Solar Backpack Market Insights Video

According to Cognitive Market Research, the global solar backpack market size is USD 105.6 million in 2024 and will expand at a compound annual growth rate (CAGR) of 15.60% from 2024 to 2031.

• North America held the major market of more than 40% of the global revenue with a market size of USD 42.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.8% from 2024 to 2031.
• Europe accounted for a share of over 30% of the global market size of USD 31.68 million.
• Asia Pacific held the market of around 23% of the global revenue with a market size of USD 24.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.6% from 2024 to 2031.
• Latin America's market will have more than 5% of the global revenue with a market size of USD 5.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031.
• Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 2.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.3% from 2024 to 2031.
• The nylon segment is set to rise due to increasing demand for portable charging solutions, rising awareness of renewable energy, solar technology advancements, outdoor activity growth, urban commuting needs, emergency preparedness, corporate sustainability initiatives, and government incentives.
• The solar backpack market is driven by increasing demand for portable charging solutions, rising awareness of renewable energy, solar technology advancements, outdoor activity growth, urban commuting needs, emergency preparedness, corporate sustainability initiatives, and government incentives for clean energy adoption.