by an increasing number of people opting for outdoor and adventure activities as they require power on the go that can be recharged even in the remotest of places in the world. Demand for portable solar chargers is also benefiting from more and more people starting to live off-grid to avoid the bustle and pollution of cities and live a tranquil life in remote untouched areas.
Incentives for renewable energy adoption, subsidies on the purchase of solar devices, a growing number of people working from remote locations, increasing awareness regarding the benefits of renewable energy, and evolving consumer preferences are all estimated to impact the sales trajectory of portable solar chargers in the long run throughout the world.
Best Portable Solar Chargers Money Can Buy in 2023
- SunJack 25 Watt Foldable Solar Charger
- BigBlue 5V 28W Solar Charger
- Ryno Tuff 21W
- Choetech 19W
- X-Dragon Monocrystalline Portable Solar Charger Panel 20W
Increasing popularity of electric vehicles and the growing use of electricity in the transportation sector are also slated to augment sales of portable solar chargers over the coming years. The transportation industry is predicted to be rife with opportunities for portable solar charger suppliers in the future.
On the flip side, high initial investment required to purchase portable solar chargers is projected to be a major constraint troubling companies across the forecast period and beyond.
A detailed account of all threats and challenges has been extensively discussed in this portable solar chargers industry analysis by the skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Portable Solar Charger Market Size (2023)
US$ 3.5 Billion
Projected Market Value (2033F)
US$ 13.1 Billion
Global Market Growth Rate (2023 to 2033)
Monocrystalline Panels Market Share (2023)
North America Market Share (2023)
Key Companies Profiled
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How are Start-ups Lighting Up the Solar Energy Marketplace?
“Product Innovation and Efforts to Improve Awareness and Availability of Solar Energy”
Growing focus on sustainability and increasing eco-consciousness among consumers around the world have contributed to the surging popularity of and adoption of solar energy as an alternative to conventional energy. Efforts to improve the availability and coverage of solar energy to people all over the world are birthing new start-ups that are taking the solar business to new heights thereby creating new opportunities for aspiring portable solar charger manufacturers as well.
- In July 2023, Bright, a solar panel start-up based in Mexico and backed by Hollywood hotshot Leonardo DiCaprio, announced that it had raised US$ 31.5 million in a Series C financing round. The company focuses on reducing the costs of solar energy in the Latin American region and intended to use the freshly raised capital to expand its business in Mexico.
- In June 2023, Yellow, a new company known for asset financing of solar energy and digital devices in African countries, announced that it had raised US$ 14 million in a Series B financing round. The capital raise was led by Convergence Partners and active participation from other investors. The company had plans to use this newly raised financing to fund its growth efforts across all of Africa.
Efforts to improve solar panel efficiency are also of utmost importance to the solar energy and portable solar charger space. Portable solar charger manufacturers looking to make a debut in this industry should pay attention to these start-ups and use their solutions to create more efficient portable chargers.
- Inoviea, a new company based in India is focusing on enhancing the efficiency of solar panels through its automatic cleansing systems. The company develops a water-less, automated cleaning system for solar panels, which allows them to generate electricity to the best of their capacity.
By developing solar chargers for phones, solar chargers for laptops, solar chargers for drones, and solar chargers for cameras, new companies can milk the most revenue out of their business as people cannot live without their consumer electronics in this digital age even while they are out camping or hiking.
An elaborate account of market aspects such as local supply, pricing trends, product standards, safety regulations, and new developments has been mentioned in this portable solar charger industry study for start-ups to gain a critical understanding of the current and forecasted market scenario.
Which APAC Countries Should Portable Solar Charger Companies Target?
“China, Japan, India, South Korea – Investment-worthy Markets in Asia Pacific”
Developing economies of the Asia Pacific region are focusing on improving access to energy and these efforts are creating moneymaking opportunities for portable solar charger providers. India, China, Japan, and South Korea are estimated to be the leading markets that provide attractive growth scope for established as well as new portable solar charger companies.
Supportive government initiatives and subsidies for solar energy products coupled with rising consumer awareness regarding sustainability are also forecasted to promulgate shipments of portable solar chargers in the aforementioned Asian countries going forward.
