Global Solar Cell Phone Charger Market- Description
Solar cell phone chargers are used to charge cell phone batteries using solar panels. These chargers are equipped with the ability to convert solar energy into electronic energy to charge cell phones without consuming main electricity. Users can plug the USB cable from the charger into their phones and flip the charger so as to make the small solar panels face the sun. Post which they need to find the cell phone signal, place the entire setup on a stump, and them wait for their phone to be fully charged.
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Global Solar Cell Phone Charger Market- Overview
The global solar cell phone charger market is expected to reach a valuation of USD 5.1 billion in 2030 from USD 946 million in 2021. Due to various growth inducing factors, the industry is reckoned to amplify with a CAGR of 18.7% over 2022-2030.
The increasing smartphone adoption across the globe and growing environmental cognizance of the masses are primarily augmenting the outlook of this business vertical.
Also, rising R&D activities in the field, surging disposable income of the masses, and widespread technological innovations in the field are creating lucrative opportunities for the marketplace to prosper.
Moreover, surging government initiatives to encourage the use of sustainable energy sources is adding momentum to the expansion of this industry sphere.
Besides, growing concerns regarding fossil fuel depletion coupled with increasing focus of market players to develop and launch efficient products in the field are aiding the expansion of this business place.
On the downside, high costs pertaining to these chargers is hindering the remuneration scope of this industry vertical.
Global Solar Cell Phone Charger Market- Key trends
Growing environmental cognizance of the masses to bolster market growth
There has been a steep rise in the environmental cognizance of the masses across the globe. This is powered by the rising instances of fossil fuel depletion, misuse of non-renewable energy sources, and increasing global warming concerns. Individuals are shifting towards the adoption of sustainable products like solar chargers that pose lower environmental threats and are easily available in nature.
Rising government efforts to encourage the adoption of eco-friendly energy sources to fuel industry expansion
The governments of various nations are taking effective measures to save non-renewable energy sources like fossil fuels. They are encouraging the masses to adopt sustainable power sources for the fulfilment of the daily technology needs. Several nations have joined hands to free the world from the risk of global warming, while saving natural resources for the future generation. This in turn has elevated the demand for solar chargers due to their energy efficient nature.
Global Solar Cell Phone Charger Market- Segmental assessment
By Panel Type
• Ordinary Type
• Lighting Function Type
• Voltage Adjustable Type
By Application
• Mobile Phone Charging
• Digital Camera Charging
• MP3 Charging
• Other
By End User
• Individual Consumers
• Defense
• Transportation
• Others
The individual consumers segment is expected to amass notable gains over the stipulated timeline ascribing to the increasing environmental cognizance and disposable oncome level of the masses.
Global Solar Cell Phone Charger Market- Geographical landscape
The major regions constituting the geographical ambit of this business vertical are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to capture a substantial revenue share over 2022-2030. This is attributable to the rising environmental concerns among the masses, surging income levels, and growing technological innovations in the field.
Global Solar Cell Phone Charger Market- Competitive hierarchy
The prominent players defining the competitive terrain of this industry are Renogy, HQST (Canada), Goal Zero (US), Go Power (Canada), Acopower (US), Voltaic Systems (US), EMPO-NI off-grid solutions (Germany), Anker Innovations Limited (US), Instapark, Suntactics (US), X-DRAGON, Powertraveller International Ltd (UK), and IceTech.
Notably, in February 2019, SunTactics announced the launch of its new solar changer range named Lite. This charger is gaining high market traction owing to its portability and light weightiness.
Report scope
Global Solar Cell Phone Charger Market: Historical Trends- 2018-2021
Global Solar Cell Phone Charger Market: Forecast Years- 2022-2030
Global Solar Cell Phone Charger Market 2021- USD 946 million
Global Solar Cell Phone Charger Market 2030- USD 5.1 billion
Global Solar Cell Phone Charger Market CAGR- 18.7%
Key segments reported-
• By Panel Type (Ordinary Type, Lighting Function Type, and Voltage Adjustable Type)
• By Application (Mobile Phone Charging, Digital Camera Charging, MP3 Charging, and Other)
• By End User (Individual Consumers, Defense, Transportation, and Others)
Major regions and countries covered-
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Argentina, and Colombia)
• Europe (Germany, U.K., France, Italy, Spain, and Russia)
• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Renogy, HQST (Canada), Goal Zero (US), Go Power (Canada), Acopower (US), Voltaic Systems (US), EMPO-NI off-grid solutions (Germany), Anker Innovations Limited (US), Instapark, Suntactics (US), X-DRAGON, Powertraveller International Ltd (UK), and IceTech.
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Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post sales analyst support
