PUBLISHER: Grand View Research | PRODUCT CODE: 1771620
PUBLISHER: Grand View Research | PRODUCT CODE: 1771620
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
Market Size & Trends:
The U.S. solar powered cold storage market size was estimated at USD 11.60 billion in 2024 and is projected to grow at a CAGR of 10.1% from 2025 to 2030. The growth is driven by the rising demand for sustainable energy solutions in the agricultural and food distribution sectors. Heightened concerns about carbon emissions from traditional refrigeration systems have prompted the shift toward solar-powered alternatives. The growing focus on minimizing food spoilage and ensuring uninterrupted cold chain logistics, particularly in remote or off-grid areas, has facilitated market expansion. Additionally, the rising cost of conventional energy and the push for greater energy independence have made solar-powered cold storage systems more economically attractive for both businesses and cooperatives.
Technological innovation has improved the functionality and adoption of solar-powered cold storage systems in the U.S. Advances in solar panel efficiency and battery storage technologies, including lithium-ion and phase-change materials, have increased system reliability and cooling duration. Remote monitoring capabilities, utilizing IoT and cloud-based analytics, have been integrated to enhance performance and reduce system downtime. Additionally, hybrid systems that combine solar with other renewable sources or grid backup are being adopted to maintain continuous operation under varying environmental conditions.
Investments in the U.S. solar-powered cold storage industry have received support from both the government and private sectors. Federal agencies, such as the Department of Energy (DOE) and the U.S. Department of Agriculture (USDA), have allocated funding for demonstration projects and infrastructure development in rural and underserved areas. Involvement from the private sector has grown, notably from venture capital firms focusing on clean technology startups. Many agricultural cooperatives and cold chain service providers have invested in solar-integrated storage to lower long-term operating costs and achieve corporate sustainability objectives.
The regulatory framework in the U.S. has played a crucial role in promoting the adoption of solar-powered cold storage solutions. Policies like the federal Investment Tax Credit (ITC) have significantly reduced the cost of solar installations. State-level initiatives, such as net metering and solar renewable energy credits (SRECs), provide additional financial incentives for businesses that invest in solar technologies. Compliance with environmental regulations and green building standards has also encouraged the use of clean energy-based refrigeration systems in commercial and agricultural applications.
However, several challenges continue to hinder market growth. The significant initial capital expenditure required for solar-powered cold storage units remains a major barrier, especially for small-scale farmers and distributors. Technical limitations regarding battery life, storage scalability, and system integration can impact operational efficiency. Geographic factors, such as inconsistent sunlight availability in northern and coastal states, have also affected system performance.
U.S. Solar Powered Cold Storage Market Report Segmentation
This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the U.S. solar powered cold storage market report based on type and industry:
- 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
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. U.S. 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. U.S. 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
- 3.3.1. Industry Analysis - Porter's
Chapter 4. U.S. Solar Powered Cold Storage Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. U.S. 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. U.S. Solar Powered Cold Storage Market: Industry Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. U.S. 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. Competitive Landscape
- 6.1. Company Categorization
- 6.2. Company Market Positioning
- 6.3. Company Heat Map Analysis
- 6.4. Company Profiles/Listing
- 6.4.1. Sundanzer
- 6.4.1.1. Participant's Overview
- 6.4.1.2. Financial Performance
- 6.4.1.3. Product Benchmarking
- 6.4.1.4. Strategic Initiatives
- 6.4.2. DGridEnergy, LLC
- 6.4.2.1. Participant's Overview
- 6.4.2.2. Financial Performance
- 6.4.2.3. Product Benchmarking
- 6.4.2.4. Strategic Initiatives
- 6.4.3. Promethean Power Systems
- 6.4.3.1. Participant's Overview
- 6.4.3.2. Financial Performance
- 6.4.3.3. Product Benchmarking
- 6.4.3.4. Strategic Initiatives
- 6.4.4. Viking Cold Solutions, Inc.
- 6.4.4.1. Participant's Overview
- 6.4.4.2. Financial Performance
- 6.4.4.3. Product Benchmarking
- 6.4.4.4. Strategic Initiatives
- 6.4.5. GoSun
- 6.4.5.1. Participant's Overview
- 6.4.5.2. Financial Performance
- 6.4.5.3. Product Benchmarking
- 6.4.5.4. Strategic Initiatives
- 6.4.6. PLUSS
- 6.4.6.1. Participant's Overview
- 6.4.6.2. Financial Performance
- 6.4.6.3. Product Benchmarking
- 6.4.6.4. Strategic Initiatives
- 6.4.7. Aldelano Solar Solutions
- 6.4.7.1. Participant's Overview
- 6.4.7.2. Financial Performance
- 6.4.7.3. Product Benchmarking
- 6.4.7.4. Strategic Initiatives
- 6.4.8. Coldwell Solar
- 6.4.8.1. Participant's Overview
- 6.4.8.2. Financial Performance
- 6.4.8.3. Product Benchmarking
- 6.4.8.4. Strategic Initiatives
- 6.4.1. Sundanzer
List of Tables
- Table 1 U.S. solar powered cold storage market size estimates & forecasts 2018 - 2030 (USD Million)
- Table 2 U.S. solar powered cold storage market, by type, 2018 - 2030 (USD Million)
- Table 3 U.S. solar powered cold storage market, by industry, 2018 - 2030 (USD Million)
- Table 4 Photovoltaic operated refrigeration cycle market, by country, 2018 - 2030 (USD Million)
- Table 5 Solar mechanical refrigeration market, by country, 2018 - 2030 (USD Million)
- Table 6 Absorption refrigeration market, by country, 2018 - 2030 (USD Million)
- Table 7 Horticulture/floriculture industry market, by country, 2018 - 2030 (USD Million)
- Table 8 Plastics and chemical industry market, by country, 2018 - 2030 (USD Million)
- Table 9 Pharmaceutical industry market, by country, 2018 - 2030 (USD Million)
- Table 10 Others market, by country, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 U.S. 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 U.S. solar powered cold storage market snapshot
- Fig. 10 U.S. solar powered cold storage market segment snapshot
- Fig. 11 U.S. 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 U.S. solar powered cold storage market: Type outlook key takeaways (USD Million)
- Fig. 16 U.S. solar powered cold storage market: Type movement analysis 2024 & 2030 (USD Million)
- 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 U.S. solar powered cold storage market: Industry outlook key takeaways (USD Million)
- Fig. 21 U.S. solar powered cold storage market: Industry movement analysis 2024 & 2030 (USD Million)
- 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 Strategy framework
- Fig. 27 Company Categorization
