Solar Power Bank Market Synopsis:
Solar Power Bank Market Size Was Valued at USD 14.69 Billion in 2023, and is Projected to Reach USD 30.87 Billion by 2032, Growing at a CAGR of 8.6% From 2024-2032.
A solar power bank is an electronic gadget whose purpose is to act as a battery and which is charged by solar panels to allow users to power of their handheld devices such as smartphones, tablets or laptops. It unites in itself the advantages of a portable charger – a power bank, with the use of environmentally friendly solar energy.
The market for solar power bank has also grown significantly in recent past owing to growing demand for mobile power source and focus on renewable energy. These devices are gradually gaining acceptance among mountaineers, hikers, campers, tourists and people who have fickle power supply in their homes. Portable solar power banks are a renewable and environmentally friendly source of electricity for charging various gadgets away from the grid, for example during an outage, or when hiking or treking.
The market is expected to rise further over the forthcoming year as research and development of more efficient solar panels intensifies, more demand for environmental sustainability is observed, and with the growing use of the internet of things, which includes portable charging devices. Constant technological enhacements are putting strategies in place that will lead to increased storage, reduced time to charge as well as advanced compact and rigid structures. In addition, government and public concern towards going green along with the global shift towards solar energy make solar power banks the perfect, or at least desired, substitute for traditional power banks.
There are some problems on its way to become successful such as high initial costs and the problem due to which it depends on the weather for good charging through solar panel. However, the implementations are continuing even with the prices falling, which will potentially improve to help solar power banks be more accessible to the general public. Also, the rising culture of environmentally friendly products’ use is projected to drive the consumption of solar gadgets in multiple areas.
Solar Power Bank Market Trend Analysis:
Integration of Smart Technology in Solar Power Banks
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Smart integration in the solar power banks has slowly become a factor that is emerging in the market. Currently, most contemporary portable solar power packs come with additional features such as Bluetooth technology that enables users to view battery conditions and charging performance through their smartphone devices. Some models have created smart power control which identifies the charging rate of the charging device, the charging rate can be controlled and optimal energy usage can be enhanced which in a way helps to prolong battery life.
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In the same breath, collapsible solar panel with built-in USB ports, wireless charging, and compatibility with multiple devices is on the market. These innovations are not only turning solar power banks into so much more portable but also more multipurpose, satisfying the modern customer who expects his/her chargers to be versatile. The trend of introducing smart technology is also predicted to contribute to the expansion of market demand as customers prefer to get best and convenient solar power kits.
Growth in Outdoor Activities and Travel Market
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Therefore, solar power banks will experience a high demand due to the increasing number of people going for camping, hiking, and backpacking and other outdoor activities. These activities occur in regions where it is difficult to get an access to standard power sources. Solar power banks are the perfect solution to a renewable, mobile source of energy that can be used to charge different gadgets during a journey.
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This opportunity is believed to be promoted by increase in travel and adventure tourism in the future. As more and more people start searching for means to keep their electronic devices charged during a hike, solar power banks have become indispensable for keeping communication devices, GPS, and cameras charged. The increasing propensity for outdoor recreation and travel is a promising market to consider for the solar power manufacturers to diversify their product portfolios to new target markets.
Solar Power Bank Market Segment Analysis:
Solar Power Bank Market Segmented on the basis of Type, Capacity, USB Port Type, Distribution Channel, Application, End User, and Region.
By Type, Portable Solar Power Banks segment is expected to dominate the market during the forecast period
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The solar power bank market can be categorized into three primary types: portable solar power bank, foldable solar power bank and some other portable solar power products. The most frequently used are those resembling the common portable power bank specifically for solar energy. These devices provide a conventional solar panel hence providing power for charging of the gadgets on the move. They continue to enjoy a very high level of preference owed to their compact size and flexibility of use.
