UK Portable Solar Charger Market
UK Portable Solar Charger Market Size to Expand at Robust CAGR of 21.9% During 2023–2029
Published | 25 January 2023
UK portable solar charger market size is flourishing owing to growing consumer preference for environmentally friendly products, rising concern over the depletion of energy resources, deepening penetration of smartphones, tablets, and other portable electronic devices, and shifting consumer preferences toward sustainable energy sources.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects UK portable solar charger market size to grow at an impressive CAGR of 21.9% during the forecast period between 2023 and 2029. United Kingdom portable solar charger market size is primarily being driven by organizations' supportive initiatives to improve energy access for people who are not connected to the electric grid. Growing adoption of environmentally friendly products, especially in developed countries, such as the United Kingdom, as a result of growing awareness regarding the depletion of energy resources, is expected to drive demand for environmentally friendly products, such as portable solar chargers, during the forecast period. The increasing use of smartphones, tablets, and other portable electronic devices and a shift in consumer preferences toward sustainable energy sources are expected to provide growth opportunities for the United Kingdom portable solar charger market during the forecast period.
UK Portable Solar Charger Market – Overview
Portable solar chargers' portability enables mobile applications of the product, resulting in a better end-user experience. Portable solar chargers are small, wearable, and portable, making them easy to transport. This drives the market for portable solar chargers forward. Because the portable solar charger uses energy from the sun, an infinite source of renewable energy, it helps to sustain nonrenewable energy sources, is environmentally friendly, and does not emit toxic materials. As a result, the use of portable solar chargers is increasing. Because of increased usage and accelerated battery depletion of electrical devices, portable solar chargers are in high demand.
Portable Solar Chargers’ Favorable Characteristics
The demand for portable solar energy has increased significantly in recent years. Consumer spending on costly battery packs has shifted to inexpensive alternatives like portable solar chargers. Campers already make up more than 80% of users of portable solar chargers, and their significance is only going to increase. Among the off-grid options, portable solar chargers have become very popular with adventure and sports enthusiasts. Due to its reputation as a low-cost power source, the market for portable solar chargers has seen an increase in the number of businesses entering the sector. These factors are expected to expand the UK market for portable solar chargers.
Challenge: Limited Capacity for Charging
Most portable solar chargers only use solar energy to recharge. If they run out of charge, this limits how often these portable solar chargers can be used at night. It is one of the factors restricting the market for portable solar chargers. Another issue for portable solar chargers is their inability to completely absorb the energy the sun provides.
Impact of COVID-19 on UK Portable Solar Charger Market
The global economy was adversely affected by restrictive measures measured imposed by countries to contain the COVID-19 pandemic. Lockdowns and restrictions imposed in the aftermath of the pandemic have suffocated economies throughout the United Kingdom, disrupting supply chains, delaying projects, and creating a labor shortage. As a result of COVID-19, the solar industry will face several immediate challenges, including a lack of workers, adherence to social distance, a lack of parts and equipment, and discerning consumer spending. It is expected that social isolation will prevail for a few months and that public transportation, particularly trains and buses, will take some time to get up and running. The current tight labor market will result in a labor shortage.
UK Portable Solar Charger Market – By Portability
Foldable and Small Portable/Semi Portable make up the majority of the UK market for portable solar chargers. Market dominance is held by small portable solar chargers. The market for these chargers is primarily driven by the rising popularity of solar flashlights, batteries, and other appliances. In the coming years, it is expected that deepening mobile phone penetration in rural areas of the United Kingdom will present growth opportunities for these types. The foldable portable solar charger is expected to record growth at the fastest CAGR growth during the forecast period. These portable, lightweight chargers are becoming more and more common among both military and civilian users.
UK portable solar charger market is fiercely competitive. Prominent players in the market include Anker, Aukey, ECEEN, Goal Zero, RAVPower, Solarpod, Voltaic Systems, X-Dragon, BigBlue, EcoFlow, Flexcharge, Hiker Hunger, JOOS, Kavalan, Renogy, Sunforce, and SunJack. companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the UK portable solar charger market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of UK Portable Solar Charger Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in UK Portable Solar Charger Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
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