The global demand for Agrivoltaics Market is presumed to reach the market size of nearly USD 9.9 BN by 2028 from USD 4.17 BN in 2021 with a CAGR of 13.15% under the study period 2022 - 2028.
Agrivoltaics is a method that utilizes the land for both photovoltaic and agricultural output simultaneously. Agrivoltaics is a technique for combining the production of food and energy, placing solar farms in fields where crops are being produced. It will improve the environmental benefits and compatibility of growing solar plants in agriculture and natural settings.
Market Dynamics
The market expansion of agrivoltaics is anticipated to be aided by the increasing awareness of the use and implementation of agrivolataic systems. The growing benefits and features of agrivoltaic Integration within farmlands are projected to boost the market expansion of agrivlotaics. The agrivoltaic market is supported by increasing customer satisfaction and higher profit margins. The agrivoltaic sector's development is also driven by improved strategic analysis and the implementation of government programs. The increased investments in research and development projects will fuel the market growth of agrivoltaics. Lack of awareness about agrivoltaic systems, scarcity of skilled labour, and high cost of installation of agrivoltaic systems are factors curbing the market growth of agrivoltaics.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of agrivoltaics. The growth and trends of agrivoltaics industry provide a holistic approach to this study.
Market Segmentation
This section of the agrivoltaics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Cell Type
- Monocrystalline
- Polycrystalline
By Type Of Material
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Agrivoltaics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Agrivoltaics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the agrivoltaics market include Enel Green Power, JS Power, Sun' Agri, Solar Window, BayWa r.e., Insolight, REM Tec, Zimmermen, Next2Sun. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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