GVR Report cover Solar Cooker Market Size, Share & Trends Report

Solar Cooker Market Size, Share & Trends Analysis Report By Product, By Technology, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Historical Data: ---
  • Forecast Period: 1 - 2025 
  • Industry: Energy & Power

The global solar cooker market is anticipated to grow significantly over the forecast period. The advent of technology and increasing awareness of the use of renewable sources of energy has helped in developing the global solar cooker market. The solar cookers trap solar energy and convert it into heat energy for cooking or heating purposes.  These cookers are cost-effective as they do not use any fuelwood or gas connections. They may primarily be used in the rural or semi-urban areas where fuel-wood is the chief source for energy especially in developing or under-developed countries. Solar cookers are the most accepted application in the renewable energy industry. The demand for these cookers has been continuously rising for the past few years and is expected to show similar trends in the future.

Governmental support in the form of financial incentives mainly in BRIC (Brazil, Russia, India, and Rep. of China) countries in order to minimize the hazards caused by the use of other fuels are expected to drive the demand for solar cookers. Additionally, the technological advancements in the photovoltaic (PV) industry have also led to the cheap availability of solar cookers. Furthermore, reducing the purchase price and upgrading the products to maturity is expected to boost the market over the next six years. The solar cooker market can be segmented on the basis of assembling techniques used for manufacturing. The solar cookers may be assembled according to the area of applications in the form of solar ovens, boxed solar cookers, dish solar cookers, and community solar cookers for indoor cooking. The most prominent type of solar cooker available in the market is the box-type solar cooker. The U.S. is the largest producer of solar cookers followed by China.

These cookers may find huge potential in markets having large rural populations. Rural populations depend heavily on LPG, fuel-wood, and cattle waste for cooking. Solar cookers may act as a value proposition to these markets in the near future on account of the price offered coupled with environmental benefits over conventional fuels. The developing economies of the Asia Pacific region and Latin America are the most potent markets for solar cookers in the near future. North America and Europe are mature markets for solar cookers which are expected to exhibit a steady growth regime over the next six years. Key market players include Sun Oven, Solar Cookers International, Sun Fire, and Sunrise Global Solar Energy among other companies.

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