Solar Cooker Market Size (2024 - 2029)

Solar Cooker Market Analysis

The Global Solar Cooker Market is expected to grow at a CAGR of greater than 7% during the forecast period.

Due to the outbreak of the Covid-19 pandemic, the solar cooker market was slightly impacted. Due to restrictions imposed by the government of major economies to curb the further spreading of the virus, the raw material supply chain was badly affected which led to the delay in reaching raw materials to solar cooker manufacturers. Apart from these, the government funding to promote the adoption of renewable energy sources for energy generation was also reduced, because the government had shifted its focus toward healthcare resources required to fight against the pandemic. Post-COVID-19, the market is expected to come back to its previous speed with increasing funding and Government support for renewable energy projects.

The advent of technology and increasing awareness of the use of renewable sources of energy has helped in developing the global solar cooker market. Solar cookers trap solar energy and convert it into heat energy for cooking or heating purposes. These cookers are cost-effective as they do not use any fuelwood or gas connections. They may primarily be used in rural or semi-urban areas where fuel wood is the chief source of energy especially in developing or under-developed countries. Solar cookers are the most accepted application in the renewable energy industry. The only factor that affects the growth of this market is the high cost of these solar cookers and the adequate requirement of sunshine, it also takes a longer time to cook. The demand for these cookers has been continuously rising for the past few years and is expected to grow significantly during the forecasted period.

Solar Cooker Industry Segmentation

A solar cooker is a device that uses direct sunlight energy to cook food materials or pasteurize drinks. Many solar cookers currently in the use are relatively inexpensive, while some are as expensive and advanced as traditional stoves. The solar cooker does not require fuel and operating costs and therefore, it has gained popularity among developing nations.

The Global Solar Cooker Market is segmented by By Product Type (Box Cooker, Solar Panel Cooker, and Solar Parabolic Cooker), By Application (Residential and Commercial), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The report offers Market size and forecasts for Global Solar Cooker Market in value (USD Million) for all the above segments.