Several regions across the globe donot have access to grid electricity. This has become a serious challenge thatposes an equally serious threat for the continuation of the vaccine cold chain.Prominent traditional alternatives to the electrically powered vaccinerefrigerators such as gas driven refrigerators, kerosene driven refrigeratorsand others have been plagued by the issues related to the interruptions of gassupply. These alternatives are also hampered due to lower efficiencies,frequent needs for maintenance, and lack of proper temperature control.Currently, there are no gas driven or kerosene driven refrigerators that complywith the minimum quality standards provided by the World Health Organization.They also barely qualify for the performance, quality, and safety systemprovided by the WHO.
In 1980s, solar refrigeration emergedas a promising development that offered a viable alternative the absorptiontechnology in order to meet the cold chain demands in the remote areas. Thesedevices typically had a robust laboratory performance data. However, theiroverall experience on the field has been somewhat mixed. Conventional solarrefrigerators heavily relied on comparatively expensive battery systems thathave shown to have shorter livers in comparison with the refrigeratorsthemselves. Currently, there are different alternatives available for these attimes unreliable battery based systems. Moreover, there is now a clearunderstanding that the solar power vaccine refrigerators need to be maintained,installed, and designed by experts and technicians with proper knowledge andtraining. Hence, the market is expected to witness a steady rate of growth inthe coming years of the forecast period ranging from 2019 to 2027. One of thekey factors that is expected to drive the growth of the globalsolar powered vaccine refrigerator market is the increasing demand forusing non-conventional and cleaner sources of energy.
Solar-poweredVaccine Refrigerator Market: Overview
· Solar refrigeration was a promising development in the early 1980s,providing an alternative for the absorption technology to meet cold chainrequirements in remote areas with limited or no electric power. At present, severalsolar refrigeration models prequalified by the World Health Organization (WHO)are in use.
· Solar-powered vaccine refrigerators, also called off-grid photovoltaic(PV) systems, are employed to maintain a constant temperature suitable forstoring vaccines in clinics
· In solar-powered vaccine refrigerators, photovoltaic modules convert thesolar energy directly into electricity, which is further employed to power thecompressor of the vaccine refrigerator. On the other hand, rechargeablebatteries are also employed to store electric energy. The charge controllerregulates the flow of electricity to protect batteries from over-dischargingand overcharging.
· Moreover, a new approach in solar-based refrigeration has emerged,wherein the newly designed solar refrigerator has eliminated the need forexpensive energy storage batteries employed to power solar refrigerators. Thistechnology called solar direct drive technology uses solar energy to directlyfreeze water or other cold storage material (for instance, refrigerant) andthen, uses the energy stored in the frozen bank to keep the refrigerator coldduring nights and rainy days when the subsequent solar energy is not available.
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Key Drivers ofGlobal Solar-powered Vaccine Refrigerator Market
· Use of solar-based refrigeration for vaccine storage is a majorbreakthrough in the global health care industry. It is useful for remote areas,where electricity is not available in sufficient amounts. The global healthcare industry has witnessed rapid growth in the recent years. Growing elderlypopulation worldwide, high prevalence of chronic diseases, and advancements ininnovative digital technologies are some of the major factors driving theglobal health care industry.
· Electricity rates are inherently volatile. They fluctuate seasonally,monthly, and annually. Over the last decade, electricity prices had risenenormously and they are poised to increase even more during the forecastperiod. This, in turn, is projected to augment the demand for use of the solartechnology for storage of vaccines in the near future.
· There exists high demand for exploration of sustainable and cleansources for energy, as the world tries to limit emissions and targets to reachnet zero carbon emissions
· Government support in the form of favorable initiatives has driven usageof the solar technology over the last few years. This is estimated to be amajor factor driving the global solar-powered vaccine refrigerator marketduring the forecast period. For instance, the Solar Energy Corporation of India(SECI) has passed a tender, wherein the government would be offering 30%subsidy to the social sector, the residential sector, private andnot-for-profit organizations in the field of education, and health careinstitutions. This tender is a part of an initiative by the Ministry of New andRenewable Energy (MNRE) for achieving the target of 40 Gigawatts of rooftopsolar power generation by the end of 2022.
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Restraints ofSolar-powered Vaccine Refrigerator Market
· A majority of countries receive enough sunlight to justify theconsideration of solar-powered vaccine refrigeration. However, severalcountries also have microclimates, with limited sunlight availabilitythroughout the year. For example, Colombia receives solar light sufficient forsolar-powered vaccine refrigeration, yet a few coastal areas have microclimates,with prolonged cloud cover for the entire day. Thus, in cloudy areas of thecountry, choice of using the solar technology is limited and implementation ofthe technology requires careful design such as increased array size.
· The other issue faced with solar-powered vaccine refrigeration systemsis long-term stability, as a majority of these systems require battery storagesystems. Also, battery-based solar systems incur high initial capitalinvestments. However, with proper maintenance, returns are high, as therecurrent costs are limited only to periodic replacement of batteries.
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Major Developments
· Dulas Ltd, a leading cold chain manufacturer based in the U.K., recentlyhosted a comprehensive training program for a large number of its internationalpartners in the field of vaccine cold chains at its headquarters in Machynlleth,Wales (the U.K.). It also announced expansion of its refrigerator productionfacility at Bognor Regis, West Sussex (the U.K.), whichwould enable Dulas meet the increasing demand for its world-leadingimmunization outreach technology.
· In July 2018, Sure Chill, a leading refrigeration company and technologyprovider based in the U.K., announced that distribution of 74 Godrej solarrefrigerators with the Sure Chill technology to more than 100 health carecenters in cyclone- affected areas in Fiji has begun. Using these refrigeratorswould ensure that life-saving vaccines or medicines stay effective even withoutelectricity.
Asia Pacific toHold a Major Share of Global Solar-powered vaccine refrigerator Market
· Based on region, the global solar-powered vaccine refrigerator marketcan be classified into North America, Asia Pacific, Europe, Latin America, andMiddle East & Africa
· Asia Pacific is likely to dominate the global solar-powered vaccinerefrigerator market from 2019 to 2027, due to growing concerns about airpollution and carbon emissions in the region. High investments, especially indeveloping countries such as China and India, and government subsidies arelikely to drive the market in the region between 2019 and 2027.
· Several auctions for winning of contracts have been made for developingpower generation capacity in India, which have helped work out the world’s minimumprices comparably for solar technology. As a result of this, India is likely tosurpass the European Union, in terms of renewable energy usage, during theforecast period. Thus, India is expected to hold a prominent share of theglobal solar-powered vaccine refrigerator market in the near future.
· On the other hand, size of the U.S. renewable energy industry isexpected to get doubled by the end of the forecast period. Renewable energyprojects in the U.S. are likely to get benefitted from multi-year federal taxincentives and several, state-level, favorable policies for solar energy in thenext few years.
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Key PlayersOperating in Global Market
Some of the key players operating inthe global solar-powered vaccine refrigerator market are:
· Dulas Ltd.
· RuthurEnergy Limited
· Sure Chill
· Godrej Appliances
· Renaissance Energy Systems
· Meditech Technologies India Private Limited
· Haier
· Vestfrost Solutions
· QINGDAO HERALD CRYOGENIC TECHNOLOGY CO., LTD
· ACMAS Technologies (P) Ltd
· KYOCERA Corporation
· Sundanzer
· Neumann & Miller
· Qingdao Amed Commercial Refrigeration Equipment Co., Ltd
