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Global Pico Solar Photovoltaic Market Driven by Rising Adoption by Environment-conscious Consumers

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Published on : Jun 05, 2017

Albany, New York, June 05, 2017: The report takes a close look at the development trajectory exhibited by the global pico solar photovoltaic market in the last few years and assesses the various factors affecting its growth. The segmentation of the global pico solar photovoltaic market is also dealt with in the report, which provides a granular picture of the market to readers. The report is titled ‘Global Pico Solar Photovoltaic Market Professional Survey Report 2017.’

The pico solar photovoltaic market has arisen out of the need for smaller and more portable ways of harnessing solar energy. While solar power has rapidly grown in stature in the past few decades due to the rising acknowledgment of its need, the rise of the pico solar photovoltaic market is a consequence of the rising effort to derive practical uses from solar power apart from harnessing it through large, mass-scale installations. Pico solar photovoltaic devices are smaller than solar panels and are used as a portable and continuously chargeable source of photovoltaic power.

Pico solar photovoltaic devices can be used to charge up electronic items, the rising demand for which has become a key driver for the global pico solar photovoltaic market. Pico solar photovoltaic devices produce power outputs in the range of 0.1 watts-peak to 5 watts-peak, which can recharge smaller electronic items such as smartphones, while the pico solar photovoltaic market also contains battery systems that can power individual houses. 

The global pico solar photovoltaic market has significant scope for growth over the coming years due to the clear price difference between conventional solar power systems and pico solar photovoltaic systems. While conventional solar power fields remain viable at a large scale, leading to rising government support all over the world, they are usually too expensive for individual customers.

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This gap in the solar energy sector has been bridged by the development of the pico solar photovoltaic market, which has also fit in with the steady development of smart home technology, which has allowed for efficient use of solar power harnessed from pico solar photovoltaic installations. 

The report splits the global pico solar photovoltaic market by application into residential, commercial, and industrial users. While the commercial and industrial sectors hold significant opportunities for the market, residential users are more likely to comprise the leading segment of the global pico solar photovoltaic market in the coming years. 

Geographically, developed regions such as North America and Europe are likely to be the leading contributors to the global pico solar photovoltaic market in the coming years. The rising awareness among citizens about the importance of using solar power has led to steady acceptance of several initiatives in the solar power sector in developed North American and Western European countries. The growing regulatory support to smart power distribution initiatives in these countries is likely to remain a key driver for the global pico solar photovoltaic market. 

The report profiles leading players in the global pico solar photovoltaic market in order to shed light on the competitive dynamics of the market. Key companies examined in the report include Panasonic, Greenlight Planet, SunnyMoney, Philips, Nokero, and D. Light Design. 

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