Global Solar Freezer Market 2017-2021

This industry research report identifies CONNEXA ENERGY, EcoSolarCool, SunDanzer, and Unique Off-Grid Appliances as the key vendors in the global solar freezer market. A comprehensive analysis of this market is also presented by application (medical, commercial, military, and residential), by technology (BPS and SDD), and by geography (the Americas, APAC, and EMEA).

Overview of the global solar freezer market

Technavio’s research analysis on the global solar freezer market identifies the rising demand for solar freezers in cold chain sector will be one of the major factors that will have a positive impact on the growth of the market. Cold chains are a temperature-controlled supply chain consisting of a series of refrigerated products, storage, and distribution activities that maintain the needed low-temperature range. These cold chains are increasingly used to store and extend the shelf life of products such as fresh agricultural produce, seafood, frozen food, photographic film, chemicals, and pharmaceutical drugs. Solar freezers are a vital component of cold chain supply chain management. Several vendors in the market are offering solar freezers based on solar direct drive (SDD) technology that comprises of many refrigerators and freezers that work on the power from the solar panels. Also, for better supply chain management of the cold chain, UNICEF has procured solar direct-drive refrigeration systems for optimization and management of cold chain refrigeration in areas with variable power supply. This rising demand and requirement for cold chains will drive the growth of the global solar freezer market, especially in developing countries during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 10% by 2021.

The Americas will be the major revenue contributor of the solar freezer market throughout the forecast period. The presence of numerous well-established vendors, availability of government policies for supporting solar initiatives, and consumer-driven interest to lower CO₂ emissions will drive the solar freezer market demand in the region.

What's your takeaway?

Technavio's industry research report titled, global solar freezer market 2017-2021, will help you-

• Identify latent opportunities and explorative solutions in the solar freezer market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The solar freezer market consists well-diversified international, regional, and local vendors. As the international players are expanding their presence, the regional vendors are finding it hard to compete with them based on quality, technology, and price. The competitive environment in the solar powered freezer market will further increase with the rise in product or service extensions, innovations in technology, and M&A activities.

The leading vendors in the market are –

• CONNEXA ENERGY
• EcoSolarCool
• SunDanzer
• Unique Off-Grid Appliances

The other prominent vendors in the market are B Medical Systems, DOMETIC, Dulas, Engel Coolers, KYOCERA, Sure Chill, Steca Elektronik, and Vestfrost Solutions

Segmentation by application and analysis of the solar freezer market

• Medical
• Commercial
• Military
• Residential

The growth of the global medical industry with measures taken for the safe transportation and storage of vaccines will be the key factor driving growth of the solar freezer market during the forecast period. Also, the availability of many vendors offering solar freezers for medical industry and significant use of cold chain will drive the growth of the solar powered freezer market in this segment.

Segmentation by technology and analysis of the solar freezer market

• Battery powered system (BPS)
• Solar direct drive (SDD)

According to per this market research report, the BPS technology segment will account for the maximum shares of the solar freezer market until 2021. The limited maintenance cycles for sealed batteries and the continuous supply of power regardless of the weather conditions, will drive the growth of the battery-powered solar freezers market.

Key questions answered in this report 

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global solar freezer market?
• What are the key market trends impacting the growth of the global solar freezer market?
• What are the challenges to market growth?
• Who are the key vendors in the global solar freezer market?
• What are the market opportunities and threats faced by the vendors in the global solar freezer market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global solar freezer market?

Technavio also offers customization on reports based on specific client requirement.