Solar Umbrella Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

Solar Umbrella Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

Solar Umbrella market is driven by rising construction of commercial buildings, growing solar projects, and shifting consumer preference for sustainable products.

A solar umbrella is a type of awning that consists of solar panels, a bottom pole, and an umbrella frame. The umbrella is equipped with solar panels that collect sunlight and use it to run the lighting system or possibly even charge electrical devices. Although they have a limited capacity for producing free energy, solar umbrellas are perfect for supplying outdoor spaces with the energy they require. due to the fact that they are not intended to provide the volume of energy needed to power a home. They work great for charging other low-voltage gadgets as well as lighting the patio or garden.

The panels of a solar umbrella collect solar energy, which is then stored in a battery pack inside the umbrella. The batteries can be used to charge electronics or power LED lights. The solar umbrella is usually installed the same way as other umbrella frame. However, the consumers need to attach the solar panels on the top of the umbrella’s canopy.

The installation process has already been made simpler by the majority of manufacturers, enabling amateur installation where there is no need of any professional. Most installations should be finished in less than 30 minutes.

The solar panel must be mounted on top of the umbrella, and the plug and wiring must be hidden inside the groove. To effectively finish the panel installation, plug the solar panel into the socket that comes from the frame. The final step in the installation process is typically threading the frame through the umbrella pole and fastening it with a nut similar to putting together a typical umbrella. Depending on the model and manufacturer, there may be a slight difference in the installation process.

Technological Advancement is Fueling the Market Growth

, Depending on the manufacturer, design, and material various features are available in solar umbrellas. Modern solar umbrellas come equipped with a wind sensor that closes if wind speeds rise too high. Additionally, there are models that can track the sun throughout the day and change their position as the sun moves. Furthermore, some models might have built-in speakers, security cameras, Bluetooth, and Wi-Fi. For instance, Guangzhou Huami Solar Power Co., Ltd, a Chinese company offers 160W USB WiFi AC DC Function Foldable Solar Umbrella for Garden, Hotel and Beach. The constant product enhancements and technological changes are expected to drive the market during the forecast period.

Growing Usage of Solar Energy is Driving the Market Growth

The technology in the solar energy sector is constantly improving and advancements to accelerate in the coming years. Nanotechnology and quantum physics advancements have the potential to boost solar panel efficiency and double or even triple the electrical input of solar power systems. To a new record high, primary global energy consumption increased by 5.5% in 2021. In contrast to 2020's, Covid-19 energy consumption decline, this represented the fastest energy consumption growth since the early 1970s and is a reflection of strong global demand. The growing usage of solar energy is helping the market to grow as consumers are shifting towards solar powered products.

Rising Infrastructure is Boosting the Market Growth

The urgent need for significant infrastructure on a global scale is widely acknowledged. The future accessibility of clean drinking water, housing and commercial space, lighting, sanitation, and other essential resources for populations around the world will heavily depend on upgraded or new infrastructure. As a result, it is estimated that the world needs to invest USD 3.9 trillion in infrastructure each year, with emerging markets having the highest demands. The need for new and updated infrastructure is becoming even more critical as a result of increasing urbanization, population growth, and economic expansion — forces that are particularly strong in developing countries. By 2050, the urban population is projected to increase from the current USD 3.9 billion to about USD 6.3 billion. In order for Asia to maintain its growth momentum, eradicate poverty, and effectively combat climate change, the Asian Development Bank (ADB) estimates that approximately USD 1.7 trillion is needed to be invested annually in infrastructure all across Asia through 2030. These changes in the world are driving the demand for solar umbrella owing to the increase in investment for infrastructure as solar umbrella are installed in parks, resorts and even in households where people have their own backyard.

Market Segmentation

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 further 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. 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.

Company Profiles

AB Electrolux, Viking Range, Llc, Haier lnc., Perlick Corporation, Danby Appliances Inc., Climadiff S.A., LG Corporation, Miele & Cie. KG, Liebherr-International Deutschland GmbH, and Siemens AG are among the major market players in the global platform that lead the market growth of the global Solar Umbrella market.

Report Scope:

In this report, the global Solar Umbrella market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Global Solar Umbrella Market, By Fabric Type:
• Acrylic
• Polyester
• Others
• Global Solar Umbrella Market, By End Use:
• Residential
• Hotels/Resorts
• Foodservice
• Parks
• Other Open-Air Places
• Global Solar Umbrella Market, By Distribution Channel:
• Online
• Offline
• Global Solar Umbrella Market, By Region:
• Asia-Pacific
• China
• Japan
• India
• Australia
• New Zealand
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Spain
• Italy
• Middle East & Africa
• Saudi Arabia
• UAE
• Qatar
• South Africa
• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global Solar Umbrella market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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