Solar-powered Vaccine Refrigerator Market
Global Solar-powered Vaccine Refrigerator Market Size, Share & Trends Analysis Report by Type (Chest Freezer And Upright Freezer), by Temperature Range (Low-Temperature Freezer And Ultra-Low-Temperature Freezer), and by End-User (Blood Banks, Hospitals, Academic & Research Institutes, And Pharmaceutical Companies), Forecast (2021-2027) Update Available - Forecast 2024-2030
The global solar-powered vaccine refrigerator market is anticipated to grow at a significant CAGR of nearly 6.5% during the forecast period. The major factors that are driving the market growth include the governments are being keener, and cautious about the health care facilities provided to the citizens. For instance, In February 2019, the new solar refrigerators strengthen the Malian government's support for renewable energy. The use of solar panels, as a source of renewable energy to power. Another factor include that the successful vaccination program requires high immunization coverage in large population. The vaccine market is reaching developing countries and remote area due to the efforts of global immunization programmes. For instance, in December 2021, UNICEF, with support from USAID, has donated 77 solar powered refrigerators to the Ministry of Health and Sanitation in Sierra Leone, providing conducive storage facilities for essential lifesaving vaccines and strengthening the cold chain system.
Impact of COVID-19 Pandemic on Global Solar-powered Vaccine Refrigerator Market
The COVID-19 pandemic had disrupted the manufacturing operations of various industries across the globe. However, the COVID-19 pandemic has positive impact on the market which increase the demand for solar-powered vaccine refrigerator. The increasing rate of epidemics in two decades, the most notably COVID-19 pandemic and the growing elderly population in the world are the prominent drivers of the global vaccine refrigerator demand.
Segmental Outlook
The global solar-powered vaccine refrigerator market is segmented based on the type, temperature range, and end-user. Based on the type, the market is segmented into chest freezer, upright freezer. Based on the temperature range, the market is sub-segmented into the basic low-temperature freezer, and ultra-low-temperature freezer. Based on the end-user, the market is sub-segmented into blood banks, hospitals, academic and research institutes, and pharmaceutical companies.
Global Solar-powered Vaccine Refrigerator Market Share by End-User, 2020 (%)
Pharmaceutical Companies Segment is Expected to Hold Significant Share in the Global Solar-Powered Vaccine Refrigerator Market
Based on the end-user segment, the pharmaceutical end-user holds the major share in 2020. The segment is increasing due to the development of various kinds of vaccines and medicine for the treatment of COVID-19 has propelled the growth of solar-powered vaccine market, which in turn creating opportunity for various companies to create new and efficient way to transport the vaccines from production area to the consumers.
Regional Outlook
The global Solar-powered Vaccine Refrigerator market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific region is expected to grow at a considerable CAGR over the forecast period, owing to the rise in several government initiatives for increasing the use of natural resources catering to prevent the degradation of the environment.
Global Solar-powered Vaccine Refrigerator Market Growth by Region, 2021-2027
North America Region is Anticipated to Hold Considerable Share in the Global Solar-Powered Vaccine Refrigerator Market
North American region is anticipated to hold prominent market share in the solar-powered vaccine refrigerator market. The North America region comprises of developed nations such as the US and Canada, which have strong economic hold. The regional growth of the market is attributable due to factors such as rising research activities for the treatment of diseases, increasing incidence of chronic & infectious diseases, and the replacement of old medical refrigerators with new & advanced energy-efficient cold storage device. For instance, in August 2021, B Medical Systems a vaccine cold chain and medical refrigeration manufacturer received the Energy Star certification for a range of its products. The company products including 115V 60Hz blood refrigerators, pharmacy refrigerators, laboratory freezers, and ultra-low freezer premium models have received the Energy Star certification granted by the US Environmental Protection Agency (USEPA).
