Global Agrivoltaics

Global Agrivoltaics Market Research Report: Forecast (2022-2027)

By Placement (Standalone, Shading Nets, Greenhouse, Others (Solar Fence, Solar Windows, etc.)), By Material Type (Panels, Paints), By Cell Type (Monocrystalline, Polycrystalline), By Crop Collaboratio Read more

  • Energy
  • Jun 2022
  • 245
  • ET55020

Market Definition

Rapid changes in the global climate are enlightening the vulnerabilities of food, energy, & water system. With the burgeoning population & its food requirements, access to food has to be drastically improved. In this context, Agrivoltaics is one of the ideas gaining immense interest. It means combining food & energy production, i.e., putting solar farms in the field where crops are also grown. It shall help increase the environmental compatibility and benefits of developing solar plants with agriculture & native landscapes.

Market Overview

The Global Agrivoltaics Market is anticipated to grow at a CAGR of around 38% during the forecast period, i.e., 2022-27. The rapid climate changes like increasing temperature levels & reduced precipitation, coupled with rising water scarcity concerns, are creating significant challenges for both the energy & agriculture sectors worldwide.

These challenges are shifting focus toward adopting Agrivoltaics, which enables the effective use of sunlight for crop growth. It is also beneficial for farmers to earn extra money by selling the power generated using solar panels. Hence, Agrivoltaics offers dual benefits, viz., agricultural output and earnings from power generation, and it has positively influenced the overall growth of the global market.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 38%
Regions Covered North America: The US, Canada
Europe: Germany, France, Italy, The Netherlands, Belgium, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
South America: Brazil, Rest of South America
Middle East & Africa
Key Companies Profiled Enel Green Power, JS Power, Sun' Agri, Solar Window, BayWa r.e., Insolight, REM Tec, Zimmermen, Next2Sun
Unit Denominations USD Million/Billion

 

If the current agriculture methods continue, there won't be enough water to meet the increasing food requirements. The current world population is 7.8 billion and is expected to reach 9.8 billion by 2050, which, in turn, would surge the demand for food production astronomically by then.

Technologies like solar photovoltaics can meet sustainability & address resilience concerns regarding the global energy system. The cost of solar panels is decreasing continuously, and it has resulted in the reduced installation costs of Agrivoltaics, thereby accelerating the market growth.

Impact of Covid-19 on the Global Agrivoltaics Market

  • The Covid-19 pandemic in 2020 led to the imposition of unprecedented constraints on social & economic activities worldwide, and the Global Agrivoltaics Market got severely hit.
  • With the enforcement of lockdown, manufacturing activities & cross-border trades got significantly affected.
  • Since the renewable sector of most countries is dependent on imports from other countries, especially China, the manufacturing & supply chain of cfv
  • modules got adversely affected due to the imposition of lockdown & trade restrictions by the Chinese government.
  • Besides, in 2019, China’s share of global photovoltaic additions declined to less than 30% from 55% in 2017.
  • Further, most solar equipment suppliers were unable to deliver orders on time, which resulted in backlogs.
  • Additionally, the delay in projects also negatively impacted the overall market growth.

