Solar Powered ATM Market Projected to Hit $3.10 Billion By 2030 |
As per the report published by Allied Market Research, the global solar powered ATM market was accounted for $1.27 billion in 2020, and is estimated to reach $3.10 billion by 2030, growing at a CAGR of 9.7% from 2021 to 2030.
Rise in need of continuous electricity supply technology among the banks and financial institution, rise in adoption of solar power ATM among the banks across the U.S. and Canada, and surge in power cut issues in rural areas have boosted the global solar powered ATM market. However, lack of awareness toward solar powered ATM hinders the market growth. On the contrary, surge in initiatives by key market players such as product launch and development is expected to open new opportunities in the future.
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The report divides the global solar powered ATM market on the basis of component, type, end user, and region. Based on component, the deployment segment held the largest share in 2020, accounting for nearly three-fourths of the market. However, the managed services segment is projected to manifest the highest CAGR of 11.8% during the forecast period.
On the basis of end user, the banks segment held the lion’s share in 2020, contributing to more than four-fifths of the market. However, the bank agent segment is estimated to portray the highest CAGR of 14.1% from 2021 to 2030.
The report offers an analysis of the global solar powered ATM market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion’s share in 2020, accounting for more than two-fifths of the market. Moreover, the region is anticipated to showcase the highest CAGR of 11.9% during the forecast period.
Key Benefits For Stakeholders
The study provides an in-depth analysis of the global solar powered ATM market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global solar powered ATM market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the solar powered ATM market from 2021 to 2030 is provided to determine the market potential.
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Solar Powered ATM Market Report Highlights
By End User
Bank Service Agent
North America (U.S., Canada)
Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
By Key Market Players
Alpha Tech Energy Solutions India Pvt. Ltd
Diebold Nixdorf Incorporated
Euronet Worldwide Inc.
GRG Banking Equipment Co. Ltd.
HESS Cash Systems GmbH
Hitachi Payment Services Pvt. Ltd.
Solar Powered ATM Market:https://www.alliedmarketresearch.com/solar-powered-atm-market
Asia-Pacific ATM Market:https://www.alliedmarketresearch.com/asia-pacific-atm-market
ATM Managed Services Market: https://www.alliedmarketresearch.com/atm-managed-services-market
ATM Market: https://www.alliedmarketresearch.com/automated-teller-machine-ATM-market
ATM Security Market : https://www.alliedmarketresearch.com/atm-security-market-A06945
ATM Software Market :
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