Portable Solar Charger Market: Current Analysis and Forecast (2020-2030)

The Portable Solar Charger is designed to trap solar energy and store it in a rechargeable battery to charge electronic devices. The portable solar charger is a mechanism to limit the over-current flow in the circuit and to prevent the draining of the battery and low voltage operation is incorporated into the system. Many low-voltage devices including mobile phones can be charged using this system and the charge in the battery is displayed with the help of an LCD and a microcontroller.

Factors such as the growing number of electronic devices and the need to stay connected to the world for a fast and easy way of communication are driving the market demand for portable solar charger market. Moreover, the growing demand for renewable resources is escalating the market size of portable solar chargers. Further, various manufacturers are developing portable solar chargers that are lightweight, high-quality, and affordable devices designed to meet the consumer's daily utility needs. For instance: In 2023, Namene today launches the Zafi charger, an affordable lightweight solar charger that is capable of charging a range of portable devices - from phones to fan.

Based on the Type, the market is segmented into small portable chargers, foldable portable chargers, and backpack solar chargers. Small portable chargers cater significant share of portable solar chargers. The small portable charger is feasible and reliable for charging various electronic gadgets coupled with rechargeable products such as lanterns, lamps, torches, and batteries in order to increase energy access to people not connected to the electric grid. Moreover, the increasing use of various electronic surveillance equipment by the military is also boosting the demand for small portable chargers.

Based on the panel type, the monocrystalline panel caters significant share of the portable solar charger market. It is mainly owing to its durability and a higher energy efficiency rate of around 15-20%. In addition, monocrystalline panels are space-efficient, as they can produce more power per square foot and have the longest life compared to polycrystalline. Moreover, various players in the portable solar charger use monocrystalline panels as it has better heat tolerance, making them suitable for extreme heat conditions.

Based on the application, the market is segmented into individual consumers, defense, transportation, and others. Individual consumer segment caters to an extensive share of the market. It is mainly due to increasing outdoor activities such as biking, hiking, and mountain, especially in developed economies are driving its market growth.

For a better understanding of the market adoption of portable solar charger the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), Rest of World. North America caters significant share of the portable solar charger market. It is mainly owing to the growing trend of conventional activities such as hiking, camping, and off-road adventure activities that are accelerating the demand for portable solar chargers. In addition, in 2021, conventional outdoor recreation accounted for 35.1 percent of U.S. outdoor recreation value-added, compared with 40.1 percent in 2020. Further, camping also caters extensive share of conventional activities which is further driving the market size of portable solar chargers as they are useful during harsh weather conditions and easily charge various devices.

Some of the major players operating in the market include: Goal Zero, Voltaic Systems, Powertraveller International Ltd., Instapark, Gomadic Corporation, GigaWatt Inc., Renogy LLC, Suntactics, Zamp Solar, Jackery Inc.