The North America Solar Charger Market would witness market growth of 11.5% CAGR during the forecast period (2023-2030).
The US market dominated the North America Solar Charger Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $113.3 Million by 2030. The Canada market is experiencing a CAGR of 14% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 13% during (2023 - 2030).
Governments are increasingly recognizing the importance of transitioning to renewable energy sources to mitigate climate change and enhance energy security. Adopting renewable energy legislation, tax credits, and incentive programs have motivated people and companies to use these chargers. These measures make solar technology more economically viable and appealing.
These chargers have become valuable assets in emergency preparedness plans. The ability to generate power independently of traditional grids during power outages or natural disasters adds a layer of resilience to communities and individuals. As a result, the adoption of these chargers has increased in regions prone to frequent power disruptions or those vulnerable to climate-related events.
Canada has set ambitious clean energy transition goals, including targets for reducing carbon emissions and increasing the share of renewable energy in the overall energy mix. These chargers, especially when integrated with smart charging systems, align with these goals by providing a sustainable and efficient solution for electric vehicles. As more Canadians choose electric vehicles for environmental and economic reasons, the demand for smart solar charging systems rises to complement the expanding EV infrastructure. Smart charging systems enable effective integration with the electrical grid, allowing for load management and optimized energy consumption in Canada. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The Solar Charger Market is Predict to reach USD 1.3 Billion by 2030, at a CAGR of 12.1%
Based on Solar Panel Type, the market is segmented into Folding, Fixed, and Flexible. Based on Type, the market is segmented into Portable and Standalone. Based on Application, the market is segmented into Consumer Electronics, Transportation and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Solar Panel Type
By Type
By Application
By Country
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