Global Quick Overview of the Agrivoltaics Market Analysis
The Agrivoltaics Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of Agrivoltaics Industry (2024-30): Reveals Further Growth &Market Expansion
According to the most recent study, 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 report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024-30.
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Global Agrivoltaics Market Possible Challenge:
Lack of Skilled Workforce Required for Installing Solar Panels – The installation of solar panels requires highly skilled workers who need to undergo specialized training & certification for being eligible to perform the job. Moreover, installing solar panels on agricultural land needs appropriate knowledge since they should be placed at a little higher level above the ground due to the crops. Hence, a shortage of skilled labor for installing solar panels precisely on the agricultural land without damaging the crop might hinder the global Agrivoltaics market growth over the coming years.
Agrivoltaics Market Segmentation Analysis
-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
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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.
Key Players and Competitive Strategies in the Agrivoltaics Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
- Enel Green Power
- JS Power
- Sun’ Agri
- Solar Window
- Akuo Energy
- BayWa r.e.
- Insolight
- REM Tec
- Zimmermen
- Next2Sun
- Others
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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.
Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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