Press release
Agrivoltaic Market is Estimated to Reach USD 8.21 Billion by 2030: Cognitive Market Research
Agrivoltaic Market is Estimated to Reach USD 8.21 Billion by 2030: Cognitive Market Research
What is Agrivoltaic?
Agrivoltaics is a combination of photovoltaics and agriculture. The various synonyms for agrivoltaics include agri photovoltaics, agri pv, dual-use solar and agri solar. This is used for setting solar panels, livestock, grazing, and farming. The various benefits of agrivoltaics include improved water retaining capacity of the earth, rainwater harvesting and increased crop production, and increased soil moisture.
Summary:
• As per the study of CMR, The Global Agrivoltaic Market size was valued at USD 4.91 Billion in 2022 and is expected to grow at a CAGR Of 9.7 % during the forecast period, reaching USD 8.21 Billion by 2030.
• Based on the system design, the dynamic segment has the largest revenue share in the agrivoltaics market.
• Based on cell type, the monocrystalline segment has the major revenue share in the agrivoltaics market.
• Based on crop, the crops segment has the largest market share in the agrivoltaics market.
• North America has the largest revenue share in the agrivoltaics market.
To know more about The Agrivoltaic Market statistics click here: https://www.cognitivemarketresearch.com/agrivoltaic-market-report
Market Dynamics:
Agrivoltaic Market Drivers:
The improvements in farming techniques and investment from private and government players in the research & development activities is the key factor expected to drive the growth of the agrivoltaics market.
Agrivoltaic Market Opportunities:
Energy shifts are taking place worldwide to decrease carbon emissions is expected to create growth opportunities for the agrivoltaics market in the forecast period.
Agrivoltaic Market Restraints:
Increasing installation costs are anticipated to hamper the growth of the agrivoltaics market.
Market Segmentation:
System Design:
• Dynamic
• Fixed Solar Panels
Based on the system design, the dynamic segment has the largest revenue share in the agrivoltaics market. This is attributed to dynamic agrivoltaics systems dependent on the types such as weather requirements, crops, land, and others. In addition, the need and requirement for dynamic agrivoltaics to be adjusted or moved when needed are projected to boost the demand for this segment in the target market.
Cell Type:
• Polycrystalline
• Monocrystalline
Based on cell type, the monocrystalline segment has the major revenue share in the agrivoltaics market. This is due to monocrystalline solar panels advanced for solar power harnessing, constructed from single silicon solar cells crystal, exhibiting higher efficiency. This is likely to drive the demand for the monocrystalline segment in the target market.
Crop:
• Fruits
• Crops
• Vegetables
• Others
Based on crop, the crops segment has the largest market share in the agrivoltaics market. This is owing to the increasing essential impact on agriculture compared to other economic sectors, with situations at times dry and hot and others categorized by rapid hailstorms. In addition, the shield crops from more dehydration, sun, and hailstones by breaching their fall projected to drive the growth of this segment.
Competitive Analysis of Agrivoltaic Market: SunAgri, BayWa AG, Ombrea, Namaste Solar, Mirai Solar, Insolight SA, JA Solar Holdings Co. Ltd, Enel Green Power Spa, Next2Sun Technology GmbH, SunSeed APV Private Limited
Get free sample pages of the latest published Agrivoltaic Market Report: https://www.cognitivemarketresearch.com/agrivoltaic-market-report
Regional Analysis:
North America accounted for the largest share of the agrivoltaics market
North America has the largest revenue share in the agrivoltaics market. This is due to rising water issues in several regions, farmers looking for extra sources of income, and loss of biodiversity in the region anticipated to drive the demand for the agrivoltaics market in the region.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Agrivoltaic Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Agrivoltaic Market Segmentation
1.5.1 Agrivoltaic Market Regional Fragmentation
1.5.1 Agrivoltaic Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Agrivoltaic Market
• 3.1 Global Agrivoltaic Market Size 2018 - 2030, (USD Million)
• 3.2 Global Agrivoltaic Value, Absolute & Opportunity Analysis
• 3.3 Global Agrivoltaic Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Agrivoltaic Market Statistics 2022: Snapshot
Chapter 4 Global Agrivoltaic Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Agrivoltaic Market by System Design Segmentation Analysis (2018-2030)
Chapter 10 Global Agrivoltaic Market by Cell Type Segmentation Analysis (2018-2030)
Chapter 11 Global Agrivoltaic Market by Crop Segmentation Analysis (2018-2030)
Chapter 12 Global Agrivoltaic Market Regional Analysis
Chapter 13 North America Agrivoltaic Market Outlook (2018 - 2030)
Chapter 14 Europe Agrivoltaic Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Agrivoltaic Market Outlook (2018 - 2030)
Chapter 16 Latin America Agrivoltaic Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Agrivoltaic Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Agrivoltaic Market TOC click here: https://www.cognitivemarketresearch.com/agrivoltaic-market-report#table_of_contents
Related Report:
• Photovoltaic Glass Market- https://www.cognitivemarketresearch.com/photovoltaic-glass-market-report
• Solar Roofing Market- https://www.cognitivemarketresearch.com/solar-roofing-market-report
• Photovoltaic Market- https://www.cognitivemarketresearch.com/photovoltaic-market-report
• Photovoltaic Cable Market- https://www.cognitivemarketresearch.com/photovoltaic-cable-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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