Global Agrivoltaics Market Reach USD 3.64 Billion in 2022, and Growing at a CAGR of 38% Till 2030

Latest Market Study report by MarkNtel Advisors: Leading market research company, Title "Global Agrivoltaics Market- By Placement (Standalone, Shading Nets, Greenhouse, Others), By Material Type (Panels, Paints), By Cell Type (Monocrystalline, Polycrystalline)" and other forecast 2024-30".

This detailed report provides a thorough look at the industry, covering key aspects like the Agrivoltaics Market Size, its growth in share, development, and the top companies involved. It examines what's driving the market, using historical, current, and projected data, as well as emerging trends, technology updates, important insights, recent developments, potential limitations, and other factors that will influence the industry's direction in the future.

How Big is the Agrivoltaics Industry?

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.

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Factors Influencing the Growth of the Agrivoltaics Industry:

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.

Competitor Insight - Global Agrivoltaics Market

In the market competitor analysis section, we examine how different companies are performing compared to each other. We look at their strengths and weaknesses to understand who is doing well and why. This helps us see what strategies are working and what changes might be needed to stay competitive. key players are included in this report: - Enel Green Power, JS Power, Sun' Agri, Solar Window, BayWa r.e., Insolight, REM Tec, Zimmermen, Next2Sun.

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Segmentation Summary - Agrivoltaics Market

The breakdown of the Agrivoltaics market into different segments provides a quick overview. It helps businesses understand what customers prefer and where they are located. By dividing the market into smaller groups based on purchasing habits and geography, companies can improve their business strategies. This summary offers a straightforward guide to better understanding the 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

> 10.1 to 50 KWh

> More than 50 KWh

Geographically Insight: Global Agrivoltaics Market

Geographically, the Agrivoltaics Industry expands across:

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

Of 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.

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