Solar Freezer Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Solar Freezer Market grew at a CAGR of 7.4% between 2017-2021 and is estimated to be US$ 642.1 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 8.0% and is expected to reach a valuation of US$ 1,386.2 Mn by 2032 end.
Solar Freezers can play a transformative role in improving people’s health and socioeconomic statuses. Solar Freezers are now used in several end-use applications such as households, dairy, research labs, medicals, etc.
ChemView Consulting has analyzed that the solar freezer market is primarily propelled by increasing need among the healthcare facilities sectors in off-grid areas and demand for solar refrigeration in the military & recreation sectors. Solar freezers are becoming increasingly popular to keep food and other perishables cold without using electricity from the grid. A solar freezer is a freezer that uses solar energy to power its refrigeration system. Solar freezers typically use photovoltaic panels or solar thermal collectors to capture energy from the sun.
This energy is then used to run the freezer’s compressor, which cools the air inside the freezer. Solar freezers can be used in off-grid applications, such as remote cabins, RVs, or grid-tied homes and businesses, to reduce energy costs. However, awareness regarding the prospects of the solar freezer would open new opportunities in the coming years.
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Segments Covered in Report
By Type:
- Solar Battery Based
- Solar Direct Drive
By Capacity :
- Less than 250 Liter
- 250 – 500 Liter
- Above 500 Liter
By Application :
- Hospitals & Blood Bank
- Pharmacies & Vaccine
- Commercial
- Others
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Solar Freezer Market
- Based on the type, At 60.0% of the market, solar batteries had the greatest revenue share. Solar battery-based freezers hold a major market share and are likely to continue to dominate the market during the forecast period.
- Based on the Capacity, In 2021, The demand for freezers with a capacity of 250-500 liters was significantly higher in the market. This product segment offers a good size and occupies less space than smaller freezers. The above 500-liter segment will likely witness significant growth during the forecast period.
- Based on Region, the Asia Pacific market held a sizeable revenue share of 51.2%. In this Region, these highly efficient machines reduce electricity consumption. Also, their environmental benefits are limited as these freezers do not affect it in any way.
Competition Summary
Key companies covered in the market study are B Medical Systems, Connexa Energy, Dometic, DULAS, ECOSOLARCOOL, SUNDANZER, Kyocera, SURECHILL, Steca, UNIQUE APPLIANCES, VESTFROST SOLUTION.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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