Agrivoltaics Market Size 2024-2028
The agrivoltaics market size is forecast to increase by USD 1.99 billion at a CAGR of 10.7% between 2023 and 2028. Agrivoltaics, the integration of agriculture and photovoltaics, is gaining traction as a sustainable solution for energy production and farming. This approach allows for the co-location of solar panels and agricultural production, maximizing land use efficiency. Dynamic agrivoltaics, a system that adjusts solar panel angles to optimize solar energy capture and plant growth, is particularly promising. Microcrystalline, polycrystalline, and monocrystalline solar panels (solar panels market) are commonly used in agrivoltaics projects. Vegetables and fruits are popular crops grown under these systems due to their compatibility with the intermittent nature of solar power. The energy transition and the need for sustainable farming practices are driving the growth of the market. Additionally, the integration of agrivoltaics with grazing livestock can enhance biodiversity and improve overall farm productivity. However, the market for agrivoltaics is still in its infancy, with limited commercial reach. Despite this, the benefits of this innovative approach to energy production and agriculture are compelling, making it an area of significant potential for future growth. The integration of agrivoltaics into farming operations can lead to reduced greenhouse gas emissions, increased energy independence, and improved agricultural yields. As the world continues to seek sustainable solutions for energy production and food production, agrivoltaics is poised to play an increasingly important role.
In conclusion, the market is experiencing steady growth due to its ability to provide sustainable energy and agricultural solutions. The integration of dynamic agrivoltaics systems, such as those that adjust solar panel angles for optimal energy capture and plant growth, is particularly promising. Vegetables, fruits, and even grazing livestock can thrive under these systems, making agrivoltaics an attractive option for farmers and energy producers alike. While the market still faces challenges related to commercialization, the long-term benefits of this innovative approach make it a worthwhile investment for those seeking to contribute to the energy transition and sustainable farming practices.
What will be the Size of the Market During the Forecast Period?
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
5 Historic Market Size
- 5.1 Global Agrivoltaics Market 2018 - 2022
- Historic Market Size - Data Table on Global Agrivoltaics Market 2018 - 2022 ($ million)
- 5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 5.3 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
- 5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI in the Global Agrivoltaics Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Fixed panel - Market size and forecast 2023-2028
- Chart on Fixed panel - Market size and forecast 2023-2028 ($ million)
- Data Table on Fixed panel - Market size and forecast 2023-2028 ($ million)
- Chart on Fixed panel - Year-over-year growth 2023-2028 (%)
- Data Table on Fixed panel - Year-over-year growth 2023-2028 (%)
- 8.4 Dynamic panel - Market size and forecast 2023-2028
- Chart on Dynamic panel - Market size and forecast 2023-2028 ($ million)
- Data Table on Dynamic panel - Market size and forecast 2023-2028 ($ million)
- Chart on Dynamic panel - Year-over-year growth 2023-2028 (%)
- Data Table on Dynamic panel - Year-over-year growth 2023-2028 (%)
- 8.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by Application
- 9.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
- 9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 9.3 Outdoor farming - Market size and forecast 2023-2028
- Chart on Outdoor farming - Market size and forecast 2023-2028 ($ million)
- Data Table on Outdoor farming - Market size and forecast 2023-2028 ($ million)
- Chart on Outdoor farming - Year-over-year growth 2023-2028 (%)
- Data Table on Outdoor farming - Year-over-year growth 2023-2028 (%)
- 9.4 Indoor farming - Market size and forecast 2023-2028
- Chart on Indoor farming - Market size and forecast 2023-2028 ($ million)
- Data Table on Indoor farming - Market size and forecast 2023-2028 ($ million)
- Chart on Indoor farming - Year-over-year growth 2023-2028 (%)
- Data Table on Indoor farming - Year-over-year growth 2023-2028 (%)
- 9.5 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 9.6 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 11.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 11.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 11.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 11.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 11.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 11.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 11.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 11.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 11.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 11.13 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 11.14 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 11.15 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 11.16 Brazil - Market size and forecast 2023-2028
- Chart on Brazil - Market size and forecast 2023-2028 ($ million)
- Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
- Chart on Brazil - Year-over-year growth 2023-2028 (%)
- Data Table on Brazil - Year-over-year growth 2023-2028 (%)
- 11.17 Australia - Market size and forecast 2023-2028
- Chart on Australia - Market size and forecast 2023-2028 ($ million)
- Data Table on Australia - Market size and forecast 2023-2028 ($ million)
- Chart on Australia - Year-over-year growth 2023-2028 (%)
- Data Table on Australia - Year-over-year growth 2023-2028 (%)
- 11.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 BayWa r.e. AG
- BayWa r.e. AG - Overview
- BayWa r.e. AG - Product / Service
- BayWa r.e. AG - Key offerings
- SWOT
- 14.5 Enel SPA
- Enel SPA - Overview
- Enel SPA - Product / Service
- Enel SPA - Key offerings
- SWOT
- 14.6 Insolight
- Insolight - Overview
- Insolight - Product / Service
- Insolight - Key offerings
- SWOT
- 14.7 Jacks Solar Garden
- Jacks Solar Garden - Overview
- Jacks Solar Garden - Product / Service
- Jacks Solar Garden - Key offerings
- SWOT
- 14.8 JinkoSolar Holding Co. Ltd.
- JinkoSolar Holding Co. Ltd. - Overview
- JinkoSolar Holding Co. Ltd. - Product / Service
- JinkoSolar Holding Co. Ltd. - Key news
- JinkoSolar Holding Co. Ltd. - Key offerings
- SWOT
- 14.9 Mackin Energy Japan Co. Ltd.
- Mackin Energy Japan Co. Ltd. - Overview
- Mackin Energy Japan Co. Ltd. - Product / Service
- Mackin Energy Japan Co. Ltd. - Key offerings
- SWOT
- 14.10 Mirai Solar
- Mirai Solar - Overview
- Mirai Solar - Product / Service
- Mirai Solar - Key offerings
- SWOT
- 14.11 Next2Sun
- Next2Sun - Overview
- Next2Sun - Product / Service
- Next2Sun - Key offerings
- SWOT
- 14.12 Ombrea SAS
- Ombrea SAS - Overview
- Ombrea SAS - Product / Service
- Ombrea SAS - Key offerings
- SWOT
- 14.13 REM TEC srl
- REM TEC srl - Overview
- REM TEC srl - Product / Service
- REM TEC srl - Key offerings
- SWOT
- 14.14 sandbox solar llc
- sandbox solar llc - Overview
- sandbox solar llc - Product / Service
- sandbox solar llc - Key offerings
- SWOT
- 14.15 SunAgri
- SunAgri - Overview
- SunAgri - Product / Service
- SunAgri - Key offerings
- SWOT
- 14.16 Svea Solar
- Svea Solar - Overview
- Svea Solar - Product / Service
- Svea Solar - Key offerings
- SWOT
- 14.17 Tse Energy Ltd
- Tse Energy Ltd - Overview
- Tse Energy Ltd - Product / Service
- Tse Energy Ltd - Key offerings
- SWOT
- 14.18 ZIMMERMANN PV-Agri
- ZIMMERMANN PV-Agri - Overview
- ZIMMERMANN PV-Agri - Product / Service
- ZIMMERMANN PV-Agri - Key offerings
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations
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