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Global Solar Powered ATM Market Size study & Forecast, By Component (Deployment, Hardware, Software, Managed Service), By Type (On-Site, Off-Site, and Others), By End-User (Banks and Bank Service Agent) and Regional Analysis, 2022-2029

October 2022 | 200 pages | ID: G4557F6ABA26EN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Solar Powered ATM Market is valued at approximately USD 1.39 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.70% over the forecast period 2022-2029. Solar Powered ATM or Solar-based automated teller machine (ATM) is a banking outlet, which offers different banking services such as Cash dispensing, account information, as well as cash deposits among others. These ATMs are powered by the application of Solar Power. Solar Powered ATMs are attached with roof-top solar panels to generate electricity and rechargeable batteries to run the ATMs. Solar Powered ATMs are largely used in rural areas where an uninterrupted supply of power is not available. The growing expansion of Banking, Finance & Insurance Sectors and increasing penetration of ATMs in rural areas as well as strategic initiatives from leading market players are key factors accelerating the market growth.

According to Statista – as of 2022, the worldwide revenue in Banking, Finance, and Insurances is estimated at USD 3720 billion, and this amount is projected to grow with an annual growth rate of 2.47% between 2022 & 2025 to reach USD 4002.52 billion by 2025. Also, rising growth of Fintech infrastructure in emerging economies and favorable initiatives to promote financial inclusion in rural areas would create lucrative growth prospectus for the market over the forecast period. However, high deployment costs associated with solar powered ATMs as well as lack of awareness in developing regions would impede market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Solar Powered ATM Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the leading region worldwide in terms of revenue owing to increasing deployment of solar powered ATMs as well as presence of leading market players in the region. Whereas, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising number of favorable initiatives from authorities to promote financial inclusion as well as increasing emergence of fintech platforms in the region.

Major market players included in this report are:
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
Recent Developments in the Market:
In October 2020, The Bank Of America under its Onsite Solar Initiative deployed America’s first Solar Powered ATM at Jefferson Davis Highway in Woodbridge. Furthermore, through this initiative, the bank planned to install more than 60 solar panel installations across its entire operations in the Country. This installation intended to represent environmental sustainability of the bank.
In March 2022, Singapore based DBS/POSB deployed Singapore’s first solar-powered ATM kiosk. Located at Blk 528 Ang Mo Kio Ave 10. Moreover, around 30% of the ATM kiosk’s annual energy consumption would come from solar energy from the panels installed on its roof. This installation would benefit the bank’s commitment to Net-Zero Banking Alliance.

Global Solar Powered ATM Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Type, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Solar Powered ATM Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Solar Powered ATM Market, by Component, 2019-2029 (USD Billion)
  1.2.3. Solar Powered ATM Market, by Type, 2019-2029 (USD Billion)
  1.2.4. Solar Powered ATM Market, by End-User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SOLAR POWERED ATM MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SOLAR POWERED ATM MARKET DYNAMICS

3.1. Solar Powered ATM Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Growing expansion of Banking, Finance & Insurance Sector
    3.1.1.2. Increasing penetration of ATMs in rural Areas
    3.1.1.3. Strategic initiatives from leading market players
  3.1.2. Market Challenges
    3.1.2.1. Lack of awareness of Solar Powered ATMs
    3.1.2.2. High deployment and Maintenance Costs
  3.1.3. Market Opportunities
    3.1.3.1. Rising growth of Fintech infrastructure in emerging economies
    3.1.3.2. Favourable initiatives to promote financial inclusion in rural areas

CHAPTER 4. GLOBAL SOLAR POWERED ATM MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL SOLAR POWERED ATM MARKET, BY COMPONENT

6.1. Market Snapshot
6.2. Global Solar Powered ATM Market by Component, Performance - Potential Analysis
6.3. Global Solar Powered ATM Market Estimates & Forecasts by Component, 2019-2029 (USD Billion)
6.4. Solar Powered ATM Market, Sub Segment Analysis
  6.4.1. Deployment
  6.4.2. Hardware
  6.4.3. Software
  6.4.4. Managed Service

CHAPTER 7. GLOBAL SOLAR POWERED ATM MARKET, BY TYPE

7.1. Market Snapshot
7.2. Global Solar Powered ATM Market by Type, Performance - Potential Analysis
7.3. Global Solar Powered ATM Market Estimates & Forecasts by Type, 2019-2029 (USD Billion)
7.4. Solar Powered ATM Market, Sub Segment Analysis
  7.4.1. On-site
  7.4.2. Off-site
  7.4.3. Others

