INDUSTRY TRENDS

Global off-grid solar market recovering unevenly says report

The solar lighting products market appears to be recovering from the effects of COVID-19 pandemic lockdowns, with some segments of the off-grid solar market back on an overall upward trajectory.

The recovery is uneven though, with disparities between markets and products quite pronounced. For example, key appliances sales actually decreased 20% versus the first half of the year, strongly driven by a drop in fan sales.

High sales volumes of PAYGo lanterns suggest that the option to pay for these products in instalments, rather than upfront with cash, is helping more households to take the step towards modern energy access. Many PAYGo lantern customers do go on to purchase larger energy systems and appliances once they have paid off their initial purchase.