What is Solar Power Mobile Devices Market?
Solar powered cell phone uses solar power to charge the battery or supply electricity to the device. It does not require any external electricity source to function. It provides the convenience by having an option of conventional charging. Also, the use of the product depends on how often the people use mobile phones. Due to the rising awareness about the environmental effect, the people are inclined towards the usage of green technology. This factor is increasing the demand for the devices that uses renewable energy which is fueling the market growth.
The market study is being classified and major geographies with country level break-up.
Samsung (South Korea), Nokia (Finland), LG Electronics (South Korea), ZTE Corporation (China), Micromax (India), Webroot Inc. (United States) and Sharp Electronics Corporation (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that South Korea Players will contribute to the maximum growth of Global Solar Power Mobile Devices market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Solar Power Mobile Devices market by Type, Application and Region.
On the basis of geography, the market of Solar Power Mobile Devices 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Ease of Use and Portability of Mobile Devices Powered with Solar Energy
- Increasing Usage of Smartphones Globally is Fueling the Market Growth
Market Trend
- Inclination of Individuals towards the Eco-Friendly Products
Restraints
- Limitation in Usage of Solar Phone Chargers for Daily Use
- Longer Charge Time Required by Solar Chargers
Opportunities
- Increasing Disposable Income among the Individuals
Challenges
- Presence of Major Players is leading to Stiff Competition
- Low Awareness about the Solar Powered Mobile Phones
Market Leaders and some development strategies
On 28th January 2019, Samsung electronics has acquired Corephotonics which provides dual camera technologies for mobile devices.
On 16th August 2018, Micromax has planned to launch a phone with solar panel. It will charge the phone within 3 hours which supports 1.5 hours of talk time.
Key Target Audience
Manufacturers, Raw material supplier, Government associations, Research organizations, Enterprise software vendors and Others