The global agrivoltaics market was valued at $3.6 billion in 2021 and is projected to reach $9.3 billion by 2031, growing at a CAGR of 10.1% from 2022 to 2031.
Agrivoltaics is the use of land for both agriculture and solar photovoltaic energy generation. This system looks at agriculture and solar energy production as compliments to the other instead of as competitors. By allowing working lands to stay working, the agrivoltaics system assists farms to diversify their income. Other benefits include energy resilience and a reduced carbon footprint. The crops under the solar panel release water vapors that cool the panels from downwards. Similarly, panels prevent crops from scorching heat and reduce temperature which helps crops maintain their water level and keep the soil moist. This is especially beneficial for crops and vegetables that require cool weather for growth. The solar panels generate power which also generates a second income for the landowner. It is a win-win situation for both sectors.
The market growth is augmented by a rise in awareness for the application and adoption of agrivoltaics. It is also supported by a surge in innovative farming techniques, reduced availability of land and water resources forcing to look for optimal solutions, and an increase in investments and subsidies from the government. However, the high initial installation costs and belief in traditional farming techniques act as restraining factors for market growth. The agrivoltaics market size is segmented into system design, cell type, crop, and region. By system design, the agrivoltaics market is bifurcated into fixed solar panels and dynamic. Fixed solar panels are mounted panels on a roof, ground mount, or tracker system, and generate electricity by capturing the sun’s rays. Inverters convert this power into usable energy. They are the easiest type of solar system to build and require very little material for any shape or size. By cell type, the market is divided into microcrystalline and polycrystalline. Polycrystalline solar panels are made from high-purity silicon. They are made of multiple fragments of silicon crystal that are fused. These types of solar panels have lower efficiency. Polycrystalline panels have a shorter life span. However, manufacturing polycrystalline panels create low waste in comparison to monocrystalline.
By crop, the market is categorized into vegetables, fruits, crops, and others. Vegetables are plants or parts of plants that are consumed as food by humans and animals. These are leafy greens, roots, stems, cruciferous, and others. These vegetables are grown according to the weather requirements. Different vegetables require different temperatures and soil conditions for growth. Temperatures, both high and low, affect growth, flowering, pollination, and the development of fruits. If the temperature is too high or too low, leafy crops may be forced to flower prematurely without producing the desired edible foliage. Region-wise, the agrivoltaics market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). German companies are also involved in agrivoltaics.
For instance, in March 2021, tracking systems supplier Ideematec, Inc. received a supply order for customized tracking systems for 100 MW of agrivoltaics projects in France. In June 2022 it was reported that Italy’s Ministry of Ecological Transition published the “guidelines for the design, construction, and operation of agrivoltaics plants.” The purpose of the guidelines is to clarify the minimum characteristics and requirements a photovoltaic system must have to be considered agrivoltaics. The guidelines open up incentives (yet to be determined) for agrivoltaics. The French government is encouraging the development of large-scale agrivoltaics through competitive contracts.
The key players operating in the agrivoltaics industry are Next2Sun, Sun’Agri, Ombrea, Namaste Solar, Mirai Solar, SunSeed APV, Enel Green Power S.p.A., JA SOLAR Technology Co., Ltd., BayWa AG, and Insolight SA. Ombrea is engaged in the production and management of agrivoltaics solutions. It designs shade house systems for application in agriculture. It offers its solution of solar modules for the residential as well as the agriculture sector. It aids its customer through a smart shade system based on weather patterns. SunSeed APV Private Limited is engaged in consulting, project planning, and management services from design to execution of agrivoltaics. It offers detailed light/radiation studies, elevated mounting structures, irrigation, water management, and agri-Strategies, for the solar and agriculture sector.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. Porter’s five forces analysis of the agrivoltaics market considers both micro-and macro-business environment factors influencing the market. The report features Strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.
Agrivoltaics is the use of land for both agriculture and solar photovoltaic energy generation. This system looks at agriculture and solar energy production as compliments to the other instead of as competitors. By allowing working lands to stay working, the agrivoltaics system assists farms to diversify their income. Other benefits include energy resilience and a reduced carbon footprint. The crops under the solar panel release water vapors that cool the panels from downwards. Similarly, panels prevent crops from scorching heat and reduce temperature which helps crops maintain their water level and keep the soil moist. This is especially beneficial for crops and vegetables that require cool weather for growth. The solar panels generate power which also generates a second income for the landowner. It is a win-win situation for both sectors.
