Portable Solar Charger Market Share

Global Portable Solar Charger Market Overview:

Portable Solar Charger Market size was valued at USD 0.2 Billion in 2022. The Portable Solar Charger market industry is projected to grow from USD 0.24 Billion in 2023 to USD 0.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.50% during the forecast period (2024-2032). Increasing use of environmentally friendly products, a rise in the use of smartphones, tablets, and other portable electronics, as well as a movement in customer preferences in favor of renewable energy sources, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Portable Solar Charger Market Trends

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  Supportive initiatives by the organizations including international finance corporation is driving the market growth

  
  

The key factors influencing the market for a portable solar charger include supportive initiatives by organisations like the International Finance Corporation, Off-Grid Association, and World Bank on enhancing energy access to those not connected to the electric grid. Increasing adoption of environmentally friendly products, particularly in developed countries like the United States and Germany due to growing awareness about the depletion of energy resources, is expected to increase demand for environmentally friendly products over the forecast period, including portable solar chargers. Due to the increasing usage of smartphones, tablets, and other portable electronic devices as well as a movement in consumer preferences towards sustainable energy sources, there are probably going to be a lot of opportunities for portable solar chargers throughout the projected period.

Growing interest in outdoor pursuits including hiking, cross-country running, and camping as a result of increased awareness of the need of leading a healthy lifestyle is anticipated to fuel the expansion of the portable solar charger market. For instance, hiking comes in fourth place among Americans' favourite sports, behind bike, jogging, and fishing, according to The Outdoor Foundation. According to the data, 44.9 million individuals went trekking in 2017. Over the forecast period, an increase in the usage of off-grid energy resources to enhance the general functionality of rural areas in India and Africa is anticipated to fuel the use of portable solar chargers. In metropolitan parts of Africa, estimates show that at least 110 million people lack access to grid energy. Over the forecast period, encouraging government measures together with rising consumer usage of solar lanterns and other items like batteries, particularly in Africa, are anticipated to drive uptake of these portable chargers.

Even while travelling, electronic devices like tablets, laptops, and cellphones may be charged thanks to solar chargers. The need for portable solar chargers has increased dramatically as a result of people's high reliance on portable power sources. The market for a portable solar charger is expected to increase during the anticipated period due to the increased urbanisation and consumers' growing preference for portable, lightweight electronics. Additionally, it is anticipated that in the future, the portable solar charger market would be driven by consumers' increasing reliance on renewable energy sources over fossil fuels. As they are made from materials that are derived straight from the sun, solar chargers are environmentally safe and non-toxic. Furthermore, the electrical output of the solar charger will grow threefold as a result of recent scientific developments in the fields of nanotechnology and quantum physics. These are expected to favourably fuel the expansion of the market for portable solar chargers. Thus, driving the Portable Solar Charger market revenue.

Portable Solar Charger Market Segment Insights:

Portable Solar Charger Type Insights

The Portable Solar Charger market segmentation, based on type, includes Small Portable Charger, Foldable Portable Charger, Backpack Solar Chargers, and Others. Small portable charger segment dominated the market in 2022. The primary reason driving the market for these chargers is the increasing adoption of solar flashlights, batteries, and other appliances, particularly in India and Africa. In addition, it is anticipated that in the coming years, the use of mobile phones in rural areas around the world will increase, creating growth potential for these sorts.

Portable Solar Charger Component Insights

The Portable Solar Charger market segmentation, based on component, includes Solar Charge Controller, Inverter, and Battery. Solar charge controller segment dominated the market in 2022. This is a result of the rising demand for portable solar chargers.

Portable Solar Charger Application Insights

The Portable Solar Charger market segmentation, based on application, includes Individual and Defense. Individual segment dominated the portable solar charger market in 2022. Due to increased awareness of the depletion of energy supplies, people are now gravitating more and more towards mobile environmental items, such as solar chargers. In order to charge their smartphones, tablets, and GoPro cameras, hikers, mountaineers, and motorcyclists are becoming more and more accustomed to using these portable solar chargers.

