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Solar-Powered Gadgets Market Trends

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

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Solar-Powered Gadgets Market Trends

The market driven by rapid technology and need changes for consumers and commercial needs. In the coming years, solar technology poised for significant advancements, promising to transform energy generation and storage. Perovskite solar cells, noted for their high efficiency and affordability, expected to surpass traditional silicon-based cells in market dominance.

Increasing demand for adaptable solar panels is driving the development of flexible and lightweight options. These panels can conform to curved surfaces, integrate into building materials, and even made transparent. This expansion in potential applications opens new markets, from vehicle-integrated solar panels to solar-powered clothing.

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.