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Asia-Pacific Agrivoltaic Market Research Report: Forecast (2023-2028)

By Placement (Standalone, Shading Nets, Greenhouse, Others), By Material Type (Panels, Paints), By Cell Type (Monocrystalline, Polycrystalline), By Crop Collaboration (Vegetables, Fruits, Crops, Other... ... Fruits, Crops, Others), By Type of Agrivoltaic Plant (Overhead Tilted, Interspace, Hybrid), By Type of Solar Panel (Opaque, Semi Transparent, Transparent), By Power Output (Upto 10 MWp, 10.1 to 50 MWp, More than 50 MWp), By Countries (China, India, South Korea, Japan, Australia, Southeast Asia, Rest of Asia-Pacific), By Company (Enel Green Power, JS Power, Sun' Agri, Solar Window, BayWa r.e., Akira Nagashima, REM Tec, SolarFarm. Ltd., Next2Sun, Others) Read more

Environment
Sep 2023
Pages 157
Report Format: PDF, Excel, PPT

Market Insights & Analysis: Asia-Pacific Agrivoltaic Market (2023-28)

The Asia-Pacific Agrivoltaic market is projected to grow at a CAGR of around 35% during the forecast period, i.e., 2023-28. The region has shown commendable growth for the market in the historical period, i.e., 2018-2022. Some of the factors that have contributed to the development have been the rising concerns about climate change, shifting electricity production from non-renewable sources to renewable sources, government initiatives to assist the adoption of this technology, etc.

The Asia-Pacific region has been a lucrative market presenting huge opportunities due to the vast availability of flatlands for agrarian activities, which could be potentially used for dual purposes, such as agriculture production as well as electricity generation. Countries such as China, India, Indonesia, Thailand, Vietnam, the Philippines, etc., have a high dependence on fossil fuels, due to which the region has been the major contributor of greenhouse gases.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	35%
Countries Covered	China, India, South Korea, Japan, Australia, Southeast Asia, Rest of Asia-Pacific
Key Companies Profiled	Enel Green Power, JS Power, Sun' Agri, Solar Window, BayWa r.e., Akira Nagashima, REM Tec, SolarFarm. Ltd., Next2Sun, Others
Unit Denominations	USD Million/Billion

With the enormous size of the population engaged in agricultural activities & the adoption of sustainable agriculture practices, the demand for these technological solutions in Asian countries would rise significantly in the forecast period. Furthermore, many of the key agrivoltaics projects have been announced in the regional countries that are indicators of the increasing adoption of these practices as well as would be conducive to the future growth of the market in the region. In 2021, Beijing Energy International Holding, a state-owned solar developing firm, revealed its plans to invest in a 112MW agriculture photovoltaics power project in China.

Asia-Pacific Agrivoltaic Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Research Process
2. Assumption
3. Product Definition
Executive Summary
Asia-Pacific Solar Industry Outlook, 2023
Asia-Pacific Agrivoltaic Market Key Strategic Developments 2018-2022
1. Partnerships, Alliances & Collaborations
2. Mergers & Acquisitions
3. Consortiums & Industry Associations
Asia-Pacific Agrivoltaic Market Trends & Development
Asia-Pacific Agrivoltaic Market Dynamics
1. Growth Drivers
2. Challenges
Asia-Pacific Agrivoltaic Market Hotspot and Opportunities
Asia-Pacific Agrivoltaic Market Policies, Regulations, and Standards
Asia-Pacific Agrivoltaic Market Outlook, 2018-2028F
1. Market Size and Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWp)
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 Agrivoltaic 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 MWp
    2. 10.1 to 50 MWp
    3. More than 50 MWp
  8. By Countries
    1. China
    2. India
    3. South Korea
    4. Japan
    5. Australia
    6. Southeast Asia
    7. Rest of Asia-Pacific
  9. By Company
    1. Competition Characteristics
    2. Market Share & Analysis
China Agrivoltaic Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWp)
2. Market Share and Analysis
  1. By Placement
  2. By Material Type
  3. By Cell Type
  4. By Crop Collaboration
  5. By Type of Agrivoltaic Plant
  6. By Type of Solar Panel
  7. By Power Output
India Agrivoltaic Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWp)
2. Market Share and Analysis
  1. By Placement
  2. By Material Type
  3. By Cell Type
  4. By Crop Collaboration
  5. By Type of Agrivoltaic Plant
  6. By Type of Solar Panel
  7. By Power Output
South Korea Agrivoltaic Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWp)
2. Market Share and Analysis
  1. By Placement
  2. By Material Type
  3. By Cell Type
  4. By Crop Collaboration
  5. By Type of Agrivoltaic Plant
  6. By Type of Solar Panel
  7. By Power Output
Japan Agrivoltaic Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWp)
2. Market Share and Analysis
  1. By Placement
  2. By Material Type
  3. By Cell Type
  4. By Crop Collaboration
  5. By Type of Agrivoltaic Plant
  6. By Type of Solar Panel
  7. By Power Output
Australia Agrivoltaic Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWp)
2. Market Share and Analysis
  1. By Placement
  2. By Material Type
  3. By Cell Type
  4. By Crop Collaboration
  5. By Type of Agrivoltaic Plant
  6. By Type of Solar Panel
  7. By Power Output
South East Asia Agrivoltaic Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
  2. By Installed Capacity (MWp)
2. Market Share and Analysis
  1. By Placement
  2. By Material Type
  3. By Cell Type
  4. By Crop Collaboration
  5. By Type of Agrivoltaic Plant
  6. By Type of Solar Panel
  7. By Power Output
Asia-Pacific Agrivoltaic Market Key Strategic Imperatives for Success and Growth
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. BayWa r.e.
  6. Akira Nagashima
  7. REM Tec
  8. SolarFarm. Ltd.
  9. Next2Sun
  10. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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