Agrivoltaic Market Report: Trends, Forecast and Competitive Analysis to 2030

Agrivoltaic Trends and Forecast

The future of the global agrivoltaic market looks promising with opportunities in the microcrystalline and polycrystalline markets. The global agrivoltaic market is expected to reach an estimated $7.99 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are progress in agricultural methodologies and increasing governmental investment in research and development activities.

A more than 150-page report is developed to help in your business decisions.

Agrivoltaic by Segment

The study includes a forecast for the global agrivoltaic by system design, cell type, crop, and region.

Agrivoltaic Market by System Design [Shipment Analysis by Value from 2018 to 2030]:

• Fixed Solar Panels
• Dynamic

Agrivoltaic Market by Cell Type [Shipment Analysis by Value from 2018 to 2030]:

• Monocrystalline
• Polycrystalline

Agrivoltaic Market by Crop [Shipment Analysis by Value from 2018 to 2030]:

• Vegetables
• Fruits
• Crops
• Others

Agrivoltaic Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Agrivoltaic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies agrivoltaic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the agrivoltaic companies profiled in this report include-

• Next2Sun Technology
• SunAgri
• BayWa
• Enel Green Power
• Insolight

Agrivoltaic Market Insights

Lucintel forecasts that dynamic will remain the larger segment over the forecast period due to its tailored designs, which is based on factors, such as crop type, soil conditions, weather requirements, and other relevant considerations.

Within this market, microcrystalline will remain the larger segment because they are durable with a high power output.

North America will remain the largest region over the forecast period due to growing concerns related to water scarcity.

Features of the Global Agrivoltaic Market

Market Size Estimates: Agrivoltaic market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Agrivoltaic market size by system design, cell type, crop, and region in terms of value ($B).

Regional Analysis: Agrivoltaic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different system designs, cell types, crops, and regions for the agrivoltaic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the agrivoltaic market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the agrivoltaic market size?

Answer: The global agrivoltaic market is expected to reach an estimated $7.99 billion by 2030.

Q2. What is the growth forecast for agrivoltaic market?

Answer: The global agrivoltaic market is expected to grow with a CAGR of 11.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the agrivoltaic market?

Answer: The major drivers for this market are progress in agricultural methodologies and increasing governmental investment in research and development activities.

Q4. What are the major segments for agrivoltaic market?

Answer: The future of the agrivoltaic market looks promising with opportunities in the microcrystalline and polycrystalline markets.

Q5. Who are the key agrivoltaic market companies?

Answer: Some of the key agrivoltaic companies are as follows.

• Next2Sun Technology
• SunAgri
• BayWa
• Enel Green Power
• Insolight

Q6. Which agrivoltaic market segment will be the largest in future?

Answer: Lucintel forecasts that dynamic will remain the larger segment over the forecast period due to its tailored designs, which is based on factors, such as crop type, soil conditions, weather requirements, and other relevant considerations.

Q7. In agrivoltaic market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to growing concerns related to water scarcity.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the agrivoltaic market by system design (fixed solar panels and dynamic), cell type (monocrystalline and polycrystalline), crop (vegetables, fruits, crops, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?