Solar Powered Automated Teller Machine (ATM) Market Report 2026

The solar powered automated teller machine (atm) market size has grown strongly in recent years. It will grow from $1.67 billion in 2025 to $1.82 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to limited grid connectivity in rural regions, early adoption of solar energy in banking infrastructure, rising demand for financial inclusion, high operational costs of diesel-powered atms, government support for renewable energy.

The solar powered automated teller machine (atm) market size is expected to see strong growth in the next few years. It will grow to $2.54 billion in 2030 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to expansion of digital banking services, increasing investments in sustainable banking solutions, advancements in solar panel efficiency, growing need for off-grid financial access, integration of iot-enabled atm monitoring. Major trends in the forecast period include increasing deployment of solar-powered atms in remote and rural areas, growing integration of energy-efficient hardware in atm systems, rising adoption of smart monitoring and remote management solutions, expansion of solar hybrid atm models for uninterrupted operations, increasing focus on low-carbon banking infrastructure.

The growth of fintech infrastructure is anticipated to drive the expansion of the solar-powered automated teller machine (ATM) market. Fintech infrastructure encompasses the technological and organizational elements that support financial technology services. As fintech infrastructure advances due to rising demand for digital financial services and technological innovations, the role of solar-powered ATMs becomes increasingly significant in promoting financial inclusion. For example, in October 2023, reports indicated that India’s fintech sector saw a 68% rise in funding during Q3 2023 compared with Q2 2023, reflecting renewed investment and growth in fintech infrastructure. This growth in fintech infrastructure is thus contributing to the rise of the solar-powered ATM market.

Major companies in the solar-powered automated teller machine market are prioritizing the integration of solar energy systems to enhance sustainability and operational efficiency. Solar energy systems generate electricity from sunlight using photovoltaic panels and store surplus energy in batteries to ensure continuous operation, reducing dependence on traditional power sources and lowering carbon emissions. For example, in August 2024, Access Bank (Ghana) Plc, a Ghana-based bank, introduced solar-powered ATMs at three off-site locations, including Castle Road, Ashaiman, and Burma Camp. These ATMs operate 80% on solar energy using 5 kWh solar panels and 14.3 kWh lithium batteries, collectively saving 432 kWh of electricity. The ATMs provide uninterrupted customer service, improve energy reliability, and reduce the bank’s carbon footprint. This initiative underscores Access Bank’s commitment to sustainability, operational resilience, and environmental responsibility while setting a benchmark for eco-friendly innovations in the banking sector.

In June 2024, Vakrangee Limited, a technology company based in India that offers services in banking, insurance, e-governance, e-commerce, and logistics, acquired a 48.5% equity stake in Vortex Engineering Private Limited. This acquisition allows Vakrangee Limited to enhance its operational control and expand its presence in the fintech sector, with a particular focus on utilizing Vortex Engineering's innovative ATM technology to drive financial inclusion in rural India. Vortex Engineering Private Limited is an India-based technology company specializing in the development of solar-powered ATMs, providing efficient and eco-friendly banking solutions for remote regions.

Major companies operating in the solar powered automated teller machine (atm) market are NRG Energy, Fujitsu Ltd., NCR Corporation, Diebold Nixdorf Incorporated, Euronet Worldwide Inc, IndusInd Bank, Hyosung TNS Inc., Hitachi Payment Services Pvt Ltd, EcoATM Solution, HESS Cash Systems GmbH, Vortex Engineering, Solar Solution, Solaris Technologies, Sun Solar Techno Limited, Autonic Energy Systems Pvt. Ltd, Avo Solar, POSB Bank, Alpha Tech Energy Solutions India Pvt Ltd, GRG Banking Ltd, Zenom Solar Power.

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.

Tariffs have impacted the solar-powered atm market by increasing costs of imported solar panels, batteries, electronic components, and atm hardware. These cost pressures are most evident in developing regions across asia-pacific and africa, where solar-powered atms are widely deployed for financial inclusion. Hardware and deployment components are the most affected segments due to reliance on cross-border supply chains. However, tariffs are also encouraging local manufacturing, regional sourcing, and partnerships, strengthening long-term supply chain resilience.

The solar powered automated teller machine (ATM) market research report is one of a series of new reports that provides solar powered automated teller machine (ATM) market statistics, including solar powered automated teller machine (ATM) industry global market size, regional shares, competitors with a solar powered automated teller machine (ATM) market share, detailed solar powered automated teller machine (ATM) market segments, market trends and opportunities, and any further data you may need to thrive in the solar powered automated teller machine (ATM) industry. This solar powered automated teller machine (ATM) 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.

A solar-powered automated teller machine (ATM) uses photovoltaic panels to harness solar energy for electricity, allowing it to function without relying on traditional power sources. This makes it particularly useful for providing banking services in remote or off-grid areas, enhancing sustainable financial inclusion.

The several types of solar-powered ATMs are on-site, off-site, and others. An on-site solar-powered ATM operates using energy from solar panels installed directly at its location. This environmentally friendly approach enables the ATM to function in remote or off-grid areas, minimizing dependence on conventional electricity. The key components of these ATMs include deployment, hardware, software, and managed services, which support a range of financial and non-financial transactions. They are distributed through both online and offline channels and are used by banks and service agents.Asia-Pacific was the largest region in the solar powered automated teller machine (ATM) market in 2025. The regions covered in the solar powered automated teller machine (atm) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the solar powered automated teller machine (atm) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The solar powered automated teller machine (ATM) market consists of revenues earned by entities by providing services such as maintenance services, security services, installation services, and technical support services. The market value includes the value of related goods sold by the service provider or included within the service offering. The solar powered automated teller machine (ATM) market also includes sales of solar panels, batteries, inverters, and automated teller machine (ATM) machines integrated with solar technology. 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.

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