SOLAR CHAIR MARKET ANALYSIS

Market News

Recent Developments

Key Development

• In Oct 2023, Goal Zero, a leader in portable energy, introduced the Yeti PRO 4000 and Tank PRO expansion batteries, extending its legacy of top-tier power stations. The Yeti PRO 4000 offers days of backup power in a compact device, providing consumers with substantially increased power and faster charging compared to the previous generation.
• In 2022, Renogy, a leader in renewable solar energy products, unveiled the Phoenix 200, a completely redesigned and reimagined addition to their flagship line of Phoenix Power Stations.
• In 2021, Eco Flow - battery manufacturer, officially introduced two portable solar panels to the market, including a 110W model and a 160W model. This release follows the success of their earlier solar generator launches, namely, Eco Flow DELTA and Eco Flow River.

Key Strategic Initiatives

• In 2022, Anker Innovations Limited, commonly known as Anker, is a Chinese electronics manufacturer based in Changsha, Hunan, China, reached an agreement to purchase a 5.14% stake in Shenzhen Haiyi Zhixin Technology Co., Ltd. from Tianjin Haiyi Yuanyang Management Consulting Partnership Enterprise (Limited Partnership) for CNY 83 million.
• In 2020, SunPower, an American provider of photovoltaic solar energy generation systems, partnered with IKEA, a global leader in life at home, to bring solar-powered furniture to IKEA stores worldwide. This partnership is expected to help SunPower reach a wider audience and grow its market share.