Market Players Outlook
The major companies serving in the global solar-powered vaccine refrigerator market include ACMAS Technologies Pvt. Ltd, Dulas Ltd., Godrej Appliances, Haier Group Corp., KYOCERA Corp., Meditech Technologies India Pvt. Ltd., and Neumann & Miller. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in December 2020, Godrej Appliances ramped up its medical refrigerator production capacity for the COVID-19 vaccine cold chain in India. The company has a range of vaccine refrigerators that operate in the precise temperature band of 2-8°C and now, also offers advanced medical freezers with cooling up to -20°C. Godrej Appliances has already ramped up medical refrigerator production capacity from 10,000 units per annum to 35,000 units per annum to meet the growing demand.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global solar-powered vaccine refrigerator market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Solar-Powered Vaccine Refrigerator Market
• Recovery Scenario of Global Solar-Powered Vaccine Refrigerator Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. ACMAS Technologies (P) Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Dulas Ltd.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Godrej Appliances
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. KYOCERA Corp.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Qingdao Amed Commercial Refrigeration Equipment Co., Ltd.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Solar-Powered Vaccine Refrigerator Market by Type
4.1.1. Chest Freezer
4.1.2. Upright Freezer
4.2. Global Solar-Powered Vaccine Refrigerator Market by Temperature Range
4.2.1. Low-Temperature Freezer
4.2.2. Ultra-Low-Temperature Freezer
4.3. Global Solar-Powered Vaccine Refrigerator Market by End-user
4.3.1. Blood Banks
4.3.2. Hospitals
4.3.3. Academic and Research Institutes
4.3.4. Pharmaceutical Companies
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Haier Group Corp.
6.2. Meditech Technologies India Pvt. Ltd.
6.3. Neumann & Miller
6.4. QINGDAO HERALD CRYOGENIC TECHNOLOGY CO., LTD.
6.5. Renaissance Energy Systems
6.6. Ruthur Energy Ltd.
6.7. Sundanzer
6.8. Sure Chill
6.9. Vestfrost Solutions
1. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL SOLAR-POWERED VACCINE CHEST FREEZER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL SOLAR-POWERED VACCINE UPRIGHT FREEZER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TEMPERATURE RANGE, 2020-2027 ($ MILLION)
5. GLOBAL LOW-TEMPERATURE SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL ULTRA-LOW-TEMPERATURE SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
8. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR IN BLOOD BANKS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR IN HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR IN ACADEMIC AND RESEARCH INSTITUTES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR IN PHARMACEUTICAL COMPANIES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
15. NORTH AMERICAN SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TEMPERATURE RANGE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
17. EUROPEAN SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
19. EUROPEAN SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TEMPERATURE RANGE, 2020-2027 ($ MILLION)
20. EUROPEAN SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TEMPERATURE RANGE, 2020-2027 ($ MILLION)
24. ASIA-PACIFIC SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
25. REST OF THE WORLD SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
26. REST OF THE WORLD SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
27. REST OF THE WORLD SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY TEMPERATURE RANGE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD SOLAR-POWERED VACCINE REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET, 2021-2027 (%)
4. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL SOLAR-POWERED VACCINE CHEST FREEZER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL SOLAR-POWERED VACCINE UPRIGHT FREEZER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET SHARE BY TEMPERATURE RANGE, 2020 VS 2027 (%)
8. GLOBAL LOW-TEMPERATURE SOLAR-POWERED VACCINE REFRIGERATOR MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL ULTRA-LOW-TEMPERATURE SOLAR-POWERED VACCINE REFRIGERATOR MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET SHARE BY END-USER, 2020 VS 2027 (%)
11. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR IN BLOOD BANKS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR IN HOSPITALS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR IN ACADEMIC AND RESEARCH INSTITUTES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR IN PHARMACEUTICAL COMPANIES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL SOLAR-POWERED VACCINE REFRIGERATOR MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. US SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
17. CANADA SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
18. UK SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
19. FRANCE SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
20. GERMANY SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
21. ITALY SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
22. SPAIN SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
23. REST OF EUROPE SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
24. INDIA SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
25. CHINA SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
26. JAPAN SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
27. SOUTH KOREA SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF ASIA-PACIFIC SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF THE WORLD SOLAR-POWERED VACCINE REFRIGERATOR MARKET SIZE, 2020-2027 ($ MILLION)
