The global Solar Chair Market is estimated to be valued at US$ 1.79 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Solar powered chairs provide comfort and convenience to the users in an eco-friendly way. The solar charging technology allows users to charge their electronic devices while relaxing on the chair. The rechargeable batteries also provide portability which has increased their demand in outdoor activities like camping and hiking.
Market Overview:
Solar chairs are portable chairs equipped with integrated solar panels to charge electronic devices through USB ports. The panels absorb sunlight and convert it into electric current stored in rechargeable batteries. Users can relax on the comfortable chairs and power their phones, tablets or portable batteries wirelessly. The chairs are lightweight and foldable for convenient transportation.
Market key trends:
Cloud computing has accelerated data storage and analytics, fueling the demand for portable power banks. As reliance on cloud services grows exponentially, people need compact solutions to charge their phones and tablets on the go. Solar chairs address this need by leveraging clean energy technology. The integrated batteries allow users to access cloud data from anywhere without being tied to a power outlet. Growth in data consumption driven by smartphones, smart homes and IoT is a key driver for the solar chair market. Increased dependence on wireless connectivity for work, education and entertainment has boosted sales.
Segment Analysis
The global solar chair market is segmented by product type, application, distribution channel and region. By product type, the folding and portable solar chairs segment dominated the market and accounted for more than 40% share of the global solar chair market in 2023. The segment is dominating because of high mobility and portability provided by these solar chairs.
Key Takeaways
The Global Solar Chair Market Size is expected to witness high growth, exhibiting CAGR of 13% over the forecast period, due to increasing demand for environment-friendly products powered by renewable energy sources.
Regional analysis
North America accounted for the largest share of the global solar chair market in 2023 owing to presence of major solar chair manufacturers and increasing adoption of eco-friendly products in countries like US and Canada. Asia Pacific is expected to witness fastest growth over the forecast period driven by increasing disposable income and rising tourism activities in countries like China and India.
Key players
Key players operating in the solar chair market are EcoFlow Tech, Goal Zero, Renogy, Anker Innovations Limited, BioLite Inc., Nekteck Inc., Suaoki, X-DRAGON, ALLPOWERS, RAVPower, BigBlue, SunPower Corporation, Powertraveller International Ltd, Yingli Green Energy Holding Company Limited, Kingsolar. EcoFlow Tech captured largest share of the global solar chair market in 2023 owing to wide distribution network and innovative product portfolio.
Read more: https://www.ukwebwire.com/solar-chair-market-insights-trends/
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