Solar Bench Market Size, Growth, Industry & Revenue | 2031

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Solar Bench Market Size, Growth, Industry & Revenue | 2031

Solar Bench Market Size, Growth, Industry & Revenue | 2031

Segments - Solar Bench Market by Type (With Backrest, Without Backrest), Component (Software and Hardware [DC to AC Converter, Battery Controller, Solar Panel, and Others]), Application (University Campus, Gardens, Shopping Malls, Railway Stations), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global solar bench market size was USD 276.7 Mn in 2022 and is expected to reach USD 566 Mn by 2031, expanding at a CAGR of 8.6% during 2023–2031. Rising number of smart city projects and increasing use of ambulatory electronics & internet are key factors driving the market.

Solar energy is a major source of energy that is capable of being converted into multiple other forms of energy, such as electrical energy through photovoltaic cells, chemical energy, and others. Different technological approaches are used to develop new solar devices to achieve the goals of sustainable development. Solar energy was first put to use back in 1839 by Bell Laboratories with a silicon solar cell. Currently, solar cookers, solar water heaters, solar benches, solar cells, solar backpacks, and others are popular solar devices in the market.

A solar bench has a compact, multi-purpose design. Solar panels are installed on the top of the bench, and the advanced controllers are installed within the bench. The advanced controllers convert solar energy into electrical energy, which is then stored in the batteries. users utilize the energy to charge their devices and to stay connected to the 4G internet. A solar bench transmits power using USB ports, wireless charging points for mobile phones, Wi-Fi connection, ambient light, and a screen for digital advertisements.

During the COVID-19 pandemic, the market declined due to a lack in the supply of raw materials, difficulties in logistics, and a lack of sales. However, during the post-pandemic period, business activities gradually started to take off, as the public amenity development projects resumed.

Solar Bench Market Dynamics

Key Trends

Being resourceful is key to an urban lifestyle. Urbanization today is inclined toward having technologically advanced public places, local amenities, and community spots. This trend fuels the market.

Drivers

Mass usage of mobile phones, tablets, laptops, and other electronic devices is driving the market. These devices are extensively used for work and recreational purposes. Some applications installed in these devices require high power, and a battery backup when exposed to prolonged use. This, in turn, drives the market.

Easy availability of internet connections today, is one of the basic needs of humans. University students, and remotely working professionals use OTT platforms & entertainment apps, and many such applications have been developed that boost the need for internet connection on the go. This, in turn, is projected to fuel the market.

Restraints

One has to invest heavily to install multiple solar benches in public places. The lack of cost-effectiveness of the product needs impede the market. High installation and maintenance costs are restraining the market.

Opportunities

Governments in developing countries such as India, Brazil, and China, are incorporating technologically advanced public amenities in their prominent cities for smart city projects. This, in turn, is creating significant opportunities for the key players in the market.

Scope of the Solar Bench Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Solar Bench Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Type (With Backrest, Without backrest), Component (Software and Hardware [DC to AC Converter, Battery Controller, Solar Panel, and Others]), and Application (University Campus, Gardens, Shopping Malls, Roof Top)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report	Include Ltd.; Archasol; The Solar Range; SEEDiA; EnGoPlanet; Velopa; Haptic.ro; Archieexpo; Include Ltd; Strawberry Energy; Zano; iSun Energy; Lightinus; Nola Industrier; and Synergy

Solar Bench Market Segment Insights

Based on type, the solar bench market is divided into with backrest and without backrest. The solar benches segment held a major share of the market, as they offer a backrest to lean on, which offers convenience to the users and provides comfort, and improves user experience. The without a backrest segment is anticipated to grow at a substantial pace during the projection period, as they possess a compact structure, sturdy design and have a fancy appearance.

In terms of component, the market is segmented into software and hardware. The hardware segment is further classified into DC to AC converter, battery controller, solar panel, and others. The software segment is expected to expand at a high CAGR during the forecast period, as software automation makes it easy to manage the operations of the solar benches, especially for repair & maintenance purposes, and for after-sales support.

On the basis of application, the market is classified as university campuses, gardens, shopping malls, and rooftops. The university campuses segment is estimated to hold a major share of the market, as students require outdoor seating facilities between lectures. With charging points & Wi-Fi connectivity is rising. The segment is projected to expand at a significant CAGR during the projection period due to its high demand among students.

Based on region, the global solar bench market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America and Europe held a significant share of the global market due to the high adoption of solar benches in these regions. Conversely, Asia Pacific is expected to dominate the market during the projection period, as multiple countries are undertaking smart city projects. These countries are employing smart benches, thereby fueling the market in the region.

