Miniature solar PV systems,
including Pico Solar and SHS are transitioning from specialized niches to the
mainstream. These systems provide clean and safe energy by replacing
conventional fuel-based methods. The demand for Solar PV consumer products is
increasing across various industries and applications especially in the BOP
market, where consumers benefit from the low cost, better quality,
environmentally clean, and brighter products. Also, it will help in eroding the
upfront cost advantage that kerosene has today.
Analysts forecast
the Global Solar
PV Consumer Products market to
grow at a CAGR of 14.9 percent over the period 2013-2018.
The report recognizes
the following companies as the key players in the Global Solar PV Consumer
Products Market: Angaza Design, Barefoot Power, D.light Design, Goal Zero and
Schneider Electric SA.
Other Prominent
Vendors in the market are: Azuri Technologies, BBOXX, Grape Solar, Greenlight
Planet and Panasonic.
One key trend in
this market is pico solar systems replacing fuel-based lighting. Conventional
kerosene-based lighting methods are unsafe and inefficient and, hence, pico
solar systems are set to replace these.
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Covered in this Report
The Global Solar PV
Consumer Products market can be segmented into two divisions: Pico Solar and
SHS.
Global Solar PV
Consumer Products Market 2014-2018, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the
Americas, and the EMEA and APAC regions; it also covers the Global Solar PV
Consumer Products market landscape and its growth prospects in the coming
years. The report also includes a discussion of the key vendors operating in
this market.
According to the
report, one of the major drivers in this market is the growing demand for solar
PV consumer products. A rising population and technological advances in solar
PV technology create a demand for consumer products and portable devices.
Further, the report
states that one of the major challenges in this market is the seasonal
fluctuation of solar power availability. Solar PV consumer products completely
rely on solar power to function, which negatively affects the adoption of the
technology.
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