Summary

Agrivoltaics Market Size, Share, and Analysis, By System Type (Dynamic Agrivoltaics Systems and Fixed Agrivoltaics Systems), By Crop (Fruits, Vegetables, Crops, and Others), By Technology (Photovoltaic (PV) Panels, Solar Thermal Systems, and Bifacial PV Panels), By Application (Crop Production, Agroforestry, and Livestock Grazing), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Agrivoltaics Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 3.8 billion and is projected to reach USD 10.6 billion by the completion of 2034.
Agrivoltaics, which is also known as solar farming, involves the integration of agriculture with solar panels to maximize the usage of lands. These systems are designed to enable the use of land for farming, raising livestock, and installing solar panels. This method improves agricultural output by decreasing water loss and possibly boosting crop yield. It helps in achieving sustainable energy objectives by generating clean power and conserving land that could have been used for solar farms or agriculture, thereby reducing the need for extra land. Besides, agrivoltaics allows farmers to expand their revenue streams and simultaneously reduce their carbon footprints to meet sustainability goals.

MARKET HIGHLIGHTS
Agrivoltaics market is expected to reach USD 10.6 billion during the forecast period, due to its dual benefits of boosting agricultural productivity and producing renewable energy. This dual use of agrivoltaics attracts farmers as well as energy providers, which leads to high adoption rates of agrivoltaics. In addition, developments in solar panel technology and farming methods have made agrivoltaics systems more efficient and convenient. Furthermore, the growth in the market is attributed to government policies and regulations that offer subsidies and tax relaxations to encourage businesses to invest in integrated systems. Besides, continuous innovation boosts growth by improving productivity and reducing costs.

Agrivoltaics Market Segments:

• By System Type
o Dynamic Agrivoltaics Systems
o Fixed Agrivoltaics Systems
• By Crop
o Fruits
o Vegetables
o Crops
o Others
• By Technology
o Photovoltaic (PV) Panels
o Solar Thermal Systems
o Bifacial PV Panels
• By Application
o Crop Production
o Agroforestry
o Livestock Grazing


MARKET DYNAMICS
Growth Drivers
Increase in Demand for Renewable Energy is Important to Boost the Adoption of Agrivoltaics
Improved Efficiency in Land Utilization Will Aid the Market
Restraint
High Installation Cost Can Limit the Growth of the Agrivoltaics Market

Key Players
• BayWa AG
• Insolight SA
• Namaste Solar
• JA Solar Holdings Co. Ltd.
• Ombrea
• Sun Agri
• Enel Green Power
• First Solar
• Trina Solar Limited
• Exelon Corporation
• ABB Ltd.
• Suzlon Energy Ltd.
• Wood Group
• AREVA
• Hanwha Q Cells
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Agrivoltaics Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Agrivoltaics Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Agrivoltaics Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview of world economy
4.3.Industry Ecosystem Channel Analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porter's Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Agrivoltaics Market
10.1.Overview
10.2. Historical Analysis (2018-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Agrivoltaics Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By System Type
11.3.1.1. Dynamic Agrivoltaics Systems
11.3.1.1.1.By Value (USD Million) 2024A-2034F
11.3.1.1.2. Market Share (%) 2024A-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024A-2034F
11.3.1.2.Fixed Agrivoltaics Systems
11.3.1.2.1. By Value (USD Million) 2024A-2034F
11.3.1.2.2.Market Share (%) 2024A-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024A-2034F
11.3.2. By Crop
11.3.2.1.Fruits
11.3.2.1.1. By Value (USD Million) 2024A-2034F
11.3.2.1.2.Market Share (%) 2024A-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024A-2034F
11.3.2.2. Vegetables
11.3.2.2.1.By Value (USD Million) 2024A-2034F
11.3.2.2.2. Market Share (%) 2024A-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2.3. Crops
11.3.2.3.1.By Value (USD Million) 2024A-2034F
11.3.2.3.2. Market Share (%) 2024A-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024A-2034F
11.3.2.4. Others
11.3.2.4.1.By Value (USD Million) 2024A-2034F
11.3.2.4.2. Market Share (%) 2024A-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024A-2034F
11.3.3.By Technology
11.3.3.1.Photovoltaic (PV) Panels
11.3.3.1.1. By Value (USD Million) 2024A-2034F
11.3.3.1.2.Market Share (%) 2024A-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024A-2034F
11.3.3.2. Solar Thermal Systems
11.3.3.2.1.By Value (USD Million) 2024A-2034F
11.3.3.2.2. Market Share (%) 2024A-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024A-2034F
11.3.3.3. Bifacial PV Panels
11.3.3.3.1.By Value (USD Million) 2024A-2034F
11.3.3.3.2. Market Share (%) 2024A-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.By Application
11.3.4.1.Crop Production
11.3.4.1.1. By Value (USD Million) 2024A-2034F
11.3.4.1.2.Market Share (%) 2024A-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024A-2034F
11.3.4.2. Agroforestry
11.3.4.2.1.By Value (USD Million) 2024A-2034F
11.3.4.2.2. Market Share (%) 2024A-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024A-2034F
11.3.4.3. Livestock Grazing
11.3.4.3.1.By Value (USD Million) 2024A-2034F
11.3.4.3.2. Market Share (%) 2024A-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024A-2034F
12.North America Agrivoltaics Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By System Type
12.3.2. By Crop
12.3.3. By Technology
12.3.4. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Agrivoltaics Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By System Type
13.3.2. By Crop
13.3.3. By Technology
13.3.4. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Agrivoltaics Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By System Type
14.3.2. By Crop
14.3.3. By Technology
14.3.4. By Application
14.4. Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Agrivoltaics Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By System Type
15.3.2. By Crop
15.3.3. By Technology
15.3.4. By Application
15.4.Country
15.4.1.Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Agrivoltaics Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By System Type
16.3.2. By Crop
16.3.3. By Technology
16.3.4. By Application
16.4. Country
16.4.1.Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. BayWa AG
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2.Key Clients
18.1.4.3.Market Share
18.1.4.4.Recent News & Development (Last 3 Yrs.)
18.2. Insolight SA
18.3. Namaste Solar
18.4. JA Solar Holdings Co. Ltd.
18.5. Ombrea
18.6. Sun Agri
18.7. Enel Green Power
18.8. First Solar
18.9. Trina Solar Limited
18.10.Exelon Corporation
18.11.ABB Ltd.
18.12. Suzlon Energy Ltd.
18.13. Wood Group
18.14.AREVA
18.15. Hanwha Q Cells
18.16. Other Prominent Players
19. Appendix
20.Consultant Recommendation