Portable Solar Charger Market Size, Share, Opportunities, And Trends By Type (Panel-Only Charger, Panel With Integrated Battery Charger, Panel With Detached Battery Charger), By Panel Type (Monocrystalline, Polycrystalline), By Application (Traveling, Camping & Hiking), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061615388
- Pages : 137
The global portable solar charger market is estimated to grow at a CAGR of 16.45% during the forecast period.
A portable solar charger is a device that converts solar energy into electrical energy, which can be used to charge electronic devices such as smartphones, tablets, and laptops. These chargers typically consist of a solar panel, a battery, and one or more USB ports for charging devices. Portable solar chargers are convenient for outdoor activities such as camping, hiking, and travelling, where access to electrical outlets may be limited. They can also be useful in emergencies, such as power outages. The different portable solar chargers include panel-only chargers, panels with integrated battery chargers, and panels with detached battery chargers. The growing outdoor activities such as hiking, camping, and travelling are major driving factors for the market growth. In contrast, the surge in the need for power in areas where electrical outlets are not readily available, coupled with the convenience, sustainability, and environmental benefits, are acting as additional driving factors.
The surge in travelling, camping, and hiking activities is boosting the portable solar charger market.
Travelling, camping, and hiking activities have become increasingly popular in recent years, with more people seeking outdoor adventures and the opportunity to disconnect from the digital world. There has been a growing demand for portable solar chargers as individuals look for ways to power their electronic devices while on the go. Many travellers are looking for ways to reduce their environmental impact while exploring new places, and portable solar chargers provide a convenient and sustainable way to keep electronic devices charged without relying on traditional power sources. In addition, the rise of remote work and digital nomadism has created a demand for portable solar chargers as individuals look for ways to stay connected while working remotely from outdoor locations. The growing popularity of outdoor activities like hiking, camping, and sustainable travelling is boosting the demand for portable solar chargers. According to the World Travel and Tourism Council (WTTC), in 2022, 7.6% of the world's GDP came from the travel and tourism industry, a growth of 22% from 2021, and expenditure by domestic visitors climbed by 20.4%, while expenditure by foreign visitors increased by 81.9%. According to the India Brand Equity Foundation (IBEF), in 2021, the travel and tourism sector contributed US$ 178 billion to the GDP of India, and by 2028, this is anticipated to rise to US$ 512 billion. According to the Outdoor Industry Association (OIA), in 2020, 57.8 million Americans aged six and over participated in hiking, an increase from 49.6 million in 2019. This illustrates portable solar chargers hold a great demand in the future.
North America is expected to hold a significant market share throughout the forecast period.
The North American region will account for a major market share due to the growing interest in outdoor activities such as camping, hiking, and travelling, investment in clean energy solutions, growing sustainable tourism, and technological innovation. In 2019, the Mexican government introduced the" National Development Plan 2019-24" to promote the balanced development of tourist destinations by developing new tourism development projects and forming tourist attraction clusters. It sanctioned an amount of MXN 885 million for the Ministry of Tourism. In 2020, the government of Canada’s arm, "Parks Canada," started taking reservations for camping in Banff National Park as national parks are great summertime attractions. Such developments will boost the demand for portable solar chargers for charging electronic devices during outdoor activities, propelling regional market growth.
- Portable 5V/2A 10W USB Solar Charger: Such portable solar charger by Flexsolar is designed to charge phones, power banks, and rechargeable USB devices anywhere there is sunlight; with an ultra-slim and foldable design, thoughtful hooks, and carabiners, the solar phone charger with 10W USB output is lightweight and backpack-friendly.
- sCharger-5: This portable solar charger provided by Suntactics supports almost all USB devices, including all the latest iPhones, Samsung phones, and most all power banks, and to attain these results, the sCharger-5 should be within 30 degrees of direct sunlight.
- SOLAR ADVENTURER II: The product by Powertraveller International Ltd. provides an integrated 10000mAh battery and is capable of charging most 5V electronic devices, including smartphones, action cameras, smartwatches, and more, with a bi-directional 18W PD USB-C port, and battery can be charged without using the panel making it a versatile, portable charger.
Portable Solar Charger Market Scope:
|Growth Rate||CAGR of 16.45% from 2021 to 2028|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Panel Type, Application, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Flexsolar, GoSun, Powertraveller International Ltd., Sunslice, Suntactics|
|Customization Scope||Free report customization with purchase|
- By Type
- Panel-Only Charger
- Panel With Integrated Battery Charger
- Panel With Detached Battery Charger
- By Panel Type
- By Application
- Camping & Hiking
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. PORTABLE SOLAR CHARGER MARKET BY TYPE
5.2. Panel-Only Charger
5.3. Panel With Integrated Battery Charger
5.4. Panel With Detached Battery Charger
6. PORTABLE SOLAR CHARGER MARKET BY PANEL TYPE
7. PORTABLE SOLAR CHARGER MARKET BY APPLICATION
7.3. Camping & Hiking
8. PORTABLE SOLAR CHARGER MARKET BY GEOGRAPHY
8.2. North America
8.2.1. United States
8.3. South America
8.4.1. United Kingdom
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.3. Powertraveller International Ltd.
Powertraveller International Ltd.
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