The market growth is augmented by a rise in awareness for the application and adoption of agrivoltaics. It is also supported by a surge in innovative farming techniques, reduced availability of land and water resources forcing to look for optimal solutions, and an increase in investments and subsidies from the government. However, the high initial installation costs and belief in traditional farming techniques act as restraining factors for market growth. The agrivoltaics market size is segmented into system design, cell type, crop, and region. By system design, the agrivoltaics market is bifurcated into fixed solar panels and dynamic. Fixed solar panels are mounted panels on a roof, ground mount, or tracker system, and generate electricity by capturing the sun’s rays. Inverters convert this power into usable energy. They are the easiest type of solar system to build and require very little material for any shape or size. By cell type, the market is divided into microcrystalline and polycrystalline. Polycrystalline solar panels are made from high-purity silicon. They are made of multiple fragments of silicon crystal that are fused. These types of solar panels have lower efficiency. Polycrystalline panels have a shorter life span. However, manufacturing polycrystalline panels create low waste in comparison to monocrystalline.
By crop, the market is categorized into vegetables, fruits, crops, and others. Vegetables are plants or parts of plants that are consumed as food by humans and animals. These are leafy greens, roots, stems, cruciferous, and others. These vegetables are grown according to the weather requirements. Different vegetables require different temperatures and soil conditions for growth. Temperatures, both high and low, affect growth, flowering, pollination, and the development of fruits. If the temperature is too high or too low, leafy crops may be forced to flower prematurely without producing the desired edible foliage. Region-wise, the agrivoltaics market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). German companies are also involved in agrivoltaics.
For instance, in March 2021, tracking systems supplier Ideematec, Inc. received a supply order for customized tracking systems for 100 MW of agrivoltaics projects in France. In June 2022 it was reported that Italy’s Ministry of Ecological Transition published the “guidelines for the design, construction, and operation of agrivoltaics plants.” The purpose of the guidelines is to clarify the minimum characteristics and requirements a photovoltaic system must have to be considered agrivoltaics. The guidelines open up incentives (yet to be determined) for agrivoltaics. The French government is encouraging the development of large-scale agrivoltaics through competitive contracts.
The key players operating in the agrivoltaics industry are Next2Sun, Sun’Agri, Ombrea, Namaste Solar, Mirai Solar, SunSeed APV, Enel Green Power S.p.A., JA SOLAR Technology Co., Ltd., BayWa AG, and Insolight SA. Ombrea is engaged in the production and management of agrivoltaics solutions. It designs shade house systems for application in agriculture. It offers its solution of solar modules for the residential as well as the agriculture sector. It aids its customer through a smart shade system based on weather patterns. SunSeed APV Private Limited is engaged in consulting, project planning, and management services from design to execution of agrivoltaics. It offers detailed light/radiation studies, elevated mounting structures, irrigation, water management, and agri-Strategies, for the solar and agriculture sector.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. Porter’s five forces analysis of the agrivoltaics market considers both micro-and macro-business environment factors influencing the market. The report features Strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the agrivoltaics market analysis from 2021 to 2031 to identify the prevailing agrivoltaics market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the agrivoltaics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global agrivoltaics market trends, key players, market segments, application areas, and market growth Strategies.
Key Market Segments
By System Design
- Fixed Solar Panles
- Dynamic
By Cell Type
- Monocrystalline
- Polycrystalline
By Crop
- Vegetables
- Fruits
- Crops
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- SunAgri
- Ombrea
- Namaste Solar
- Mirai Solar
- Insolight SA
- JA Solar Holdings Co. Ltd.
