The 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 2025-2030. According to MarkNtel Advisors Study.
Global Agrivoltaics Market Driver:
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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Agrivoltaics Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- 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
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Enel Green Power, JS Power, Sun’ Agri, Solar Window, BayWa r.e., Insolight, REM Tec, Zimmermen, Next2Sun are looking forward to strengthening their market positions.
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