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On the other hand, foldable solar power banks have sufficient geometry, which we is suitable for the capture and conversion of solar power on the face of the charging platform. Their foldable layouts ensure they are portable and yet offer the feature of charging many gadgets at once. Other encompasses less frequent types of solar power banks which may contain other features or is designed for different types of users with larger battery capacity for outdoors and emergencies, etc
By Application, Smartphones and Tablets segment expected to held the largest share
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The market for the solar power bank can also be categorized according to its applications. South Korean smartphone makers key application segments are mobile phones and tablets, notebook compute digital camera and others. By far the largest section is the mobile phones followed by the tablets as they are two of the most common gadgets people use and they most definitely always run out of battery when used outside a power outlet. Solar power banks which address these uses features multiple USB ports in order to charge multiple devices at once at high speeds.
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Other common uses of the solar power bank include use in laptop and camera, mainly because they are some of the devices with high power consumption. Solar power banks that will be used for these applications will usually come with higher battery capacities as well as more efficient and higher capacity solar panels for charging. There are other related applications such as GPS device, portable speakers, drones that may require special charging inputs but at the same time enhancement from micro solar power banks for their portability and sustainability.
Solar Power Bank Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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The aforementioned report also predicts that North America will be the leading shareholder in the solar power bank market primarily due to has the most stringent environmental protection measures and advanced technology in utilizing renewable energy. Another reason that has led to the enhancement of solar power bank usage is the shifting worldwide trend of using solar power as a main source of energy in homes and offices. Due to a high number of recreationally active citizens and the increasing popularity of portable technology, North America can be seen as the region of interest for companies that deal with the production of solar power banks.
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The region also receives good infrastructure for distribution and retail of solar powered devices, thanks to good policies and incentives towards the use of renewable energy products by the various governments. The increasing level of awareness of ecological problems is expected to help North America maintain its position as a region of leading demand for solar power banks as well as retaining its innovative leadership in this field.
Active Key Players in the Solar Power Bank Market
- ALLPOWERS (China)
- Anker Innovations (China)
- ECO-WORTHY (China)
- Goal Zero (USA)
- Nekteck (USA)
- PowerTraveller (UK)
- RAVPower (China)
- Renogy (USA)
- Solaray (USA)
- Solgaard (USA)
- SunJack (USA)
- Xtorm (Netherlands)
- Other Active Players.
Key Industry Developments in the Solar Power Bank Market:
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In September 2024, a report by Bloomberg New Energy Finance (BNEF) forecast a significant surge in global solar power installations, projecting 592 GW of solar PV installations. This anticipated growth is expected to positively impact the solar power bank segment, as more consumers seek portable solar charging solutions. BNEF is a leading research organization that provides insights and analysis on the energy transition and clean technologies.
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In July 2023, RAVPower, a leading brand known for its innovative portable charging solutions, announced a partnership with several prominent outdoor retailers. The collaboration aimed to promote RAVPower's latest solar power bank, which features a built-in flashlight and multiple charging options, making it an ideal companion for campers and hikers seeking reliable power on their adventures.
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In April 2023, BioLite, a company dedicated to providing innovative energy solutions for outdoor enthusiasts, announced a collaboration with various environmental NGOs to promote its solar power bank product line. This initiative focuses on sustainable energy solutions tailored for outdoor activities and emergency preparedness.
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In February 2023, UBON, a domestic consumer electronics brand known for its innovative mobile accessories, launched the PB-X35 transparent power bank. This device features a capacity of 10,000 mAh and incorporates advanced safety features such as short circuit and overheating protection. The PB-X35 is designed to provide a quick and safe charging experience.