- Enel Green Power Spa
- Next2Sun Technology GmbH
- SunSeed APV Private Limited
- BayWa AG
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Advancements in farming techniques
3.4.1.2. Investment from government and private players boosting research and development
3.4.1.3. Dual Income source
3.4.2. Restraints
3.4.2.1. High installation costs
3.4.2.2. Resistance to accepting changes in traditional farming techniques
3.4.2.3. Design constraints and approval delays
3.4.3. Opportunities
3.4.3.1. Increased investment by private players
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Patent Landscape
3.8. Regulatory Guidelines
3.9. Value Chain Analysis
CHAPTER 4: AGRIVOLTAICS MARKET, BY SYSTEM DESIGN
4.1. Overview
4.1.1. Market size and forecast
4.2. Fixed Solar Panles
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Dynamic
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: AGRIVOLTAICS MARKET, BY CELL TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Monocrystalline
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Polycrystalline
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: AGRIVOLTAICS MARKET, BY CROP
6.1. Overview
6.1.1. Market size and forecast
6.2. Vegetables
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Fruits
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Crops
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Others
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
CHAPTER 7: AGRIVOLTAICS MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by System Design
7.2.3. Market size and forecast, by Cell Type
7.2.4. Market size and forecast, by Crop
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by System Design
7.2.5.1.3. Market size and forecast, by Cell Type
7.2.5.1.4. Market size and forecast, by Crop
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by System Design
7.2.5.2.3. Market size and forecast, by Cell Type
7.2.5.2.4. Market size and forecast, by Crop
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by System Design
7.2.5.3.3. Market size and forecast, by Cell Type
7.2.5.3.4. Market size and forecast, by Crop
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by System Design
7.3.3. Market size and forecast, by Cell Type
7.3.4. Market size and forecast, by Crop
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by System Design
7.3.5.1.3. Market size and forecast, by Cell Type
7.3.5.1.4. Market size and forecast, by Crop
7.3.5.2. UK
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by System Design
7.3.5.2.3. Market size and forecast, by Cell Type
7.3.5.2.4. Market size and forecast, by Crop
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by System Design
7.3.5.3.3. Market size and forecast, by Cell Type
7.3.5.3.4. Market size and forecast, by Crop
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by System Design
7.3.5.4.3. Market size and forecast, by Cell Type
7.3.5.4.4. Market size and forecast, by Crop
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by System Design
7.3.5.5.3. Market size and forecast, by Cell Type
7.3.5.5.4. Market size and forecast, by Crop
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by System Design
7.3.5.6.3. Market size and forecast, by Cell Type
7.3.5.6.4. Market size and forecast, by Crop
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by System Design
7.4.3. Market size and forecast, by Cell Type
7.4.4. Market size and forecast, by Crop
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by System Design
7.4.5.1.3. Market size and forecast, by Cell Type
7.4.5.1.4. Market size and forecast, by Crop
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by System Design
7.4.5.2.3. Market size and forecast, by Cell Type
7.4.5.2.4. Market size and forecast, by Crop
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by System Design
7.4.5.3.3. Market size and forecast, by Cell Type
7.4.5.3.4. Market size and forecast, by Crop
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by System Design
7.4.5.4.3. Market size and forecast, by Cell Type
7.4.5.4.4. Market size and forecast, by Crop
7.4.5.5. Australia
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by System Design
7.4.5.5.3. Market size and forecast, by Cell Type
7.4.5.5.4. Market size and forecast, by Crop
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Key market trends, growth factors and opportunities
7.4.5.6.2. Market size and forecast, by System Design
7.4.5.6.3. Market size and forecast, by Cell Type
7.4.5.6.4. Market size and forecast, by Crop
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by System Design
7.5.3. Market size and forecast, by Cell Type
7.5.4. Market size and forecast, by Crop
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by System Design
7.5.5.1.3. Market size and forecast, by Cell Type
7.5.5.1.4. Market size and forecast, by Crop
7.5.5.2. South Africa
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by System Design
7.5.5.2.3. Market size and forecast, by Cell Type
7.5.5.2.4. Market size and forecast, by Crop
7.5.5.3. Saudi Arabia
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by System Design
7.5.5.3.3. Market size and forecast, by Cell Type
7.5.5.3.4. Market size and forecast, by Crop
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by System Design
7.5.5.4.3. Market size and forecast, by Cell Type
7.5.5.4.4. Market size and forecast, by Crop
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. Next2Sun Technology GmbH
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.2. SunAgri
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.3. Ombrea
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.4. Namaste Solar
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.5. Mirai Solar
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. SunSeed APV Private Limited
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Enel Green Power Spa
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. JA Solar Holdings Co. Ltd.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. BayWa AG
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. Insolight SA