CHAPTER 8. GLOBAL SOLAR POWERED ATM MARKET, BY END-USER

8.1. Market Snapshot
8.2. Global Solar Powered ATM Market by End-User, Performance - Potential Analysis
8.3. Global Solar Powered ATM Market Estimates & Forecasts by End-User, 2019-2029 (USD Billion)
8.4. Solar Powered ATM Market, Sub Segment Analysis
  8.4.1. Banks
  8.4.2. Bank Service Agent

CHAPTER 9. GLOBAL SOLAR POWERED ATM MARKET, REGIONAL ANALYSIS

9.1. Solar Powered ATM Market, Regional Market Snapshot
9.2. North America Solar Powered ATM Market
  9.2.1. U.S. Solar Powered ATM Market
    9.2.1.1. Component breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
    9.2.1.3. End-User breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Solar Powered ATM Market
9.3. Europe Solar Powered ATM Market Snapshot
  9.3.1. U.K. Solar Powered ATM Market
  9.3.2. Germany Solar Powered ATM Market
  9.3.3. France Solar Powered ATM Market
  9.3.4. Spain Solar Powered ATM Market
  9.3.5. Italy Solar Powered ATM Market
  9.3.6. Rest of Europe Solar Powered ATM Market
9.4. Asia-Pacific Solar Powered ATM Market Snapshot
  9.4.1. China Solar Powered ATM Market
  9.4.2. India Solar Powered ATM Market
  9.4.3. Japan Solar Powered ATM Market
  9.4.4. Australia Solar Powered ATM Market
  9.4.5. South Korea Solar Powered ATM Market
  9.4.6. Rest of Asia Pacific Solar Powered ATM Market
9.5. Latin America Solar Powered ATM Market Snapshot
  9.5.1. Brazil Solar Powered ATM Market
  9.5.2. Mexico Solar Powered ATM Market
9.6. Rest of The World Solar Powered ATM Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Alpha Tech Energy Solutions India Pvt Ltd.
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Diebold Nixdorf Incorporated
  10.2.3. Euronet Worldwide Inc.
  10.2.4. Fujitsu Ltd
  10.2.5. GRG Banking Equipment Co. Ltd.
  10.2.6. HESS Cash Systems GmbH
  10.2.7. Hitachi Payment Services Pvt. Ltd.
  10.2.8. Hyosung Global
  10.2.9. NCR Corporation
  10.2.10. Vortex Engineering

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Solar Powered ATM Market, report scope
TABLE 2. Global Solar Powered ATM Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Solar Powered ATM Market estimates & forecasts by Component 2019-2029 (USD Billion)
TABLE 4. Global Solar Powered ATM Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 5. Global Solar Powered ATM Market estimates & forecasts by End-User 2019-2029 (USD Billion)
TABLE 6. Global Solar Powered ATM Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Solar Powered ATM Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Solar Powered ATM Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Solar Powered ATM Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Solar Powered ATM Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Solar Powered ATM Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Solar Powered ATM Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Solar Powered ATM Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Solar Powered ATM Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Solar Powered ATM Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Solar Powered ATM Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Solar Powered ATM Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Solar Powered ATM Market
TABLE 71. List of primary sources, used in the study of global Solar Powered ATM Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Solar Powered ATM Market, research methodology
FIG 2. Global Solar Powered ATM Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Solar Powered ATM Market, key trends 2021
FIG 5. Global Solar Powered ATM Market, growth prospects 2022-2029
FIG 6. Global Solar Powered ATM Market, porters 5 force model
FIG 7. Global Solar Powered ATM Market, pest analysis
FIG 8. Global Solar Powered ATM Market, value chain analysis
FIG 9. Global Solar Powered ATM Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Solar Powered ATM Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Solar Powered ATM Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Solar Powered ATM Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Solar Powered ATM Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Solar Powered ATM Market, regional snapshot 2019 & 2029
FIG 15. North America Solar Powered ATM Market 2019 & 2029 (USD Billion)
FIG 16. Europe Solar Powered ATM Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Solar Powered ATM Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Solar Powered ATM Market 2019 & 2029 (USD Billion)
FIG 19. Global Solar Powered ATM Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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