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Global Solar Power Bank Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 14.69 Billion |
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Forecast Period 2024-32 CAGR: |
8.6% |
Market Size in 2032: |
USD 30.87 Billion |
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Segments Covered: |
By Type |
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By Capacity |
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By USB Port Type |
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By Distribution Channel |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Solar Power Bank Market by Product Type
4.1 Solar Power Bank Market Snapshot and Growth Engine
4.2 Solar Power Bank Market Overview
4.3 Recombinant Somatropin
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Recombinant Somatropin: Geographic Segmentation Analysis
4.4 Synthetic Somatropin
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Synthetic Somatropin: Geographic Segmentation Analysis
Chapter 5: Solar Power Bank Market by Application
5.1 Solar Power Bank Market Snapshot and Growth Engine
5.2 Solar Power Bank Market Overview
5.3 Growth Hormone Deficiency
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Growth Hormone Deficiency: Geographic Segmentation Analysis
5.4 Turner Syndrome
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Turner Syndrome: Geographic Segmentation Analysis
5.5 Chronic Kidney Disease
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Chronic Kidney Disease: Geographic Segmentation Analysis
5.6 Idiopathic Short Stature
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Idiopathic Short Stature: Geographic Segmentation Analysis
5.7 Prader-Willi Syndrome
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Prader-Willi Syndrome: Geographic Segmentation Analysis
5.8 Others
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Others: Geographic Segmentation Analysis
Chapter 6: Solar Power Bank Market by End-User
6.1 Solar Power Bank Market Snapshot and Growth Engine
6.2 Solar Power Bank Market Overview
6.3 Hospitals
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hospitals: Geographic Segmentation Analysis
6.4 Clinics
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Clinics: Geographic Segmentation Analysis
6.5 Homecare Settings
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Homecare Settings: Geographic Segmentation Analysis
Chapter 7: Solar Power Bank Market by Distribution Channel
7.1 Solar Power Bank Market Snapshot and Growth Engine
7.2 Solar Power Bank Market Overview
7.3 Direct Tender
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Direct Tender: Geographic Segmentation Analysis
7.4 Retail Pharmacies
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Retail Pharmacies: Geographic Segmentation Analysis
7.5 Online Pharmacies
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Online Pharmacies: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Solar Power Bank Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 ANKER INNOVATIONS (CHINA)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 RAVPOWER (CHINA)
8.4 GOAL ZERO (USA)
8.5 SOLGAARD (USA).ECO-WORTHY (CHINA)
8.6 SUNJACK (USA)
8.7 NEKTECK (USA)
8.8 XTORM (NETHERLANDS)
8.9 RENOGY (USA)
8.10 SOLARAY (USA)
8.11 ALLPOWERS (CHINA)
8.12 POWERTRAVELLER (UK)
8.13 OTHER ACTIVE PLAYERS
Chapter 9: Global Solar Power Bank Market By Region
9.1 Overview
9.2. North America Solar Power Bank Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Product Type
9.2.4.1 Recombinant Somatropin
9.2.4.2 Synthetic Somatropin
9.2.5 Historic and Forecasted Market Size By Application
9.2.5.1 Growth Hormone Deficiency
9.2.5.2 Turner Syndrome
9.2.5.3 Chronic Kidney Disease
9.2.5.4 Idiopathic Short Stature
9.2.5.5 Prader-Willi Syndrome
9.2.5.6 Others
9.2.6 Historic and Forecasted Market Size By End-User
9.2.6.1 Hospitals
9.2.6.2 Clinics
9.2.6.3 Homecare Settings
9.2.7 Historic and Forecasted Market Size By Distribution Channel
9.2.7.1 Direct Tender
9.2.7.2 Retail Pharmacies
9.2.7.3 Online Pharmacies
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Solar Power Bank Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Product Type
9.3.4.1 Recombinant Somatropin