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
List of Tables
Table 01. Global Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 02. Global Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 03. Agrivoltaics Market for Fixed Solar Panles, by Region, 2021-2031 (Revenue, $Million)
Table 04. Agrivoltaics Market for Fixed Solar Panles, by Region, 2021-2031 (Volume, Units)
Table 05. Agrivoltaics Market for Dynamic, by Region, 2021-2031 (Revenue, $Million)
Table 06. Agrivoltaics Market for Dynamic, by Region, 2021-2031 (Volume, Units)
Table 07. Global Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 08. Global Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 09. Agrivoltaics Market for Monocrystalline, by Region, 2021-2031 (Revenue, $Million)
Table 10. Agrivoltaics Market for Monocrystalline, by Region, 2021-2031 (Volume, Units)
Table 11. Agrivoltaics Market for Polycrystalline, by Region, 2021-2031 (Revenue, $Million)
Table 12. Agrivoltaics Market for Polycrystalline, by Region, 2021-2031 (Volume, Units)
Table 13. Global Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 14. Global Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 15. Agrivoltaics Market for Vegetables, by Region, 2021-2031 (Revenue, $Million)
Table 16. Agrivoltaics Market for Vegetables, by Region, 2021-2031 (Volume, Units)
Table 17. Agrivoltaics Market for Fruits, by Region, 2021-2031 (Revenue, $Million)
Table 18. Agrivoltaics Market for Fruits, by Region, 2021-2031 (Volume, Units)
Table 19. Agrivoltaics Market for Crops, by Region, 2021-2031 (Revenue, $Million)
Table 20. Agrivoltaics Market for Crops, by Region, 2021-2031 (Volume, Units)
Table 21. Agrivoltaics Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 22. Agrivoltaics Market for Others, by Region, 2021-2031 (Volume, Units)
Table 23. Agrivoltaics Market, by Region, 2021-2031 (Revenue, $Million)
Table 24. Agrivoltaics Market, by Region, 2021-2031 (Volume, Units)
Table 25. North America Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 26. North America Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 27. North America Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 28. North America Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 29. North America Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 30. North America Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 31. North America Agrivoltaics Market, by Country, 2021-2031 (Revenue, $Million)
Table 32. North America Agrivoltaics Market, by Country, 2021-2031 (Volume, Units)
Table 33. U.S. Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 34. U.S. Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 35. U.S. Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 36. U.S. Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 37. U.S. Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 38. U.S. Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 39. Canada Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 40. Canada Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 41. Canada Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 42. Canada Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 43. Canada Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 44. Canada Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 45. Mexico Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 46. Mexico Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 47. Mexico Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 48. Mexico Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 49. Mexico Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 50. Mexico Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 51. Europe Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 52. Europe Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 53. Europe Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 54. Europe Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 55. Europe Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 56. Europe Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 57. Europe Agrivoltaics Market, by Country, 2021-2031 (Revenue, $Million)
Table 58. Europe Agrivoltaics Market, by Country, 2021-2031 (Volume, Units)
Table 59. Germany Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 60. Germany Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 61. Germany Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 62. Germany Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 63. Germany Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 64. Germany Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 65. UK Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 66. UK Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 67. UK Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 68. UK Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 69. UK Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 70. UK Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 71. France Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 72. France Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 73. France Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 74. France Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 75. France Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 76. France Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 77. Italy Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 78. Italy Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 79. Italy Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 80. Italy Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 81. Italy Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 82. Italy Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 83. Spain Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 84. Spain Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 85. Spain Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 86. Spain Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 87. Spain Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 