Global Solar Cookers Market Overview:
A solar cooker is a device which uses directly the sunlight energy to cook food materials or pasteurize drink. Many solar cookers currently in the use are relatively inexpensive, while some are as expensive and advanced as traditional stoves. The solar cooker does not require fuel and operating cost and therefore, it has gained popularity among the developing nations. Moreover, many non-profit organizations and government organizations are promoting their use among the globe in order to reduce fuel cost and pollution. The solar cooker is environmentally friendly and it slows down the deforestation and desertification caused by gathering firewood for cooking.
As per latest study released by AMA Research, the Global Solar Cookers market is expected to see growth rate of 8.5% and may see market size of USD3.4 Billion by 2027.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Solar Cookers International (United States), Sunrise Global Solar Energy (Taiwan), Sun Fire (South Africa), Rudra Solar Energy (India), Sun Oven (United States), GoSun Inc. (United States), Cantinawest (United States) and One Earth Designs Limited (Hong Kong) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growing awareness of the use of renewable energy
- Favorable Government Policies and Subsidies
- Growing Concern about Environmental Pollution
Roadblocks
Opportunities
- The Rising Demand from Asia Pacific & Latin AMerica Region
Competitive Landscape:
Industry Players of Solar cookers Market are seeing huge potential in emerging economies having large rural populations as they rely heavily on liquified petroleum gas, fuel-wood, and cattle waste for cooking. This may act as a value proposition over price offered along with environmental benefits over conventional fuels.
Some of the key players profiled in the report are Solar Cookers International (United States), Sunrise Global Solar Energy (Taiwan), Sun Fire (South Africa), Rudra Solar Energy (India), Sun Oven (United States), GoSun Inc. (United States), Cantinawest (United States) and One Earth Designs Limited (Hong Kong). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Solar Cookers market by 2027. Considering Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Solar Cookers market.
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.
Government initiatives like supporting in the form of financial incentives to boost renewable source of energy would certainly increase long term demand.
What Can be Explored with the Solar Cookers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Solar Cookers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Solar Cookers
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Cookers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Cookers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Solar Cookers Manufacturers, Solar Cookers Raw Material Suppliers, Solar Cookers Traders/Distributors/Wholesalers, Solar Cookers Importer/Exporter, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.