9.3.4.2 Synthetic Somatropin
9.3.5 Historic and Forecasted Market Size By Application
9.3.5.1 Growth Hormone Deficiency
9.3.5.2 Turner Syndrome
9.3.5.3 Chronic Kidney Disease
9.3.5.4 Idiopathic Short Stature
9.3.5.5 Prader-Willi Syndrome
9.3.5.6 Others
9.3.6 Historic and Forecasted Market Size By End-User
9.3.6.1 Hospitals
9.3.6.2 Clinics
9.3.6.3 Homecare Settings
9.3.7 Historic and Forecasted Market Size By Distribution Channel
9.3.7.1 Direct Tender
9.3.7.2 Retail Pharmacies
9.3.7.3 Online Pharmacies
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Russia
9.3.8.2 Bulgaria
9.3.8.3 The Czech Republic
9.3.8.4 Hungary
9.3.8.5 Poland
9.3.8.6 Romania
9.3.8.7 Rest of Eastern Europe
9.4. Western Europe Solar Power Bank Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Product Type
9.4.4.1 Recombinant Somatropin
9.4.4.2 Synthetic Somatropin
9.4.5 Historic and Forecasted Market Size By Application
9.4.5.1 Growth Hormone Deficiency
9.4.5.2 Turner Syndrome
9.4.5.3 Chronic Kidney Disease
9.4.5.4 Idiopathic Short Stature
9.4.5.5 Prader-Willi Syndrome
9.4.5.6 Others
9.4.6 Historic and Forecasted Market Size By End-User
9.4.6.1 Hospitals
9.4.6.2 Clinics
9.4.6.3 Homecare Settings
9.4.7 Historic and Forecasted Market Size By Distribution Channel
9.4.7.1 Direct Tender
9.4.7.2 Retail Pharmacies
9.4.7.3 Online Pharmacies
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 The Netherlands
9.4.8.5 Italy
9.4.8.6 Spain
9.4.8.7 Rest of Western Europe
9.5. Asia Pacific Solar Power Bank Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Product Type
9.5.4.1 Recombinant Somatropin
9.5.4.2 Synthetic Somatropin
9.5.5 Historic and Forecasted Market Size By Application
9.5.5.1 Growth Hormone Deficiency
9.5.5.2 Turner Syndrome
9.5.5.3 Chronic Kidney Disease
9.5.5.4 Idiopathic Short Stature
9.5.5.5 Prader-Willi Syndrome
9.5.5.6 Others
9.5.6 Historic and Forecasted Market Size By End-User
9.5.6.1 Hospitals
9.5.6.2 Clinics
9.5.6.3 Homecare Settings
9.5.7 Historic and Forecasted Market Size By Distribution Channel
9.5.7.1 Direct Tender
9.5.7.2 Retail Pharmacies
9.5.7.3 Online Pharmacies
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Solar Power Bank Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Product Type
9.6.4.1 Recombinant Somatropin
9.6.4.2 Synthetic Somatropin
9.6.5 Historic and Forecasted Market Size By Application
9.6.5.1 Growth Hormone Deficiency
9.6.5.2 Turner Syndrome
9.6.5.3 Chronic Kidney Disease
9.6.5.4 Idiopathic Short Stature
9.6.5.5 Prader-Willi Syndrome
9.6.5.6 Others
9.6.6 Historic and Forecasted Market Size By End-User
9.6.6.1 Hospitals
9.6.6.2 Clinics
9.6.6.3 Homecare Settings
9.6.7 Historic and Forecasted Market Size By Distribution Channel
9.6.7.1 Direct Tender
9.6.7.2 Retail Pharmacies
9.6.7.3 Online Pharmacies
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkiye
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Solar Power Bank Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Product Type
9.7.4.1 Recombinant Somatropin
9.7.4.2 Synthetic Somatropin
9.7.5 Historic and Forecasted Market Size By Application
9.7.5.1 Growth Hormone Deficiency
9.7.5.2 Turner Syndrome
9.7.5.3 Chronic Kidney Disease
9.7.5.4 Idiopathic Short Stature
9.7.5.5 Prader-Willi Syndrome
9.7.5.6 Others
9.7.6 Historic and Forecasted Market Size By End-User
9.7.6.1 Hospitals
9.7.6.2 Clinics
9.7.6.3 Homecare Settings
9.7.7 Historic and Forecasted Market Size By Distribution Channel
9.7.7.1 Direct Tender
9.7.7.2 Retail Pharmacies
9.7.7.3 Online Pharmacies
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
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Global Solar Power Bank Market |
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|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 14.69 Billion |
|
Forecast Period 2024-32 CAGR: |
8.6% |
Market Size in 2032: |
USD 30.87 Billion |
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Segments Covered: |
By Type |
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By Capacity |
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By USB Port Type |
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By Distribution Channel |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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