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The global pico-solar market attained a value of USD 308.97 Million in 2024. The market is estimated to grow at a CAGR of 12.40% during 2025-2034 to reach a value of USD 994.44 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Pico-Solar 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.
Pico-Solar Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of over 12.40% between 2025 and 2034.
The major drivers of the market include the scalability and sustainability in the environment, increasing need for efficient charging in portable devices and their growing sales, and rising market for pico-solar chargers.
The increasing demand for energy and the fast growth in the adoption of portable devices are the key market trends propelling the market's growth.
The major regions in the market are Americas, Asia Pacific, and Europe, Middle East and Africa.
Pico-solar find their major application in a multi-purpose and single-purpose, among others.
The industry can be divided based on its end-use as residential, commercial, and industrial.
The major players in the market are Sun King, M-KOPA Group, Signify N.V., Shenzhen Power-Solution Ind Co., Ltd, Fosera Solarsystems GmbH & Co. KGaA, d.light Limited, Others.
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