Solar Power Bank Market - Industry Analysis, Size 2023 | Research Report
Solar Power Bank Market: Overview
Solar
energy has evolved as a major alternative source of energy. Solar
energy is increasingly being utilized as source of energy for street
lighting, automobiles, house appliances and others. In recent times,
solar power banks are gaining popularity in the consumer market, with
the rise in use of electronic gadgets. Solar power banks serve as an
energy storage device, which can be utilized when required to charge any
of the USB-charged devices such as cameras, portable speakers, GoPros,
MP3 players GPS systems.
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Solar
power banks require sunlight to charge, making it reliable in
circumstances where electrical supply or charger is not available. Most
of the solar power banks available today can be charged alternatively
via computer using USB. Considering solar as an environmental friendly
technology, demand for solar power banks is expected to escalate in the
coming years.
Solar Power Bank Market: Drivers and Restraints
Solar
power banks find wide range of applications such as charging of
smartphones, laptop, tablets and other devices. The growth of
smartphones, laptops and tablets market has generated the need for
external energy storage devices for charging. The escalated use of
internet with the availability of 3G and 4G services on smartphones and
tablets has increased the consumption of battery at a faster rate, thus,
driving the solar power bank market. Further, tourists or trekkers
preferring to travel at distant places can rely on the solar power banks
over the conventional power banks, as at times of emergencies solar
power banks can be charged via sunlight. The rural areas in emerging
markets such as Africa, Asia and Latin America pose good opportunities
for solar power banks due to constraint of electricity supply in these
regions.
However,
the challenges such as low efficiency at night or cloudy days, may
affect the trust of end consumers in the market. Since the launch of
solar technology, the availability of sunlight in cloudy areas or at
night times has been the major constraint for solar devices.
Compatibility
with all the device brands is another challenge affecting the market of
solar power banks. Moreover, solar power banks also face competition
from existing electrically charged power banks. Manufacturers need to
focus on overcoming these major challenges to gain competitive advantage
over the existing and new manufacturers entering the market in coming
years to explore the untapped opportunities in solar power bank market.
Solar Power Bank Market: Segmentation and Top Players
Depending
on the application and the capacity of battery, solar power banks are
designed and available in market with different capacity range. The
solar power bank market is categorized by the capacity range offered by
the solar power banks, which include 500 mAh to 3499 mAh, 3500 mAh to
6499 mAh, 6500 mAh to 9499 mAh, 9500 mAh to 12499 mAh, 12500 mAh to
15499 mAh and above 15500 mAh.
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The
key companies operating in solar power bank market include Anker.,
Advantage Computers (I) Pvt. Ltd., LG Chem Ltd, China BAK Battery, Inc.,
Mophie Inc., Microsoft Corporation, Panasonic Corporation, OnePlus,
Sony Corporation, Samsung SDI Co. Ltd., UNU ELECTRONICS INC., Xiaomi
Technology Co., Ltd, and Shenzhen Topband Co. Ltd\
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