In recent years, thePortable Solar Chargers Market is use of solar energy on the road has grown increasingly important. Consumers’ preference for low-cost options such as portable solar chargers has shifted away from costly battery packs. Campers already account for more than 80% of portable solar charger users, and this figure is expected to climb as the number of campers in developed countries increases by 6.4% every year.
Outdoor and sports enthusiasts seeking practical, off-grid alternatives have propelled sales of portable solar chargers. As a consequence of its reputation as a cost-effective power source, the number of enterprises entering the portable solar charger industry has expanded. Because of these factors, the portable solar charger market is predicted to grow by 7.5 percent between 2023 and 2030.
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Consumer Interest in Portable Solar Chargers Increases Due to Numerous Innovations
One of the primary development avenues for portable solar chargers is backpacks with solar panels. Since the development of the solar-powered backpack, consumer interest in portable solar chargers has skyrocketed.
The success of Voltaic Systems’ crowd funding effort for a backpack with solar panels is one of the most visible indicators of the rising acceptability of multifunctional solar chargers. Voltaic Systems obtained approximately twice as much investment as the firm need.
Competitive Landscape:
The market for portable solar chargers is highly fragmented, with the top competitors accounting for 20% of the industry. Most of the key players in the portable solar charger market, including Suntactics, Goal Zero LLC, and Power Traveller International Ltd., are subsidiaries of large energy firms.
Other industry players, such as Zackery Inc. and Gigawatt Inc., have concentrated on forming alliances with companies in the battery and adjacent technology areas in order to integrate and strengthen their present portfolios. Other players are pursuing similar partnerships in order to introduce new features and update the present portfolio.
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Regional Analysis:
Portable solar chargers are a relatively recent concept that is still in its early stages in many parts of the world. North America has the greatest market share in terms of value for portable solar chargers, accounting for more than 30% of the total. Europe has the greatest development potential, with a 2.2X rise in market value, while East Asia is likely to be very favorable due to its favorable business climate and low logistical costs.
Zackery Inc., a market leader in portable solar chargers, collaborated with JVCKENWOOD Corporation in 2019 to launch a new portable solar charger accessory dubbed “Zackery Tuned by JVC” in the Japanese market. This expansion was aimed to broaden the company’s presence and expand into East Asian markets. Similar regional expansion
Key Segments of Industry:
- Product Type
- Foldable
- Small Portable
- Semi Portable
- Panel Type
- Monocrystalline
- Polycrystalline
- Others
- Panel Size (Wattage)
- Less than 10W
- 10W to 50W
- More than 50W
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