SOLAR CHAIR MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

The global Solar Chair market size is estimated to be valued at US$ 1.79 billion in 2023 and is expected to reach US$ 4.21 billion by 2030, grow at a compound annual growth rate (CAGR) of 13% from 2023 to 2030. The solar chair market is experiencing growth due to the rising demand for sustainable and environmentally friendly products. As consumers increasingly prioritize sustainability, solar chairs offer a compelling alternative to traditional chairs by eliminating the need for electricity. Moreover, solar chairs appeal to individuals seeking to minimize their carbon footprint.

Furthermore, the market for solar chairs is propelled by the growing popularity of outdoor activities. Outdoor enthusiasts favor solar chairs as they provide a comfortable and convenient seating option, enabling individuals to relax and soak up the sun while enjoying various outdoor pursuits.

Solar Chair Market Regional Insights

• North America: North America is the largest market for Solar Chair, accounting for a share of over 35% in 2022. The solar chair market in North America is expected to have substantial potential due to the growing demand for sustainable and eco-friendly products. The United States and Canada are likely to be key markets for solar chairs, driven by a combination of environmental consciousness, technological advancements, and outdoor recreational activities.
• Europe: Europe is the second-largest market for Solar Chair, accounting for a share of over 25% in 2022. Europe is known for its strong focus on renewable energy and sustainable initiatives. Countries like Germany, the United Kingdom, France, and the Nordic countries have been early adopters of solar energy technologies. Consequently, the solar chair market in Europe could witness growth, supported by favorable government policies and the emphasis on eco-friendly practices.
• Asia-Pacific: Asia Pacific is the fastest-growing market for Solar Chair, accounting for a share of over 20% in 2022. The Asia-Pacific region, particularly countries like China, Japan, and South Korea, has been investing in renewable energy infrastructure and sustainable initiatives. This focus on clean energy can contribute to the growth of the solar chair market in the region. Additionally, emerging markets like India and Southeast Asian countries may also present opportunities for solar chair manufacturers.

Figure 1. Global Solar Chair Market Share (%), by Region, 2023

Solar Chair Market Drivers:

• Renewable Energy Awareness and Sustainability: Increasing awareness about the importance of renewable energy and sustainable practices is a major driver for the solar chair market. Consumers are seeking eco-friendly alternatives and sustainable solutions for their everyday activities, including outdoor seating options. Solar chairs offer a way to harness clean and renewable solar energy, reducing dependence on traditional power sources and minimizing carbon footprints.
• Environmental Regulations and Incentives: Government regulations and incentives play a significant role in driving the solar chair market. Many countries and regions have implemented policies that encourage the adoption of renewable energy technologies, including solar. These regulations may include renewable energy targets, tax incentives, grants, and subsidies for solar-powered products. Such initiatives create a favorable environment for the growth of the solar chair market by incentivizing businesses and individuals to invest in solar-powered furniture.
• Technological Advancements: Advances in solar energy and energy storage technologies have significantly improved the efficiency and usability of solar chairs. More efficient solar panels, lightweight battery systems, and innovative charging mechanisms have made solar chairs more practical and user-friendly. These technological advancements make solar chairs an attractive option for consumers, driving market growth.
• Outdoor Leisure and Recreation: Solar chairs are primarily used in outdoor leisure and recreational spaces, such as parks, beaches, campgrounds, and outdoor events. The increasing popularity of outdoor activities and the desire for convenient amenities in these settings contribute to the demand for solar chairs. People can relax and enjoy outdoor spaces while having access to solar-powered charging ports for their electronic devices or ambient lighting in the evening.

Solar Chair Market Opportunities:

• Outdoor Leisure and Hospitality Industry: The outdoor leisure and hospitality industry, including resorts, hotels, parks, beaches, and camping sites, presents a significant opportunity for solar chair manufacturers and suppliers. These establishments often seek innovative and sustainable amenities to enhance their offerings and attract eco-conscious customers. Solar chairs can provide a unique selling point by offering convenient charging options and sustainable seating solutions.
• Events and Festivals: Events and festivals, such as music festivals, trade shows, outdoor concerts, and sporting events, offer a prime opportunity for solar chairs. Attendees at these events often spend long hours outdoors and require charging facilities for their electronic devices. Solar chairs with built-in charging ports can fulfill this need while aligning with the sustainability goals of event organizers.
• Public Spaces and Urban Furniture: Municipalities and urban planners are increasingly focusing on creating sustainable and eco-friendly public spaces. Solar chairs can be integrated into parks, plazas, and other communal areas, providing seating options along with solar-powered amenities like charging stations and lighting. Collaborating with local governments and urban development authorities can open opportunities to supply solar chairs for public use.
• Corporate and Campus Environments: Many companies and educational institutions are incorporating sustainability initiatives into their corporate and campus environments. Solar chairs can be installed in outdoor areas, courtyards, and gardens, allowing employees, students, and visitors to work, relax, or study while benefiting from solar energy. Collaborating with businesses, campuses, and property developers can provide avenues for supplying solar chairs for these environments.

