PUBLISHER: The Business Research Company | PRODUCT CODE: 1888456
PUBLISHER: The Business Research Company | PRODUCT CODE: 1888456
Solar powered cold storage is a refrigeration system that utilizes solar energy to maintain low temperatures without depending entirely on grid electricity. It operates by capturing sunlight through solar panels, converting it into electricity that is stored in batteries or used directly to power cooling units and sustain stable cold-room conditions. By allowing safe storage of perishable items such as food and vaccines in regions with limited power availability, it helps minimize waste, reduce energy costs, and support sustainable supply chains.
The key types of solar powered cold storage are photovoltaic-operated refrigeration cycle, solar mechanical refrigeration, and absorption refrigeration. A photovoltaic-operated refrigeration cycle is a solar-powered system that uses electricity from solar panels to operate a vapor-compression refrigeration system for sustainable cooling. It includes components such as solar panels, batteries, refrigeration units, controllers, and other elements. These systems serve various applications including agriculture, food and beverage, pharmaceuticals, chemicals, and more, and are used by diverse end-users such as farmers, food distributors, hospitals and clinics, retailers, and other stakeholders.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The accelerated imposition of U.S. tariffs and the emerging trade conflicts in spring 2025 are significantly influencing the food and beverage sector by raising the costs for imported ingredients including olive oil, cheese, and tropical fruits, forcing food brands to reformulate products or accept lower margins. Beverage makers face similar pressures, with aluminum can tariffs increasing packaging expenses. Retaliatory tariffs on U.S. agricultural exports (e.g., soybeans, pork) have also disrupted farm-to-processing supply chains. Companies are reformulating recipes, sourcing locally where possible, and hedging commodity purchases to manage volatility.
The solar powered cold storage market research report is one of a series of new reports from The Business Research Company that provides solar powered cold storage market statistics, including solar powered cold storage industry global market size, regional shares, competitors with the solar powered cold storage market share, solar powered cold storage market segments, market trends, and opportunities, and any further data you may need to thrive in the solar powered cold storage industry. This solar powered cold storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The solar powered cold storage market size has grown rapidly in recent years. It will grow from $2.61 billion in 2024 to $3.02 billion in 2025 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to rising demand for off-grid refrigeration in rural areas, increasing adoption of renewable energy-based storage solutions, growth in agricultural exports requiring dependable cooling, surge in government initiatives promoting sustainable cold chains, expansion of perishable food distribution networks, and heightened focus on minimizing post-harvest food losses.
The solar powered cold storage market size is expected to see rapid growth in the next few years. It will grow to $5.40 billion in 2029 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to increasing investment in decentralized cold storage facilities, growing emphasis on sustainable food supply chains, rising integration of solar energy in agricultural infrastructure, expansion of rural electrification and green energy programs, growth in horticulture and fisheries requiring temperature-controlled logistics, and increasing global focus on carbon-neutral storage solutions. Key trends in the forecast period include technological advancements in hybrid solar-battery cold storage systems, improvements in smart energy management and temperature monitoring, innovations in modular and portable cold storage unit design, developments in phase change materials for extended cooling duration, research in high-efficiency solar panels for refrigeration, and advancements in remote monitoring and data-driven maintenance systems.
The rising demand for sustainable and energy-efficient refrigeration solutions is expected to drive growth in the solar powered cold storage market. Sustainable and energy-efficient refrigeration solutions are cooling systems designed to minimize energy use and reduce greenhouse gas emissions through advanced technologies and eco-friendly refrigerants. Adoption of these systems is increasing due to the implementation of strict environmental regulations aimed at lowering greenhouse gas emissions, prompting industries to shift toward low-emission, energy-efficient refrigeration technologies. Solar powered cold storage systems support this trend by using renewable solar energy to provide low-emission, cost-effective, and environmentally responsible cooling. For example, in September 2024, the Environmental Protection Agency (EPA) reported that its GreenChill program included over 13,500 supermarket stores, representing roughly 30% of all U.S. supermarkets, with more than 900 certified stores using energy-efficient refrigeration solutions, marking a 10% rise from 2023. Consequently, the growing demand for sustainable and energy-efficient refrigeration solutions is boosting the solar powered cold storage market.
Key companies in the solar powered cold storage market are integrating technological innovations such as ice-storage thermal battery systems to improve energy efficiency and ensure continuous off-grid cooling reliability. Ice-storage thermal battery systems are advanced thermal energy storage technologies that store surplus solar energy as ice during the day and release it when sunlight is unavailable, enabling extended off-grid operation and reducing battery dependence. For instance, in November 2023, Koolboks, a France-based provider of off-grid solar refrigeration solutions, developed a solar-powered refrigerator with an ice-storage thermal battery system for rural and off-grid markets. The unit features solar photovoltaic (PV) modules, lithium-ion battery backup, and an ice-storage compartment capable of maintaining cooling for up to four days without sunlight, enhancing cold-chain reliability, operational efficiency, and affordability for users in remote areas.
In May 2025, Copeland LP, a US-based provider of sustainable heating, cooling, and refrigeration solutions, partnered with Ecozen Solutions to advance solar-powered cold storage systems for agricultural communities in India. Through this collaboration, Copeland aims to improve Ecozen's cold storage units by integrating variable speed compressor technology to enhance reliability, reduce energy use, and support efficient off-grid operations. Ecozen Solutions Pvt. Ltd., based in India, specializes in solar-powered cold storage and cooling technologies designed to minimize post-harvest losses and boost farmers' productivity.
Major players in the solar powered cold storage market are Haier Group Corporation, Murugappa Group ( through PLUSS Advanced Technologies Ltd ), Energy Efficiency Services Limited (EESL), Ecozen Solutions Private Limited, Koolboks Incorporated, Dulas Ltd., Inficold Private Limited, BoxPower Incorporated, Aldelano Solar Solutions Incorporated, Ice Make Refrigeration Limited, SureChill Limited, ColdHubs Limited, SunDanzer Refrigeration Incorporated, Solar Freeze Ltd., DGridEnergy Limited Liability Company, TITAN Containers A/S, InspiraFarms Limited, Eco Saras Private Limited, Shandong Lingfan Technology Company Limited, Suncool Storage Limited.
Asia-Pacific was the largest region in the solar powered cold storage market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in solar powered cold storage report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the solar powered cold storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The solar powered cold storage market consists of revenues earned by entities by providing services such as installation, maintenance, repair, system integration, performance monitoring, and technical support. The market value includes the value of related goods sold by the service provider or included within the service offering. The solar powered cold storage market also includes sales of solar charge controllers, power inverters, temperature sensors, data loggers, insulation materials, and thermal energy storage units. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Solar Powered Cold Storage Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on solar powered cold storage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for solar powered cold storage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The solar powered cold storage market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.