Global Portable Solar Charger Market by Product (Foldable, Backpack, Small Portable), by Application (Defense, Individual) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global market for portable solar chargers was worth USD 433.8 millions. The market for portable solar chargers is driven by support from organizations like the International Finance Corporation, Global Off-Grid Association and World Bank.

In the coming years, there will be a rise in demand for eco-friendly products such as portable solar chargers, especially in developed countries like the U.S.A and Germany. The forecast period will see a lot of demand for portable solar chargers due to the increasing penetration of smartphones, tablets and other portable electronic devices.

The market for portable solar chargers is expected to grow because of rising awareness about the importance of outdoor activities like hiking, Cross Country Running, Camping, and other healthy lifestyle choices. According to The Outdoor Foundation, hiking ranks fourth in popularity, after running, biking and fishing. According to the report, 44.9 millions people hiked in 2017.

Over the forecast period, portable solar chargers will be more popular as India and Africa continue to increase their use of off-grid power resources. The statistics show that at least 110 million Africans live without electricity access in urban areas. These chargers will be popularized by the government through supportive policies and increased penetration of solar lanterns, as well as other products, particularly in Africa.

Product Insights

In 2018, the market leader was the small, portable solar charger. These chargers are being increasingly popularized due to the increasing use of solar torch, batteries and other appliances in India and Africa. These chargers will see growth opportunities due to the increasing use of mobile phones in rural parts of the globe.

Forecasts show that the foldable solar charger will grow at a 22.0% CAGR over the next five years. These chargers are lightweight and easy-to-carry, which is why they are becoming so popular with military personnel and civilians. The governments of India and the U.S. are also expected to increase their use of off-grid sun power to provide electricity to outdoor troops. A foldable solar charger is also expected to be in demand due to the increased use of electronic equipment within the defense sector.

Application Insights

In 2018, the individual application segment accounted for a dominant share of 69.5%. People are shifting to eco-friendly, on-the-go products in the current age, such as solar chargers, due to increasing awareness about the diminishing supply of energy resources. These portable solar chargers have been gaining popularity with hikers, mountaineers and bikers for charging their phones, tablets and GoPro cameras. India is seeing a rise in the number of bike trips.

To further their passion for riding, the number of bikers who travel around the world is constantly increasing. Many tour operators have begun to offer riding tours outside of India as a result. Many bike manufacturers host tours abroad to promote their products. Outdoor activities like hiking and mountaineering, particularly in Europe and the U.S., are on the rise. Companies have created a solar backpack that is equipped with a charger to meet their energy needs. These trends will likely encourage the adoption of solar portable chargers in the future.

From 2019 to 2025, the defense application market is expected to grow at a 21.8% CAGR. The government's support for increasing solar power to power large military buildings and remote troops and equipment has contributed to this segment's growth. The changing climate has led to the U.S. military shifting towards renewable energy sources, including solar energy. In 2012, the Marine Corps' Renewable Sustainable Expeditionary Power Program announced a plan to create a portable alternative energy system capable of providing a supply of 15 days of electricity in the field, without any fuel convoys and airdrops. The United States is also shifting to renewable energy sources in an effort to reduce its dependence on oil. These initiatives will likely increase the use of solar chargers during the forecast period.

Regional Insights

Due to increasing product visibility in India, Bangladesh and Indonesia, the Asia Pacific was the largest regional market. India was the largest market share due to its support for the provision of energy access to those who are not connected to the grid. These portable chargers will see growth opportunities due to the increased adoption of portable solar panels by the military for electricity access in remote areas.

Africa and the Middle East are expected to grow at a 23.3% CAGR between 2019-2025. Diverse government agencies, including the World Bank, International Finance Corporation and Global Off-Grid Association, have taken supportive measures to offer off-grid solar energy. Around 130 million devices have been sold worldwide by the off-grid sector since 2010. These organizations have provided subsidies for the lanterns, torch, solar batteries, and flashlights. The market for solar portable chargers will grow as mobile phones continue to penetrate the African market.

Research on the Portable Solar Charger Market

Global market is extremely competitive. There are many strategic activities that can be done to identify the market, such as mergers and acquisitions, product innovation, and expansions. These actions have been attempted by major manufacturers within the industry. NRG bought Goal Zero in August 2014 to increase its market share. The market is dominated by Goal Zero, Voltaic Systems Systems and EMPO-NI off-grid options, Anker Innovations Limited. Suntactics. X-DRAGON. Renogy. Powertraveller International Ltd.. and IceTech, USA.

Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at both the country and global levels. It also provides analysis of industry trends for each sub-segment from 2015 to 2025. Up Market Research has divided the global portable solar charger market on the basis of product, region, and application.

• Product Outlook (Revenue USD Million, 2015-2025)

  • Small portable

  • Foldable

  • Backpack

• Application Outlook (Revenue USD Million, 2015-2025)

  • Individual

  • Defense

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa

Up Market Research published a new report titled “Portable Solar Charger Market research report which is segmented by Product (Foldable, Backpack, Small Portable), by Application (Defense, Individual), By Players/Companies Backpack, Small Portable, Foldable, Product Outlook (Revenue USD Million 2015 - 2025)Small PortableFoldableBackpack”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Portable Solar Charger Market Report Segments:

The market is segmented by Product (Foldable, Backpack, Small Portable), by Application (Defense, Individual).

Portable Solar Charger Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Portable Solar Charger Market

Overview of the regional outlook of the Portable Solar Charger Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Portable Solar Charger Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Portable Solar Charger Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Foldable

                2. Backpack

                3. Small Portable

                1. Defense

                2. Individual

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Portable Solar Charger Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Portable Solar Charger Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.