Solar gate openers are automated gate opening systems powered by solar energy, designed to control the entry and exit of vehicles or individuals through gated entrances without requiring a wired electrical power source. These devices use solar panels to capture energy from the sun, which is then stored in batteries for use in operating gate mechanisms.
The solar gate opener market consists of sales, by entities (organizations, sole traders and partnerships), of solar gate opener that provide a convenient and eco-friendly solution for locations where running electrical power lines is difficult or costly, including rural areas, large properties and environmentally conscious installations.
The global solar gate opener market was valued at $139.96 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.00%.
Increased Disposable Income
Increased disposable incomes fueled the growth of the solar gate opener market during the historic period. Rise in disposable incomes boosted consumer spending on home automation and security, increasing demand for premium solutions like solar gate openers. These devices appealed to homeowners seeking convenience, energy savings and eco-friendly technology. As consumers prioritized sustainable living, solar gate openers met practical and environmental goals, driving market growth while reducing energy costs, especially in high-cost regions. For example, according to Trading Economics, a US-based company that provides data on economic indicators, the disposable income in Japan increased from 412.82 JPY thousand ($3,014.64) in March 2022 to 463.91 JPY thousand ($3,387.76) in February 2023. Additionally, according to the Bank of Korea, a South Korea-based central bank, disposable personal income in South Korea increased to 2191418.90 KRW billion ($1696.84) billion in 2022 from 2099125.20 KRW billion ($1625.38) billion in 2021. Therefore, increased disposable incomes drove the growth of the solar gate opener market.
Introduction Of Advanced Smart Garage Door Openers To Enhance User Convenience And Security
Major companies in the market are advancing smart garage door openers to improve user convenience and security. These systems feature sleek designs, remote control via mobile apps and integrated battery backups for reliability. They offer enhanced security, energy efficiency through solar power and greater peace of mind by enabling garage access from anywhere. For instance, in April 2024, Nice S.p.A., an Italy-based home and building management solutions company, launched the Nice Linear 661 Garage Door Opener and the Nice G.O. mobile app, offering enhanced remote management for users, solar-powered capabilities and simplified installation with a pre-installed battery backup for dealers. The Nice Linear 661 features a sleek industrial design, marking the first of a new range of smart garage openers, allowing homeowners to easily transform their garages into smart spaces, enhancing convenience and security.
The global solar gate opener market is highly concentrated, with large players in the market. The top ten competitors in the market made up to 62.40% of the total market in 2023.
Solar Gate Opener Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global solar gate opener market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for solar gate opener? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The solar gate opener market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider solar gate opener market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by control and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the solar gate opener market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by control and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for solar gate opener providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Sliding Gate Openers; Swing Gate Openers; Other Types
- 2) By Control: Remote Control; Smartphone App Controls; Keypad Or Access Controls; Push Button Control; Other Controls
- 3) By Application: Commercial; Residential; Other Applications
- Companies Mentioned: FAAC SpA; Nice Group S.p.A.; CAME Group S.p.A.; Lowe's Corp.; Beninca Group
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; solar gate opener indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.