The 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 involves the manufacturing and selling of chairs equipped with integrated solar panels. These solar chairs are able to harness solar energy during the day and use that stored energy to charge electronic devices. They find widespread applications in outdoor settings like parks, beaches, camping sites etc. where people need power for their mobile phones and laptops but do not have access to conventional electricity sources. Some key product types include folding solar chairs, adjustable solar loungers, heavy duty solar camping chairs and water resistant solar beach chairs.
Market Dynamics:
The growth of the Solar Chair Market is driven by two main factors – increasing outdoor recreational activities and rising adoption of renewable energy solutions.
Firstly, with rising incomes and greater health awareness, people are spending more time involved in outdoor recreational activities like camping, hiking, beach outings etc. This growing outdoor enthusiast consumer base is creating steady demand for portable solar powered products like solar chairs that can charge their devices while enjoying the outdoors without needing access to electricity grids.
Secondly, there is a strong push worldwide towards generating energy from cleaner and greener sources like solar owing to environmental concerns. Solar chairs allow individuals to harness personal solar power in an interesting product format. Their small scale production and use of solar energy aligns well with the broader renewable energy transition trend, thus propelling the Solar Chair Market.
Segment Analysis
The global solar chair market is dominated by the portable solar chair sub-segment. Portable solar chairs are convenient to carry and can be used flexibly at picnics, beaches, camping or hiking. Their lightweight structure makes them easy to transport. As more people seek camping and outdoor activities for leisure, the demand for portable solar chairs is seeing steady rise.
PEST Analysis
Political: Favorable government policies supporting solar energy adoption and reducing reliance on fossil fuels are boosting demand for solar chairs. Some regions offer subsidies for solar products.
Economic: Increasing disposable incomes and spending on outdoors and leisure activities is fueling the sales of solar chairs which provide convenient charging solutions.
Social: Growing health awareness and interest in spending time outdoors in contact with nature is driving the popularity of solar chairs for activities like camping, hiking and picnics.
Technological: Advancements in solar panel technology have enhanced energy output and efficiency. Lithium-ion batteries provide longer backup. New product launches integrate connectivity features.
Key Takeaways
The Global Solar Chair Market Size was valued at US$ 1.79 Bn in 2023 and is expected to reach US$ 3.12 Bn by 2030, expanding at a CAGR of 13% during the forecast period. Portable and foldable solar chairs having weight less than 15 kg are gaining increased acceptability.
Regional analysis – North America dominates the solar chair market currently owing to rising awareness about green products and outdoor recreation activities. The Asia Pacific market is anticipated to be the fastest growing region due to rising disposable incomes, hot climate conditions suitable for solar technology adoption, and presence of leading manufacturers in the region.
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. Major players are focusing on integrating smart features and developing innovative 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
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.