Solar Freezer Market : Global Opportunity Analysis Forecast, 2020-2030
According to a new report published by Allied Market
Research, titled, "Solar Freezer Market by Type, Capacity and End
Use: Global Opportunity Analysis and Industry Forecast, 2020-2030,"
the global solar freezer market size was valued at $8.0 billion in 2020, and is
projected to reach $15.5 billion by 2030 with expected solar freezer market
forecast at a CAGR of 6.9% from 2021 to 2030.
The demand for solar freezer industry has drastically increased
due to the outbreak of the novel coronavirus all over the world. Most of the
powerful countries have invested huge amount of money to curb the demand for
vaccine freezer and refrigerator in various places where electricity is not
available throughout the day. Additionally, rise in awareness regarding the
prospects of solar freezer is expected create solar freezer market
opportunities of growth throughout the forecast period.
For sample @ https://www.alliedmarketresearch.com/request-sample/12225
Moreover, creating
awareness among the people about the usage of eco-friendly products such as
solar freezer and also making it affordable at a low price with high-quality
technologies can replace the conventional freezer in the supermarkets and also
can be used to increase the revenue of ice cream industry by aiding them in developing
in the unexplored locations. The increase in awareness among the people
regarding carbon emission due to power generation through fossil fuels being
used by conventional refrigerator in increasing the demand for solar freezer
among the household appliance sector and many other commercial sectors
throughout the forecast period.
Rise in need for eco-friendly energy solutions has
further propelled the demand for solar freezer. For instance, Indian government
took various steps to promote the solar-based appliances for the basic needs in
the rural areas where the electrical transmission is not available. The
government also invested nearly 135 million through various banks to the
industries under the solar home system (SHS) segment.
Solar-based household appliances are promoted in these
areas to make people live in better conditions such as basic lighting and other
basic services. Government schemes and initiatives toward the use of
solar-based system is expected to boost the growth of the solar freezer market
during the forecast period. However, high prices of solar freezer
compared to conventional fuel-based freezers is expected to hamper the sales of
solar freezer market during the forecast period.
For purchase enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/12225
The global solar freezer market is segmented on the basis
of type, capacity, end use, and region. Depending on type, the market is
categorized into solar-battery based and solar-direct drive. In terms of value,
solar-battery based segment accounted for the largest share in 2020, owing to
its ease of use and low maintenance cost. On the basis of capacity, it is
divided into less than 250 ltrs, 250-500 ltrs, and more than 500 ltrs. In terms
of volume, the 250-500 ltrs segment accounted for the largest market share in
2020.
End uses of solar freezer include medical (hospitals,
pharmacies & vaccines, blood banks and others), household, infrastructure,
commercial, and other end uses. The infrastructure segment held the largest
solar freezer market revenue share in 2020, and is depicted to grow at a CAGR
of 6.3%.
Region wise, the market is studied across North America,
Europe, Asia-Pacific, and LAMEA. As per global solar freezer market analysis,
Asia-Pacific accounted for the largest share of the market in 2020 as well as
the fastest growing region.
The major companies profiled in this report include
CONNEXA ENERGY, EcoSolarCool, SunDanzer, Unique Off-Grid Appliances, B Medical
Systems, DOMETIC, Dulas, Engel Coolers, KYOCERA, Sure Chill Steca Elektronik,
and Vestfrost Solutions.
The key players are involved in partnership and
acquisition strategies to attain key developments in the solar freezer market
trends. For instance, B Medical Systems, signed MOU with Adani group for the
establishment of its manufacturing facility and several technology initiatives
in India. This partnership is expected to develop strong collaboration between
these two companies to bring state of art solar powered vaccine logistics
solutions in India.
Impact Of Covid-19
On the Global Solar Freezer Market
- Emergence of
COVID-19 situation has greatly boosted the growth of the global solar
freezer market for a short period.
- This
market has witnessed growth in demand during this pandemic, due to
increase in demand for the vaccine storage freezer. The development of
various kinds of vaccines and medicine for the coronavirus has propelled
the growth of this market.
- Use of
solar freezers in storing blood and medicines in pharmaceuticals is
expected to increase the sales of solar freezer during the COVID-19
pandemic
- Several legal
liabilities over business due to COVID-19 pandemic has pushed commercial
segment to possess slow growth during the pandemic period.
- Thus,
the abovementioned factors are expected to fuel the global solar freezer
market growth in current times.
For
detailed COVID-19 impact on this market @ https://www.alliedmarketresearch.com/request-for-customization/12225?reqfor=covid
Key findings of the study
- The Asia-Pacific
solar freezer market is projected to grow at the highest CAGR of nearly
8.1%, in terms of revenue, during the forecast period.
- By
type, the solar-battery segment accounted for the largest market share in
2020.
- By
capacity, in terms of volume, the 250-500 ltrs segment accounted for the
largest market share in 2020.
- By end
use, the infrastructure segment accounted for the largest market share in
2020.
About us:
Allied Market Research (AMR) is a full-service market
research and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market Research provides global enterprises as well as
medium and small businesses with unmatched quality of "Market Research
Reports" and "Business Intelligence Solutions." AMR has a
targeted view to provide business insights and consulting to assist its clients
to make strategic business decisions and achieve sustainable growth in their
respective market domain.
We are in professional corporate relations with various
companies and this helps us in digging out market data that helps us generate
accurate research data tables and confirms utmost accuracy in our market
forecasting. Each and every data presented in the reports published by us is
extracted through primary interviews with top officials from leading companies
of domain concerned. Our secondary data procurement methodology includes deep
online and offline research and discussion with knowledgeable professionals and
analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Comments
Post a Comment