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Solar-Powered Gadgets Market Share

Report ID: GMI11475
Published Date: Sep 2024
Report Format: PDF

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Solar-Powered Gadgets Market Share

Solar-Powered Gadgets Market Company Share Analysis (2023)

In 2023, key companies like Hikvision Digital Technology, Sunlite Group, Garmin, Sunna Design, and Solar Solutions AG held a combined market share of 5%-8%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions. Manufacturers are also integrating solar power with technologies like IoT, smart home systems, and advanced battery management to offer more sophisticated products.

Solar-Powered Gadgets Market Companies

Major companies operating in the global solar-powered gadgets industry include:

Garmin
Gemma Lighting
GoSun
Hikvision Digital Technology
INVT Solar Technology
LS VISION Technology
Pvilion
Solar Solutions AG
Soleos
Sun Surveillance
Sunlite Group
Sunna Design
TENTSXPERT
UBON
Voltaic Systems

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The global solar-powered gadgets industry was valued at around USD 68.6 Billion in 2023 and is estimated to grow at a CAGR of around 11.3% from 2024 to 2032, owing to growing awareness of climate change and environmental degradation from traditional sources of energy.

The consumer electronics segment accounted for around USD 26.5 Billion in 2023 and expected to reach around USD 72.5 Billion by 2032 as advancements in battery technology have significantly enhanced the performance and reliability of solar energy systems.

North America solar-powered gadgets market held around 22% share in 2023 and anticipated to grow with a CAGR of around 11.5% through 2032, due to technological advancements, favorable government policies, and growing consumer and business interest in sustainable solutions.

Hikvision Digital Technology, INVT Solar Technology, LS VISION Technology, Pvilion, Solar Solutions AG, Soleos, Sun Surveillance, Sunlite Group, and Sunna Design among others.