July 20, 2024

Agrivoltaics Market Size Analysis 2022 To 2030

The global agrivoltaics market size accounted for US$ 3.17 Bn in 2021 and is projected to reach around USD 8.9 Bn by 2030, growing at a CAGR of 12.15% from 2022 to 2030.

Agrivoltaics Market Size 2022 To 2030


Report Summary

The global agrivoltaics market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the agrivoltaics market across the globe.

A comprehensive estimate on the agrivoltaics market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of agrivoltaics during the forecast period. Price point comparison by region with global average price is also considered in the study.

Agrivoltaics Market Scope

Report CoverageDetails
Market Size in 2022USD 3.56 Billion
Market Size by 2030USD 8.9 Billion
Growth Rate from 2022 to 2030CAGR of 12.15%
Base Year2021
Forecast Period2022 to 2030
Segments CoveredSystem Design, Crop Type, Placement, Material Type, Cell Type, Crop Collaboration, Type of Agrivoltaic Plant, Type of Solar Panel, Power Output, and Geography

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized agrivoltaics market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read: Thermoformed Plastics Market Size Analysis 2022 To 2030

Agrivoltaics Market Players

The report includes the profiles of key agrivoltaics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Major companies operating in this area are Agrivoltaic Solution LLC, Sun Agri, REM TEC, Enel Green Power, Boralex, BayWa AG, TotalEnergies SE, Mackin Energy, Sunrise Power Solutions, Suntech Power Holdings

Market Segmentation

By System Design

  • Fixed Solar Panels Over Crops
  • Dynamic Agrivoltaic

By Crop Type

  • Leafy Greens
    • Lettuce
    • Spinach
    • Others
  • Root Crops
    • Potatoes
    • Radishes
    • Beets
    • Carrots
    • Others
  • Fruits & Other Crops

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 Agrivoltaic Plant

  • Overhead Tilted
  • Interspace
  • Hybrid

By Type of Solar Panel

  • Opaque
  • Semi-Transparent
  • Transparent

By Power Output

  • Up to 10 MWp
  • 10.1 to 50 MWp
  • More than 50 MWp

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding. 

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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