According to a new report, published by KBV research, The Global Solar Charger Market size is expected to reach $1.3 billion by 2030, rising at a market growth of 12.1% CAGR during the forecast period.
The increased awareness of environmental issues, climate change, and the finite nature of traditional energy sources has driven individuals and businesses to explore eco-friendly alternatives. These chargers, harnessing energy from the sun, align perfectly with sustainability principles, making them an attractive choice for environmentally conscious consumers. The ubiquity of smartphones, laptops, tablets, and other portable devices has fueled the demand for convenient charging solutions.
The Folding segment is registering a CAGR of 11.6 % during the forecast period. Folding solar chargers are designed to be highly portable and compact. The ability to fold into a smaller, more manageable size makes them convenient for users on the move, such as outdoor enthusiasts, travelers, and those engaging in recreational activities. The compact design enhances the ease of transportation and storage.
The Portable segment LED the Global Solar Charger Market by Type in 2022; thereby, achieving a market value of $719.3 Million by 2030. Portable solar chargers are valuable tools in educational settings, particularly in regions with limited access to electricity. Students in off-grid schools or those who need to study outdoors can use solar chargers to power electronic devices like e-readers and tablets, enhancing technology access and educational opportunities.
The Consumer Electronics segment is growing at a CAGR of 11.7 % during the forecast period. The modern lifestyle highly depends on mobile devices for communication, work, entertainment, and navigation. Solar chargers offer an eco-friendly alternative to conventional power sources, allowing users to charge their devices wherever they are, reducing reliance on traditional electrical outlets. The increasing tech-savvy consumer base has created a demand for innovative and smart solutions.
Full Report: https://www.kbvresearch.com/solar-charger-market/
The Asia Pacific region dominated the Global Solar Charger Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $820.4 Million by 2030. The Europe region is anticipated to grow at a CAGR of 11% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 11.5% during (2023 - 2030).
By Solar Panel Type
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