{"id":174389,"date":"2019-10-28T12:56:06","date_gmt":"2019-10-28T12:56:06","guid":{"rendered":"http:\/\/www.georgianewsdesk.com\/news\/story\/174389\/portable-solar-charger-market-segmentation-by-product-application-region-and-forecast-from-2019-to-2025-grand-view-research-inc.html"},"modified":"2019-10-28T12:56:06","modified_gmt":"2019-10-28T12:56:06","slug":"portable-solar-charger-market-segmentation-by-product-application-region-and-forecast-from-2019-to-2025-grand-view-research-inc","status":"publish","type":"post","link":"http:\/\/www.honolulunewsnow.com\/news\/story\/174389\/portable-solar-charger-market-segmentation-by-product-application-region-and-forecast-from-2019-to-2025-grand-view-research-inc.html","title":{"rendered":"Portable Solar Charger Market Segmentation By Product, Application, Region And Forecast From 2019 To 2025 : Grand View Research Inc."},"content":{"rendered":"
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Grand View Research, Inc. – Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
According to report published by Grand View Research, Shifting consumer inclination towards on-the-go environmental friendly products due to increasing awareness related to depleting energy resources is a main factor driving the sales of portable solar charger over the forecast period. <\/div>\n

The global portable solar charger market<\/a><\/strong> size is anticipated to reach USD 1.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 21.3% over the forecast period. Shifting consumer inclination towards on-the-go environmental friendly products due to increasing awareness related to depleting energy resources is a main factor driving the sales of portable solar charger over the forecast period. Moreover, government bodies in India and Africa provide subsidies on rechargeable products such as lanterns, lamps, torch, and batteries in order to increase energy access to people not connected to electric grid. In addition, increasing penetration of mobile phones in the rural parts of Africa and India is expected to create huge opportunity for these chargers in upcoming years.<\/p>\n

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Small portable solar charger held a leading market share in 2018. The foldable segment is anticipated to expand at the fastest CAGR of 22.0% over the forecast period. The U.S. military is increasingly shifting towards renewable energy resources in order to reduce its dependency on oil energy, which is expected to increase adoption of solar panel and chargers in upcoming years. Moreover, increasing use of various electronic surveillance equipment by military is expected to boost demand for the foldable solar chargers over the forecast period.<\/p>\n

The individual segment held a leading share of 69.5% in 2018. Increasing participation in outdoor activities such as hiking, biking, and mountaineering, especially in developed countries, is expected to provide growth opportunity for these types of chargers. The number of bikers traveling globally is continuously increasing to cement their love for riding. This trend has encouraged many tour organizers to roll out riding tours outside India. In addition, many bike manufacturers are hosting tours internationally to promote their brands.<\/p>\n

Asia Pacific emerged as the largest regional market in 2018 on account of growing product visibility, especially in India, Bangladesh, and Indonesia. Moreover, government organizations including the World Bank, International Finance Corporation, and Global Off-Grid Association have undertaken supportive initiatives to increase energy access to remote areas and villages with off-grid solar power. North America is anticipated to expand at a CAGR of 20.9% from 2019 to 2025. This growth is attributed to increasing product penetration, coupled with rising popularity of adventurous outdoor activities on account of increasing awareness related to maintaining a healthy life.<\/p>\n

Request a sample Copy of the Portable Solar Charger Market Research Report@ https:\/\/www.grandviewresearch.com\/industry-analysis\/portable-solar-charger-market\/request\/rs1<\/a><\/strong><\/strong>

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Further key findings from the report suggest:<\/strong><\/p>\n