Solar chargers are primarily used to employ solar energy to charge batteries or supply electricity to devices. They are generally portable and can charge lead acid batteries or Ni-Cd batteries up to 48 V and 4000 mAh capacity. Most solar chargers obtain energy from the sun only but some can also be charged by electronic appliances. Solar chargers consists of solar panels and thin films which converts solar energy into electrical energy to be used by electronic devices. Based on the type of panels used, they are classified as: Mono-crystalline solar chargers, Poly-crystalline solar chargers, Amorphous solar chargers and Hybrid solar chargers. Solar chargers are mostly silicon based however, there are several different types of solar panels which include tiles, films and limelight.
Mono-crystalline solar chargers are the most effective with an efficiency of 15%, and so they produce more energy. They also require less space as compared to other chargers, lasts longer and perform better at low light. Poly-crystalline solar chargers have an efficiency of 13% and are cheaper to produce. They are cost effective as they are made from a number of smaller silicon crystals which are melted or recrystallized. Amorphous solar chargers have an efficiency of 7% and these are one of the least efficient charger types and consequently the cheapest. These chargers work well at lower light levels and can even generate electricity from bright moonlight. They are made from non-crystalline silicon and are then transferred as flexible film onto another surface such as glass. Hybrid solar chargers have an efficiency of 18% and these are made from a mixture of amorphous and mono-crystalline chargers to generate the maximum efficiency. These are also known as HIT solar chargers (Hetero-junction with Intrinsic Thin Layer) and they are better suited in sunnier regions where the temperature often exceeds 25° C, which helps creating up to 10% more electricity.
Solar chargers provide the facility to charge electronic devices such as smartphones, tablets, laptops, etc. even when travelling. The high dependency for portable power sources has exhibited a positive growth in the past few years and it is expected to significantly grow the demand of portable solar chargers in the near future. Rapid urbanization, coupled with the increase in consumer preference towards handy, lightweight and durable electronic devices are likely to drive the demand for portable solar chargers in the years to come. Rise in adoption of energy efficient and advanced electronics and the increasing penetration of high specification devices that drains the battery at a much faster rate has inclined the demand for portable solar chargers in the market.
The growing dependency to use renewable sources of energy over fossil fuels is expected to drive the solar chargers market in the future. The solar chargers are eco-friendly and do not emit any toxic materials to the environment as they are harnessed directly from the sun. Technological advancements and innovations in the nanotechnology and quantum physics sector will increase the electrical output of the solar chargers triple-fold. This in turn will lead to the growth of the solar charger market exponentially in the global market. Increase in the use of electronic devices and the shifting of consumers towards devices such as portable solar chargers that use natural resources is swelling the demand for portable solar charger across the globe. Moreover, rising concerns towards saving energy is anticipated to swell the demand for portable solar charger across the globe.
Geographically, the solar charger market can be segmented into North America, Latin America, Western and Eastern Europe, Asia Pacific, Middle East & North Africa and the Rest of the world.
Some of the key players operating in the solar charger market are Philips, Dxpower, Cobra, Solio, Goal Zero, Solar Frontier and Suntrica.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.