In recent years several new markets have opened up for solar photovoltaic (PV) consumer products, particularly for lighting, handset charging, and power for small DC appliances. Known as pico solar, solar home systems, or solar PV generators, these products are gaining traction in many segments, including outdoor recreation, emergency equipment, and lighting for off-grid homes and communities. According to a new report from Navigant Research, worldwide unit sales of pico solar and solar home systems will grow from 8.2 million annually in 2014 to 64.3 million in 2024.
"Solar PV consumer products are rapidly moving from specialized niches for enthusiasts and early adopters into the mainstream," said Dexter Gauntlett, senior research analyst with Navigant Research. "The market for off-grid solar lighting, in particular, has reached a point where there is considerable opportunity around the world and multiple entry points for manufacturers, distributors, service providers, and others."
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 AC and DC devices simultaneously. 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, the firm added.
