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Global Agrivoltaics Market: Crosses USD 3.64 billion Valuation in 2022, Envisions 38% CAGR Surge Up to 2030

Global Agrivoltaics Market: Crosses USD 3.64 billion Valuation in 2022, Envisions 38% CAGR Surge Up to 2030

How big is the Global Agrivoltaics market?

According to MarkNtel Advisors study, The Global Agrivoltaics Market size was valued at around USD 3.64 billion in 2022 and is estimated to grow at a CAGR of about 38% during the forecast period, i.e., 2024-30.

Get Your Hands On to the Free Sample Report (2024-30) – https://www.marknteladvisors.com/query/request-sample/agrivoltaic-market.html

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.

Leading Companies in the Global Agrivoltaics market:

  • Enel Green Power
  • JS Power
  • Sun’ Agri
  • Solar Window
  • Akuo Energy
  • BayWa r.e.
  • Insolight
  • REM Tec
  • Zimmermen
  • Next2Sun
  • Others

Explore Full Market Research Report – https://www.marknteladvisors.com/research-library/agrivoltaic-market.html

Global Agrivoltaics Market Segmentation:

By Placement

  • Standalone
  • Shading Nets
  • Greenhouse
  • Others (Solar Fence, Solar Windows, etc.)

By Material Type

  • Panels
  • Paints

By Cell Type

  • Monocrystalline
  • Polycrystalline

Of both, Monocrystalline PV cells experience more demand owing to their higher efficiency. They are manufactured with the help of a single crystal growth method and can provide commercial efficiencies ranging from 20% to 24%.

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
  • 1 to 50 KWh
  • More than 50 KWh

Regional/ Countries Insight:

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

Of them 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.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

To Get Customized Report, Sent Your Enquiry Here –  https://www.marknteladvisors.com/query/request-customization/agrivoltaic-market.html

About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

For Media Inquiries:

please contact: Phone: +1 628 895 8081, +91 120 4278433

Email: sales@marknteladvisors.com

Corporate Office: Office No.106, H-160, Sector 63, Noida, Uttar Pradesh – 201301, India

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