The recent past has witnessed a significant surge in the adoption of sustainable technology. Consumer preference for for long term durability and usage of on-the-go technologies has fueled adoption of portable solar chargers. North America continues to lead in the demand for portable solar chargers, accounting for more than 30% of the market share. The trade war between United States and China has gnawed into profits of domestic as well as foreign portable solar charger manufacturers. However, market is expected to show a northward trend, due to substantial increase in demand from adventure seeking millennials and Generation Z. While Europe and North America can be construed as established markets for portable solar chargers, significant is expected in later half of forecast period.
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Key Takeaways from the Portable Solar Charger Market
- North America accounts for 1/3rd stake in portable solar chargers market, and is expected to present a gradual growth trend. The trade war with China has affected raw material inflow like solar panels for portable solar chargers for United States based manufacturers.
- Asia Pacific region is expected to present nearly 2X growth over value in 2019. Growth trend in East Asia is expected to be higher than in South Asia.
- European Union still remains at the forefront for solar power adoption and is expected to show substantial growth in demand for portable solar chargers.
- Monocrystalline solar panels are expected to govern portable solar chargers for regions in growth stage like North America and Europe. In global portable solar chargers market, share lost by polycrystalline solar panels is captured by monocrystalline solar panels.
- Polycrystalline panels in portable solar chargers are projected to portray a bearish trend, similar to its erstwhile historical decline.
- Foldable segment of portable solar chargers is a leading segment in terms of value. However, small portable solar chargers lead the market in terms of volume.
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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
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Crucial insights in the Portable Solar Chargers Market research:
- Underlying macro- and microeconomic factors impacting the growth of the Portable Solar Chargers Market Basic overview of the Portable Solar Chargers Market including market definition, classification, and applications.
- Scrutinization of each Portable Solar Chargers Market player based on mergers & acquisitions, R&D projects, and product launches.
- Adoption trend of Portable Solar Chargers Market across various industries.
- Important regions and countries offering lucrative opportunities to Portable Solar Chargers Market stakeholders.
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