88. Spain Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 89. Rest of Europe Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 90. Rest of Europe Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 91. Rest of Europe Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 92. Rest of Europe Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 93. Rest of Europe Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 94. Rest of Europe Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 95. Asia-Pacific Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 96. Asia-Pacific Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 97. Asia-Pacific Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 98. Asia-Pacific Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 99. Asia-Pacific Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 100. Asia-Pacific Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 101. Asia-Pacific Agrivoltaics Market, by Country, 2021-2031 (Revenue, $Million)
Table 102. Asia-Pacific Agrivoltaics Market, by Country, 2021-2031 (Volume, Units)
Table 103. China Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 104. China Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 105. China Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 106. China Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 107. China Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 108. China Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 109. Japan Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 110. Japan Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 111. Japan Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 112. Japan Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 113. Japan Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 114. Japan Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 115. India Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 116. India Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 117. India Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 118. India Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 119. India Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 120. India Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 121. South Korea Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 122. South Korea Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 123. South Korea Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 124. South Korea Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 125. South Korea Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 126. South Korea Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 127. Australia Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 128. Australia Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 129. Australia Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 130. Australia Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 131. Australia Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 132. Australia Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 133. Rest of Asia-Pacific Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 134. Rest of Asia-Pacific Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 135. Rest of Asia-Pacific Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 136. Rest of Asia-Pacific Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 137. Rest of Asia-Pacific Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 138. Rest of Asia-Pacific Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 139. LAMEA Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 140. LAMEA Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 141. LAMEA Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 142. LAMEA Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 143. LAMEA Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 144. LAMEA Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 145. LAMEA Agrivoltaics Market, by Country, 2021-2031 (Revenue, $Million)
Table 146. LAMEA Agrivoltaics Market, by Country, 2021-2031 (Volume, Units)
Table 147. Brazil Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 148. Brazil Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 149. Brazil Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 150. Brazil Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 151. Brazil Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 152. Brazil Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 153. South Africa Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 154. South Africa Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 155. South Africa Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 156. South Africa Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 157. South Africa Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 158. South Africa Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 159. Saudi Arabia Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 160. Saudi Arabia Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 161. Saudi Arabia Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 162. Saudi Arabia Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 163. Saudi Arabia Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 164. Saudi Arabia Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 165. Rest of LAMEA Agrivoltaics Market, by System Design, 2021-2031 (Revenue, $Million)
Table 166. Rest of LAMEA Agrivoltaics Market, by System Design, 2021-2031 (Volume, Units)
Table 167. Rest of LAMEA Agrivoltaics Market, by Cell Type, 2021-2031 (Revenue, $Million)
Table 168. Rest of LAMEA Agrivoltaics Market, by Cell Type, 2021-2031 (Volume, Units)
Table 169. Rest of LAMEA Agrivoltaics Market, by Crop, 2021-2031 (Revenue, $Million)
Table 170. Rest of LAMEA Agrivoltaics Market, by Crop, 2021-2031 (Volume, Units)
Table 171. Next2Sun Technology GmbH: Key Executives
Table 172. Next2Sun Technology GmbH: Company Snapshot
Table 173. Next2Sun Technology GmbH: Product Segments
Table 174. Next2Sun Technology GmbH: Product Portfolio
Table 175. Sunagri: Key Executives
Table 176. Sunagri: Company Snapshot
