Product Code: GVR-4-68040-619-0
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, Grand View Research 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
- Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Middle East and Africa (MEA)
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