Market Insights and Analysis: Global Agrivoltaics Market Overview and Projections (2024-2030)
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. The rapid climate changes like increasing temperature levels & reduced precipitation, coupled with rising water scarcity concerns, are creating significant challenges for both the energy & agriculture sectors worldwide.
Top leading companies in the Global Agrivoltaics Market includes:
Enel Green Power, JS Power, Sun’ Agri, Solar Window, BayWa r.e., Insolight, REM Tec, Zimmermen, Next2Sun.
Global Agrivoltaics Market Driver:
Rising Water Scarcity Concerns and Rapid Climate Change to Drive the Market – With the rapidly growing population worldwide, global food production is expected to increase astronomically in the future. Moreover, with swift climate changes, if people continue to use water in the same way for agriculture purposes, there will not be enough water to meet the increasing food requirements in the future. Therefore, rising water scarcity is one of the crucial challenges that could hinder the growing demand for food production. As a result, there is an extreme need for an effective solution like Agrivoltaics that could help meet the desired food demand by overcoming the challenge of water scarcity.
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Report Segmentation:
The market is categorized into the following segments in the report:
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
-10.1 to 50 KWh
-More than 50 KWh.
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Global Agrivoltaics Market Geographic Reach:
The Geographic Reach of the Global Agrivoltaics Market evaluates the spread and significance of Global Agrivoltaics market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada
- Europe: Germany, France, Italy, The Netherlands, Belgium, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
- South America: Brazil, Rest of South America
- Middle East & Africa.
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