Solar Cooker Market

A solar cooker is a device that heats, cooks, or pasteurizes beverages and other foods using the energy of direct sunshine. Many current solar cookers are low-tech and affordable, while some are as powerful or expensive as traditional stoves, and modern, large-scale solar cookers may cook for hundreds of people. Numerous beneficent associations are pushing their utilization worldwide to help cut fuel costs (particularly where financial correspondence is poor) and air contamination, just as the deforestation and desertification brought about by collecting kindling for cooking. Solar cookers are devices that use the sun's energy to cook, bake, and fry food. Pasteurization can also be done with solar cookers. Solar cookers transform solar energy into heat, which is then utilized to prepare meals. Solar box cookers, solar panel cookers, and solar parabolic cookers are the three basic categories based on construction. Solar box cookers are currently the most widely available type of solar cooker on the market. These cookers are incredibly durable and run safely, requiring little or no supervision during operation.

Market Scope and Structure Analysis

COVID-19 Impact analysis

• Because of the lack of materials, makers have been compelled to pick between briefly stopping or restricting creation, paying more for crude materials (and trusting that clients will pay more for their items), and searching for appropriate other options.
• So far, renewable energy has outperformed the rest of the energy sector. Nonetheless, the crisis has had a significant impact on project schedules and industries. Lockdown measures, combined with lower fuel and electricity demand, have slowed the opening of new facilities and the commissioning of new plants. At the same time, the availability of finance has decreased and investors' risk appetite has decreased, affecting future investments and installations.
• However, not all of the consequences of the economic slowdown are negative. As more governments pledge to build a better future, efforts to decarbonize the energy sector may gain traction. This would imply a more rapid deployment of renewables, both in the power sector and elsewhere.

Top Impacting factor

The solar cooker market is gaining traction as people become more aware of the benefits of renewable energy and novel applications for it in everyday life. Solar energy has not only been demonstrated to be a viable source of energy, but high levels of growth in the solar PV market have expanded the solar energy market's entire application segments. Solar cookers are capable of pasteurization and are particularly good at preserving the nutritional content of food. Another significant benefit of such solar cookers is their portability. The tiny size of these cookers allows them to be offered in the retail market without causing logistical problems. Costs are a big stumbling block for any renewable energy source. Solar cookers, on the other hand, are accessible at attractive prices, thus market expansion is not impeded by increased costs. Solar cookers also require very little maintenance, making them an appealing investment for homeowners.

Market Trends

• New product launch
• Sino-American Silicon Products Inc. (SAS) introduced the "CelcoN" N-type high efficiency solar cell module in June 2019. These solar cells are used in a regular or bifacial module to generate an additional 10-20% of electricity from the back side.
• In countries with substantial rural populations, these cookers are likely to find a market. In the future, the growing economies of Asia Pacific and Latin America are the most promising markets for solar cookers. Europe and North America are mature markets with consistent growth prospects.
• Solar cookers have become more affordable as a result of technological improvements in the photovoltaic (PV) industry. Furthermore, over the projection period, lowering the purchase price and upgrading the products to maturity are likely to enhance the market.
• Sunlight based cookers for indoor cooking can be worked as sun oriented broilers, boxed sun based cookers, dish sun based cookers, and local area sun based cookers, contingent upon the utilization. The case type sun powered cooker is the most well known type of sunlight based cooker available. The U.S. is the main producer of sun powered cookers, trailed by China.
• These cookers may have a lot of promise in markets with a lot of rural people. Cooking is heavily reliant on LPG, wood, and cow waste in rural areas. Solar cookers may soon become a compelling value proposition for these markets due to their low cost and environmental advantages over traditional fuels.

Key Segments Covered

Key Benefits of the Report

• This study presents the analytical depiction of the solar cooker industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the solar cooker market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the solar cooker market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed solar cooker market analysis based on competitive intensity and how the competition will take shape in coming years

 Solar Cooker Market Report Highlights