Solar-powered Vaccine Refrigerator Market to Witness Robust Expansion by 2029

The global solar-powered vaccine refrigerator market is anticipated to grow at a CAGR of nearly 6.5% during the forecast period. The solar-powered vaccine refrigerator plays an important role during the COVID-19 pandemic. As per the article published by Solarkiosk Solutions GmbH, in December 2020, around 75% of the population across the globe must be vaccinated. A big operational and infrastructural challenge, in order to achieve this goal, COVID-19 vaccines have to be transported and stored in a certain temperature-controlled environment. If vaccines are not stored correctly, they stop working effectively. Their potency is affected when they are stored outside of the correct temperature range. However, many countries have not done vaccination due to the lack of adequate cold storage infrastructure to properly store their COVID-19 vaccines at the required temperatures. As per the AP news, vaccine (cold) storage issues could leave 3 billion people without access to the much-needed vaccinations. Further, it has also been estimated by World Health Organization (WHO) that only 28% of health facilities have access to reliable electricity and which can deploy efficient cold vaccine storage within the campus. Having this cold storage capacity available will be crucial in governments' COVID-19 vaccine distribution efforts. Such factors have forced government and various market players to expand their relationship and eradicate the problem the vaccine storage.

For instance, in November 2022, Pan American Health Organization (PAHO) in collaboration with the government of Canada and Bureau of Public Health initiated National Immunization Program. Through this partnership, the government aims to provide the country with support for various pillars of the COVID-19 response including vaccination roll-out in keeping with the COVID-19 National Vaccination Deployment Plan. As a part of the plan, the government and PAHO has donated two pharmaceutical refrigerators and 1 freezer to BOG in January 2022.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Type
By Temperature Range
By End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Qingdao Amed Commercial Refrigeration Equipment Co., Ltd, QINGDAO HERALD CRYOGENIC TECHNOLOGY CO., LTD, Renaissance Energy Systems, RuthurEnergy Ltd., Sundanzer, and Vestfrost Solutions, among others.

Solar-powered Vaccine Refrigerator Market Segmentation

 By Type

Chest Freezer
Upright Freezer

By Temperature Range

Low-Temperature Freezer
Ultra-Low-Temperature Freezer

By End-user

Blood Banks
Hospitals
Academic and Research Institutes
Pharmaceutical Companies

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Regional Analysis                                                                                                                                                                            

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

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

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