Press Release Description
Global Solar Cooker Market to Grow at an Anticipated 8.02% CAGR During 2025-30
The Global Solar Cooker Market size was valued at around USD445.01 million in 2024 and is projected to reach USD706.96 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.02% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The rising prevalence of respiratory diseases among residents, particularly those living in rural areas, who are increasingly relying on firewood & coal to cook their food due to the unavailability of LNG, is driving up demand for solar cookers. This is due to governments' growing willingness to distribute solar cookers to rural populations around the world to raise awareness & reduce the country's disease burden.
Additionally, the solar cooker industry is growing rapidly due to the efforts of governments and manufacturers to promote the adoption of solar cookers, reduce carbon emissions, and reduce reliance on fossil fuels. The surging carbon emissions across the globe and negative impacts on health by the use of fuelwood & cooking coal are motivating people towards the usage of solar cookers. For instance, according to the World Health Organization (WHO), in 2022, around 6.7 million premature deaths were recorded annually due to indoor air pollution. Therefore, governments around the globe are promoting the use of solar cookers to improve air quality, resulting in a brighter growth prospect for the market players in the solar cooker industry.
Moreover, the increased exploitation of fossil fuel reserves in recent years, combined with the declining availability of proven oil reserves, has significantly exacerbated the global energy crisis, resulting in a supply deficit of fossil fuel-derived products such as natural gas & crude oil. Due to the presence of excess demand & limited supply, the price of crude oil & LNG has skyrocketed. The price of LPG used in residential & commercial cooking activities has significantly increased, prompting consumers to switch towards solar-based appliances for cooking & practicing commercial operations, further states the research report, “Global Solar Cooker Market Analysis, 2025.”
Segmentation Analysis
Offline Distribution Channels Generating Maximum Market Revenue
Based on the distribution channel, the market is further bifurcated into online and offline. The offline distribution channel holds the largest market share, around 61%. This is due to the rising adoption of solar cookers and the frequent need for their installation, maintenance, and after-sales services, resulting in consumers purchasing them from the local registered distributors. Further, the experts' suggestions and recommendations of the experts in the stores offer insights into the product, aiding in the purchase of the cooker as per the consumer's requirement, making it a common purchasing channel.
The offline distribution channel reduces the hassle of returning and exchanging the product, as the channel offers product transparency and permits consumers to physically inspect the product, reducing the probability of the sale of defective solar cookers, hence facilitating the large market share of the offline distribution channel in the Global Solar Cooker Market.
Asia-Pacific Leads the Solar Cooker Industry
Geographically, the Asia-Pacific region dominates the Global Solar Cooker Market. The region is poised for future growth as governments and manufacturers focus on encouraging the introduction of more environmentally friendly products. For instance, the Indian Oil Corporation Limited (IOCL) manufactures solar cooktops known as 'Surya Nutan,' which can be used effectively in all seasons. Furthermore, the region's increasing depletion of fossil resources is expected to drive up sales of solar cookers between 2025 & 2030. This is due to a scarcity of low-cost energy, such as natural gas, for both residential & commercial use.
Additionally, with the region's rising smartphone penetration, solar cooker manufacturers have started selling their products on online retail sites. Manufacturers such as MrMApMax and others are intensely using advertising tactics to boost their sales through online channels. As online retail services in the region are expected to expand due to residents' growing disposable income, sales of solar cookers are predicted to go up. During the forecast period, this would provide revenue growth opportunities to the market players operating in the Asia-Pacific Solar Cooker Market.
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Tellco Europe, Glenergy Inc., Gosun, Solenium Technology, Simplified Technologies for Life Pvt. Ltd., Kavita Solar Energy Private Limited, Greenmax Technology, Rudra Solar Energy, Hainess Solar Cookers LLC, SunMitra Solar Pvt. Ltd., Suryatech Solar Systems, Earth Cardboard Co. Ltd., Haining JuYang New Energy Co., Ltd., MrMapMax, and others, are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping up across various regions?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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