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.
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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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