(MENAFNEditorial) iCrowdNewswire - Oct 27, 2017
report provides actionable intelligence on factors that have been driving demand; key trends that are impacting the market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments. Industry experts project Solar Freezer market to grow at a CAGR of 10.23% during the period 2017-2021.
Solar-powered appliances are being adopted owing to their benefits of use. The increasing need to replace conventional sources of power with renewables, and the need to reduce the use of chlorofluorocarbons (CFCs), a potent ozone-depleting agent, will result in the increased adoption of solar-powered refrigeration units. Around 20% of the average monthly electricity consumption is used for powering appliances such as oven and microwave.
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Solar Freezer Market Drivers, Challenges and Trends: –
Market Driver: – one driver in the market is increased focus on reduction of carbon emissions. The effects of global warming, if not mitigated through constructive strategies, will bring immense damage to the environment and consequently to the global population. Burning fossil fuels for power generation is the leading cause of global warming. The energy sector accounts for nearly 40% of the global CO₂ emissions. As a result, several countries are emphasizing the use of renewable energy sources for power generation.
Market Challenge: – one challenge in the market is high cost of purchase. The purchase of solar freezers is capital intensive. It is estimated that the cost of a solar freezer is three to five times than that of a conventional freezer. The operational costs of solar-based systems are less, owing to their non-dependence on other resources, apart from the sun. However, high capital costs of installation can offset the benefits due to reduced operational costs in the short term. This same rationale impedes the adoption of solar freezer. Standard freezers are relatively cheaper to purchase.
Market trend: – One trend in the market is increased adoption of SDD solar freezers. Solar direct drive (SDD) refrigeration is a more sustainable and reliable option that is adopted to improve cold chain refrigeration management and optimization in areas with unreliable power supply. SDDs address some of the challenges of alternative technologies, which include high maintenance requirements, recurring costs, as well as availability of reliable power supply
Market segmentation by application: – Comparison by application, medical – market size & forecast, commercial – market size & forecast, military – market size & forecast, residential – market size & forecast, market opportunity by application; Market segmentation by technology: – Comparison by technology, BPS – market size & forecast, SDD – market size & forecast, market opportunity by technology regional landscape ;Geographic Segmentation: – Americas, APAC, EMEA
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To determine the Solar Freezer market size the report considers a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report covers the market landscape and its growth prospects over the coming years. Report contains vendor landscape in addition to a SWOT analysis of the key vendors operating in Solar Freezer market space like CONNEXA ENERGY, EcoSolarCool, SunDanzer, Unique Off-Grid Appliances, B Medical Systems and many more.
Some key points of Solar Freezer Market research report: –
What is status of Solar Freezer Market? This Overview Includes Analysis of Market trends, Prospect, Growth trend, Key buying criteria, Product offerings, Key takeaways. What will the market size be in 2021 and what will the growth rate be?
What Is Solar Freezer Competitive landscape considering Manufacturers, Types, Application; their business segmentation by revenue?
Market Effect Factors Analysis: What Are Drivers, Challenges and their impact? What are the crucial market trends?
Decision framework of Solar Freezer Industry; Consumer Needs or What Change Is Observed in Preference of Customer of Solar Freezer Market
What is Solar Freezer Market forecast Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications?
This report provides new business dimensions with an eye on growth opportunities and contribution of upcoming market segments.
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