World Solar Battery Charger Market Forecast by 2027 – A $ 40.2 Billion Alternative Regardless of COVID-19 Issues – GlobeNewswire
Dublin, September 7, 2020 (GLOBE NEWSWIRE) – The report "Solar Battery Charger – Global Market Trajectory & Analytics" has been added ResearchAndMarkets.com Offer.
The 138-page report provides brief insights into the production and buy-side effects of the pandemic for 2020 and 2021. A short-term gradual recovery across key areas is also addressed.
The global analysis and forecast periods covered in the report are 2020-2027 (current and future analysis) and 2012-2019 (historical review). Research estimates are presented for 2020, while research projections cover the period 2021-2027.
The global solar battery charger market is expected to reach $ 40.2 billion by 2027
In the midst of the COVID-19 crisis, the global solar battery charger market, which is estimated to be US $ 19.2 billion in 2020, is expected to reach a revised size of US $ 40.2 billion by 2027 and one in the 2020 analysis period CAGR of 11.2% grow -2027.
For individual consumers, one of the segments analyzed in the report, a growth of 9.7% CAGR to USD 10 billion is forecast by the end of the analysis period. After an early analysis of the business impact of the pandemic and its triggered economic crisis, growth in the Transportation segment will be adjusted to a revised CAGR of 13.6% for the next seven year period. This segment currently has a 29.3% share of the global solar battery charger market.
The US accounts for over 29.5% of the global market size in 2020, while China is forecasting growth of 10.8% CAGR for the period 2020-2027
The US solar battery charger market is estimated at $ 5.7 billion in 2020. The country currently has a 29.47% share of the world market. China, the world's second largest economy, is expected to reach an estimated market size of $ 7.1 billion in 2027, which translates to a CAGR of 10.8% by 2027.
Other notable geographic markets include Japan and Canada, which are projected to grow 9.5% and 9.6% respectively over the 2020-2027 period. Within Europe, growth of around 8.3% CAGR is forecast for Germany, while the rest of the European market (as defined in the study) will reach USD 7.1 billion by 2027.
The military segment has a share of 43.5% in 2020
In the global military segment, the US, Canada, Japan, China, and Europe will increase the CAGR estimated for this segment by 10.1%. These regional markets, with a combined market size of $ 6.7 billion in 2020, will reach a projected size of $ 13.1 billion by the end of the analysis period.
China will continue to be among the fastest growing in this cluster of regional markets. Led by countries like Australia, India and South Korea, the Asia-Pacific market is projected to reach $ 4.8 billion by 2027.
The competitors identified in this market include:
- Anker Innovations Limited
- Goal Zero LLC
- Powertraveller International Ltd.
- Shenzhen Wearable Electronic Technology Co. Ltd.
Profiled companies in total: 56
I. INTRODUCTION, METHODOLOGY AND REPORTING AREA
1. MARKET OVERVIEW
- Effects of COVID-19 and an impending global recession
- Market shares of global competitors
- Market share scenario for solar battery chargers worldwide (in%): 2018E
2. FOCUS ON SELECTED PLAYERS
3. MARKET TRENDS & DRIVERS
4. PERSPECTIVE OF THE GLOBAL MARKET
III. MARKET ANALYSIS
Please visit https://www.researchandmarkets.com/r/inicjj for more information on this report
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Laura Wood, Senior Press Manager
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