Portable Solar Generators Market Size, Share, Opportunities And Trends By Application (Battery Backup, EV Charging, Power Supply, Others), 3D Wafer-level Packaging), By End User (Residential, Automotive, Consumer Electronics), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061614415
- Pages : 138
A power station and a solar panel make form a portable solar generator. The solar panel captures and processes solar energy, whereas the power plant stores energy in batteries. The majority of solar generators are used for boating, RV camping, and as backup power in an emergency. Power can be provided by the solar generator for emergency preparedness or unforeseen circumstances. A portable solar power generator is necessary for outdoor activities like hiking and camping. According to a report from the World Meteorological Organization (WMO) and UN Office for Disaster Risk Reduction, more natural disasters have occurred over the past 50 years as a result of climate change and increasingly extreme weather events, and poorer countries have been disproportionately affected (UNDRR). Due to these calamities, there are power cuts and transfer of power networks are gets broken which creates a market growth for the use of portable solar generators and tend to increase the market growth.
The increase in power outages will boost the portable solar generators market growth
The main causes of power disruptions are poor weather and natural disasters. Natural weather events including lightning, rain, snow, ice, wind, floods, and severe storms are typically to blame for power outages or blackouts. Such natural calamities interrupt the regular flow of electricity, leading to significant faults or failures in the power infrastructure. Residential users thus rely on generators as a backup power supply. Demand for portable solar power generators has increased as a result of ongoing power needs and unstable power supply conditions. According to the Office for the Coordination of Humanitarian Affairs (OCHA) of the United Nations, there were an astounding 315 natural disasters in 2018, which resulted in close to 12,000 fatalities worldwide.
Also, in 2021 according to World Meteorological Organization (WMO) and UN Office for Disaster Risk Reduction (UNDRR) these natural catastrophes caused 50% of all disasters, 45% of all recorded fatalities, and 74% of all reported economic losses between 1970 and 2019. Over 11,000 documented disasters with slightly over 2 million fatalities and $3.64 trillion in damages were ascribed to these dangers globally. More than 91% of the fatalities took place in underdeveloped nations. This has rapidly destroyed the networks of power and caused blackouts around the globe which give rise to the market growth for Portable solar generators till the time the calamities are they’re around the globe certainly the portable market will grow only as the natural calamities cannot be stopped and will tend to occur.
The decrease in stable power supply will boost the portable solar generators market growth.
One of the major trends in the portable solar generator industry is the inadequate, unreliable, and intermittent power supply in developing and undeveloped nations. This lack of access to the power supply in certain nations creates the demand for portable solar generators. According to the “The Energy Progress Report" published in 2022, the International Renewable Energy Agency (IRENA) said that over 840 million people worldwide lack access to electricity. According to the estimate, 650 million people will still be without power in 2030. Remote locations in impoverished places, like sub-Saharan Africa, where a staggering 573 million people live without power, provide a particularly difficult problem. Portable generators may be incredibly helpful in such a terrible situation, not only by supplying energy to remote locations but also by significantly improving the quality of life for the poor, which is encouraging for the portable solar generator market leading to market growth.
During the forecast period, North America tends to grow in the portable solar generators market
North America is expected to lead the market for portable solar generators due to the region's growing environmental awareness, government support, and declining solar panel prices. The research claims that 10.6 GW of solar PV became operational in 2018 as a result of federal tax incentives and state-level legislation, which also improves consumer views of solar-powered based generators and helps the expansion of the market in this field (source: https://www.iea.org/). Additionally, as self-consumption has advantageous economics, distributed PV is in demand, which enhances the prognosis for portable solar generators.
A further driver of development in North America is an increase in camping, where portable solar generators are the primary and most common source of electricity. Because camping has become more popular in North America, sales of portable solar energy will rise along with it. The number of active camper households climbed from 71,500,000 to 86,100,000 between 2014 and 2020, or by almost 20%, citing the Northern American Camping Report 2021. This study estimates that 48 million families will go camping in 2020, an increase of roughly 6 million from 2019. A bigger proportion of these households will go camping three or more times. This certainly shows that camping is followed in large numbers in North America, making it a growth market for portable solar generators.
Market Key Developments.
- In January 2023, at CES 2023, Jackery will debut the Solar Generator 1500 Pro and the Explorer 1500 Pro Power Station. At the start of 2023, Jackery launched three new goods to its "Pro" collection.
- In April 2022, EMP Shield and Inergy announced their collaboration which involved the development of the first and only EMP-proof portable generator involvinh EMP’s shield and Inergy’s flex platform.
- In March 2022, Vanpowers, a portable solar storage solutions producer, introduced its new AC10 600 and SP100 solar power stations and solar panel. With a total rated wattage of 600W, a lifespan of up to 2000+ cycles, and the ability to run both low- and high-power devices, the AC10 600 is a portable solar power station. The foldable, robust, and portable SP100 solar panels are made of grade A monocrystalline silicon.
- By Application
- Battery Backup
- EV Charging
- Power Supply
- By End-user
- Consumer Electronics
- By Geography
- North America
- South America
- Middle East and Africa
- Suadi Arabia
- Asia Pacific
- South Korea
- North America
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
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. PORTABLE SOLAR GENERATORS MARKET ANALYSIS, BY APPLICATION
5.2. Battery Backup
5.3. EV Charging
5.4. Power Supply
6. PORTABLE SOLAR GENERATORS MARKET ANALYSIS, BY END-USER
6.4. Consumer Electronics
7. PORTABLE SOLAR GENERATORS MARKET ANALYSIS, BY GEOGRAPHY
7.2. North America
7.3. South America
7.5. Middle East and Africa
7.5.1. Suadi Arabia
7.6. Asia Pacific
7.6.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Jackery Inc
9.2. Aton Solar
9.5. GOAL Zero LLC
9.9. SR Portables
9.10. Mobile Solar
GOAL Zero LLC
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