The global Solar Cooker market is anticipated to grow at a CAGR during the forecast period (2021-2027). The advancement in technology and rising awareness regarding renewable energy source is the factors enhancing the solar cooker market growth. Moreover, several government and non-profit organizations are promoting the use of solar cookers to reduce the fuel cost and to promote energy generation from renewable energy sources. For instance, In August 2015, The ministry of new and renewable energy (MNRE) distributed devices like solar cookers and lamps in rural and tribal areas, to provide clean cooking and lighting benefits to the population. Under the Programme devices like unnat chulhas, solar cookers, solar lamps, solar home lighting systems etc. was distributed by using the funds of Compensatory Afforestation Fund Management and Planning Authority (CAMPA). 

Furthermore, major countries like US, China, India are increasing the use of renewable energy sources to meet the growing energy demands. Renewable energy sources can be used to reduce reliance on fossil fuels, thereby introducing cleaner alternatives to meet energy demands. Solar energy has useful applicability to cooking in India because 36% of its total primary energy consumption stems from cooking. India receives the solar energy equivalent of 5000 trillion kWh/yr, making solar cooking appear as a more attractive alternative to traditional cooking methods. In addition, the introduction of new product along with cost-effective solar technology by the key players is expected to offer new growth opportunities to the market. Moreover, the high cost of the system and sufficient sunshine need while cooking are the major restrains that may limit their use in cloudiest countries. 

COVID-19 Impact Analysis

The global solar cooker market hardly hit by the impact of COVID-19 pandemic. Due to restriction imposed by the government of major economies to curb the further spreading of virus, the raw material supply chain was badly affected that led to the delay in reaching raw material to solar cooker manufactures. Apart from these, the government funding to promote the adoption of renewable energy sources for energy generation were also reduced, because government had shifted their focus towards healthcare resources required to fight against pandemic. Post COVID-19, the market is expected to come back on its previous speed with increasing funding and Government support for renewable energy projects. 

Segmental Outlook  

The global solar cooker market is segmented based type and application. Based on type, the market is sub-segmented into solar box cooker, solar panel cooker, and solar parabolic cooker. On the basis of application. The market is sub-categorized into water distillation & purification, solar smelting, grain sterilization, medical equipment sterilization, and others. 

Global Solar Cooker Market Share by Type, 2020 (%)

Based on type, the solar box cooker is expected to hold significant share in the market during the forecast period. The demand for solar box cooker owing to its compact design and benefits associated with it which included high cooking temperature, little or no supervision required, easy and safe operating. Solar box cooker is the most widely known and used cooker. Solar box cookers typically cook food at temperatures between 90 °C (194 °F) and 200 °C (392 °F). They can often accommodate multiple pots, and usually take between one and three hours to cook various foods. Apart from these, the solar box cooker can be constructed from a variety of simple materials which makes them cost-effective. This drives the segment growth. 

Regional Outlook 

Geographically, the global Solar Cooker market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America and Europe are expected to show steady growth and are projected to be the mature market during the forecast period. The advancement in technology, and presence of key market players such as Sun Oven, Solar Cookers International, Sun Fire, and Sunrise Global Solar Energy among others are the factors enhancing the regional growth. 

Global Solar Cooker Market Growth, By Region 2021-2027

The Asia-Pacific is Expected to be the Fastest Growing Region in Global Solar Cooker Market

Geographically, Asia-Pacific region is anticipated to maintain its dominance during the forecast period with high contribution from major economies such as China and India. The huge population base, growing adoption of renewable energy sources for fulfilling energy demands, govt support for new renewable energy project developments, and rising cost of petroleum products such as LPG are motivating people to use renewable energy cooking systems such as solar cooker driving the regional market growth. 

 Market Players Outlook

The key players in the Solar Cooker market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include Solar Cookers International, Sunrise Global Solar Energy, Rudra Solar Energy , Sino-American Silicon Products Inc, Kavita Solar Energy Private Limited., Diamond Engineering Enterprises, among others. These market players are adopting several market strategies including product launch and approvals, merger and acquisition, partnership collaboration, business, and capacity expansion, and others. 

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Solar Cooker market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.