Agrivoltaics Market 2024-2028
The agrivoltaics market is forecasted to grow by USD 1994.5 mn during 2023-2028, accelerating at a CAGR of 10.7% during the forecast period. The report on the agrivoltaics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by benefits of agrivoltaics, high demand from developing nations, and declining cost of solar power generation.
Technavio's agrivoltaics market is segmented as below:
- By Type
- Fixed panel
- Dynamic panel
- By Application
- Outdoor farming
- Indoor farming
- Others
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the rising opportunities for agrivoltaics energy projects as one of the prime reasons driving the agrivoltaics market growth during the next few years. Also, incentives for agrivoltaics and increasing focus on sustainable agriculture will lead to sizable demand in the market.
The report on the agrivoltaics market covers the following areas:
- Agrivoltaics Market sizing
- Agrivoltaics Market forecast
- Agrivoltaics Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading agrivoltaics market vendors that include BayWa r.e. AG, Enel SPA, Insolight, Jacks Solar Garden, JinkoSolar Holding Co. Ltd., Mackin Energy Japan Co. Ltd., Mirai Solar, Next2Sun, Ombrea SAS, REM TEC srl, sandbox solar llc, SunAgri, Svea Solar, Tse Energy Ltd, and ZIMMERMANN PV-Agri. Also, the agrivoltaics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.