Outlook on the Solar Powered ATM Global Market to 2030 - Rise in Power Cut Issues in Rural Areas is Driving Growth - ResearchAndMarkets.com
Growing demand and increase in need of continuous electricity supply technology among banks and financial institutions and rise in power cut issues in rural areas are boosting the growth of the global solar powered ATM market.
The "Solar Powered ATM Market By Component, Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
Solar-based automated teller machine (ATM) is a banking outlet, which facilitates banking services without the requirement of branch representative and runs through solar power. It helps the customers by providing banking services, including fast withdrawal, deposit, and mini statements. Furthermore, it also helps customers to avail banking services in areas where availability of electricity is minimal.
Growing demand and increase in need of continuous electricity supply technology among banks and financial institutions and rise in power cut issues in rural areas are boosting the growth of the global solar powered ATM market. In addition, rapid adoption of solar power ATM among banks across the U.S. and Canada has positively impacted the growth of the market. However, lack of awareness toward solar powered ATM hampers the market growth. On the contrary, increase in key player initiatives, such as product launch, product development, and partnership, is expected to offer remunerative opportunities for expansion of the market during the forecast period.
The global solar powered ATM market is segmented on the basis of component, type, end user, and region. By component, the market is bifurcated into deployment and managed service. By type, it is categorized into on-site, off-site, and others. By end-user, the market is divided into banks and bank service agent Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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 market from 2021 to 2030 is provided to determine the market potential.
Market Dynamics
Drivers
- Increase in need of continuous electricity supply technology among the banks and financial institution
- Rise in power cut issues in rural areas
- Rapidly adoption of solar power ATM among the banks across U.S. and Canada
Restraint
- Lack awareness towards Solar Powered ATM
Opportunity
- Increase in key player initiatives such as product launch, product development and partnership
Key Segments
By Component
- Deployment
- Hardware
- Software
- Managed Service
By Type
- On-site
- Off-site
- Others
By End User
- Banks
- Bank Service Agent
By Region
- 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
Key Market Players
- Alpha Tech Energy Solutions India Pvt. Ltd
- Diebold Nixdorf, Incorporated
- Euronet Worldwide, Inc.
- Fujitsu Ltd
- GRG Banking Equipment Co. Ltd.
- HESS Cash Systems GmbH
- Hitachi Payment Services Pvt. Ltd.
- Hyosung Global
- NCR Corporation
- Vortex Engineering
For more information about this report visit https://www.researchandmarkets.com/r/bjc71
View source version on businesswire.com: https://www.businesswire.com/news/home/20220117005231/en/