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In the forecast period of 2021-2026, 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.
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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.
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:
The industry can be divided based on its end-use as:
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.
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.
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:
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.
*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.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Key Industry Trends
3.3 Market Scope and Segmentation
3.4 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Pico-Solar Market Analysis
6.1 Global Pico-Solar Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Pico-Solar Market Breakup by Application
6.3 Global Pico-Solar Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.4 Global Pico-Solar Market Breakup by End Use
6.4.1 Residential Sector
6.4.2 Commercial Sector
6.4.3 Industrial Sector
6.5 Global Pico-Solar Market Breakup by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Residential Sector
6.5.2 Commercial Sector
6.5.3 Industrial Sector
6.6 Global Pico-Solar Market by Region
6.6.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.6.3 Asia Pacific
6.6.4 Latin America
6.6.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
6.7 Global Pico-Solar Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 North America
184.108.40.206 United States of America
220.127.116.11 United Kingdom
6.7.3 Asia Pacific
6.7.4 Latin America
6.7.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1 Greenlight Planet Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 M-KOPA SOLAR Kenya Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Panasonic Corp.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Signify NV
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Yingli Green Energy Holding Co. Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
10 Industry Events and Developments
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