Global demand for solar cooker market was valued at approximately USD 1,845.0 Million in 2019, and is expected to generate revenue of around USD 3,209.3 Million by end of 2026, growing at a CAGR of around 8.7% between 2020 and 2026
According to the report, global demand for solar cooker market was valued at approximately USD 1,845.0 Million in 2019, and is expected to generate revenue of around USD 3,209.3 Million by end of 2026, growing at a CAGR of around 8.7% between 2020 and 2026.
The energy obtained due to the nuclear fusion of hydrogen and helium in the inner core of the sun is called as solar energy. The solar energy is considered to be safe, green and renewable energy. Solar cookers are the application of solar energy used to cook, bake, and fry food. Solar Cookers can also be used for pasteurization. Solar cooker converts the radiant energy to the heat energy which is used for cooking food.
Growing awareness for the use of renewable energy along with escalating prices of non renewable energy drives the solar cooker market. Government support and funding for the use of solar energy also stimulates the growth of solar cooker market. Also, development of new technologies utilizing solar energy along with introduction of cost efficient technologies compared to conventional energy sources foster the demand for the solar cooker market. However, lack of awareness among the developing countries and maturation of the solar cooker market in the developed countries may inhibit the growth of solar cooker market. Nevertheless, untapped opportunities from the emerging economies are likely to open new avenue in the near future.
The report provides a comprehensive view on the solar cooker market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the solar cooker market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
Various types of solar cooker are designed according to the intensity of exposure to the sun and according to the type of food to be cooked in. Solar panel cooker, solar parabolic cooker and solar box cooker are the types of solar cooker. Solar box cooker is the most widely known and used cooker due to easy and safe operating with no regulation required. The solar panel cooker consists of vessel kept in the center of the reflective panel to concentrate the radiations on the vessel. The solar panel is highly efficient as compared to solar box cooker. For obtaining high temperatures for grilling and frying food solar parabolic cooker is utilized. The only drawback for using of parabolic cookers is, they need to be adjusted according to the sun rays frequently for achieving high temperature and efficiency.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Asia Pacific and Latin America are the fastest growing market for the solar cooker market and is expected to accelerate the growth rate in the coming years. This is mainly attributed to the factors such as rising awareness along with accomplishment from the government for developing techniques for the use of solar energy. To meet the unmet demands for petroleum products such as use of LPG for cooking food from the escalating population, solar cooker are used on large scale. However, due to saturated market, North America and Europe are expected to exhibit steady growth during the forecast period. However, the U.S. is the largest producer for solar box cooker followed by China.
Solar Cookers International, Sunrise Global Solar Energy, Sun Fire Rudra Solar Energy, and Sun Oven are some of the key participants for the solar cooker market.
The report segments of the solar cooker market into:
Solar Cooker Market: Type Segment Analysis
Solar Cooker Market: Regional Segment Analysis
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