Portable Solar Charger Market is Anticipated To Reach USD 13.1 Billion By 2033 By CIOTechOutlook Team

Portable Solar Charger Market is Anticipated To Reach USD 13.1 Billion By 2033

CIOTechOutlook Team | Monday, 04 September 2023, 09:06 IST

The worldwide portable solar charger market is expected to reach US$ 13.1 billion by the end of the study period, expanding at a record 14.1% CAGR from 2023 to 2033. At the moment, sales of portable solar chargers in North America account for around 30% of the worldwide market.

Product innovation is expected to play a significant role in defining how the portable solar charger sector will expand in the future. Portable solar chargers are still a relatively new and developing technology, which is why they are fairly pricey for the majority of the people. Companies are working on developing low-cost portable solar chargers in order to broaden their consumer base and increase income generation possibilities.

Levante, an Italian start-up known for its origami solar panels, will partner with Advanced Composites Solutions, a specialist in the production and design of composite material components, in July 2022, to create a new portable solar panel produced from recovered carbon fiber waste. This was supposed to reduce production costs, cutting the overall product cost and allowing for the creation of inexpensive solar panels.

This extensive portable solar charger market research report by Fact.MR, a market research and competitive intelligence company, includes further fresh developments and insights related with existing as well as emerging market competitors.