Figure 1: Portable Solar Charger Market, by Application, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Portable Solar Charger Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Portable Solar Charger Market dominated this market in 2022 (45.80%). The military is increasingly using portable solar panels to provide electricity access in remote locations, strong government initiatives to provide energy access to people who are not connected to the electric grid, and ongoing projects will all contribute to the market growth in the North American region. Further, the U.S. Portable Solar Charger market held the largest market share, and the Canada Portable Solar Charger market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Portable Solar Charger Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Portable Solar Charger market accounted for the healthy market share in 2022. The expansion of the regional market has been attributed to government initiatives or incentives to promote the switch to solar energy, the increasing use of portable energy-efficient equipment, and the support of rural or isolated areas' access to electricity. Additionally, significant expenditures on R&D for consumer electronics with solar charging capabilities, including as cellphones, refrigerators, wireless headphones, Bluetooth speakers, and others, can contribute to the market's long-term expansion. Further, the German Portable Solar Charger market held the largest market share, and the U.K Portable Solar Charger market was the fastest growing market in the European region

The Asia Pacific Portable Solar Charger market is expected to register significant growth from 2023 to 2032. This is because the government has supported projects to give those who are not connected to the electric grid access to energy. Additionally, during the course of the forecast period, the military is anticipated to increasingly use portable solar panels to enable access to electricity in off-the-grid regions. Moreover, China’s Portable Solar Charger market held the largest market share and the Indian Portable Solar Charger market was the fastest growing market in the Asia-Pacific region.

Portable Solar Charger Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Portable Solar Charger market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Portable Solar Charger industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Portable Solar Charger industry to benefit clients and increase the market sector. In recent years, the Portable Solar Charger industry has offered some of the most significant advantages to medicine. Major players in the Portable Solar Charger market, including Renogy, HQST, Goal Zero, Go Power, Acopower, Voltaic Systems, EMPO-NI off-grid solutions, Anker Innovations Limited, Instapark, Suntactics, X-DRAGON, Powertraveller International Ltd, and IceTech, are attempting to increase market demand by investing in research and development Applications.

A Private Limited Indian Non-Government Company, Ezurja Private Limited (EPL) was established in India on November 8, 2019 (making it three years, seven months old). South Delhi, Delhi, India is where it has its registered office. By offering on-demand mobile charging stations throughout Indian geography, the Corporate is in the business of delivering energy storage and technology-driven energy solutions. By utilising decentralised renewables-generating systems including solar, compressed biogas, and compressed natural gas as a source of energy input in addition to the grid, The EzUrja solution addresses the grid availability limits for EV charging in May 2022.

Powertraveller International Ltd is a British company that specializes in the design, development, and manufacturing of portable power and solar charging solutions. The company was founded in 2004 and has since become a leading provider of innovative, rugged, and reliable power products for outdoor enthusiasts, travelers, and professionals who require off-grid power solutions. Powertraveller offers a wide range of products designed to meet the power needs of various electronic devices, including smartphones, tablets, cameras, GPS devices, and more. Their product lineup includes portable power banks, solar chargers, battery packs, and power-generating devices such as wind turbines and portable folding solar panels.

Key Companies in the Portable Solar Charger market include

• Renogy


• HQST


• Goal Zero


• Go Power


• Acopower


• Voltaic Systems


• EMPO-NI off-grid solutions


• Anker Innovations Limited


• Instapark


• Suntactics


• X-DRAGON


• Powertraveller International Ltd


• IceTech

Portable Solar Charger Industry Developments

April 2022: The US-based C4V, a back-end investor in the EzUrja initiative, was established. It gives the EzUrja chargers lithium-ion cells. A 1.8 GWh plant in New York produces the lithium-ion cells.

May 2019: A solar laptop charging kit with a storage option was introduced by Voltaic System, allowing the business to utilise the products of its rivals.

February 2019: With its lower weight and portability, charger-Lite, a new solar charger from SunTactics that will appeal to more consumers, has just been released.

Portable Solar Charger Market Segmentation

Portable Solar Charger Type Outlook

• Small Portable Charger


• Foldable Portable Charger


• Backpack Solar Chargers


• Others

Portable Solar Charger Component Outlook

• Solar Charge Controller


• Inverter


• Battery

Portable Solar Charger Panel Type Outlook

• Monocrystalline solar charger


• Polycrystalline solar charger


• Hybrid solar charger


• Amorphous solar charger


• Others

Portable Solar Charger Panel Size Outlook

• Less than 10W


• 10W to 50W


• More than 50W

Portable Solar Charger Application Outlook

• Individual


• Defense


• Transportation


• Others

Portable Solar Charger Regional Outlook

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  North America
  
  
  
  • U.S.
  
  
  • Canada
  
  
  
  


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  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America