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Agrivoltaic Trends and Forecast
The future of the global agrivoltaic market looks promising with opportunities in the microcrystalline and polycrystalline markets. The global agrivoltaic market is expected to reach an estimated $7.99 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are progress in agricultural methodologies and increasing governmental investment in research and development activities.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Agrivoltaic by Segment
The study includes a forecast for the global agrivoltaic by system design, cell type, crop, and region.
Agrivoltaic Market by System Design [Shipment Analysis by Value from 2018 to 2030]:
• Fixed Solar Panels
• Dynamic
Agrivoltaic Market by Cell Type [Shipment Analysis by Value from 2018 to 2030]:
• Monocrystalline
• Polycrystalline
Agrivoltaic Market by Crop [Shipment Analysis by Value from 2018 to 2030]:
• Vegetables
• Fruits
• Crops
• Others
Agrivoltaic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Agrivoltaic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agrivoltaic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agrivoltaic companies profiled in this report include-
• Next2Sun Technology
• SunAgri
• BayWa
• Enel Green Power
• Insolight
Agrivoltaic Market Insights
Lucintel forecasts that dynamic will remain the larger segment over the forecast period due to its tailored designs, which is based on factors, such as crop type, soil conditions, weather requirements, and other relevant considerations.
Within this market, microcrystalline will remain the larger segment because they are durable with a high power output.
North America will remain the largest region over the forecast period due to growing concerns related to water scarcity.
Features of the Global Agrivoltaic Market
Market Size Estimates: Agrivoltaic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Agrivoltaic market size by system design, cell type, crop, and region in terms of value ($B).
Regional Analysis: Agrivoltaic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different system designs, cell types, crops, and regions for the agrivoltaic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the agrivoltaic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the agrivoltaic market size?
Answer: The global agrivoltaic market is expected to reach an estimated $7.99 billion by 2030.
Q2. What is the growth forecast for agrivoltaic market?
Answer: The global agrivoltaic market is expected to grow with a CAGR of 11.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the agrivoltaic market?
Answer: The major drivers for this market are progress in agricultural methodologies and increasing governmental investment in research and development activities.
Q4. What are the major segments for agrivoltaic market?
Answer: The future of the agrivoltaic market looks promising with opportunities in the microcrystalline and polycrystalline markets.
Q5. Who are the key agrivoltaic market companies?
Answer: Some of the key agrivoltaic companies are as follows:
• Next2Sun Technology
• SunAgri
• BayWa
• Enel Green Power
• Insolight
Q6. Which agrivoltaic market segment will be the largest in future?
Answer: Lucintel forecasts that dynamic will remain the larger segment over the forecast period due to its tailored designs, which is based on factors, such as crop type, soil conditions, weather requirements, and other relevant considerations.
Q7. In agrivoltaic market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to growing concerns related to water scarcity.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the agrivoltaic market by system design (fixed solar panels and dynamic), cell type (monocrystalline and polycrystalline), crop (vegetables, fruits, crops, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Agrivoltaic Market, Agrivoltaic Market Size, Agrivoltaic Market Growth, Agrivoltaic Market Analysis, Agrivoltaic Market Report, Agrivoltaic Market Share, Agrivoltaic Market Trends, Agrivoltaic Market Forecast, Agrivoltaic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Agrivoltaic Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Agrivoltaic Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Agrivoltaic Market by System Design
3.3.1: Fixed Solar Panels
3.3.2: Dynamic
3.4: Global Agrivoltaic Market by Cell Type
3.4.1: Monocrystalline
3.4.2: Polycrystalline
3.5: Global Agrivoltaic Market by Crop
3.5.1: Vegetables
3.5.2: Fruits
3.5.3: Crops
3.5.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Agrivoltaic Market by Region
4.2: North American Agrivoltaic Market
4.2.2: North American Agrivoltaic Market by Cell Type: Monocrystalline and Polycrystalline
4.3: European Agrivoltaic Market
4.3.1: European Agrivoltaic Market by System Design: Fixed Solar Panels and Dynamic
4.3.2: European Agrivoltaic Market by Cell Type: Monocrystalline and Polycrystalline
4.4: APAC Agrivoltaic Market
4.4.1: APAC Agrivoltaic Market by System Design: Fixed Solar Panels and Dynamic
4.4.2: APAC Agrivoltaic Market by Cell Type: Monocrystalline and Polycrystalline
4.5: ROW Agrivoltaic Market
4.5.1: ROW Agrivoltaic Market by System Design: Fixed Solar Panels and Dynamic
4.5.2: ROW Agrivoltaic Market by Cell Type: Monocrystalline and Polycrystalline
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Agrivoltaic Market by System Design
6.1.2: Growth Opportunities for the Global Agrivoltaic Market by Cell Type
6.1.3: Growth Opportunities for the Global Agrivoltaic Market by Crop
6.1.4: Growth Opportunities for the Global Agrivoltaic Market by Region
6.2: Emerging Trends in the Global Agrivoltaic Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Agrivoltaic Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Agrivoltaic Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Next2Sun Technology
7.2: SunAgri
7.3: BayWa
7.4: Enel Green Power
7.5: Insolight
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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