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.
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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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Solar-Powered Vaccine Refrigerator Market by Type
- Chest Freezer
- Upright Freezer
Global Solar-Powered Vaccine Refrigerator Market by Temperature Range
- Low-Temperature Freezer
- Ultra-Low-Temperature Freezer
Global Solar-Powered Vaccine Refrigerator Market by End-user
- Blood Banks
- Hospitals
- Academic and Research Institutes
- Pharmaceutical Companies
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Haier Group Corp.
- Meditech Technologies India Pvt. Ltd.
- Neumann & Miller
- QINGDAO HERALD CRYOGENIC TECHNOLOGY CO., LTD.
- Renaissance Energy Systems
- Ruthur Energy Ltd.
- Sundanzer
- Sure Chill
- Vestfrost Solutions
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.
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