As per current published report by Markntel Advisors the Agrivoltaics Market is estimated to grow at a CAGR of around 38% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Global Agrivoltaics Market Driver:
Rising Water Scarcity Concerns and Rapid Climate Change to Drive the Market – With the rapidly growing population worldwide, global food production is expected to increase astronomically in the future. Moreover, with swift climate changes, if people continue to use water in the same way for agriculture purposes, there will not be enough water to meet the increasing food requirements in the future. Therefore, rising water scarcity is one of the crucial challenges that could hinder the growing demand for food production. As a result, there is an extreme need for an effective solution like Agrivoltaics that could help meet the desired food demand by overcoming the challenge of water scarcity.
The Agrivoltaics Market has segmented the market into the following categories:
By Placement
(Standalone, Shading Nets, Greenhouse, Others),
By Material Type
(Panels, Paints),
By Cell Type
(Monocrystalline, Polycrystalline),
By Crop Collaboration
(Vegetables, Fruits, Crops, Others),
By Type of Agrivoltaic Plant
(Overhead Tilted, Interspace, Hybrid),
By Type of Solar Panel
(Opaque, Semi-Transparent, Transparent),
By Power Output
(Up to 10 MWp, 10.1 to 50 MWp, More than 50 MWp)
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By Region
– North America
– South America
– Europe
– Middle East & Africa
– Asia-Pacific
Competitive Environment Featuring Key Players:
Enel Green Power, JS Power, Sun’ Agri, Solar Window, BayWa r.e., Insolight, REM Tec, Zimmermen, Next2Sun
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-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter’s Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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