The article cited AMA's Global Solar Cookers Market Study explored substantial growth with CAGR of 8.5%. According the report, Utilization of Solar Power is one of the primary growth factors for the market. Growing awareness of the use of renewable energy
is also expected to contribute significantly to the Solar Cookers market. Overall, Residential
applications of Solar Cookers, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Solar Cookers market identified that the demand is rising in many different parts of the world as "The Rising Demand from Asia Pacific & Latin AMerica Region". Furthermore, some recent industry insights like "In 2018, GoSun, the world’s leading solar cooking brand, has provided 1,500 of their GoSun Sport portable solar ovens to the American Red Cross to support relief efforts in the aftermath of Super-Typhoon “Yutu” which struck the United States. Territories of the North Mariana Islands. The durable, portable eight-pound device cooks a wide variety of foods, anywhere under any conditions, fueled solely by the rays of the sun." is constantly making the industry dynamic.
The Distribution Channel, such as Direct Sales, is boosting the Solar Cookers market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Solar Cookers market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Solar Cookers market and other related sub-markets covered in the study.
o Key & emerging players in the Solar Cookers market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Solar Cookers market size is calculated using market estimation process, the Solar Cookers market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Solar Cookers market size has been validated using both top-down and bottom-up approaches.