Agrivoltaics Market By System Design (Fixed Solar Panles, Dynamic), By Cell Type (Monocrystalline, Polycrystalline), By Crop (Vegetables, Fruits, Crops, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

List of Tables

The global agrivoltaics market was valued at $3.6 billion in 2021 and is projected to reach $9.3 billion by 2031, growing at a CAGR of 10.1% from 2022 to 2031.

Agrivoltaics is the use of land for both agriculture and solar photovoltaic energy generation. This system looks at agriculture and solar energy production as compliments to the other instead of as competitors. By allowing working lands to stay working, the agrivoltaics system assists farms to diversify their income. Other benefits include energy resilience and a reduced carbon footprint. The crops under the solar panel release water vapors that cool the panels from downwards. Similarly, panels prevent crops from scorching heat and reduce temperature which helps crops maintain their water level and keep the soil moist. This is especially beneficial for crops and vegetables that require cool weather for growth. The solar panels generate power which also generates a second income for the landowner. It is a win-win situation for both sectors.

The market growth is augmented by a rise in awareness for the application and adoption of agrivoltaics. It is also supported by a surge in innovative farming techniques, reduced availability of land and water resources forcing to look for optimal solutions, and an increase in investments and subsidies from the government. However, the high initial installation costs and belief in traditional farming techniques act as restraining factors for market growth. The agrivoltaics market size is segmented into system design, cell type, crop, and region. By system design, the agrivoltaics market is bifurcated into fixed solar panels and dynamic. Fixed solar panels are mounted panels on a roof, ground mount, or tracker system, and generate electricity by capturing the sun's rays. Inverters convert this power into usable energy. They are the easiest type of solar system to build and require very little material for any shape or size. By cell type, the market is divided into microcrystalline and polycrystalline. Polycrystalline solar panels are made from high-purity silicon. They are made of multiple fragments of silicon crystal that are fused. These types of solar panels have lower efficiency. Polycrystalline panels have a shorter life span. However, manufacturing polycrystalline panels create low waste in comparison to monocrystalline.

By crop, the market is categorized into vegetables, fruits, crops, and others. Vegetables are plants or parts of plants that are consumed as food by humans and animals. These are leafy greens, roots, stems, cruciferous, and others. These vegetables are grown according to the weather requirements. Different vegetables require different temperatures and soil conditions for growth. Temperatures, both high and low, affect growth, flowering, pollination, and the development of fruits. If the temperature is too high or too low, leafy crops may be forced to flower prematurely without producing the desired edible foliage. Region-wise, the agrivoltaics market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). German companies are also involved in agrivoltaics.

For instance, in March 2021, tracking systems supplier Ideematec, Inc. received a supply order for customized tracking systems for 100 MW of agrivoltaics projects in France. In June 2022 it was reported that Italy's Ministry of Ecological Transition published the "guidelines for the design, construction, and operation of agrivoltaics plants." The purpose of the guidelines is to clarify the minimum characteristics and requirements a photovoltaic system must have to be considered agrivoltaics. The guidelines open up incentives (yet to be determined) for agrivoltaics. The French government is encouraging the development of large-scale agrivoltaics through competitive contracts.
The key players operating in the agrivoltaics industry are: Next2Sun, Sun'Agri, Ombrea, Namaste Solar, Mirai Solar, SunSeed APV, Enel Green Power S.p.A., JA SOLAR Technology Co., Ltd., BayWa AG, and Insolight SA. Ombrea is engaged in the production and management of agrivoltaics solutions. It designs shade house systems for application in agriculture. It offers its solution of solar modules for the residential as well as the agriculture sector. It aids its customer through a smart shade system based on weather patterns. SunSeed APV Private Limited is engaged in consulting, project planning, and management services from design to execution of agrivoltaics. It offers detailed light/radiation studies, elevated mounting structures, irrigation, water management, and agri-strategies, for the solar and agriculture sector.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter's five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. Porter's five forces analysis of the agrivoltaics market considers both micro-and macro-business environment factors influencing the market. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the agrivoltaics market analysis from 2021 to 2031 to identify the prevailing agrivoltaics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the agrivoltaics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes an analysis of the regional as well as global agrivoltaics market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By System Design

Fixed Solar Panles
Dynamic

By Cell Type

Monocrystalline
Polycrystalline

By Crop

Vegetables
Fruits
Crops
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA

Key Market Players

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

Product Code: A47446

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Advancements in farming techniques
  - 3.4.1.2. Investment from government and private players boosting research and development
  - 3.4.1.3. Dual Income source
- 3.4.2. Restraints
  - 3.4.2.1. High installation costs
  - 3.4.2.2. Resistance to accepting changes in traditional farming techniques
  - 3.4.2.3. Design constraints and approval delays
- 3.4.3. Opportunities
  - 3.4.3.1. Increased investment by private players
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Patent Landscape
3.8. Regulatory Guidelines
3.9. Value Chain Analysis

