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Growing awareness towards the use of renewable energy and emerging applications of such energy for day to day applications is bolstering the growth of the solar cooker market. Solar energy not only has been proven as a viable form of energy generation, but high levels of development in the solar PV market have increased the overall application segments of solar energy. There are several advantages of using these solar cookers. Solar cookers are capable of carrying out pasteurization processes and are extremely effective in retaining the nutrient content of food. High levels of portability are another major advantage of such solar cookers. The compact size of these cookers makes them capable of being sold in the retail market without giving rise to logistical bottlenecks. 
 
Costs are a major impeding factor in any renewable form of energy. However since solar cookers are available at attractive prices, the market growth is not hampered owing to higher costs. Solar cookers also have extremely low maintenance expenditure making them attractive investments for households. 
 
The manufacturing of such solar cookers requires very little expenditure making it a profitable business. With the rising prices of LPG and natural gas around the world, there is a constant demand for alternative fuels for domestic purposes. In emerging countries LPG is a major source of fuel for cooking purposes and hence these economies are the most attractive markets for such solar cookers. Not only will the use of such cookers significantly reduce the consumption of fossil fuels, they will also go a long way in ensuring energy security. 
 
These solar cookers provide very short and attractive pay back periods generated mainly from the savings in purchasing cooking fuel. Countries in the Asia-Pacific and Latin America which have large rural populations are also prospective markets for these cookers. Rural populations are also heavily reliant on LPG, firewood and dung cakes for cooking. Solar cookers will form an attractive value proposition to such markets in the future. 
 
The solar cooker market can be segmented on the basis of the construction techniques utilized for manufacturing. The broad segmentations on the basis of construction can be done as solar box cooker, solar panel cooker and solar parabolic cooker. The solar box cookers are the most commonly available form of solar cookers in the market currently. These cookers are extremely robust in nature and operate very safely with little or no supervision required for operating. A solar panel cooker on the other hand consists of a pot or pan with a plastic/glass enclosure which is nestled into a reflective panel. This is done for better concentration of the sun’s rays leading to higher efficiency factors of such cookers. The parabolic solar cookers are capable of generating and sustaining much higher cooking temperatures than either a box or panel type cooker. These cookers are best suited for varying cooking purposes such as grilling and frying. One of the major drawbacks of such parabolic cookers is that the angle and direction of the cooker needs to be adjusted frequently for maximizing efficiency. 
 
These cookers are likely to find attractive markets in countries having large rural populations. The developing economies of Asia Pacific and Latin America are the most potential markets for such solar cookers in the future. Europe and North America are mature markets which would exhibit a steady growth potential. Some of the major players in this market include Sun Oven, Sunrise Global Solar Energy, Solar Cookers International and Sun Fire. 
 
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
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  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth 
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow 
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments 
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

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
  • Europe
  • 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.

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Solar Cooker Market