As per the latest report by IMARC Group, titled “Solar Freezer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global solar freezer market size reached US$ 9.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
A solar freezer is a technologically advanced electrical appliance that provides an eco-friendly and energy-efficient food storage and preservation solution. It comprises photovoltaic panels that help convert sunlight into electricity, which is then stored in batteries to supply power to the freezer. It ensures continuous operation even during cloudy days or at night without direct sunlight. It is generally used in remote areas with limited or no access to the conventional electricity grid, such as rural settlements, off-grid homes, and outdoor camps. It is also utilized in regions with frequent power outages and unstable electricity supply. Besides this, as it offers a sustainable and reliable alternative to traditional electric freezers, the demand for solar freezer is accelerating across the globe.
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Global Solar Freezer Market Trends:
The rising global emphasis on renewable energy usage and reducing greenhouse gas emissions are driving the demand for solar freezers as they are extensively used in solar power, a clean and renewable source. Along with this, the increasing demand for solar freezers in remote and rural regions to provide reliable electricity access is supporting the growth of the market. Apart from this, solar freezers offer an efficient, independent means of preserving food and medicines, contributing substantially to improving living standards and health outcomes.
Furthermore, ongoing advancements in solar technology, including improvements in photovoltaic efficiency, battery storage capacity, and overall design of solar freezers, are enhancing their performance, reliability, and user-friendliness. Moreover, governing authorities of various countries are taking initiatives to promote renewable energy use, including grants, subsidies, and favorable policies. Such initiatives reduce the initial investment for solar freezers, making them more affordable and attractive for consumers.
Solar Freezer Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the solar freezer market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- B Medical Systems
- Connexa
- Dulas Ltd
- KATEK Memmingen GmbH
- Kyocera Corporation
- Rockwell Industries Limited
- Sholep Energy Ltd
- Sundanzer
- The Sure Chill Company Limited
- Unique Appliances Ltd and 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:
- Medical
- Hospitals
- Pharmacies and Vaccines
- Blood Banks
- Others
- Household
- Infrastructure
- Commercial
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
Note: 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.
About Us:
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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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