Solar Chair Market Trends:

• Integration of Smart Features: Solar chairs are increasingly being equipped with smart features and connectivity options. These may include built-in USB ports, wireless charging capabilities, Bluetooth speakers, and even smart controls that allow users to monitor energy production and consumption. Integrating these smart features enhances user convenience and provides a more seamless and interactive experience with solar chairs.
• Sustainable Materials and Eco-Friendly Designs: With increasing environmental awareness, there is a growing demand for solar chairs made from sustainable materials and featuring eco-friendly designs. Manufacturers are exploring options like recycled plastics, bamboo, or responsibly sourced wood for the construction of solar chairs. Additionally, eco-friendly manufacturing processes and recyclable packaging are becoming more prevalent to align with sustainable practices.
• Customization and Personalization: Consumers are increasingly seeking personalized products that align with their individual preferences. In response, solar chair manufacturers are offering customization options, allowing customers to choose specific colors, materials, and additional features to suit their tastes. Personalized solar chairs cater to consumers' desire for unique and tailored outdoor seating solutions.
• Growth in Online Retail Channels: The solar chair market, like many other industries, is experiencing a shift towards online retail channels. Consumers are increasingly purchasing solar chairs through e-commerce platforms, which offer a wide variety of options, customer reviews, and convenient doorstep delivery. Online channels provide manufacturers with a global reach and allow them to target customers beyond their local markets.

Solar Chair Market Restraints:

• High Initial Cost: Solar chairs typically have a higher upfront cost compared to traditional outdoor furniture. The integration of solar panels, energy storage systems, and other advanced features adds to the manufacturing and materials expenses. This higher cost can be a barrier to widespread adoption, especially for price-sensitive customers or businesses with budget constraints.
• Limited Power Generation and Storage: Solar chairs rely on sunlight to generate electricity, and their power generation and storage capacity are limited compared to conventional energy sources. Factors such as cloudy weather or shade can impact the efficiency of solar panels and reduce the amount of energy generated. Additionally, solar chairs may have limited battery capacity, affecting the availability of power during periods of low sunlight. These limitations can affect the usability and reliability of solar chairs, particularly in regions with inconsistent sunlight or longer periods of inclement weather.
• Space and Design Constraints: Solar panels require adequate space and exposure to sunlight for optimal energy generation. This can pose challenges in integrating solar panels into the design of chairs while maintaining their aesthetic appeal and functionality. Design constraints may limit the surface area available for solar panels, which can impact the overall power output and efficiency of solar chairs. Balancing design and solar energy integration can be a challenge for manufacturers

Recent Developments

New product launches

• Advanced Solar Panel Integration: Some companies have been focusing on integrating more efficient and flexible solar panels into their solar chairs. These panels are designed to capture sunlight from various angles and positions, improving energy generation and allowing for better integration with the chair's design.
• Enhanced Connectivity and Smart Features: Manufacturers are incorporating smart features into solar chairs, including wireless charging capabilities, Bluetooth connectivity, and mobile apps for remote control and monitoring. These advancements enable users to conveniently charge their devices, control lighting settings, and access additional functionalities through their smartphones.

• Lightweight and Portable Designs: There has been a trend towards developing lightweight and portable solar chairs. These chairs prioritize ease of transport and setup, making them suitable for outdoor activities like camping, festivals, and picnics. Some designs feature collapsible frames and compact folding mechanisms for enhanced portability.

Acquisition and partnerships

• In 2018, Solarcentury acquired Urban Volt, a leading provider of solar-powered street furniture. This acquisition gave Solarcentury a strong foothold in the fast-growing market for solar-powered outdoor seating.
• In 2019, Envision acquired Solr, a leading provider of solar-powered lighting solutions. This acquisition gave Envision a broader range of solar products and services to offer its customers.
• In 2020, SunPower partnered with IKEA to bring solar-powered furniture to IKEA stores worldwide. This partnership is expected to help SunPower reach a wider audience and grow its market share.

Figure 2. Global Solar Chair Market Share (%), by Type, 2023

Top companies in Solar Chair Market

1. EcoFlow Tech
2. Goal Zero
3. Renogy
4. Anker Innovations Limited
5. BioLite Inc.
6. Nekteck Inc.
7. Suaoki
8. X-DRAGON
9. ALLPOWERS
10. RAVPower
11. BigBlue
12. SunPower Corporation
13. Powertraveller International Ltd
14. Yingli Green Energy Holding Company Limited
15. Kingsolar

*Definition: A solar chair is a type of outdoor seating furniture that incorporates solar panels into its design, allowing it to harness solar energy and convert it into electricity. These chairs are equipped with features such as built-in charging ports or lighting systems, enabling users to charge their electronic devices or enjoy ambient lighting while outdoors.