The Growth of Portable Solar Chargers market is huge, the study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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The need for on-the-go usage of solar energy has evolved significantly in the recent past. Consumer spending on expensive battery packs has shifted towards affordable technologies like portable solar chargers. At present, campers account for more than 80% of portable solar charger end-users, and their role is further expected to intensify, owing to 6.4% annual increase in camping population in developed regions.
Adventure and sports enthusiasts looking for convenient, off grid solutions have been driving sales of portable solar chargers. Owing to its image as an economical power alternative, the market for solar portable chargers has witnessed an upsurge in the number of companies entering the portable solar chargers market. These factors project the global portable solar charger market growth at 7.5%, between 2019 and 2029.
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North America Races Ahead as Europe and East Asia Present Highest Growth Potential in Portable Solar Chargers Market
Portable solar chargers is a relatively new technology still in nascent stage in multiple regions. North America holds for highest share in portable solar chargers market, accounting for more than 30% in terms of value. Europe presents highest potential for growth with projected growth of 2.2X over current market value, while East Asia is expected to be highly conducive with added business environment benefits like low logistical costs.
In 2019 Jackery inc., one of the market leaders in portable solar chargers market, entered into a partnership with JVCKENWOOD Corporation and launched new portable solar charger accessory ‘Jackery Tuned by JVC’ in Japanese market. This expansion was aimed at exploration of East Asian markets and establishing the company’s presence. Similar regional expansion is expected to benefit companies as well as intensify usage of portable solar chargers in Europe and East Asia.
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The Portable Solar Chargers market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
The Portable Solar Chargers market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
And so on…..
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