Agrivoltaic Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMEP21639

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Published on

January 2022

Total pages

212

Table of Content

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About the Report

About the Report

Surging population across the globe, limited availability of land for cultivation coupled with rising energy demand are proliferating the market size of agrivoltaic. In addition, growing population resulted in rising the need to nearly double the current food production to meet that future demand. Therefore, agrivoltaic system promises to improve food production and reduce water use, while also creating energy and additional revenue. Hence, market demand for agrivoltaic is expected to increase at proliferating rate in the forecasted period as it helps to meet the future demand by growing more food, and using less water, while also creating sustainable energy at the same time.

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.

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 help 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 agrivoltaic 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.

For a better understanding of the market adoption of agrivoltaics, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, 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 include 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.

Products


Companies

Agrivoltaic solution LLC, Sun Agri, REM TEC, Enel Green Power, Boralex, Fraunhofer ISE, Solar Power Europe, Mackin Energy, Sunrise Power, Suntech

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Agrivoltaic Market

2.2. Research Methodology of the Agrivoltaic Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Agrivoltaic Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL AGRIVOLTAIC MARKET COVID-19 IMPACT

6 GLOBAL AGRIVOLTAIC MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY SYSTEM DESIGN

7.1. Fixed Solar Panels Over Crops

7.2. Dynamic Agrivoltaic

8 MARKET INSIGHTS BY CROP TYPE

8.1. Leafy Greens

8.1.1. Lettuce

8.1.2. Spinach

8.2. Root Crops

8.2.1. Potatoes

8.2.2. Radishes

8.2.3. Beets

8.2.4. Carrots

8.3. Fruits

9 MARKET INSIGHTS BY REGION

9.1. North America Agrivoltaic Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Agrivoltaic Market

9.2.1. Germany

9.2.2. France

9.2.3. Spain

9.2.4. Italy

9.2.5. United Kingdom

9.2.6. Rest of Europe

9.3. Asia Pacific Agrivoltaic Market

9.3.1. China

9.3.2. India

9.3.3. Australia

9.3.4. Japan

9.3.5. Rest of Asia Pacific

9.4. Rest of the World Agrivoltaic Market

10 AGRIVOLTAIC MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 AGRIVOLTAIC MARKET OPPORTUNITIES

12 AGRIVOLTAIC MARKET TRENDS

13 DEMAND AND SUPPLY SIDE ANALYSIS

13.1. Demand Side Analysis

13.2. Supply Side Analysis

13.2.1. Top Product Launches

13.2.2. Top Business Partnerships

13.2.3. Top Business Expansions, Investments and Divestitures

13.2.4. Top Merger and Acquisitions

14 VALUE CHAIN ANALYSIS

15 COMPETITIVE SCENARIO

15.1. Competitive Landscape

15.1.1. Porter Five Force Analysis

15.1.1.1 Bargaining Power of Buyer

15.1.1.2 Bargaining Power of Supplier

15.1.1.3 Intensity of Rivalry

15.1.1.4 Threat of New Entrant

15.1.1.5 Threat of New Substitute

16 COMPANY PROFILED

16.1. Agrivoltaic Solution LLC

16.2. Sun Agri

16.3. REM TEC

16.4. Enel Green Power

16.5. Boralex

16.6. Fraunhofer ISE

16.7. Solar Power Europe

16.8. Mackin Energy

16.9. Sunrise Power

16.10. Suntech

17 DISCLAIMER

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