April 20, 2024
Solar Chair Market

Propelled By Increasing Demand For Portable Power Solutions, Solar Chair Market Estimated To Reach US$1.79 Bn By 2023

Solar chairs are portable seating solutions equipped with integrated solar panels that can charge electronic devices like smartphones, laptops, and portable power banks. They provide an eco-friendly way to charge devices outdoors and ensure unlimited power supply during camping, hiking, and other recreational activities. The global solar chair market offers a wide variety of chairs ranging from foldable and lightweight designs ideal for travel to sturdy wooden structures for permanent outdoor installation. 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 key trends:

The increasing adoption of remote working culture and outdoor recreational activities has propelled the demand for portable power solutions in recent years. Solar chairs having integrated panels and battery packs satisfy this rising need by providing a convenient way to charge devices outdoors without the hassle of looking for power outlets. Major players are focusing on product innovation and coming up with upgraded lightweight designs, increased battery capacities, and faster charging capabilities to expand market reach. Foldable and compact models are gaining traction among travelers, campers and hikers due to their portability. Meanwhile, wooden frame chairs are popular among homeowners seeking permanent patio or lawn installations.

SWOT Analysis

Strength: Solar chairs have a small environmental footprint as they utilize renewable solar energy. They provide portable power for outdoor activities.

Weakness: Solar chairs have limited energy storage capacity and can only charge small electronics. Their panels may get damaged easily during transportation.

Opportunity: Increasing awareness about global warming and climate change is driving demand for clean energy products. The growing outdoor recreation industry presents an opportunity to popularize solar chairs.

Threats: Fluctuating costs of raw materials needed for solar panel manufacturing can increase production costs. Competition from other portable power sources may eat into the market share of solar chairs over time.

Key Takeaways

The global Solar Chair Market Share  is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising preference for renewable energy sources. North America currently dominates the market due to the region’s developed outdoor recreation industry and population’s high disposable incomes.

Regional analysis: North America accounts for around 35% share of the global solar chair market led by the United States. The region has a large number of outdoor activities and events that drive the demand for portable power sources. Countries like China and India are rapidly catching up and offer lucrative growth opportunities owing to their large population base and increasing focus on solar energy adoption.

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. These companies are focused on introducing innovative and aesthetically appealing solar chair designs to expand their consumer base.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it