Global Solar Battery Charger Market 2016-2020

Outlook of the global solar battery charger market

Technavio’s analyst predicts the global solar battery charger market to grow with an impressive CAGR of more than 13% during the forecast period. With the rapidly increasing use of electronic devices, the market for solar battery charger will have a positive outlook until the end of 2020. An expanding population and rapid industrialization have increased the demand for power globally, resulting in a major demand-supply gap. Moreover, the last decade saw a sharp rise in the use of gadgets and other portable electronic devices. According to the US Department of Energy, the average electricity expenditure of an American household is close to USD 1500 annually, of which 10% goes into recharging products. Solar chargers help meet the needs of a household while minimizing the dependency on conventional sources of electricity. Also, these chargers can be used in the event of a power outage or an emergency. The wide application of solar battery chargers in telecommunications and automobile industries will propel the prospects of growth of this market during the forecast period.

The recent advances in technology in the development of solar battery chargers is expected to contribute to the market growth during the forecast period.  Manufacturers are looking to improve the quality of charge controllers, value-added features, and designs of solar battery chargers. These developments will not only lead to a reduction in operating cost but will also help these chargers deliver better quality and cleaner battery power.

End-user segmentation and analysis of the solar battery charger market

• Individual consumers
• Transportation
• Military application

During 2015, the individual consumer segment dominated the market with a market share of around 65%. Factors like the augmented usage of electronic devices and an increase in the time spent outdoors will bolster the growth of this market segment over the forecast period. Moreover, the increasing need for reliable chargers that do not depend on the main power supply will aid in the growth of this market segment.

Geographical segmentation and analysis of the solar battery charger market

• Americas
• APAC
• EMEA

In this market report, the analysts have estimated the Americas to be the largest market for solar battery charger during the forecast period. The US, Canada, Brazil, and Chile are the major revenue contributors in the region. Factors like the rising price of electricity will propel the market for solar battery chargers. With increasing government support for solar powered products, the market for the solar battery charger in the Americas is anticipated to account for a market share of nearly 53% by 2020.

Competitive landscape and key vendors

The global solar battery charger market has a few international and regional vendors. The report predicts the market to be more competitive during the forecast period due to substantial investments in R&D to further improve the technology.

Key vendors in the market are -

• Anker
• Cobra
• Goal Zero
• Poweradd
• Solio

Other prominent vendors in the market are All Powers, Endless Sun Solar, Powertraveller, Shenzhen Portable Electronic Technology, SunTactics, and Suntrica.

Key questions answered in the report include

• What will the solar battery charger market size and growth rate be in 2020?
• What are the key factors driving the global solar battery charger market?
• What are the key market trends impacting the growth of the global solar battery charger market?
• What are the challenges to market growth?
• Who are the key vendors in the global solar battery charger market?
• What are the market opportunities and threats faced by the vendors in the global solar battery charger market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global solar battery charger market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Residential Solar Energy Storage Market 2015-2019
• Global Battery Market for Solar PV Inverters 2015-2019
• Global Solar PV Inverter Market: Research Scope 2015-2019
• Global Battery Market for Inverters 2015-2019

A solar battery charger is a portable system that converts sunlight into electricity to provide power to devices or to charge batteries. This charger can charge lead acid and Ni-Cd (nickel cadmium) batteries with a capacity up to 4000 Ah, 48V. This charger uses intelligent charge controllers to improve its efficiency and is highly portable. The panels used in the solar battery charger is generally in the form of a thin film that helps to save energy and requires little maintenance. Solar trickle charger, clamshell solar charger, solar backpacks, and folding solar charger are the different types of solar battery chargers available in the market today.

The global solar battery charger market report is part of Technavio’s energy research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as energy storage, power, oil and gas, smart grid, and waste and waste management. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.