Segments

The solar bench market has been segmented on the basis of

Type

With Backrest
Without Backrest

Component

Software
Hardware
- DC to AC Converter
- Battery Controller
- Solar Panel
- Others

Application

University Campus
Gardens
Shopping Malls
Roof Tops

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Include Ltd.
Archasol
The Solar Range
SEEDiA
EnGoPlanet
Velopa
Haptic.ro
Archieexpo
Include Ltd
Strawberry Energy
Zano
iSun Energy
Lightinus
Nola Industrier
Synergy

Competitive Landscape

Key players in the global solar bench market are Include Ltd.; Archasol; The Solar Range; SEEDiA; EnGoPlanet; Velopa; Haptic.ro; Archieexpo; Include Ltd; Strawberry Energy; Zano; iSun Energy; Lightinus; Nola Industrier; and Synergy.

The above mentioned key players opt for mergers, and collaborations, and join forces to advance research & development and improve the quality of their products and to bring a holistic solution for an advanced energy efficient city, while minimizing the carbon footprint. For instance,

In September 2021, Archasol, a key provider of solar-powered smart solutions, launched a smart solar bench, namely, ‘Steora Cyclo’. To solve the technical issues with the product, if any, the bench comes along with a tool kit for repairs and maintenance. With additional features, smart benches provide DC plugs to charge electronic vehicles, e-bikes, laptops, and has two bike racks.

In June 2020, iSun Energy, a leading brand in the solar industry, launched ‘iSun Oasis smart solar bench’, which is weather-resistant and supports an LTE (4G internet).

Global Solar Bench Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Bench Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Solar Bench Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Solar Bench Market - Supply Chain
  4.5. Global Solar Bench Market Forecast
     4.5.1. Solar Bench Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Solar Bench Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Solar Bench Market Absolute $ Opportunity
5. Global Solar Bench Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Solar Bench Market Size and Volume Forecast by Types
     5.3.1. With Backrest
     5.3.2. Without backrest
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Solar Bench Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Solar Bench Market Size and Volume Forecast by Applications
     6.3.1. University Campus
     6.3.2. Gardens
     6.3.3. Shopping Malls
     6.3.4. Roof Tops
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Solar Bench Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Solar Bench Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Solar Bench Demand Share Forecast, 2019-2026
8. North America Solar Bench Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Solar Bench Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Solar Bench Market Size and Volume Forecast by Types
     8.4.1. With Backrest
     8.4.2. Without backrest
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Solar Bench Market Size and Volume Forecast by Applications
     8.7.1. University Campus
     8.7.2. Gardens
     8.7.3. Shopping Malls
     8.7.4. Roof Tops
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Solar Bench Demand Share Forecast, 2019-2026
9. Latin America Solar Bench Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Solar Bench Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Solar Bench Market Size and Volume Forecast by Types
     9.4.1. With Backrest
     9.4.2. Without backrest
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Solar Bench Market Size and Volume Forecast by Applications
     9.7.1. University Campus
     9.7.2. Gardens
     9.7.3. Shopping Malls
     9.7.4. Roof Tops
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Solar Bench Demand Share Forecast, 2019-2026
10. Europe Solar Bench Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Solar Bench Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Solar Bench Market Size and Volume Forecast by Types
     10.4.1. With Backrest
     10.4.2. Without backrest
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Solar Bench Market Size and Volume Forecast by Applications
     10.7.1. University Campus
     10.7.2. Gardens
     10.7.3. Shopping Malls
     10.7.4. Roof Tops
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Solar Bench Demand Share Forecast, 2019-2026
11. Asia Pacific Solar Bench Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Solar Bench Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Solar Bench Market Size and Volume Forecast by Types
     11.4.1. With Backrest
     11.4.2. Without backrest
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Solar Bench Market Size and Volume Forecast by Applications
     11.7.1. University Campus
     11.7.2. Gardens
     11.7.3. Shopping Malls
     11.7.4. Roof Tops
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Solar Bench Demand Share Forecast, 2019-2026
12. Middle East & Africa Solar Bench Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Solar Bench Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Solar Bench Market Size and Volume Forecast by Types
     12.4.1. With Backrest
     12.4.2. Without backrest
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Solar Bench Market Size and Volume Forecast by Applications
     12.7.1. University Campus
     12.7.2. Gardens
     12.7.3. Shopping Malls
     12.7.4. Roof Tops
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Solar Bench Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Solar Bench Market: Market Share Analysis
  13.2. Solar Bench Distributors and Customers
  13.3. Solar Bench Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Include Ltd.
     13.4.2. Archasol
     13.4.3. The Solar Range
     13.4.4. SEEDiA
     13.4.5. EnGoPlanet
     13.4.6. Velopa
     13.4.7. Haptic.ro
     13.4.8. Archieexpo
     13.4.9. Include Ltd
     13.4.10. Strawberry Energy
     13.4.11. Zano
     13.4.12. iSun Energy
     13.4.13. Lightinus
     13.4.14. Nola Industrier
     13.4.15. Synergy