+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Solar Powered Cold Storage Market Size, Share & Trends Analysis Report By Type (Photovoltaic Operated Refrigeration Cycle, Solar Mechanical Refrigeration, Absorption Refrigeration), By Industry, By Region, And Segment Forecasts, 2025 - 2030

  • PDF Icon

    Report

  • 150 Pages
  • June 2025
  • Region: Global
  • Grand View Research
  • ID: 6111493
Description Jump to:

Solar Powered Cold Storage Market Summary

The global solar powered cold storage market size was estimated at USD 127.30 billion in 2024 and is projected to reach USD 229.22 billion by 2030, growing at a CAGR of 11.0% from 2025 to 2030. The increasing emphasis on reducing food loss, particularly in the agricultural sector, is a key factor driving market adoption.

In developing regions where electricity infrastructure is unreliable or lacking, solar-powered cold storage provides a viable solution to preserve perishable goods. Additionally, the rising need for temperature-sensitive storage for vaccines and pharmaceuticals, especially in remote areas, has further fueled demand. As climate change progresses and energy costs increase, industries are actively seeking cleaner alternatives to traditional diesel- or grid-powered cold chains. Technological advancements are shaping the future of the solar-powered cold storage industry. Innovations in solar panel efficiency, battery storage systems, and thermal insulation materials have greatly improved the performance and reliability of solar-powered refrigeration units. The integration of IoT-enabled monitoring systems enables remote temperature control and fault diagnostics, enhancing asset reliability and product safety. Emerging technologies such as solar thermal refrigeration and phase change material (PCM) cooling are being explored to optimize energy usage. Modular, plug-and-play cold storage solutions are also gaining traction for their portability and ease of deployment in off-grid or disaster-prone areas.

Investments in solar-powered cold storage solutions are rising globally, especially in regions where food security and rural electrification are top priorities. Governments, non-profits, and private investors are supporting pilot programs and scalable deployments in Africa, Asia, and Latin America. In the U.S., federal and state incentives for clean energy are motivating agricultural and logistics operators to adopt solar refrigeration technologies. Companies like SunDanzer, CoolBot, and BoxPower are drawing investment by providing niche solutions that address sustainable agriculture and off-grid infrastructure.

The regulatory landscape is evolving to support the adoption of renewable-powered cold storage. Policies promoting decarbonization and clean energy adoption, such as the Inflation Reduction Act in the U.S., provide financial incentives for solar and energy storage systems, indirectly benefiting the cold storage sector. International development agencies and sustainability programs are integrating solar cold chain investments into rural electrification and food preservation strategies. Furthermore, increasing food safety standards and cold chain compliance regulations are encouraging investments in temperature-controlled logistics, including solar-powered alternatives where grid infrastructure is lacking.

Despite its promise, the solar-powered cold storage market faces several challenges. High upfront capital costs for integrated solar and refrigeration systems remain a barrier, particularly for smallholder farmers and micro-enterprises. Limited awareness and technical expertise among end-users often hinder adoption. Furthermore, maintenance and reliability issues in extreme weather conditions, especially in remote or under-resourced areas, can affect long-term usability.

Global Solar Powered Cold Storage Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, the analyst has segmented the global solar powered cold storage market report based on type, industry, and region:

Type Outlook (Revenue, USD Billion, 2018 - 2030)

  • Photovoltaic Operated Refrigeration Cycle
  • Solar Mechanical Refrigeration
  • Absorption Refrigeration

Industry Outlook (Revenue, USD Billion, 2018 - 2030)

  • Horticulture/Floriculture Industry
  • Plastics and Chemical Industry
  • Pharmaceutical Industry
  • Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Latin America
  • Brazil
  • Middle East and Africa (MEA)
  • KSA
  • UAE
  • South Africa