CHAPTER 4: AGRIVOLTAICS MARKET, BY SYSTEM DESIGN

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Fixed Solar Panles
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Dynamic
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: AGRIVOLTAICS MARKET, BY CELL TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Monocrystalline
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Polycrystalline
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: AGRIVOLTAICS MARKET, BY CROP

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Vegetables
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Fruits
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Crops
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country

CHAPTER 7: AGRIVOLTAICS MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by System Design
- 7.2.3. Market size and forecast, by Cell Type
- 7.2.4. Market size and forecast, by Crop
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by System Design
  - 7.2.5.1.3. Market size and forecast, by Cell Type
  - 7.2.5.1.4. Market size and forecast, by Crop
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by System Design
  - 7.2.5.2.3. Market size and forecast, by Cell Type
  - 7.2.5.2.4. Market size and forecast, by Crop
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by System Design
  - 7.2.5.3.3. Market size and forecast, by Cell Type
  - 7.2.5.3.4. Market size and forecast, by Crop
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by System Design
- 7.3.3. Market size and forecast, by Cell Type
- 7.3.4. Market size and forecast, by Crop
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. Germany
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by System Design
  - 7.3.5.1.3. Market size and forecast, by Cell Type
  - 7.3.5.1.4. Market size and forecast, by Crop
  - 7.3.5.2. UK
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by System Design
  - 7.3.5.2.3. Market size and forecast, by Cell Type
  - 7.3.5.2.4. Market size and forecast, by Crop
  - 7.3.5.3. France
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by System Design
  - 7.3.5.3.3. Market size and forecast, by Cell Type
  - 7.3.5.3.4. Market size and forecast, by Crop
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by System Design
  - 7.3.5.4.3. Market size and forecast, by Cell Type
  - 7.3.5.4.4. Market size and forecast, by Crop
  - 7.3.5.5. Spain
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by System Design
  - 7.3.5.5.3. Market size and forecast, by Cell Type
  - 7.3.5.5.4. Market size and forecast, by Crop
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Key market trends, growth factors and opportunities
  - 7.3.5.6.2. Market size and forecast, by System Design
  - 7.3.5.6.3. Market size and forecast, by Cell Type
  - 7.3.5.6.4. Market size and forecast, by Crop
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by System Design
- 7.4.3. Market size and forecast, by Cell Type
- 7.4.4. Market size and forecast, by Crop
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by System Design
  - 7.4.5.1.3. Market size and forecast, by Cell Type
  - 7.4.5.1.4. Market size and forecast, by Crop
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by System Design
  - 7.4.5.2.3. Market size and forecast, by Cell Type
  - 7.4.5.2.4. Market size and forecast, by Crop
  - 7.4.5.3. India
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by System Design
  - 7.4.5.3.3. Market size and forecast, by Cell Type
  - 7.4.5.3.4. Market size and forecast, by Crop
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by System Design
  - 7.4.5.4.3. Market size and forecast, by Cell Type
  - 7.4.5.4.4. Market size and forecast, by Crop
  - 7.4.5.5. Australia
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by System Design
  - 7.4.5.5.3. Market size and forecast, by Cell Type
  - 7.4.5.5.4. Market size and forecast, by Crop
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Key market trends, growth factors and opportunities
  - 7.4.5.6.2. Market size and forecast, by System Design
  - 7.4.5.6.3. Market size and forecast, by Cell Type
  - 7.4.5.6.4. Market size and forecast, by Crop
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by System Design
- 7.5.3. Market size and forecast, by Cell Type
- 7.5.4. Market size and forecast, by Crop
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Brazil
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by System Design
  - 7.5.5.1.3. Market size and forecast, by Cell Type
  - 7.5.5.1.4. Market size and forecast, by Crop
  - 7.5.5.2. South Africa
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by System Design
  - 7.5.5.2.3. Market size and forecast, by Cell Type
  - 7.5.5.2.4. Market size and forecast, by Crop
  - 7.5.5.3. Saudi Arabia
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by System Design
  - 7.5.5.3.3. Market size and forecast, by Cell Type
  - 7.5.5.3.4. Market size and forecast, by Crop
  - 7.5.5.4. Rest of LAMEA
  - 7.5.5.4.1. Key market trends, growth factors and opportunities
  - 7.5.5.4.2. Market size and forecast, by System Design
  - 7.5.5.4.3. Market size and forecast, by Cell Type
  - 7.5.5.4.4. Market size and forecast, by Crop

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES

9.1. Next2Sun Technology GmbH
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
9.2. SunAgri
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
9.3. Ombrea
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
9.4. Namaste Solar
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
9.5. Mirai Solar
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
9.6. SunSeed APV Private Limited
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
9.7. Enel Green Power Spa
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
9.8. JA Solar Holdings Co. Ltd.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
9.9. BayWa AG
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
9.10. Insolight SA
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio