Solar Radio Market Scope
Solar radio is a simple radio powered by solar cells. It has been observed that the demand for solar radio is increasing due to the emergence of new radio channel stations and increasing new launches and technological advancement in the operating market. Additionally, an online platform such as Amazon.com is supplementing the growth of the market as it offers a wide range of products from different manufacturers and filters for better selection. However, smart mobile phones and tablets are the key major alternative present in the operating market and high cost associated with solar radio due to its solar panels and solar cells are the factors that have been limiting the overall growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Eton Corporation (United States), Kaito Electronics Inc. (United States), Stansport Inc. (United States), SolaDyne (United States), ABB (Switzerland), Aeris (United Kingdom) and General Electric (United States) |
CAGR | % |
Solar Radio is a Consolidated market due to the presence of less regional and international players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.The Vendors having a strong hold in the market are Eton Corporation, Kaito Electronics, Stansport, SolaDyne, Excalibur Products. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Solar Radio market throughout the predicted period.
Eton Corporation (United States), Kaito Electronics Inc. (United States), Stansport Inc. (United States), SolaDyne (United States), ABB (Switzerland), Aeris (United Kingdom) and General Electric (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Solar Radio market by Type and Region with country level break-up.
On the basis of geography, the market of Solar Radio has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In April 2023, Eton acquired 49% stake in Jiangsu Ryan Electrical Co. Ltd, a manufacturer of power distribution and sub-transmission transformers in China with revenues of approximately USD100 million in 2022.
In November 2023, Eton Corporation, learning codes, proximity tags and remote radio devices. Codes, Proximity tags and Handheld radio devices are learnt in using the User Menu, into User Code positions, this is normally done by the Master End User.
Influencing Trend:
Increasing Popularity for Radios due to New Shows including Recipe Shows, DJ party Shows and Others and Increasing Sales of Solar Radio due to an Emergence of Online Platform
Market Growth Drivers:
Increasing Demand due to an Emergence of New Radio Channel Stations and Increasing new launches and Technological Advancement in the Operating Market
Challenges:
Fluctuation in the Prices of the Raw Material and Intense Competition among key Players lead to Pricing Wars
Restraints:
Presence of Alternative in the Operating Market and High Cost Associated with Solar Radio due to its Solar Panels and Solar Cells
Opportunities:
Increasing Demand from the Asian Countries for Solar Radio due to the Increasing Promotional Activities by the Established Key Players and Rising Awareness for Clean Energy Products across the World
Key Target Audience
Solar Radio Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Potential Investors, Private Research Organization, Government Associations and Agencies and Others