The global agrivoltaic market expected to grow at a robust CAGR during the forecast period (2021-2027).
A comprehensive overview of the global agrivoltaic market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the agrivoltaic market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global agrivoltaic market at regional and country levels. The global agrivoltaic market expected to grow at a robust CAGR during the forecast period (2021-2027).
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Market Overview
Agrivoltaics is co-developing the same area of land for solar energy as well as for agriculture. This new farming method combines Solar electricity generation with traditional farming on a common agricultural land i.e. An renewable energy based system like solar photovoltaic system and a cropland can be together developed on the same agricultural land. Factors that are positively influencing the demand for agrivoltaic such as the rising need for efficient farming tools to fight the effects of climate change, agrivoltaic dynamic system aims to provide mutual and balanced benefits between agriculture and energy production.
Agrivoltaic market is expected to escalate in the coming years. As commercial scale solar panel system requires large amount of land, and since countries have limited land thus installing solar system will affect the interest of agricultural industry. Thus, using agrivoltaic technology, both energy generation and farming take place. Moreover, factors such as rising need to improve the food production and reduce water usage are expected to enhance the adoption of agrivoltaic.
Global agrivoltaic market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By System Design, the market is primarily bifurcated into:
· Fixed Solar Panels Over Crops
· Dynamic Agrivoltaic
Based on system design, the agrivoltaic market is segmented into fixed solar panel over crops and dynamic agrivoltaic. The fixed solar panel over crops caters segment catered significant demand in agrivoltaic market. It is the most conventional systems install fixed solar panels on agricultural greenhouses, above open fields crops or between open fields crops. It also helps in optimizing the installation by modifying the density of solar panels or the inclination of the panels.
By Crop Type, the market is primarily bifurcated into:
· Leafy Greens
o Lettuce
o Spinach
· Root Crops
o Potatoes
o Radishes
o Beets
o Carrots
· Fruits
Based on crop types, the agrivoltaic market is classified into leafy greens, root crops, fruits. The leafy green segment holds the considerable market share. As agrivoltaics is suitable for those crops which require limited sunlight and crops such as lettuces, tomatoes, peppers, chard, kale, broccoli, and Brussels sprouts grow successfully under agrivoltaic technology.
Global Agrivoltaic Market Geographical Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, UK, Spain, Italy, France, Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
· Rest of World
Based on the estimation, Europe expected to hold significant market share in agrivoltaic predominantly due to rising demand of agrivoltaic technology in European regions to boost food production and efficiency of the crop.
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The major players targeting the market includes:
· Agrivoltaic solution LLC
· Sun Agri
· REM TEC
· Enel Green Power
· Boralex
· Fraunhofer ISE
· Solar Power Europe
· Mackin Energy
· Sunrise Power
· Suntech
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global agrivoltaic market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global agrivoltaic market?
· Which factors are influencing global agrivoltaic market over the forecast period?
· What are the global challenges, threats, and risks in the global agrivoltaic market?
· Which factors are propelling and restraining the global agrivoltaic market?
· What are the demanding global regions of the global agrivoltaic market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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Global Agrivoltaic Market Segmentation
Market Insight, by System Design
• Fixed Solar Panels Over Crops
• Dynamic Agrivoltaic
Market Insight, by Crop Type
· Leafy Greens
· Lettuce
· Spinach
· Others
· Root Crops
· Potatoes
· Radishes
· Beets
· Carrots
· Others
· Fruits & Other Crops
Market Insight, by Country
· China
· Japan
· India
· South Korea
· France
· Italy
· Germany
· US
· Rest of the World
Top Company Profiles
· Agrivoltaic Solution LLC
· Sun Agri
· REM TEC
· Enel Green Power
· Boralex
· BayWa AG
· TotalEnergies SE
· Mackin Energy
· Sunrise Power Solutions
· Suntech Power Holdings
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