Quick Overview of the Global Agrivoltaics Market Analysis
The objective of the Global Agrivoltaics Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.
According to the latest report analysis by MarkNtel Advisors, the Global Agrivoltaics Market size was valued at USD 3.64 billion in 2022 and further expected to grow at a CAGR of 38% during the forecast period 2024-2030. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments made globally. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.
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Latest Opportunity Contributing in the Expansion or Reduction in the Agrivoltaics Industry
Global Agrivoltaics Market Growth Opportunity:
Mounting Carbon Emissions from Power Generation Industry to Generate Significant Growth Opportunities – With the mounting demand for power in different applications, the risk of high-level carbon emissions from the power generation industry is increasing dramatically. Many nations worldwide, especially in the Asia Pacific, have introduced plans to curb carbon emissions and promote using clean electricity. Such rising initiatives and support from the government toward limiting the carbon emissions from the power generation sector are projected to boost the Agrivoltaics market in the coming years.
Global Agrivoltaics Industry Recent Developments
- A 2021 amendment to the German Renewable Energy Act has scheduled a 50 MW tender with the more cost-competitive rooftop & floating photovoltaic on parking lots till April 2022.
- Vattenfall, leading a Dutch consortium in a research project, is investigating whether Agrivoltaics is compatible with strip cropping.
- Axial Structural, a Spanish company, is launching a new type of tracker for Agrivoltaics installations. The product can be modified & used in different ground conditions & gradients, with programmable to modulate shade & light for different crops in different climates.
- Siberia is expected to launch one of the largest Agrivoltaics projects “Agrosolar Kula”, worth €340M, which, in the same area, will allow simultaneous production of crops & energy from solar energy simultaneously.
A Detailed Outlook of Agrivoltaics Market Segmentation
The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, regional, and global level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category. Different segments like Segment A, Segment B, Segment C were used to classify the market for this study.
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-By Placement
- Standalone
- Shading Nets
- Greenhouse
- Others (Solar Fence, Solar Windows, etc.)
-By Material Type
- Panels
- Paints
-By Cell Type
- Monocrystalline
- Polycrystalline
-By Crop Collaboration
- Vegetables
- Fruits
- Crops
- Others (Herbs, etc.)
-By Type of Agrivoltaics Plant
- Overhead Tilted
- Interspace
- Hybrid
-By Type of Solar Panel
- Opaque
- Semi Transparent
- Transparent
-By Power Output
- Upto 10 KWh
- 1 to 50 KWh
- More than 50 KWh
Geographical analysis:
-By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Of them all, Asia-Pacific dominates the Global Agrivoltaics Market due to the rising adoption of solar modules in China, Japan, & India. In the region, China is the largest producer of photovoltaic modules. It installed 4GW of Agrivoltaics capacity in just three years, i.e., during 2015-18. The Agrivoltaics Market is rapidly expanding across the country owing to favorable policies and mounting need to broaden the domestic energy demand to solve the problems associated with the overcapacity of China’s Photovoltaic industry. Hence, the implementation of Agrivoltaics in China is expected to resolve these overcapacity issues and promote the using modern agriculture methods within the country.
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Lead the Agrivoltaics Market with a Deep Evaluation of the Competition
This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.
Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.
The details on the following key players is presented in this section as:
- Enel Green Power
- JS Power
- Sun’ Agri
- Solar Window
- Akuo Energy
- BayWa r.e.
- Insolight
- REM Tec
- Zimmermen
- Next2Sun
- Others
Some Key Questions Covered in Our Detailed Report
- What are the trends or opportunities of the Agrivoltaics Market? Will the market increase or decrease in the forecast period?
- Who are the top players in the Agrivoltaics industry? And which player dominates the market?
- What is the expected demand for different product categories?
- In the upcoming period, which region will dominate the market with prominent share?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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