London, 21 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Solar PV Consumer Products Market 2014-2018, which is expected to grow at a CAGR of 14.9 percent during the period 2013-2018.
In recent years, the Global Solar PV Consumer Products market has expanded significantly across various geographies, applications, and industries because solar PV consumer products have now become cheaper and also, in some cases, they compete with traditional fuel-based lighting. The demand for solar PV consumer products in the base of the pyramid market has increased with regulatory support and incentive schemes. The Solar PV Consumer Products market is expected to witness rapid growth during the forecast period because of increased demand for solar PV consumer products from the developing areas of Africa and Europe.
“The depletion of fossil fuels, growing environmental concerns and awareness of clean technology is having a positive impact on solar PV technology,” says Faisal Ghaus, Vice President of TechNavio.
“Increased government support and falling PV prices have a positive impact on residential users and small-scale commercial users.”
Key Market Drivers
- Growing Demand for Solar PV Consumer Products in BOP Market
- Increased Support from Governments
- Decrease in Cost of Solar PV Consumer Products
Key Market Trends
- Pico Solar Systems Replacing Fuel-based Lighting
- Technological Advances
- Growing Awareness of PV Technology
Key Market Vendors
- Angaza Design
- Barefoot Power
- D.light Design
- Goal Zero
- Schneider Electric SA
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
