Agrivoltaics Market size reached USD 3.66 Bn in 2022 and is expected to reach USD 7.96 Bn by 2029, growing at a CAGR of 10.2 % during the forecast period.

Agrivoltaics Market Overview

Maximize Market Research's new report on the Global Agrivoltaics Market 2023-2029 is a valuable resource for understanding the market's competitors and gaining key business insights. The report provides a comprehensive overview of the market, including its value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). This information can be used to make more informed decisions about the current and future state of the global Agrivoltaics market.

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Agrivoltaics Market Scope 

The report focuses on the key factors that are driving and restraining the growth of the Agrivoltaics market, as well as the competitive landscape and future prospects. It provides insights into the current and future market trends, demand chain, supply chain, and sales, as well as recent changes in the market.

The report also includes company profiles of the key players in the Agrivoltaics market, including their overview, financial performance, product portfolio, and strategies. It also uses SWOT and PESTLE analysis to provide a comprehensive view of the market.

Agrivoltaics Market Segmentation

Fixed agrivoltaic systems held the top spot in 2022 according to the System Design, and it is anticipated that they would hold that position throughout the forecast period. Fixed agrivoltaic systems have become very popular recently and are being acknowledged as a viable technology for agriculture and sustainable energy. There are more installations of fixed agrivoltaic systems worldwide, which is driving the market for these systems to develop. Incentives and funding are being offered for the installation of fixed agrivoltaic systems by organizations, governments, and investors. For instance, the Common Agricultural Policy of the European Union offers financial support for agrivoltaic systems, whereas the USDA of the United States provides funding for renewable energy projects in rural regions.

Monocrystalline solar panels are a common and efficient choice for use in agrivoltaics systems because they offer high efficiency, durability, and reliability, as well as the added benefit of providing shade to crops. Based on the Cell Type, this segment dominated the global market in 2022 and is predicted to continue this trend. The panels' great resistance to corrosion and other environmental elements may also aid to increase their lifespan and save ongoing maintenance expenses.

Crops accounted for the largest market share in 2022 and are anticipated to increase over the course of the forecast period. Crops can benefit from a number of agrivoltaics systems, such as shading, less water evaporation, and protection from severe weather. As a result, both agricultural firms and researchers are paying close attention to the crops part of the Agrivoltaics market.

The shading that solar panels provide for crops is one of the key advantages of agrivoltaic systems. By lowering the amount of direct sunlight that crops experience, this can increase agricultural yields while lowering water usage.

Agrivoltaics Market Size and Forecast, by System Design (2022-2029)
1. Fixed Solar Panles
2. Dynamic
Agrivoltaics Market Size and Forecast, by Cell Type (2022-2029)
1. Monocrystalline
2. Polycrystalline
Agrivoltaics Market Size and Forecast, by Crop (2022-2029)
3. Vegetables
3. Fruits
3. Crops
4. Others
Agrivoltaics Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America

 

 

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Agrivoltaics Market Key Players

1. DualSun
2. SOLARWATT
3. SunPower Corporation
4. Trina Solar
5. Suntech
6. Huawei Technologies Co., Ltd
7. Enel Green Power
8. Voltalia
9. Ecovoltaics
10. Sunseap Group
11. Soltec
12. Agrivoltaic Solutions LLC
13. JA Solar
14. Sun' Agri
15. Solar Window
16. Akuo Energy
17. BayWa r.e.
18. Insolight
19. REM Tec
20. Zimmermen
21. Next2Sun
22.Others

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Agrivoltaics Market Regional Analysis

The global Agrivoltaics Market's growth trend is examined in depth throughout the report. It divides the major 5 regions, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which have global dominance in the Agrivoltaics market.

Key Questions answered in the Agrivoltaics Market Report are:

  • What are the Agrivoltaics market segments?
  • What are the global trends in the Agrivoltaics Market?
  • What are the major challenges that the Agrivoltaics Market could face in the future? 
  • How is the intervention from regulatory authority shaping the Agrivoltaics Market?
  • Who are the Agrivoltaics key players in the industry?
  • What growth strategies are the players considering to increase their presence in Agrivoltaics Market?
  • Which region held the largest Agrivoltaics market share in 2022? 
  • Which regional Agrivoltaics market is expected to grow rapidly during the forecast period?

Key offerings:

  • A detailed Market Overview
  • Market Share, Size & Forecast by Revenue | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis of segments and sub-segments
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors
  • Recommendations
  • Key Findings

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