Global Agrivoltaic Market is expected to foresee significant growth. Europe to lead the growth!
- Vikas Kumar
- January 25, 2022
- ENERGY & POWER, NEWS
- Agrivoltaic market, Agrivoltaic market Growth, Agrivoltaic market News, Agrivoltaic market share, Agrivoltaic market size, Agrivoltaic market Trend
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Global Agrivoltaic market is expected to escalate in the coming years. It is mainly owing to factors such as surging population across the globe, limited availability of land for cultivation coupled with rising energy demand are proliferating the market size of agrivoltaic. Moreover, the ongoing humanity crises and climate change in near future require immediate planning to sustain the production of food and agrivoltaic solution helps in boosting the production of food, improves water savings and enhance the efficiency of electricity production which expected to escalate the market size of agrivoltaic market in the forecasted period.
For a detailed analysis of the Global Agrivoltaic Market browse through https://univdatos.com/report/agrivoltaic-market-current-analysis-and-forecast-2021-2027/
Agrivoltaics is co-developing the same area of land for solar energy as well as for agriculture. This new farming method combines solar electricity generation with traditional farming on a common agricultural land i.e. A renewable energy-based system like solar photovoltaic system and a cropland can be together developed on the same agricultural land. Factors that are positively influencing the demand for agrivoltaic such as the rising need for efficient farming tools to fight the effects of climate change, agrivoltaic dynamic system aims to provide mutual and balanced benefits between agriculture and energy production.
In addition, agrivoltaic system has a positive impact on crop yield, water consumption and product quality while providing additional energy production capacity. Also, in the context of scarcity, this system meets the main challenges
Based on system design, the agrivoltaic market is segmented into fixed solar panel over crops and dynamic agrivoltaic. The fixed solar panel over crops caters segment catered significant demand in agrivoltaic market. It is the most conventional systems install fixed solar panels on agricultural greenhouses, above open fields crops or between open fields crops. It also helps in optimizing the installation by modifying the density of solar panels or the inclination of the panels.
Based on crop types, the agrivoltaic market is classified into leafy greens, root crops, fruits. The leafy green segment holds the considerable market share. As agrivoltaics is suitable for those crops which require limited sunlight and crops such as lettuces, tomatoes, peppers, chard, kale, broccoli, and Brussels sprouts grow successfully under agrivoltaic technology.
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For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. Europe expected to hold significant market share in agrivoltaic predominantly due to shortage of agricultural land rising and agrivoltaic technology in European regions helping to boost food production and efficiency of the crop.
Some of the major players operating in the market Agrivoltaic solution LLC, Sun Agri, REM TEC, Enel Green Power, Boralex, Fraunhofer ISE, Solar Power Europe, Mackin Energy, Sunrise Power, Suntech. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
Global Agrivoltaic Market Segmentation
Market Insight, by System Design
• Fixed Solar Panels Over Crops
• Dynamic Agrivoltaic
- Leafy Greens
- Root Crops
Market Insight, by Region
- North America Agrivoltaic Market
- United States
- Rest of North America
- Europe Agrivoltaic Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Agrivoltaic Market
- Rest of Asia-Pacific
- Rest of World Agrivoltaic Market
Top Company Profiles
- Agrivoltaic solution LLC
- Sun Agri
- REM TEC
- Enel Green Power
- Fraunhofer ISE
- Solar Power Europe
- Mackin Energy
- Sunrise Power