How Will Sales of Portable Solar Chargers Fare in Canada?
“Market Benefitting from Rising Popularity of Adventure and Outdoor Activities”
More and more people are getting involved in outdoor activities owing to surging awareness regarding the benefits of physical activities as the adoption of a sedentary lifestyle becomes a mainstream trend. Staying connected while being off-grid is also important in this ever-changing world and this is where portable solar chargers shine as they allow people to power their connectivity devices even in the remotest of locations.
Growing awareness regarding emergency preparedness and an increasing number of people living off-grid and away from city hustle are also projected to result in high sales of portable solar chargers in Canada over the next ten years. Solar chargers for off-grid living, waterproof solar chargers, solar chargers for emergencies, and solar chargers for backpacking are projected to see high demand in the country across the study period.
- Canada’s high growth scope can be attributed to the 30% share of the North American regional portable solar charger market in the global landscape at present.
Why Should Portable Solar Charger Companies Invest in European Countries?
“High Focus on Sustainability and Surging Demand for Renewable Energy”
European countries have been leading the sustainability charge before it was a global thing, and this is what makes them highly lucrative markets for portable solar charger vendors in the long run. People in European countries are already aware of the benefits associated with the use of renewable energy and they prefer products that utilize the same thereby providing a fertile ground for portable solar charger suppliers to work on.
Consumers and governments in European countries are focusing on making the most of renewable energy and slowing down climate change, and this is projected to uplift solar power bank sales through 2033. Germany, Sweden, France, and the United Kingdom are estimated to be prime markets in this region over the study period.
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Preference for Which Type of Solar Panels Will Be High?
“Portable Solar Chargers Popular Since They Feature Monocrystalline Solar Panels”
- Currently, monocrystalline solar panels hold a leading share of the portable solar charger market, accounting for more than 70% in terms of value.
Increase in monocrystalline panel adoption by portable solar charger manufacturers can be projected over the next ten years, owing to substantial research carried out in the solar panels industry. The low cost of monocrystalline panels in comparison with output and efficiency has been observed in the recent past, and this is anticipated to fuel its adoption rate in portable solar chargers.
The switch from polycrystalline panels to monocrystalline panels is estimated to lower the share of polycrystalline solar cells in the portable solar chargers marketplace. However, the decline is expected to be gradual. Polycrystalline-based portable solar chargers are expected to benefit short-term investments in terms of quick returns.
Which Type of Portable Solar Charger Will Be Popular in the Future?
“Backpacks Equipped with Solar Panels to be Most Sought After”
Bulky boxes with solar panel exteriors might be functional but they are not a style statement many would want to make. Besides, carrying a bulky box to power your electronics is as retro as it can get despite the box featuring advanced solar tech. This is where backpacks with solar panels come in as a convenient and stylish solution that is projected to be more in demand in this increasingly style-conscious consumer base.
- In February 2023, GoSun, a company focused on providing solar devices, announced the launch of its new solar-powered backpack. The product was capable of powering and storing all off-grid items that an individual might need in a remote location or in times of an emergency.
Key Segments of Portable Solar Charger Industry Research
By Product Type :
- Small Portable
By Panel Type :
By Panel Size (Wattage) :
- Less than 10W
- 10W to 50W
- More than 50W
By Application :
- Individual Consumers
By Region :
- North America
- Latin America
- FAQs -
How big is the portable solar charger market in 2023?
The global portable solar charger market holds a value of US$ 3.5 billion in 2023.
What is the projected portable solar charger market size for 2033?
By 2033-end, sales of portable solar chargers are projected to reach US$ 13.1 billion.
What is the growth rate of the portable solar charger market?
From 2023 to 2033, portable solar charger sales are forecasted to rise at a phenomenal 14.1% CAGR.
Which are the best portable solar chargers?
BigBlue 5V 28W Solar Charger, Ryno Tuff 21W, and Choetech 19W are some popular portable solar chargers.
Who are the renowned manufacturers of portable solar chargers?
Suntactics, Jackery Inc., Goal Zero LLC, Instapark, Zamp Solar, and Voltaic Systems are key companies in the industry.