Portable Wind Turbine Charger Market Size, Share, Opportunities, And Trends By Application (Electronics Charging, Offgrid Power Supply), By End-User (Travellers & Campers, Offgriders), And By Geography - Forecasts From 2023 To 2028
- Published : Mar 2023
- Report Code : KSI061614547
- Pages : 135
A portable wind turbine charger is a compact, inexpensive, lightweight turbine that may be used to produce power in locations with limited or no utility grid connectivity. For homes that wish to produce their power, portable wind turbines are a fantastic choice. A portable wind turbine charger is necessary for outdoor activities like hiking and camping by the households. 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 the transfer of power networks are gets broken which creates market growth for the use of portable wind turbine chargers. According to IRENA (International Renewable Energy Agency, the installed wind energy capacity globally has increased dramatically, from 180,846 MW in 2010 to 622,408 MW in 2019 which shows a trend in the potential growth of the portable wind turbine charger market.
The increase in camping activities will boost the portable wind turbine charger market growth
The growing popularity of camping and hiking activities throughout the world is a driving force in the portable wind turbine market. The wind turbine is portable and can be taken for camping or hiking to provide power in remote regions such as mountains and villages where electricity is not accessible. These portable turbines may be used to charge electrical gadgets while camping or to supply power for lighting at night. Portable wind turbines are convenient to transport on hikes and camping holidays. According to the Ministry of foreign affairs of Europe, it states that walking tourism is frequently seen as a gentle adventure, a leisurely pace, or a specific interest activity that falls within the adventure tourism and/or nature-based tourism categories. Due to tourists' increased desire for escapism, meaning, once-in-a-lifetime experiences, active lives, and adventure-filled vacations, adventure tourism is predicted to expand by 13.3% between 2019 and 2026, making it the fastest-growing industry worldwide. This estimates that the market for walking tourism is anticipated to have great potential which will boost the market for portable wind turbines globally.
The decrease in stable power supply will boost the portable wind turbine charger market growth.
One of the major trends in the portable wind turbine charger 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 wind turbine chargers. 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. As per the same source, the estimate states that around 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 wind turbine chargers may be incredibly helpful in such a terrible situation, not only by supplying energy to remote locations using off-grid lines but also by significantly improving the quality of life for the poor, which is encouraging for the portable wind turbine charger market growth.
During the forecast period, North America is expected to grow the market
North America is expected to lead the market for portable wind turbine chargers due to the region's growing environmental awareness and government support and increase in travel and camping, where portable wind turbine charger is the primary and most common source of electricity for charging electronics and lightings. Camping has become more popular in North America, which will drive the sales of portable wind turbine chargers. According to the Northern American Camping Report 2021, The number of active camper households climbed from 71,500,000 to 86,100,000 between 2014 and 2020, or by almost 20%. As per the same source, the study estimates that 48 million families will go camping in 2020, an increase of roughly 6 million from 2019 which shows 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 wind turbine chargers.
Market Key Developments.
- In June 2021, Aurea Technologies launched its Kickstarter campaign for the Shine Turbine, an incredibly small, light wind turbine that provides unmatched performance for outdoor enthusiasts that require electrical device recharging. Many items like phones, tablets, lamps, cameras, and other portable gadgets may all be readily powered by Shine Turbine.
Portable Wind Turbine Charger Market Scope:
|Growth Rate||CAGR during the forecast period|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Application, End-user, and Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||Aurea Technologies Inc., Seaformatics Systems Inc., Texenergy, WindSoleil|
|Customization Scope||Free report customization with purchase|
- By Application
- Electronics Charging
- Offgrid Power Supply
- By End-user
- Travellers & Campers
- 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 WIND TURBINE CHARGER MARKET ANALYSIS, BY APPLICATION
5.2. Electronics Charging
5.3. Offgrid Power Supply
6. PORTABLE WIND TURBINE CHARGER MARKET ANALYSIS, BY END-USER
6.2. Travellers & Campers
7. PORTABLE WIND TURBINE CHARGER 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. Aurea Technologies Inc.
9.2. Seaformatics Systems Inc.
Aurea Technologies Inc.
Seaformatics Systems Inc.
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