According to IMARC Group’s latest report, titled “Solar Freezer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global solar freezer market reached a value of US$ 8.63 Billion in 2021. A solar freezer is a refrigerator that runs on electricity powered by solar energy. It employs a photovoltaic (PV) panel, vapor compressor, thermal storage, reservoir, and electronic controls that offer PV operated refrigeration cycle, solar mechanical refrigeration, and absorption refrigeration.
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The global market is primarily driven by an enhanced focus on sustainable development. With the increasing environmental concerns among the masses, there has been a considerable rise in the uptake of renewable energy sources, which, in turn, is providing an impetus to the market growth. Furthermore, significant growth in the pharmaceutical sector due to the rapid outbreak of the coronavirus disease (COVID-19) pandemic across the globe has positively influenced product demand for storing temperature-sensitive medications. Other factors, including the increasing government efforts to curb the urgent need for vaccine transportation and cold storage, continual innovations in off-grid refrigeration and extensive research and development (R&D) activities, are also creating a positive outlook for the market. Looking forward, IMARC Group expects the market to reach US$ 12.67 Billion by 2027, exhibiting at a CAGR of 6.1% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
- B Medical Systems
- Dulas Ltd
- KATEK Memmingen GmbH
- Kyocera Corporation
- Rockwell Industries Limited
- Sholep Energy Ltd
- The Sure Chill Company Limited
- Unique Appliances Ltd
- Vestfrost Solutions.
Key Market Segmentation:
Breakup by Type:
- Solar-Battery Based
- Solar-Direct Drive
Breakup by Capacity:
- Less Than 250 Ltrs
- 250-500 Ltrs
- More Than 500 Ltrs
Breakup by End Use:
- Pharmacies and Vaccines
- Blood Banks
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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