Press Release

Solar Umbrella Market is Fueled by Demand from Residential Sector During the Forecast Period

Increasing use of solar energy and growing consumer preference for sustainable products is expected to drive the global Solar Umbrella market.


According to TechSci Research report, “Solar Umbrella Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”,Solar Umbrella Market is driven by rising infrastructure, increasing usage of solar energy, and investment in research and development.

Although solar energy has long been praised as a safe, dependable source of energy but its acceptance as a mainstream alternative energy source has lagged. Solar electric systems are bulky and expensive to install, but they can significantly reduce utility bills.

However, there are no such issues with solar umbrellas. A solar umbrella looks similar to any sleek, fashionable umbrella you might see on a patio to the untrained eye. The primary distinction is that a solar umbrella is made to absorb sunlight during the day and transform it into energy for the LED lighting to operate at night.

The typical power source for solar umbrellas is a small solar panel that is mounted to the top of the device and is constantly exposed to the sun. The device uses a process known as the photovoltaic effect to capture sunlight and convert it into electricity. The built-in LED lighting is powered by the energy that is then stored and made available by flipping a switch on the umbrella pole.

The primary advantage of solar umbrellas is their convenience factor. A solar umbrella placed on a patio provides lighting at night and shade during the day in one convenient package. There is no need to wire lights or run extension cords throughout the backyard. The power is handled by the sun. Consumers only need to flip a switch.

It is significantly more expensive than a standard umbrella because it includes several expensive electrical components, including solar panels, an inverter, batteries, led lights, and many others. Of all these components, the solar panel is the most expensive, even though it is currently trendy and therefore more expensive than it used to be. According to the price, it is between USD100 and USD200.


Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Solar Umbrella Market"


The global Solar Umbrella market is segmented on the basis of fabric type, end use, distribution channel, region, and competitional landscape. On the basis of fabric type, the market is divided into acrylic, polyester, and others. Based on end use, the market is segmented into residential, hotels/resorts, foodservice, parks, and other open-air places. Based on the basis of distribution channel, the market is further bifurcated into online and offline. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

One can even connect the inverter to a large battery and allow consumers to store energy or charge up that battery during the day. However, since it typically recharges 12V batteries in order to power the lights, the money spent on such an expensive model will not be wasted at all even though consumers can use it to save money as well.

This product is being developed with many variations, including built-in fans, built-in air conditioners, and of course built-in lights. The use of solar energy is very effective, and slowly but surely, this system is being used to reduce overall household conventional electricity use.


Key market players in the Solar Umbrella market include:

  • Maodi Solar Technology (Dongguan) Co.,Ltd
  • Gale Pacific Limited
  • ZENY Group
  • Global Reality Ltd
  • Costway.com, Inc.
  • SHARLOMAY LTD
  • Bluesun Group Limited
  • MidtownUmbrellas.com
  • Wayfair LLC
  • Best Choice Products, Inc.

 

‘Many businesses are innovating their products to cater to the expanding market and gain an advantage over their rivals. For instance, the Energie Umbrella has solar panels, a built-in fan, and USB charging built into the handle. The canopy is also extremely durable and can withstand any type of weather. Energie Umbrella has the ability to be charged but also works great from solar charging. The Energie Umbrella has enough space for two adults to stand comfortably underneath it. The consumer won't have to worry about receiving an electrical shock when using this umbrella in the rain because it was designed for rainy weather.


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“Due to variations like built-in fans, built-in air conditioners, and of course built-in lights, the market for solar umbrellas is expanding. The use of solar energy is very effective, and slowly but surely, this system is being used to reduce overall household electricity use,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Solar Umbrella Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Fabric Type (Acrylic, Polyester, and Others (Olefin, Xceltex, etc.)), By End Use (Residential, Hotels/Resorts, Foodservice, Parks, and Other Open-Air Places) By Distribution Channel (Online and Offline), By Region, Competition”, has evaluated the future growth potential of Solar Umbrella and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in global Solar Umbrella market.


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