Agrivoltaics Market: The Future of Farming Meets Renewable Energy By 2032 | Most Leading Companies - Next2Sun Technology GmbH, SunAgri, Ombrea, Namaste Solar, Mirai Solar, SunSeed APV Private Limited

Global Agrivoltaics Market reached US$ 4.32 billion in 2024 and is expected to reach US$ 8.41 billion by 2032, growing with a CAGR of 8.68% during the forecast period 2025-2032.

Agrivoltaics Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Agrivoltaics refers to the simultaneous use of land for both solar energy generation and agriculture. It optimizes land use by allowing crops to grow beneath or between solar panels, promoting food and energy production together.

List of the Key Players in the Agrivoltaics Market:

Next2Sun Technology GmbH, SunAgri, Ombrea, Namaste Solar, Mirai Solar, SunSeed APV Private Limited, Enel Green Power Spa, JA Solar Holdings Co. Ltd., BayWa AG and Insolight SA.

Industry Development:

In December 2023, Turkey launched a research initiative on agrivoltaics to study agricultural products and production techniques. As part of this effort, researchers developed specialized solar tracking devices tailored to crops grown under agrivoltaic systems.

In October 2023, the National Solar Energy Federation of India (NSEFI) established the Agrivoltaics Alliance in Delhi. This initiative aims to streamline crop cultivation, enhance quality by reducing diseased produce, lower production costs, and optimize the use of natural sunlight.

In December 2022, the U.S. Department of Energy allocated $8 million to six agrivoltaics research projects across six states and the District of Columbia through the Foundational Agrivoltaics Research for Megawatt Scale (FARMS) program.

Research Process:

Both primary and secondary data sources have been used in the global Agrivoltaics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Agrivoltaics Market:

By System Design: Fixed, Dynamic, Others

By Cell Type: Monocrystalline, Polycrystalline

By Crop: Vegetables, Fruits, Crops, Others

By Solar Technology: Photovoltaic (PV) Panels, Concentrated Photovoltaics (CPV)

Regional Analysis for Agrivoltaics Market:

The regional analysis of the Agrivoltaics Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Agrivoltaics market?

➠ Who are the leading manufacturers in the global Agrivoltaics industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Agrivoltaics industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Agrivoltaics market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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