Europe Agrivoltaic Market Research’s Latest: 2023 Valuation Hits 131.53 Million, Projects 69.34% CAGR Escalation by 2028

Report Overview:

The following report titled “Europe Agrivoltaic MarketBy Placement (Standalone, Shading Nets, Greenhouse, Others) , By Cell Type (Monocrystalline, Polycrystalline)a nd other forecast 2023-2028” provides a comprehensive analysis of the market, focusing on key details such as market size, growth trends, determinants of growth, segments covered, and the role of leading players in the industry.

Europe Agrivoltaic Market Summary

The Europe Agrivoltaic Market size was valued at USD 131.53 Million in 2022 and is estimated to grow at a CAGR of around 69.34% during the forecast period, i.e., 2023-28. The demand for renewable energy has seen a rapid surge in Europe in recent years due to changing climatic conditions, high temperatures, etc. As a result, European countries like Germany, France, Belgium, Italy, and others have been investing heavily in agrivoltaic systems to sustain the demand for both agricultural land and clean energy.

Report Coverage & Details

  • Forecast Period: 2023–2028
  • Base Year: 2022
  • Market Size in 2022: USD 131.53 Million
  • CAGR: 69.34%

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Europe Agrivoltaic Market Trend:

Innovation of New Technologies such as Transparent Solar Panel and Solar Photovoltaic for Agrivoltaics- Solar cells are made of layers of semiconductor materials similar to those that are used in computer chips. When sunlight is absorbed by these materials, the solar energy knocks electrons loose from their atoms, allowing the electrons to flow through the material to produce electricity. Technologies like solar photovoltaics could meet sustainability and address resilience concerns regarding the Europe energy system. The cost of solar panels has decreased continuously, and has resulted in the reduced installation costs of Agrivoltaics, which has significantly elevated the demand for Agrivoltaics.

Segmentation Analysis: Europe Agrivoltaic Market

By Placement

  • Standalone- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • Shading Nets- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • Greenhouse- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • Others (Solar Fence, Solar Window, etc.) – Market Size & Forecast 2018-2028F, Installed Capacity (MW)

By Cell Type

  • Monocrystalline- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • Polycrystalline- Market Size & Forecast 2018-2028F, Installed Capacity (MW)

By Crop Collaboration

  • Vegetables- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • Fruit- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • Crop- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • Others (Herbs, etc.) – Market Size & Forecast 2018-2028F, Installed Capacity (MW)

By Type of Solar Panel

  • Opaque- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • Semi-Transparent- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • Transparent

By Power Output

  • Upto 10 KWh- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • 1 to 50 KWh- Market Size & Forecast 2018-2028F, Installed Capacity (MW)
  • More Than 50 KWh- Market Size & Forecast 2018-2028F, Installed Capacity (MW)

By Country

  • The UK
  • France
  • Germany
  • The Netherlands
  • Italy
  • Spain
  • Ireland
  • Rest of the Europe

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Region: The UK Holds a Major Market Share

Among them, The UK is anticipated to hold a significant share of the market in the upcoming years, owing to the implementation of supportive low-carbon emission regulations by the government in the country.

Leading Players Analysis: Europe Agrivoltaic Market

The report provides detailed analysis of key players in the Europe Agrivoltaic market, highlighting their strategies and competitive scenario.

  • Enel Green Power
  • Engie, Sun’ Agri
  • GreenYellow
  • REM Tec
  • Kilowattsol
  • Trina Solar
  • Altergie
  • TDK Electronics
  • SunEwat
  • Akuo Energy
  • BayWa r.e.
  • Next2Sun
  • Falck Renewables
  • Others.

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