Report Overview:

The following report titled “Global Agrivoltaics Market: By Placement (Standalone, Shading Nets, Greenhouse, Others), By Material Type (Panels, Paints) and other forecast 2024-2030” 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.

Global Agrivoltaics Market Summary

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.These challenges are shifting focus toward adopting Agrivoltaics, which enables the effective use of sunlight for crop growth. It is also beneficial for farmers to earn extra money by selling the power generated using solar panels. Hence, Agrivoltaics offers dual benefits, viz., agricultural output and earnings from power generation, and it has positively influenced the overall growth of the global market.

Report Coverage & Details

  • Forecast Period:  2024-2030
  • Base Year: 2023
  • Market Size in 2022 : USD 3.64 Billion
  • CAGR: 38%

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Agrivoltaics Market 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.

Segmentation Analysis: Agrivoltaics Market

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

By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

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Region: Asia-Pacific Holds a Major Market Share

Of them all, Asia-Pacific dominates the Global Agrivoltaics Market due to the rising adoption of solar modules in China, Japan, & India.

Leading Players Analysis: Agrivoltaics Market

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

  • Enel Green Power
  • JS Power
  • Sun' Agri
  • Solar Window
  • Akuo Energy
  • BayWa r.e.
  • Insolight
  • REM Tec
  • Zimmermen
  • Next2Sun
  • Others

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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  5. Identifying Investment Opportunities: Through trend analysis and industry insights, stakeholders can identify attractive investment opportunities and stay ahead in the market for better ROI.

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