Solar Cooker Market Trends and Forecast 2014 – 2020
A solar cooker is a type of device that works on the energy contained within sunlight for cooking, heating, and pasteurizing drinks and food. After the solar energy has been trapped, it is converted into heat energy for the purpose of cooking and heating. Solar energy is considered to be a very practicable source for energy generation. Within the global renewable energy industry, global solar cookers market are highly in demand for energy creation.
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Solar cookers have been extremely popular in semi-urban and rural areas in developing and underdeveloped countries having wood as the major source of fuel. Therefore, there is a good growth potential for the solar cooker market within regions having a huge rural population base owing to solar cookers being an economical option for the rural population heavily dependent on wood or cattle waste for cooking purposes.
Rising Prices of Natural Gas and LPG to Propel Solar Cooker Market
There are a number of factors augmenting the demand for solar cookers. Due to the rising prices of natural fuel gases such as LPG, there is a continuous demand for substitute fuels in domestic applications, especially in developing countries currently using LPG as their key source of fuel. This factor will fuel the market for solar cookers in the coming years. In addition, the rising consumer awareness on the utilization of renewable energy and the use of such energy in day-to-day applications is also boosting the market for solar cookers.
Reduction in Fossil Fuel Consumption via Solar Cookers Boosts Global Market
On the basis of construction technique, the solar cooker market is segmented into solar panel cookers, solar parabolic cookers, and solar box cookers. Amongst these, solar box cookers are the most common type of cookers currently available in the market and are extremely strong and can function with no or little supervision. On the other hand, parabolic cookers are able to generate and withstand much higher temperatures as compared to panel or box type cookers. Such solar cookers have the capability of pasteurizing. The other advantages of solar cookers include their easy portability, compact size, low maintenance, and economical prices. Solar cookers also substantially reduce fossil fuel consumption and thus go a long way to ensuring energy security. These advantages of solar cookers will further have a positive effect on the market for solar cookers in the coming years.
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Latin America and Asia Pacific the Most Lucrative Markets for Solar Cookers
On the basis of geography, the solar cooker market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Amongst these, solar cookers are being highly demanded in the emerging economies of Latin America and Asia Pacific and these two regions have emerged as the most promising markets for solar cookers in the forthcoming years. On the other hand, North America and Europe are stagnant markets and thus will exhibit a sluggish rate of growth in the coming years.The key players operating in the market include Sunrise Global Solar Energy, Sun Fire, Sun Oven, and Solar Cookers International, among others.
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