- Report ID: BMRC 1140 | Number of pages: 200 | Publish Date: Apr 2020
Status: Published | Category: Semiconductor | Delivery Timeline:
Growing environmental awareness and supportive government initiatives are the major factors driving the growth of Global Portable Solar Generator Market.
Use of solar energy in a portable format to generate electricity is the main concept of commercialization of portable solar generators. These generators are generally capable of generating 20 watts of electricity, which can supply up to 96 hours of electricity used for lighting and running small electric machines. In general, the power output is AC current using 150 watts inverter with 200 watts surge, appropriate for commercial single phase electric appliances. The system has low maintenance and the batteries need to be replaced every three to four years. Some of the main concepts of portable solar generator are decreasing installation cost and introduction of a compact design of an ideal energy sizing system.
Global Portable Solar Generator Market report is segmented on the basis of battery type, power rating, and by regional & country level. Based on battery type, global portable solar generator market is classified as lead–acid and lithium-ion. Based upon power rating, global portable solar generator market is classified into up to 500 W and more than 500 W.
The regions covered in this portable solar generator market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of portable solar generator is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for global portable solar generator market are,
Global Portable Solar Generator Market Dynamics–
Increasing importance of renewable energy, supportive government initiatives regarding natural energy consumption, growing awareness and regulations on environmental safety and benefits of portable devices are some of the major factors driving the growth of portable solar generator market. Conventional portable generators are heavy, oily, and noisy, require high maintenance and use fossil fuel which creates environmental pollution. The growing awareness and negative effects of traditional portable generators have forced consumers to search for alternative product such as solar powered portable devices increasing the demand of the market. The growing trend of use of renewable energy of electricity generation is the major driving factor for growing use of portable solar generator devices.
For instance; electricity generation form solar PV (Photo Voltaic) has increased by over 30% in 2018 to more than 580 TWh and worldwide share of solar PV in global electricity generation have exceeded 2% in that year for the first time and remains the fourth largest renewable electricity technology. As these products are lighter compared to their counterparts, they can easily be packed, stored and moved around in recreational activities such as camping, outdoor events and emergencies. These products are used to charge devices such as smartphones, portable televisions, small appliances, laptops and lights. The usability and application of portable solar generator in absence of adequate electricity facility is another driving factor for this market. Another advantage of these generators is they can be charged wherever the user may be through solar power. According to the international Energy Agency, by 2050 solar PV and concentrated solar power would contribute approximately 16% and 11% of global electricity consumption which will create significant opportunity for the portable solar generator market. However, lack of adequate wattage to power larger appliances and dependence on quality of solar panels may hinder the market growth up to some extent.
Global Portable Solar Generator Market Regional Analysis–
North America is expected to dominate the global portable solar generator market due to the growing environmental awareness, government support as well as decreasing price of solar panels in this region. For instance; with about 10.6 GW of solar PV had become operational in 2018 as a result of federal tax incentives and state level policies which also strengthens the positivity of solar powered based generators among consumers helping the market to expand in this region. Additionally, distributed PV is in demand due to attractiveness of economics of self-consumption, which brightens the perspective of portable solar generators.
Asia-Pacific is the fastest growing market of portable solar generator with high CAGR rate due to adequate government support, growing commercial activities regarding renewable energy and increasing investment on developing renewable energy infrastructure in this region. In 2014, The International Energy Agency have predicted that in future most of the solar energy production would be in China and India which can be verified from the fact that, the current largest photovoltaic power station in the world is the Pavagada Solar Park, Karnataka, India with a generation capacity of 2050 MW. Europe is expected to contribute considerably to the global portable solar generator market in future owing to the strict rules and regulations followed by EPA on environmental pollution & emissions as well as research & development activities on renewable energy in this region.
Key Benefits for Global Portable Solar Generator Market Report–
Global Portable Solar Generator Market report covers in depth historical and forecast analysis.
Global Portable Solar Generator Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Portable Solar Generator Market report helps to identify opportunities in market place.
Global Portable Solar Generator Market report covers extensive analysis of emerging trends and competitive landscape.
By Battery Type: Lead–acid, Lithium-ion
By Power Rating: Up to 500 W, More than 500 W
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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Portable Solar Generator Market 2020 By Battery Type (Lead–acid, Lithium-ion), By Power Rating (Up to 500 W, More than 500 W) Forecast to 2025