Executive Summary

The global portable solar charger market is expected to grow at a CAGR of 21.4% from 2021 to 2028, according to a report by Grand View Research. The market is being driven by the increasing demand for sustainable energy solutions, the growing adoption of portable electronic devices, and the rising awareness about the environmental impact of traditional power sources.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global portable solar charger market was valued at $1.7 billion in 2020 and is expected to reach $6.5 billion by 2028.
• The Asia Pacific region is expected to witness the highest CAGR during the forecast period due to the increasing demand for electronic devices and the growing awareness about the benefits of renewable energy.
• The market is dominated by key players such as Anker Innovations, ECEEN Electronic Limited, Goal Zero, Instapark, and SunPower Corporation.
• The market is being driven by the increasing adoption of portable electronic devices, the growing demand for eco-friendly and sustainable energy solutions, and the rising awareness about the environmental impact of traditional power sources.

Market Drivers

1. Increasing Demand for Portable Electronic Devices

The increasing adoption of portable electronic devices such as smartphones, tablets, and laptops has led to a growing demand for portable charging solutions. Portable solar chargers offer a convenient and eco-friendly way to charge these devices, making them an attractive option for consumers.

2. Growing Awareness About Environmental Impact of Traditional Power Sources

As more people become aware of the environmental impact of traditional power sources such as fossil fuels, the demand for renewable energy solutions has grown. Portable solar chargers offer a sustainable and eco-friendly way to charge electronic devices, making them an attractive option for consumers who want to reduce their carbon footprint.

3. Rising Adoption of Sustainable Energy Solutions

The growing adoption of sustainable energy solutions such as solar power has led to a surge in demand for portable solar chargers. These chargers offer a convenient and reliable way to generate electricity from the sun, making them an attractive option for consumers who want to reduce their reliance on traditional power sources.

Market Restraints

1. High Cost of Portable Solar Chargers

Portable solar chargers can be expensive compared to traditional charging solutions. This can be a barrier to adoption for some consumers, especially those who are price-sensitive.

2. Limited Charging Capacity

Portable solar chargers typically have a limited charging capacity, which may not be sufficient for consumers who need to charge multiple devices or larger devices such as laptops. This can limit the practicality of portable solar chargers for some consumers.

Market Opportunities

1. Expansion of Product Offerings

As the demand for portable solar chargers continues to grow, there is an opportunity for companies to expand their product offerings. This could include offering chargers with higher charging capacity or integrating additional features such as built-in batteries or wireless charging.

2. Penetration of Untapped Markets

There is an opportunity for companies to penetrate untapped markets such as rural areas and developing countries where access to electricity is limited. Portable solar chargers can provide a reliable and sustainable source of power for these communities, making them an attractive solution.

Market Dynamics

The portable solar charger market is highly competitive with a large number of players operating in the market. The market is characterized by rapid technological advancements, increasing demand for eco-friendly and sustainable energy solutions, and changing consumer preferences.

Regional Analysis

The portable solar charger market is segmented into North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region is expected to witness the highest CAGR during the forecast period due to the increasing demand for electronic devices and the growing awareness about the benefits of renewable energy.

Competitive Landscape

Leading companies in the Portable Solar Charger Market:

1. Anker Innovations Ltd.
2. Goal Zero LLC (NOMAD Goods)
3. Renogy Solar Inc.
4. Powertraveller International Ltd.
5. X-DRAGON Technology Corporation
6. Solartab Limited
7. SunPower Corporation
8. Voltaic Systems LLC
9. BioLite Inc.
10. Yingli Green Energy Holding Company Limited

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The portable solar charger market is segmented by product type, charging capacity, application, and region.

By Product Type:

• Mono-crystalline Solar Chargers
• Polycrystalline Solar Chargers
• Amorphous Solar Chargers

By Charging Capacity:

• Below 5,000 mAh
• 5,000 – 10,000 mAh
• Above 10,000 mAh

By Application:

• Consumer Electronics
• Automotive
• Industrial
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Rest of the World

Category-wise Insights

By Product Type:

Mono-crystalline solar chargers accounted for the largest share of the portable solar charger market in 2020. These chargers offer higher efficiency and are more durable compared to other types of solar chargers.

By Charging Capacity:

Chargers with a capacity of 5,000 – 10,000 mAh accounted for the largest share of the market in 2020. These chargers offer a balance between portability and charging capacity, making them an attractive option for most consumers.

By Application:

Consumer electronics accounted for the largest share of the portable solar charger market in 2020. The increasing adoption of portable electronic devices such as smartphones and tablets has led to a growing demand for portable charging solutions.

Key Benefits for Industry Participants and Stakeholders

1. Sustainable and Eco-Friendly Solution

Portable solar chargers offer a sustainable and eco-friendly solution for charging electronic devices, making them an attractive option for consumers who want to reduce their carbon footprint.

2. Convenience and Portability

Portable solar chargers are lightweight, compact, and easy to carry, making them an ideal solution for people who need to charge their devices while on-the-go.

3. Cost Savings

Using a portable solar charger can help consumers save money on their electricity bills, especially if they live in areas with high electricity costs or if they use their devices frequently.

SWOT Analysis

Strengths:

• Eco-friendly and sustainable solution
• Convenience and portability
• Increasing adoption of sustainable energy solutions

Weaknesses:

• High cost compared to traditional charging solutions
• Limited charging capacity

Opportunities:

• Expansion of product offerings
• Penetration of untapped markets

Threats:

• Intense competition among key players
• Rapid technological advancements

Market Key Trends

1. Technological Advancements

The portable solar charger market is characterized by rapid technological advancements. Key players are investing heavily in research and development to create more efficient, durable, and user-friendly products.

2. Increasing Demand for Higher Charging Capacity

As consumers continue to adopt portable electronic devices such as laptops, there is a growing demand for portable solar chargers with higher charging capacity.

Covid-19 Impact

The Covid-19 pandemic had a mixed impact on the portable solar charger market. On one hand, the pandemic led to a decrease in demand for these chargers due to the temporary closure of outdoor recreation areas and travel restrictions. On the other hand, the pandemic also led to an increase in remote work and learning, which increased the demand for portable electronic devices and thus, portable solar chargers.

Key Industry Developments

1. Anker Innovations launched a new line of portable solar chargers in 2021, which includes chargers with up to 21W of charging power.
2. Goal Zero partnered with Sherpa to launch a new line of portable solar chargers that can charge electronic devices, power banks, and even electric vehicles.

Analyst Suggestions

1. Key players should focus on product innovation and development to stay ahead of the competition.
2. Companies should expand their product offerings to meet the evolving needs of consumers.

Future Outlook

The portable solar charger market is expected to continue its strong growth trajectory in the coming years due to the increasing demand for sustainable and eco-friendly energy solutions. Key players are expected to continue investing in research and development to create more efficient, durable, and user-friendly products.

Conclusion

The portable solar charger market is witnessing rapid growth due to the increasing demand for sustainable and eco-friendly energy solutions. Portable solar chargers offer a convenient and reliable way to generate electricity from the sun, making them an attractive option for consumers who want to reduce their reliance on traditional power sources. Key players are investing heavily in research and development to create more efficient, durable, and user-friendly products. As the market continues to evolve, companies that focus on product innovation and expansion will be best positioned to succeed.