The solar cooker market growth is driven by the rising support from the government in terms of funding and awareness programs to promote renewable energy sources for energy generation and cooking. Additionally, the advent of technology and increasing awareness of renewable energy sources has helped develop the solar cooker market. The technological developments in the photovoltaic industry have also led to the cheap availability of solar cookers. Furthermore, declining the purchase price and upgrading the products to maturity are expected to propel the market over the forecast period.
MARKET SCOPE
The "Global Solar Cooker Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the steam condenser for the thermal power plant market with detailed market segmentation by type, application, and geography. The global solar cooker market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading solar cooker market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global solar cooker market is segmented by type, and application.
- On the basis of type, the market is segmented into Solar Box Cooker, Solar Panel Cooker, Solar Parabolic Cooker.
- On the basis of application, the market is segmented into Water Distillation and Purification, Solar Smelting, Grain Sterilization, Medical Equipment Sterilization, Others.
MARKET DYNAMICS
Drivers-
- Declining the purchase price and upgrading the products to maturity are expected to propel the market over the forecast period.
Restrains
- A solar cooker cannot be used at night and in bad weather, which will hamper the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The Covid-19 pandemic has greatly impacted the market to a large extent. Due to the lack of materials, manufacturers have been compelled to pick between briefly stopping or restricting creation, paying more for crude materials (and trusting that clients will pay more for their items), and searching for appropriate other options. So far, renewable energy has outperformed the rest of the energy sector. Nonetheless, the crisis has severely affected project schedules and industries. Lockdown measures, combined with lower fuel and electricity demand, have slowed the opening of new facilities and the commissioning of new plants. At the same time, the availability of finance has reduced, and investors' risk appetite has decreased, affecting future investments and installations. However, not all of the consequences of the economic slowdown are negative; some have a positive impact on the market. As more governments pledge to build a better future, efforts to decarbonize the energy sector may gain traction. It would imply a more rapid deployment of renewables in the energy and power sectors. Furthermore, Sino-American Silicon Products Inc. (SAS) launched the CelcoN N-type high-efficiency solar cell module in June 2019. These solar cells are used in a regular or bifacial module to generate an additional 10-20% electricity from the back side. These developments by the key players might help the market to recover from the covid-19 disruptions to some extent.
MARKET PLAYERS
The reports cover key developments in the solar cooker market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from solar cookermarket are anticipated to lucrative growth opportunities in the future with the rising demand for solar cooker in the global market. Below mentioned is the list of few companies engaged in the solar cooker market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar cooker market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
- Sun Oven
- Sunrise Global Solar Energy
- Solar Cookers International
- Sun Fire
- Solar Cookers International
- Rudra Solar Energy
- Sino-American Silicon Products Inc
- Kavita Solar Energy Private Ltd