Table 177. Sunagri: Service Segments
Table 178. Sunagri: Product Portfolio
Table 179. Ombrea: Key Executives
Table 180. Ombrea: Company Snapshot
Table 181. Ombrea: Service Segments
Table 182. Ombrea: Product Portfolio
Table 183. Namaste Solar: Key Executives
Table 184. Namaste Solar: Company Snapshot
Table 185. Namaste Solar: Service Segments
Table 186. Namaste Solar: Product Portfolio
Table 187. Mirai Solar: Key Executives
Table 188. Mirai Solar: Company Snapshot
Table 189. Mirai Solar: Service Segments
Table 190. Mirai Solar: Product Portfolio
Table 191. Sunseed Apv Private Limited: Key Executives
Table 192. Sunseed Apv Private Limited: Company Snapshot
Table 193. Sunseed Apv Private Limited: Product Segments
Table 194. Sunseed Apv Private Limited: Service Segments
Table 195. Sunseed Apv Private Limited: Product Portfolio
Table 196. Enel Green Power Spa: Key Executives
Table 197. Enel Green Power Spa: Company Snapshot
Table 198. Enel Green Power Spa: Product Segments
Table 199. Enel Green Power Spa: Product Portfolio
Table 200. Ja Solar Holdings Co. Ltd.: Key Executives
Table 201. Ja Solar Holdings Co. Ltd.: Company Snapshot
Table 202. Ja Solar Holdings Co. Ltd.: Product Segments
Table 203. Ja Solar Holdings Co. Ltd.: Product Portfolio
Table 204. Baywa AG: Key Executives
Table 205. Baywa AG: Company Snapshot
Table 206. Baywa AG: Service Segments
Table 207. Baywa AG: Product Portfolio
Table 208. Insolight SA: Key Executives
Table 209. Insolight SA: Company Snapshot
Table 210. Insolight SA: Product Segments
Table 211. Insolight SA: Service Segments
Table 212. Insolight SA: Product Portfolio
List of Figures
Figure 01. Agrivoltaics Market, 2021-2031
Figure 02. Segmentation of Agrivoltaics Market, 2021-2031
Figure 03. Top Investment Pockets in Agrivoltaics Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Low Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. Moderate Threat of New Entrants
Figure 08. High Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalagrivoltaics Market
Figure 10. Impact of Key Regulation: Agrivoltaics Market
Figure 11. Patent Analysis by Company
Figure 12. Patent Analysis by Country
Figure 13. Regulatory Guidelines: Agrivoltaics Market
Figure 14. Value Chain Analysis: Agrivoltaics Market
Figure 15. Agrivoltaics Market, by System Design, 2021(%)
Figure 16. Comparative Share Analysis of Agrivoltaics Market for Fixed Solar Panles, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of Agrivoltaics Market for Dynamic, by Country 2021-2031(%)
Figure 18. Agrivoltaics Market, by Cell Type, 2021(%)
Figure 19. Comparative Share Analysis of Agrivoltaics Market for Monocrystalline, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Agrivoltaics Market for Polycrystalline, by Country 2021-2031(%)
Figure 21. Agrivoltaics Market, by Crop, 2021(%)
Figure 22. Comparative Share Analysis of Agrivoltaics Market for Vegetables, by Country 2021-2031(%)
Figure 23. Comparative Share Analysis of Agrivoltaics Market for Fruits, by Country 2021-2031(%)
Figure 24. Comparative Share Analysis of Agrivoltaics Market for Crops, by Country 2021-2031(%)
Figure 25. Comparative Share Analysis of Agrivoltaics Market for Others, by Country 2021-2031(%)
Figure 26. Agrivoltaics Market by Region, 2021
Figure 27. U.S. Agrivoltaics Market, 2021-2031 ($Million)
Figure 28. Canada Agrivoltaics Market, 2021-2031 ($Million)
Figure 29. Mexico Agrivoltaics Market, 2021-2031 ($Million)
Figure 30. Germany Agrivoltaics Market, 2021-2031 ($Million)
Figure 31. UK Agrivoltaics Market, 2021-2031 ($Million)
Figure 32. France Agrivoltaics Market, 2021-2031 ($Million)
Figure 33. Italy Agrivoltaics Market, 2021-2031 ($Million)
Figure 34. Spain Agrivoltaics Market, 2021-2031 ($Million)
Figure 35. Rest of Europe Agrivoltaics Market, 2021-2031 ($Million)
Figure 36. China Agrivoltaics Market, 2021-2031 ($Million)
Figure 37. Japan Agrivoltaics Market, 2021-2031 ($Million)
Figure 38. India Agrivoltaics Market, 2021-2031 ($Million)
Figure 39. South Korea Agrivoltaics Market, 2021-2031 ($Million)
Figure 40. Australia Agrivoltaics Market, 2021-2031 ($Million)
Figure 41. Rest of Asia-Pacific Agrivoltaics Market, 2021-2031 ($Million)
Figure 42. Brazil Agrivoltaics Market, 2021-2031 ($Million)
Figure 43. South Africa Agrivoltaics Market, 2021-2031 ($Million)
Figure 44. Saudi Arabia Agrivoltaics Market, 2021-2031 ($Million)
Figure 45. Rest of LAMEA Agrivoltaics Market, 2021-2031 ($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap: Agrivoltaics Market
Figure 52. Top Player Positioning, 2021
Figure 53. Baywa AG: Net Revenue, 2019-2021 ($Million)
Figure 54. Baywa AG: Revenue Share by Segment, 2021 (%)
Figure 55. Baywa AG: Revenue Share by Region, 2021 (%)
Executive Summary
According to the report titled, 'Agrivoltaics Market,' the agrivoltaics market was valued at $3.6 billion in 2021 and is estimated to reach $9.3 billion by 2031, growing at a CAGR of 10.1% from 2022 to 2031.The farmers are dependent on crop farming, horticulture, orchard, fodder, meat, and aquaculture for their livelihoods. Farmers are opting for new techniques and ways of farming as the demand for food increases, due to the rise in population. Solar panels act as a second source of income by generating power that can be utilized for agricultural operational use as well as selling the excess power generated to local electricity grids. This is likely to generate a second income source for farmers and thus enhance their lifestyles. Agriculture is an ancient practice that has been going around globally. There are several ways of practicing agriculture such as shifting cultivation, subsistence farming, pastoralism, and intensive farming. It contributes around 4% of the world's GDP. The ancient practices of cultivation are followed religiously without adopting any major changes. This is due to stubborn belief in ancient practices owing to a lack of education and awareness regarding new farming techniques. Thus, agrivoltaics being a very new technique of farming is likely to expect resistance and hence, act as a restraining factor for the agrivoltaics market.
