The global portable solar charger market revenue is expected to expand at a moderate CAGR over the forecast period. Portable solar charger is used to produce electricity by conversion of solar energy to be used to charge electronic devices.
Increasing adoption and demand for portable solar charger to charge electronic gadgets such as smartphones, tablets, laptops, etc., is a key factor expected to drive growth of the global portable solar charger market over the forecast period. However, high cost of portable solar charger and dependency over sunlight, are factors which may hamper demand and restrain growth of the target market over the forecast period.
The global portable solar charger market report has been segmented on the basis of product type, panel type, and region. On the basis of product type, the target market is segmented into small portable solar chargers, fold out portable solar chargers, and backpack portable solar chargers. On the basis of propulsion type, the target market is segmented into mono-crystalline solar chargers, poly-crystalline solar chargers, amorphous solar chargers, and hybrid solar chargers.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The portable solar charger market in North America is expected to account for highest revenue share in the target market over the forecast period, owing to recent advancements and growing adoption of electronic gadgets and wearable technology in the countries in the region. The Asia Pacific portable solar charger market is projected to witness fastest growth rate in target market over the forecast period. Rapid urbanization coupled with rising disposable income for electronic gadgets, is expected to support growth of the target market in this region.
Key players operating in the global portable solar charger market include Philips Lighting Holding B.V., Cobra Electronics EMEA, Kickstarter, PBC, Solio Solar Battery Products, SOLAR FRONTIER K.K., Goal Zero, Anker Innovations Limited, Poweradd Offcial, Suntrica Oy, and Voltaic Systems.