You are currently viewing Global Pico-Solar Market Trends, Growth, Key Players, Share, Size, Report, Forecast 2024-2032

Global Pico-Solar Market Trends, Growth, Key Players, Share, Size, Report, Forecast 2024-2032

According to the report by Expert Market Research (EMR), the global pico-solar market size is projected to grow at a CAGR of 12.4% between 2024 and 2032. Aided by the escalating need for affordable and clean energy in off-grid locations and the rising emphasis on sustainable energy solutions, the market is expected to grow significantly by 2032.

Pico-solar refers to small-scale photovoltaic systems, typically used to power single devices or small clusters of appliances. These systems, which range from 1 to 10 watts, have emerged as viable solutions for energy access in remote areas devoid of grid connectivity. Pico-solar products, encompassing lanterns, radios, and small-scale chargers, are not just energy-efficient but also economically beneficial for low-income households, especially in developing nations.

The continuous global pico-solar market expansion can be attributed to a myriad of factors. Foremost among them is the pressing need to bridge the energy divide. As a considerable portion of the global population, primarily in sub-Saharan Africa and parts of Asia, remains without access to electricity, pico-solar products offer an affordable and sustainable avenue to light up homes and power essential devices.

Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/pico-solar-market/requestsample

Furthermore, the environmental benefits associated with pico-solar are considerable. As nations grapple with the exigencies of climate change, there’s a concerted push towards green, sustainable energy sources. Pico-solar, being a clean energy alternative, mitigates the dependence on fossil fuels, reducing carbon emissions and enhancing environmental sustainability.

A significant factor propelling the pico-solar market growth is its affordability and low maintenance requirements. For regions where the economic dynamics make grid expansion financially nonviable, pico-solar products offer a cost-effective solution to meet basic energy needs. This, coupled with initiatives by governments and NGOs to promote renewable energy, has spurred the proliferation of pico-solar products in off-grid areas.

Advancements in technology have widened the application scope of pico-solar products. Today, these systems are being integrated into a range of devices, from radios to small refrigeration units, granting consumers in remote locations a taste of modern conveniences. Furthermore, financing models, such as Pay-As-You-Go (PAYG), are gaining traction, enabling consumers to procure pico-solar products through affordable instalment plans, thereby fostering pico-solar market demand.

Pico-Solar Market Segmentation

The market can be divided based on application, end use, and region.

Market Breakup by Application

  • Multi-Purpose
  • Single-Purpose
  • Others

Market Breakup by End Use

  • Residential
  • Commercial
  • Industrial

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/pico-solar-market

Competitive Landscape Of Pico-Solar Market

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global pico-solar market. Some of the major players explored in the report by Expert Market Research are as follows:

  • Sun King
  • M-KOPA Group
  • Signify N.V.
  • Shenzhen Power-Solution Ind Co., Ltd
  • Fosera Solarsystems GmbH & Co. KGaA
  • light Limited
  • Others

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person:  Jane Watson, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.