We know that the population is growing exponentially and is also putting immense pressure on the agricultural sector to cater to the burgeoning food requirements. What adds up to the "pressure" is not just upon the farmers & the agriculture sector, but the environment altogether. Human needs are widening rapidly and demonstrating a greater inclination toward convenience.
Because o this, the option of various home appliances, smart devices, and electrical systems are escalating across different countries, including Brazil. Hence, the government is seeking ways to address challenges associated with high food consumption & power requirements by people daily. It is where Agrivoltaics come into the picture across Brazil.
Agrivoltaics are a combination of solar panels & plants installed on farmland, which allows the cultivation of crops beneath the photovoltaic panels. It enables in producing of crops & generating of energy simultaneously, without conflict. Hence, the government is encouraging the adoption of these systems throughout the country.
In fact, a recent research report published by MarkNtel Advisors reveals that the Brazil Agrivoltaics Market is set to register a CAGR of around 47% during 2022-27. Moreover, since these systems allow the farmers to diversify their income by selling the generated energy to local power grids while cultivating crops, the demand for agrivoltaics is accelerating across the countries & holds substantial growth potential for the future.
Let us read the blog further and learn more about agrivoltaics and their estimated potential in the future.
Key Aspects Driving the Demand for Agrivoltaics in Brazil
Let us agree that the active participation of the government in encouraging the adoption of agrivoltaics has made significant contributions to the market growth. In fact, it has also demonstrated a presence of remunerative growth opportunities for the leading players to increase their production & distribution capacities and cater to the burgeoning demands.
With the growing need to install energy-efficient systems while bringing persuasive ways for higher yield in agriculture, the government is installing agrivoltaic systems across different farmlands and positively influencing the market growth.
The mounting government focus on energy efficiency & utilizing renewable resources in the best ways is fueling the adoption of Agrivoltaics to generate power from solar energy on wide farmlands while enabling agriculture beneath the panels, thereby positively influencing the market expansion.
Besides, as the focus remains prevalently on addressing environmental concerns while bringing energy efficiency using renewable resources on farmlands, agrivoltaics are set to contribute substantially to minimizing environmental degradation & bringing sustainability. Moreover, there are two prominent types of materials used in Agrivoltaics:
Backed by the high popularity & a primary choice for these power generation systems, panels for agrivoltaics are dominating the industry with the highest revenue. In addition, their proven technological success in offering higher cost-effectiveness & energy efficiency has further widened their applicability in these systems.
On the other hand, Paints are anticipated to gain swift momentum in agrivoltaics across Brazil, attributed to them being a relatively new technology with benefits like easy installation & cheaper maintenance costs than panels.
Nonetheless, while agrivoltaics are said to have a positive influence on the environment, here explains why. With the booming solar industry, its utilization is widening extensively across Brazil, where Agrivoltaics are no exception. Let alone the exceptionally higher farmland efficiency using solar panels for power generation placed above the crops, the greenhouse farming industry has walked on paths to address environmental degradation & bring sustainability.
Agrivoltaics have been one such solution offering partial light transmittance by solar cell arrangement & placement. Therefore, the popularity & demand for agrivoltaics is escalating swiftly and hinting toward an opportunistic future of the industry across Brazil in the coming years.
A Way Ahead for the Agrivoltaics across Brazil in the Future
Considering all the aspects cited above in the blog, we can conclude that the future of agrivoltaics is opportunistic, and shall demonstrate lucrativity for the leading layers to increase their production & distribution capacities, alongside their visibility & consumer base throughout Brazil in the coming years.
Moreover, as environmental degradation and the critical need to address these concerns are set to remain prevalent, the utilization of agrivoltaics is estimated to mount swiftly during the forecast period, hinting toward a substantial growth of the Brazil Agrivoltaics Market.