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Research Methodology
1.2.1. Information Procurement
1.3. Information or Data Analysis
1.4. Methodology
1.5. Research Scope and Assumptions
1.6. Market Formulation & Validation
1.7. Country Based Segment Share Calculation
1.8. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Solar Powered Cold Storage Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Industry Challenge
3.3. Solar Powered Cold Storage Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic landscape
3.3.2.3. Social landscape
3.3.2.4. Technological landscape
3.3.2.5. Environmental landscape
3.3.2.6. Legal landscape
Chapter 4. Solar Powered Cold Storage Market: Type Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Solar Powered Cold Storage Market: Type Movement Analysis, 2024 & 2030 (USD Million)
4.3. Photovoltaic Operated Refrigeration Cycle
4.3.1. Photovoltaic Operated Refrigeration Cycle Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Solar Mechanical Refrigeration
4.4.1. Solar Mechanical Refrigeration Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Absorption Refrigeration
4.5.1. Absorption Refrigeration Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Solar Powered Cold Storage Market: Industry Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Solar Powered Cold Storage Market: Industry Movement Analysis, 2024 & 2030 (USD Million)
5.3. Horticulture/Floriculture Industry
5.3.1. Horticulture/Floriculture Industry Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Plastics and Chemical Industry
5.4.1. Plastics and Chemical Industry Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Pharmaceutical Industry
5.5.1. Pharmaceutical Industry Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Others
5.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Solar Powered Cold Storage Market: Regional Estimates & Trend Analysis
6.1. Solar Powered Cold Storage Market Share, By Region, 2024 & 2030, USD Million
6.2. North America
6.2.1. North America Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.2. U.S.
6.2.2.1. U.S. Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.3. Canada
6.2.3.1. Canada Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.4. Mexico
6.2.4.1. Mexico Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3. Europe
6.3.1. Europe Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.2. UK
6.3.2.1. UK Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.3. Germany
6.3.3.1. Germany Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.4. France
6.3.4.1. France Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.2. China
6.4.2.1. China Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.3. Japan
6.4.3.1. Japan Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.4. India
6.4.4.1. India Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.5. South Korea
6.4.5.1. South Korea Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.6. Australia
6.4.6.1. Australia Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Latin America
6.5.1. Latin America Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5.2. Brazil
6.5.2.1. Brazil Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Middle East and Africa
6.6.1. Middle East and Africa Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.2. UAE
6.6.2.1. UAE Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.3. KSA
6.6.3.1. KSA Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.4. South Africa
6.6.4.1. South Africa Solar Powered Cold Storage Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
7.1. Company Categorization
7.2. Company Market Positioning
7.3. Company Heat Map Analysis
7.4. Company Profiles/Listing
7.4.1. Ecozen Solutions
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Strategic Initiatives
7.4.2. Sundanzer
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Strategic Initiatives
7.4.3. ColdHubs
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Strategic Initiatives
7.4.4. Inficold India Pvt. Ltd.
7.4.4.1. Participant’s Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Strategic Initiatives
7.4.5. Termodizayn
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Strategic Initiatives
7.4.6. Solar Freeze
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Strategic Initiatives
7.4.7. Eco Saras
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Strategic Initiatives
7.4.8. DGridEnergy, LLC
7.4.8.1. Participant’s Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Benchmarking
7.4.8.4. Strategic Initiatives
7.4.9. Promethean Power Systems
7.4.9.1. Participant’s Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Benchmarking
7.4.9.4. Strategic Initiatives
7.4.10. Ice Make Refrigeration Limited
7.4.10.1. Participant’s Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Benchmarking
7.4.10.4. Strategic Initiatives
List of Tables
Table 1 Global solar powered cold storage market size estimates & forecasts 2018 - 2030 (USD Million)
Table 2 Global solar powered cold storage market, by region, 2018 - 2030 (USD Million)
Table 3 Global solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 4 Global solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 5 Photovoltaic operated refrigeration cycle market, by region, 2018 - 2030 (USD Million)
Table 6 Solar mechanical refrigeration market, by region, 2018 - 2030 (USD Million)
Table 7 Absorption refrigeration market, by region, 2018 - 2030 (USD Million)
Table 8 Horticulture/floriculture industry market, by region, 2018 - 2030 (USD Million)
Table 9 Plastics and chemical industry market, by region, 2018 - 2030 (USD Million)
Table 10 Pharmaceutical industry market, by region, 2018 - 2030 (USD Million)
Table 11 Others solar powered cold storage market, by region, 2018 - 2030 (USD Million)
Table 12 North America solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 13 North America solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 14 U.S. solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 15 U.S. solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 16 Canada solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 17 Canada solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 18 Mexico solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 19 Mexico solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 20 Europe solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 21 Europe solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 22 UK solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 23 UK solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 24 Germany solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 25 Germany solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 26 France solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 27 France solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 28 Asia Pacific solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 29 Asia Pacific solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 30 China solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 31 China solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 32 India solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 33 India solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 34 Japan solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 35 Japan solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 36 Australia solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 37 Australia solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 38 South Korea solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 39 South Korea solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 40 Latin America solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 41 Latin America solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 42 Brazil solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 43 Brazil solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 44 MEA solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 45 MEA solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 46 UAE solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 47 UAE solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 48 KSA solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 49 KSA solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
Table 50 South Africa solar powered cold storage market, by type, 2018 - 2030 (USD Million)
Table 51 South Africa solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Solar powered cold storage market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value chain-based sizing & forecasting
Fig. 7 Parent market analysis
Fig. 8 Market formulation & validation
Fig. 9 Solar powered cold storage market snapshot
Fig. 10 Solar powered cold storage market segment snapshot
Fig. 11 Solar powered cold storage market competitive landscape snapshot
Fig. 12 Market research process
Fig. 13 Market driver relevance analysis (Current & future impact)
Fig. 14 Market restraint relevance analysis (Current & future impact)
Fig. 15 Solar powered cold storage market: Type outlook key takeaways (USD Million)
Fig. 16 Solar powered cold storage market: Type movement analysis (USD Million), 2024 & 2030
Fig. 17 Photovoltaic operated refrigeration cycle market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 18 Solar mechanical refrigeration market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 19 Absorption refrigeration market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 20 Solar powered cold storage market: Industry outlook key takeaways (USD Million)
Fig. 21 Solar powered cold storage market: Industry movement analysis (USD Million), 2024 & 2030
Fig. 22 Horticulture/floriculture industry market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 23 Plastics and chemical industry market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 24 Pharmaceutical industry market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 25 Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 26 Regional marketplace: Key takeaways
Fig. 27 Solar powered cold storage market: Regional outlook, 2024 & 2030 (USD Million)
Fig. 28 North America solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 29 U.S. solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 30 Canada solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 31 Mexico solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 32 Europe solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 33 UK solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 34 Germany solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 35 France solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 36 Asia Pacific solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 37 Japan solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 38 China solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 39 India solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 40 Australia solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 41 South Korea solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 42 Latin America solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 43 Brazil solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 44 MEA solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 45 KSA solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 46 UAE solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 47 South Africa solar powered cold storage market estimates and forecasts, 2018 - 2030 (USD Million)
Fig. 48 Strategy framework
Fig. 49 Company Categorization

