‘Pico’ Solar Sales to Hit $2.4B by 2024
Worldwide unit sales of solar home systems and 10W-or-below solar systems – sometimes known as “pico” systems – will grow from 8.2 million annually in 2014 to 64.3 million in 2024, according to a report from Navigant Research.
The market’s sales value will rise from $550.5 million in 2014 to $2.4 billion in 2024, according to Solar Photovoltaic Consumer Products.
Although the majority of solar consumer product activity, for now, is in the developing world, similar products are emerging in the developed world, in the form of solar PV generators and kits. Today consumers have access to a growing number of portable solar products that can charge a wide variety of alternating current and direct current devices simultaneously, according to the report.
The industry for these products is relatively immature, though a number of companies are positioned for growth as their products reach the shelves of major retail outlets in the coming year. For example Grape Solar, one of the most active companies in the US market, sells its solar kit via Home Depot, Sam’s Club, and other retailers that have tens of thousands of retail outlets across the country, the report says.
North America and Europe will lead the annual global solar PV generator and kit market. Revenue in this market is forecast to grow from $12.3 million in 2014 to $215.0 million in 2024, the report says.
In April, Ensupra Solar announced that its do-it-yourself PluggedSolar kits have been installed at 100 homes across the United States and are now being distributed by individual resellers in Mexico.
- Six Essential Steps to Drive Effective Energy Management
- How to Use Lean Tools to Cash In On Environmental and Energy Savings
- Top 3 Reasons to Calculate Your Environmental Footprint
- 2014 Insider Knowledge Report
- Trends in Energy Management: Where Should Your Next Investment Be?
- Sustainability Reporting for Commercial Real Estate: GRESB
- Integrating sustainability into your ERM framework
- Essential Guide to Lighting Retrofits and Upgrades
- Smart Companies Utilize Integrated Energy Solutions
- BuildingIQ Security
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement