Global Solar Powered Cold Storage Market was valued US$ XX Mn. in 2019 and is expected to reach US$ XX Mn. by 2027 at a CAGR of XX% over the forecast period.
Solar Powered cold storage is a large refrigerated room or building designed for storage of goods in an environment below the outdoor temperature using energy from solar panels mounted on roof top of the cold stores. Solar panels stores the solar energy in high capacity batteries which feeds the refrigeration units. It is used for pre-cooling and storing the perishable item like flowers, fruit, beverages, vegetable etc. It maintains the temperature to prevent the rotting, sprouting, damage of products from insects and other forms of degradation.
The study of Global Solar Powered Cold Storage Market includes the market size, growth rate and market share in different segments which helps user to make precise decision in order to expand their market presence and increase their market share. The report has analysed the growth trends and future prospects of the Global Solar Powered Cold Storage Plant Market.
Government initiatives towards the use of renewable energy source-
Supportive government policies and initiatives are boosting the solar powered cold storage market all over the world.Entrepreneurs and investors are increasingly turning their attention to unlocking greater value for farmers with innovative solutions powered by solar energy, which is driving the growth of Global Solar Powered Cold Storage Market.
Growth of Agriculture sector in developing economies-
Agricultural development is one of the most important factor affecting the growth of solar powered cold storage market. One- third of the agricultural produce is wasted either by damage or degradation. Solar powered cold storage enables farmers to reduce the wastage of produce and improve the storage quality, which has eventually accounted for the increase in demand for solar powered cold storage.
Cost of Solar Panels-
The overall cost of the solar powered cold storage system is 30-40% higher than the normal cold storage system. The cost incurred during the installation and in the maintenance of solar panels is high. This high cost is the factor, which affects the market size of the Global Solar Powered Cold Storage Market.
The report groups the Global Solar Powered Cold Storage Market in different segments by type, by end user, and by region to forecast the revenues and analyse the market share of each segment over the forecast period.
Global Solar Powered Cold Storage Market
By Region, the APACGlobal Solar Powered Cold Storage Marketwas dominant in 2019 and is expected to command market share ofxx% by 2027.The rising demand for Global Solar Powered Cold Storage Market from developing economies is driving the growth of Global Solar Powered Cold Storage Market.
Global Solar Powered Cold Storage Market1
APAC is expected to command largest market share of xx% by 2027
The APAC region contributes 19% of total global food in the global food chain and 31% of total agricultural produce in exports and imports.Asia has the largest and growing population coupled with rising incomes, which is driving the demand for food & agricultural commodities and resourcesin the region. Solar powered Cold storage unit can become a breakthrough product in this region.
MEA is expected to command market share of xx% by 2027
Increasing food demand and water efficient irrigation facilities are enabling the high production and export import of agricultural products in MEA region, which can be attributed to the increasing demand for Global Solar Powered Cold Storage Market in the forecast period.
The objective of the report is to present a comprehensive analysis of the Global Solar Powered Cold Storage Market including all the stakeholders of the industry. The past and current status of the industry with forecast market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Solar Powered Cold Storage Marketdynamics, structure by analyzing the market segments and project the Global Solar Powered Cold Storage Marketwhich gives clear representation of competitive analysis of key players by price, financial position, Material portfolio, growth strategies, and regional presence in the Global Solar Powered Cold Storage Market make the report investor’s guide.
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Scope of the report-
Global Solar Powered Cold Storage Market, by Type
• Photovoltaic Operated Refrigeration Cycle
• Solar Mechanical Refrigeration
• Absorption Refrigeration
Global Solar Powered Cold Storage Market, by End-user
• Horticulture/Floriculture Industry
• Plastics and chemical Industry
• Pharmaceutical Industry
Global Solar Powered Cold Storage Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating inGlobal Solar Powered Cold Storage Market
• Unitech Engineering Solutions
• Covestro AG
• Bharat Solar Energy
• Ecozen Solutions
• Solar Freeze
• Aldelano Solar Solutions
• Mech Air Industries
• Ice Make Refrigeration Limited
• Inspira Farms
• Contained energy
• Ahata Industries
• Dgrid Energy
This Report Is Submitted By : Maximize Market Research Company
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