Rising Adoption of Renewable Energy Source Products to Foster the Portable Solar Charger Demand: says Research Nester

Governments of developed countries are emphasizing on the increase of use of renewable energy products. Rising support from government through various initiatives and policies is boosting the supply of the solar products into the market. Innovation in the technology such as compactness and better efficiency is leading to the wide adoption of portable solar chargers. Further, the investments in R&D of solar chargers have diversified the product portfolio of various companies. Further, these diversified products with different features such as weather resistant, robust, ultra-thin, pocket sized and tablet sized chargers are gaining popularity among end-users.
Global portable solar charger market is anticipated to expand at a significant compound annual growth rate (CAGR) of 13.2% during the forecast period i.e. 2017-2023.
The clamshell solar charger segment is projected to dominate the global portable solar charger by the end of period 2023. The segment is anticipated to expand at a CAGR of 12.2% during the forecast period i.e. 2017-2023. The clamshell solar charger segment is growing on the account of the rising number of electronic gadgets sales such as smartphones, tablets, cameras and others. Further, the rising demand for clamshell solar charger segment is backed by its compact and lightweight design. Moreover, it can be used in areas of adventures and harsh conditions owing to its rugged and waterproof design.
Global portable solar charger is segmented on the basis of product type, end user type and region. Based on the end user, the market is further sub-divided into individual consumers, military application and transportation. With 58.1% share, the individual consumers segment held the largest segment in 2016. Individual consumers segment is further projected to witness the CAGR of 12.4% during the forecast period i.e. 2017-2023.
The report titled “Global Portable Solar Charger Outlook 2023” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of global portable solar charger market which includes profiling of Philips Electronics, Cobra Electronics, SolarTab, Poweradd, Solio, Solar Frontier, Goal Zero, Anker, Suntrica, empo-NI. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Portable Solar Charger Outlook 2023”, analyses the overall global portable solar charger industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in global portable solar charger in near future.