Portable Solar Chargers Market
Sales Assessment of Portable Solar Chargers Market by Product Type- Foldable Portable Solar Chargers, Small Portable Solar Chargers and Semi Portable Solar Chargers
Adventure Enthusiasts Propel Portable Solar Chargers Sales, Market Growth Pegged at 7.5%
The need for on-the-go usage of solar energy has evolved significantly in the recent past. Consumer spending on expensive battery packs has shifted towards affordable technologies like portable solar chargers. At present, campers account for more than 80% of portable solar charger end-users, and their role is further expected to intensify, owing to 6.4% annual increase in camping population in developed regions.
Adventure and sports enthusiasts looking for convenient, off grid solutions have been driving sales of portable solar chargers. Owing to its image as an economical power alternative, the market for solar portable chargers has witnessed an upsurge in the number of companies entering the portable solar chargers market. These factors project the global portable solar charger market growth at 7.5%, between 2019 and 2029.
North America Races Ahead as Europe and East Asia Present Highest Growth Potential in Portable Solar Chargers Market
Portable solar chargers is a relatively new technology still in nascent stage in multiple regions. North America holds for highest share in portable solar chargers market, accounting for more than 30% in terms of value. Europe presents highest potential for growth with projected growth of 2.2X over current market value, while East Asia is expected to be highly conducive with added business environment benefits like low logistical costs.
In 2019 Jackery inc., one of the market leaders in portable solar chargers market, entered into a partnership with JVCKENWOOD Corporation and launched new portable solar charger accessory ‘Jackery Tuned by JVC’ in Japanese market. This expansion was aimed at exploration of East Asian markets and establishing the company’s presence. Similar regional expansion is expected to benefit companies as well as intensify usage of portable solar chargers in Europe and East Asia.
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Consumer Attraction for Portable Solar Chargers Intensifies as Innovations Abound
One of the key avenues being explored for the portable solar chargers are backpacks equipped with solar panels. Since the conception of solar equipped backpack, consumer attraction towards portable solar chargers has intensified.
A successful crowd funding project by Voltaic Systems for solar panel equipped backpack can be considered as one of the key indicators for the increased popularity of multifunctional solar chargers. The amount received by Voltaic Systems was around double of its capital requirement.
Monocrystalline Solar Panels Account for 70% Share in Portable Solar Chargers Market
Currently monocrystalline solar panels hold a majority share in portable solar chargers market, accounting for more than 70% in terms of value. Further, increase in monocrystalline panel adoption in portable solar chargers market can be expected during forecast period, owing to substantial research carried out in solar panels industry.
Decrease in price of monocrystalline panels in comparison with output and efficiency has been observed in the recent past, and is expected to fuel adoption rate of portable solar chargers. The switch from polycrystalline panels to monocrystalline panels is expected to lower the share of polycrystalline solar cells in portable solar chargers market. 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.
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Vertical Integration Remains a Prominent Strategy for Portable Solar Charger Manufacturers
Portable solar chargers market is highly fragmented, with top players accounting for 20% of the market share. Majority of key players in portable solar charger market like Suntactics, Goal Zero LLC, and Powertraveller International Ltd are working as subsidiaries of top organizations in energy sector.
Other market leaders like Jackery Inc. and GigaWatt Inc. have concentrated on establishing partnerships with market leaders in battery and related technologies to integrate and optimize their existing portfolios. Movements of other players for similar partnerships are aimed at providing additional functionalities and revamping existing portfolio.
- In 2018, Jackery inc. formed partnership with Honda for Lithium Power License Deal. The deal includes offering of new lightweight portable power station with lithium battery technology
- In February 2019, Suntactics started production of sCharger-Lite, which is compact and weighs 5.6oz, and has power output of 5.1V.
- In 2019, Zamp Solar launched a new solar panel system called the ‘Obsidian Series’. The series is designed to be thin and durable, 30% lighter and with a 25 year output warranty
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Global Portable solar chargers Market: Segmentation
Segmentation table of the global portable solar chargers market has been provided below on the basis of Product, Panel Type, Panel Size and Region
|Panel Size (Wattage)||
Global Portable Solar Chargers Market: Scope of the Report
The portable solar chargers market is anticipated to observe a significant growth in the forecast period of 2019 to 2029, according to the Fact.MR study. The study propounds key trends that are currently shaping the growth of the portable solar chargers market. This newly published and insightful report sheds light on the key dynamics, which are expected to transform the future of the portable solar chargers market. This, in turn, is creating flourishing avenues for prominent companies as well as emerging players associated with the manufacturing of portable solar chargers.
The portable solar chargers market study is a sinuous market intelligence on the key drivers, challenges, industry trends and opportunities, which is likely to influence growth trajectory of the portable solar chargers market. The report initially imparts an overview of the portable solar chargers market, considering current and future prospects in the growth, to unveil attractive facets pertaining to the adoption of portable solar chargers across key regional markets.
An in-depth assessment on few of the portable solar chargers manufacturers offered in the report enables the report readers to gain detailed insights that are derived from portable solar chargers manufacturers across regional markets. A list of key companies operating in the portable solar chargers market provided in the report adds to the credibility of this exhaustive research study.
Global Portable Solar Chargers Market: Opportunity Analysis
The report offers a detailed study on different factors influencing demand, sales, and revenue generation in the portable solar chargers market around the world. The opportunity analysis included in the report is beneficial for readers to better understand opportunities in the solar panels market, which in turn, is likely to trigger the adoption of portable solar chargers.
An elaborated cost structure analysis provides the report with an innate completeness, and analysis offered on the cost structure involves all the regional markets incorporated.
A detailed forecast on the global portable solar chargers market has also been offered by experts, who have categorized market forecasts into a likely scenario, a conservative scenario, and an optimistic scenario regarding adoption and involvement of the global market during the forecast period. Analysis and assessment of price point by region has also been included in this study. The study also exerts details on aspects impacting strategies of manufacturers within the global portable solar chargers market.
Global Portable Solar Chargers Market: Analysis on Market Size Evaluation
Market valuation at the global and regional scale for the global portable solar chargers market is offered in terms of “US$ Thousand” A Y-o-Y growth comparison on the key portable solar chargers market segments, along with the market attractiveness assessment quantifies insights delivered in the report.
Metrics mentioned above are also tracked based on consumption across several regions where portable solar chargers is witnessing a growing demand.
Global Portable Solar Chargers Market: Scrutinized Assessment on Regional Segments
Weighted chapters have been included in the report on the global portable solar chargers market, which imparts a forecast on the regional markets recognizing the regional macros (business, economic and political environment outlook), which are expected to have an impact on the growth of the global portable solar chargers market in the near future.
Country-specific assessment on the demand for portable solar chargers has also been provided for each regional market, along with the market size valuation, price point assessment, price index, and impact analysis of key regional and country-wise dynamics. Y-o-Y growth projections have also been offered on all regional markets that are incorporated in the report.
Global Portable Solar Chargers Market: In-depth Analysis on Competitive Landscape
The report concludes with a weighted chapter on the competition landscape considering up-to-date and essential developments related to market players, who are predominantly engaging in the production and distribution of portable solar chargers, along with company’s strategies, identification, and analysis.
Market share comparison and analysis of these market players offered in the report enables readers to devise strategies for their businesses.
The intensity mapping of the market players operating in the global portable solar chargers market provides readers with actionable intelligence, which helps in understanding the current market status and prospects determining the competition levels in the global portable solar chargers market.
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