There are fixed solar panels and dynamic systems available for installation in agrivoltaics. However, these two are very limited options for such a huge sector as the land’s characteristics change with each area’s change. Moreover, the designed systems require approval from government institutions for further processing. There are delays faced by local and central authorities owing to the lack of universal standards, thus it acts as a restraining factor for the agrivoltaics market growth. Extensive research and development programs which are conducted by the leading market players that aid in the introduction of new and advanced agricultural materials into the market to increase the need among the potential consumers have created lucrative opportunities for the growth of the agrivoltaics market during the forecast period. The increased investments by leading firms encourage the development and usage of advanced agricultural techniques and equipment that aid in the growth of the agrivoltaics market to a great extent.
The agrivoltaics market size is segmented into system design, cell type, crop, and region. By system design, the agrivoltaics market is bifurcated into fixed solar panels and dynamic. By cell type, the market is divided into microcrystalline and polycrystalline. By crop, the market is categorized into vegetables, fruits, crops, and others. Fruits are important sources of dietary fiber, vitamins (especially vitamin C), and antioxidants. Although fresh fruits are subject to spoilage, their shelf life can be extended by refrigeration or by the removal of oxygen from their storage or packaging containers. The different types of fruits are Pome, drupe, berry, aggregate fruit, legumes, capsules, nuts, and multiple fruits. Different types of fruits require different weather conditions. Berries and apples require cooler temperatures for growth. Similarly, some of them require moist and moderate weather for growth. For such fruits, the temperature can be cooled down with help of solar panels and thus promote agrivoltaics market growth.
Region-wise, the agrivoltaics market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). China held the major share of the market across all regions. It has the largest capacity of agrivoltaics installed. In 2021, solar greenhouses in China covered up to 1.96 million hectares, or 30% of the total horticultural areas in China. The Chinese government is planning to bar solar developers from building solar PV on farmland. Driven by government support, agrivoltaics greenhouses flourish in China, growing tea, grapes, a wide variety of vegetables, and several types of mushrooms.
India has declared its ambition to raise non-fossil power capacity to 500 GW by 2030, with renewable energy accounting for 50% of total energy needs. The Agriculture and allied sectors account for over 50% of our workforce and contribute a substantial 18% to GDP. India has almost 60% of its land under cultivation, to meet the demands of its large population. In India, currently, agrivoltaics is still niche, with several dozen pilot plants, but interest is growing rapidly. The key players operating in the agrivoltaics industry are Next2Sun, Sun’Agri, Ombrea, Namaste Solar, Mirai Solar, SunSeed APV, Enel Green Power S.p.A., JA SOLAR Technology Co., Ltd., BayWa AG, and Insolight SA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. Porter’s five forces analysis of the agrivoltaics market considers both micro-and macro-business environment factors influencing the market. The report features Strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.
KEY FINDINGS OF THE STUDY
Fixed solar panels are projected to grow at the highest CAGR of approximately 10.5%, in terms of during the agrivoltaics market forecast periodThe monocrystalline segment dominated the agrivoltaics market share by over 51.7% in 2021
By region, North America dominated the agrivoltaics market and is expected to grow at a CAGR of 10.7% during the forecast period
Companies Mentioned
- SunAgri
- Ombrea
- Namaste Solar
- Mirai Solar
- Insolight SA
- JA Solar Holdings Co. Ltd.
- Enel Green Power Spa
- Next2Sun Technology GmbH
- SunSeed APV Private Limited
- BayWa AG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 312 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3.6 billion |
| Forecasted Market Value ( USD | $ 9.3 billion |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
