Solar Battery Charger Market to Surpass 13% CAGR to 2020 Driven by Increased Electronic Devices Uses
The Global Solar Battery Charger Market 2016-2020 is a new research report added to ReportsnReports.com. The market for solar battery charger will have a positive outlook by 2020.
March 7, 2016 /MarketersMedia/ —
The analysts of solar battery charger market report says the demand for solar PV consumer products such as solar battery chargers is increasing steadily as they provide low-cost and clean power to end-users. These products are gradually replacing conventional battery chargers that operate on the central power supply. The solar battery charger market is growing steadily because of increased demand from the US, Germany, the UK, Spain, Japan, India, Thailand, and Italy.
Complete report on solar battery charger market spread across 44 pages, analyzing 5 major companies and provides 22 data exhibits is now available at http://www.reportsnreports.com/reports/495281-global-solar-battery-charger-market-2016-2020.html .
The analysts forecast global solar battery charger market to grow at a CAGR of 13.8% during the period 2016-2020. According to the report, growing population and rapid industrial development have increased the demand for power globally, which has resulted in a demand-supply gap. Solar battery chargers help meet the needs while minimizing the dependency on conventional sources of electricity. Also, these chargers can be used even when there is a power outage or any other emergency. The key end-users, such as the telecommunications and automobile industry, are driving the growth in the solar battery chargers market.
The recent advances in technology in the development of solar battery chargers are expected to contribute to the market growth during the forecast period. Manufacturers are looking to improve the quality of charge controllers, value-added features, and designs of solar battery chargers. These developments will not only lead to a reduction in operating cost but will also help these chargers deliver better quality and cleaner battery power.
Order a copy of Global Solar Battery Charger Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=495281.
End-user segmentation and analysis of the solar battery charger market: Individual consumers, Transportation and Military application.
During 2015, the individual consumer segment dominated the market with a market share of around 65%. Factors like the augmented usage of electronic devices and an increase in the time spent outdoors will bolster the growth of this market segment over the forecast period. Moreover, the increasing need for reliable chargers that do not depend on the main power supply will aid in the growth of this market segment.
The global solar battery charger market has a few international and regional vendors. The report predicts the market to be more competitive during the forecast period due to substantial investments in R&D to further improve the technology.
Top players in the Solar Battery Charger Market are Anker, Cobra, Goal Zero, Poweradd and Solio.
Other Prominent Vendors in the market are: All Powers, Endless Sun Solar, Powertraveller, Shenzhen Portable Electronic Technology, SunTactics and Suntrica.
Further, the report states that power output from solar PV depends upon the strength of sun rays, which varies according to the amount of cloud cover and the time of the day. This intermittent nature of solar energy results in a less reliable power source compared to conventional chargers.
Inquire for Discount @ http://www.reportsnreports.com/contacts/discount.aspx?name=495281.
About Us:
ReportsnReports.com is single source for all market research needs. The database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, ReportsnReports.com help in purchase decision by mapping information needs with it’s huge collection of reports.
For more information about us, please visit http://www.reportsnreports.com/reports/495281-global-solar-battery-charger-market-2016-2020.html
Contact Info:
Name: Ritesh Tiwari
Email: sales@reportsandreports.com
Organization: ReportsnReports
Phone: + 1 888 391 5441
Release ID: 105983
Copyright © 1999-2013 SproutNews.com