  1. Introduction
    1. Research Process
    2. Assumption
    3. Market Segmentation
    4. Market Definition
  2. Executive Summary
  3. Global Solar Industry Outlook, 2022-2027
  4. Global Agrivoltaics Market Trends & Insights
  5. Global Agrivoltaics Market Key Strategic Developments 2017-2021
    1. Partnerships, Alliances & Collaborations
    2. Mergers & Acquisitions
    3. Consortiums & Industry Associations
  6. Global Agrivoltaics Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Agrivoltaics Market Policies, Regulations, Material Type Standards, By Country
    1. Financing, Grants & Funding
    2. Standards
    3. Rules and Regulations
  8. Global Ongoing Agrivoltaics Projects, By Country 
    1. China
    2. India
    3. Belgium
    4. France
    5. The US
    6. Others
  9. Global Agrivoltaics Market Hotspot and Opportunities
  10. Global Agrivoltaics Market Outlook, 2017- 2027F
    1. Market Size and Analysis
      1. By Revenues in USD Million
      2. By Installed Capacity in MW
    2. Market Share and Analysis
      1. By Placement
        1. Standalone
        2. Shading Nets
        3. Greenhouse
        4. Others (Solar Fence, Solar Windows, etc.)
      2. By Material Type
        1. Panels
        2. Paints
      3. By Cell Type
        1. Monocrystalline
        2. Polycrystalline
      4. By Crop Collaboration
        1. Vegetables
        2. Fruits
        3. Crops
        4. Others (Herbs, etc.)
      5. By Type of Agrivoltaics Plant
        1. Overhead Tilted
        2. Interspace
        3. Hybrid
      6. By Type of Solar Panel
        1. Opaque
        2. Semi Transparent
        3. Transparent
      7. By Power Output
        1. Upto 10 KWh
        2. 10.1 to 50 KWh
        3. More than 50 KWh
      8. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      9. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  11. North America Agrivoltaics Market Outlook, 2017- 2027F
    1. Market Size and Analysis
      1. By Revenues in USD Million
      2. By Installed Capacity in MW
    2. Market Share and Analysis
      1. By Placement
      2. By Material Type
      3. By Cell Type
      4. By Crop Collaboration
      5. By Type of Agrivoltaics Plant
      6. By Type of Solar Panel
      7. By Power Output
      8. By Country
        1. The US
        2. Canada
    3. The US Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
    4. Canada Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
  12. South America Agrivoltaics Market Outlook, 2017- 2027F
    1. Market Size and Analysis
      1. By Revenues in USD Million
      2. By Installed Capacity in MW
    2. Market Share and Analysis
      1. By Placement
      2. By Material Type
      3. By Cell Type
      4. By Crop Collaboration
      5. By Type of Agrivoltaics Plant
      6. By Type of Solar Panel
      7. By Power Output
      8. By Country
        1. Brazil
        2. Rest of South America
    3. Brazil Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
  13. Europe Agrivoltaics Market Outlook, 2017- 2027F
    1. Market Size and Analysis
      1. By Revenues in USD Million
      2. By Installed Capacity in MW
    2. Market Share and Analysis
      1. By Placement
      2. By Material Type
      3. By Cell Type
      4. By Crop Collaboration
      5. By Type of Agrivoltaics Plant
      6. By Type of Solar Panel
      7. By Power Output
      8. By Country
        1. Germany
        2. France
        3. Italy
        4. The Netherlands
        5. Belgium
        6. Rest of Europe
    3. Germany Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
    4. France Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
    5. Italy Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
    6. The Netherlands Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
    7. The Belgium Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
  14. Middle East & Africa Agrivoltaics Market Outlook, 2017- 2027F
    1. Market Size and Analysis
      1. By Revenues in USD Million
      2. By Installed Capacity in MW
    2. Market Share and Analysis
      1. By Placement
      2. By Material Type
      3. By Cell Type
      4. By Crop Collaboration
      5. By Type of Agrivoltaics Plant
      6. By Type of Solar Panel
      7. By Power Output
  15. Asia-Pacific Agrivoltaics Market Outlook, 2017- 2027F
    1. Market Size and Analysis
      1. By Revenues in USD Million
      2. By Installed Capacity in MW
    2. Market Share and Analysis
      1. By Placement
      2. By Material Type
      3. By Cell Type
      4. By Crop Collaboration
      5. By Type of Agrivoltaics Plant
      6. By Type of Solar Panel
      7. By Power Output
      8. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
    4. Japan Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
    5. India Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
    6. South Korea Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
    7. Australia Asia Agrivoltaics Market Outlook, 2017- 2027F
      1. Market Size and Analysis
        1. By Revenues in USD Million
        2. By Installed Capacity in MW
  16. Global Agrivoltaics Market Key Strategic Imperatives for Success and Growth
  17. Competitive Outlook
    1. Competition Matrix
      1. Material Type Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Material Types
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Material Type Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Enel Green Power
      2. JS Power
      3. Sun' Agri
      4. Solar Window
      5. Akuo Energy
      6. BayWa r.e.
      7. Insolight
      8. REM Tec
      9. Zimmermen
      10. Next2Sun
      11. Others
  18. Disclaimer
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