Agrivoltaics Market's USD 3.64 billion Valuation in 2022 Propels it towards a 38% CAGR Triumph in the Coming Years

In-Depth Analysis of the Global Agrivoltaics Market: 2024-2030 Forecasts

MarkNtel Advisors has recently released an in-depth study on the Agrivoltaics Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.

How big is the Keyword Industry?

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

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Who are the top players in the Agrivoltaics Market?

• Enel Green Power
• JS Power
• Sun' Agri
• Solar Window
• BayWa r.e.
• Insolight
• REM Tec
• Zimmermen
• Next2Sun

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

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
• 10.1 to 50 KWh
• More than 50 KWh

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Regional/ Countries Insight:

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

What are the primary market drivers influencing the growth of Agrivoltaics Market?

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.

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Gain a Competitive Edge with Market Research Report

1. The Global Agrivoltaics Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
2. Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
3. The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
4. Apart from market trends and projections, the Global Agrivoltaics Market Report assists in assessing and mitigating risks associated with entering or operating in the market
5. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.

About Us

MarkNtel Advisors is a leading consulting, data analytics, and market research firm 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.

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