Companies Mentioned

  • Ecozen Solutions
  • Sundanzer
  • ColdHubs
  • Inficold India Pvt. Ltd.
  • Termodizayn
  • Solar Freeze
  • Eco Saras
  • DGridEnergy, LLC
  • Promethean Power Systems
  • Ice Make Refrigeration Limited

Related Topics

Related Reports

U.S. Solar Powered Cold Storage Market Size, Share & Trends Analysis Report By Type (Photovoltaic Operated Refrigeration Cycle, Solar Mechanical Refrigeration, Absorption Refrigeration), By Industry, And Segment Forecasts, 2025 - 2030 - Product Image

U.S. Solar Powered Cold Storage Market Size, Share & Trends Analysis Report By Type (Photovoltaic Operated Refrigeration Cycle, Solar Mechanical Refrigeration, Absorption Refrigeration), By Industry, And Segment Forecasts, 2025 - 2030

  • Report
  • 100 Pages
  • United States
From
Solar Powered Cold Storage Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type - Product Image

Solar Powered Cold Storage Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type

  • Report
  • 88 Pages
  • Global
From
Solar Powered Vaccine Refrigerators Market by End User, Product Type, Capacity, System Type, Power Source Configuration, Distribution Channel - Global Forecast to 2030 - Product Image

Solar Powered Vaccine Refrigerators Market by End User, Product Type, Capacity, System Type, Power Source Configuration, Distribution Channel - Global Forecast to 2030

  • Report
  • 189 Pages
  • Global
From
Solar Freezer - Global Strategic Business Report - Product Image

Solar Freezer - Global Strategic Business Report

  • Report
  • 275 Pages
  • Global
From
Ultra Cold Storage Freezer Market by Freezer Type, Temperature Range, Capacity Range, Power Source, End-User, Distribution Channel - Global Forecast to 2030 - Product Image

Ultra Cold Storage Freezer Market by Freezer Type, Temperature Range, Capacity Range, Power Source, End-User, Distribution Channel - Global Forecast to 2030

  • Report
  • 182 Pages
  • Global
From
Copyright © 2002-2025 Research and Markets. All Rights Reserved.