by 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.
Market Overview:
The solar chair market consists of chairs equipped with built-in solar panels that allow users to charge electronic devices like phones and laptops using solar energy. These chairs are portable, lightweight and manufactured using durable and weather resistant materials. They provide an eco-friendly solution for outdoor activities and events.
Market key trends:
The increasing adoption of renewable energy sources across the world is driving the demand for solar powered products including solar chairs. Solar panels integrated chairs help reduce carbon footprint as they do not require fossil fuels for charging. They offer a convenient option for consumers focusing on sustainable lifestyles. Furthermore, continuous technological advancements in solar panels have increased their efficiency while reducing costs. This has positively impacted the production and sales of solar powered chairs.
Market key trends:
One of the key trends in the solar chair market is the increasing focus on developing portable and lightweight solar chairs. Major players in the market are investing in R&D to manufacture solar chairs that can easily fold and carry for outdoor activities. This has increased the adoption of solar chairs among outdoor enthusiasts, travelers, and camping lovers. The lightweight and portable solar chairs allow users to charge their devices remotely while enjoying outdoor leisure activities without being tied to power outlets.
SWOT Analysis
Strength: The solar chair market is growing due to the rising awareness about renewable energy sources and need for outdoor charging solutions. The portable and lightweight nature of solar chairs makes them convenient to use anywhere.
Weakness: High initial costs of solar chairs compared to conventional chairs restrict wider adoption. Dependency on sunlight and weather conditions for charging can be considered as weaknesses.
Opportunity: Increasing outdoor recreational activities and remote area camping/picnicking provide significant growth opportunities. Rise in travel and tourism industry also presents growth prospects.
Threats: Availability of substitute products like solar power banks can threaten the demand for solar chairs. Fluctuating prices of raw materials needed for manufacturing solar panels are major threats.
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 outdoor recreational activities. The market size for solar chair was US$ 1.79 Bn in 2023.
Regionally, Asia Pacific dominated the solar chair market in 2023 with over 30% share. Countries like China, India, and Japan are major contributors to the regional market growth due to increasing outdoor sports activities. North America is projected to be the fastest growing market during the forecast period.
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, and Kingsolar. The major players are focusing on new product launches and partnerships to stay ahead in the highly competitive market.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
