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Global Pico-Solar Market: By Application: Multi-Purpose, Single-Purpose; By End Use: Residential Sector, Commercial Sector, Industrial Sector; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Pico-Solar Market Outlook

In the forecast period of 2022-2027, the global pico-solar market size will grow at a CAGR of over 16%. Some of the factors which are expected to fuel the pico-solar market growth during the forecast period are the increasing demand for energy and the fast growth in the adoption of portable devices.

 

Global Pico Solar Market

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Properties and Applications

A pico-solar system is described as a small PV system, which is much smaller than regular home systems, with a power output of 1 to 10W, used primarily for lighting and, therefore, capable of replacing unhealthy and unreliable sources such as kerosene lamps and candles. Pico-solar systems can be used in portable products like small lights, toys, mp3 players, cell phones, calculators, and tablets, among others. Small ICT applications may also be introduced depending on the model. Pico solar systems contain a charge controller and photovoltaic module, along with a rechargeable battery.

 

Global Pico-Solar Market By Application

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The pico-solar market can be divided based on segments like application and end-use.

The industry can be broadly categorised on the basis of its application into:

  • Multi-Purpose 
  • Single-Purpose
  • Others

The industry can be divided based on its end-use as:

  • Residential Sector
  • Commercial Sector
  • Industrial Sector

The EMR report looks into the global pico-solar markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.

 

Global Pico-Solar Market By Region

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Market Analysis

One of the main factors boosting the growth of the pico-solar industry size is the increasing demand for energy. The objective of sustainable development (SDG) was to ensure universal access to affordable, secure, and efficient energy services by 2030. There is, however, a pause in attempts to do the same. There is no access to electricity for the majority of people in sub-Saharan Africa (SSA). Throughout Asia, there have also been issues with access to reliable energy in some nations. As a result, off-grid renewable energy solutions such as pico-solar in the regions are becoming increasingly focused. Pico-solar is a viable solution for electrification. It is quickly scalable and sustainable in the environment. It also has the ability to strengthen rural communities. It is expected that these factors will drive the pico-solar market growth over the forecast period. The pico-solar market is expected to be supported by platforms like World Banks Group’s Lighting Global. Also contributing to the market growth will be the upcoming pico-solar market trends, such as rapid growth in the adoption of portable devices. The increasing need for efficient charging in portable devices and their growing sales will have a positive impact on the industry growth in focus. The rising market for pico-solar chargers is also expected to drive the pico-solar market growth.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global pico-solar market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Greenlight Planet Inc.
  • M-KOPA SOLAR Kenya Ltd.
  • Panasonic Corp.
  • Signify NV
  • Yingli Green Energy Holding Co. Ltd.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, End Use, Region
Breakup by Application Multi-Purpose, Single-Purpose, Others
Breakup by End Use Residential Sector, Commercial Sector, Industrial Sector
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Greenlight Planet Inc., M-KOPA Group, Signify N.V., Panasonic Corp., Yingli Green Energy Holding Co. Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

Key Questions Answered in the Report

  • How has the global pico-solar market performed in the previous years (2017-2021)?
  • What is the forecast assessment of the industry for 2022-2027?
  • What are the major drivers of the historical (2017-2021) and forecast (2022-2027) periods?
  • What are the major constraints of the historical (2017-2021) and forecast (2022-2027) periods?
  • What are the major demand indicators of the global pico-solar market?
  • What are the major price indicators of the global market?
  • What are the price trends in the global pico-solar market?
  • Who are the key manufacturers in the global pico-solar market?
  • What is the degree of competition in the global industry?
  • What are the major events and developments taking place within the global industry?

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Pico-Solar Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Pico-Solar Historical Market (2017-2021) 
    8.3    Global Pico-Solar Market Forecast (2022-2027)
    8.4    Global Pico-Solar Market by Application
        8.4.1    Multi-Purpose
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Single-Purpose
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global Pico-Solar Market by End Use
        8.5.1    Residential Sector
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Commercial Sector
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Industrial Sector
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Pico-Solar Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
        9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Greenlight Planet Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    M-KOPA Group
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3     Signify N.V.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Panasonic Corp.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Yingli Green Energy Holding Co. Ltd.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Pico-Solar Market: Key Industry Highlights, 2016 and 2026
2.    Global Pico-Solar Historical Market: Breakup by Application (USD Million), 2017-2021
3.    Global Pico-Solar Market Forecast: Breakup by Application (USD Million), 2022-2027
4.    Global Pico-Solar Historical Market: Breakup by End Use (USD Million), 2017-2021
5.    Global Pico-Solar Market Forecast: Breakup by End Use (USD Million), 2022-2027
6.    Global Pico-Solar Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global Pico-Solar Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America Pico-Solar Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America Pico-Solar Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe Pico-Solar Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe Pico-Solar Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific Pico-Solar Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific Pico-Solar Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America Pico-Solar Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America Pico-Solar Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa Pico-Solar Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa Pico-Solar Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global Pico-Solar Market Structure

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