Pico-Solar Market Report and Forecast 2025-2034

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.

Market Segmentation

A pico-solar system is described as a small PV system, which is much smaller than regular home systems, with a power output of 1 to 10W, used primarily for lighting and, therefore, capable of replacing unhealthy and unreliable sources such as kerosene lamps and candles. Pico-solar systems can be used in portable products like small lights, toys, mp3 players, cell phones, calculators, and tablets, among others. Small ICT applications may also be introduced depending on the model. Pico solar systems contain a charge controller and photovoltaic module, along with a rechargeable battery. The pico-solar market can be divided based on segments like application and end-use.

The industry can be broadly categorised on the basis of its application into:

• Multi-Purpose
• Single-Purpose
• Others

The market can be divided based on its end-use as:

• Residential
• Commercial
• Industrial

Looks into the global pico-solar markets like:

• Americas
• Asia Pacific
• Europe, Middle East and Africa (EMEA)

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.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global pico-solar market, looking into their capacity, and competitive landscape:

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

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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