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Agrivoltaics Market to Hit USD 7.96 Bn by 2029: Competitive Landscape, Industry Analysis, New Opportunities, Dynamics and Regional Insights

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Agrivoltaics Market to Hit USD 7.96 Bn by 2029: Competitive Landscape, Industry Analysis, New Opportunities, Dynamics and Regional Insights

April 21
21:55 2023
Agrivoltaics Market to Hit USD 7.96 Bn by 2029: Competitive Landscape, Industry Analysis, New Opportunities, Dynamics and Regional Insights
Agrivoltaics Market
Global Agrivoltaics Market size reached USD 3.66 Bn in 2022 and is expected to reach USD 7.96 Bn by 2029, growing at a CAGR of 10.2 % during the forecast period.

Pune 21 April 2023: The report expects the Agrivoltaics Market to grow from USD 3.66 Bn in 2022 to USD 7.96 Bn by 2029 at a CAGR of 10.2 percent over the forecast period. The Agrivoltaics Market report is delivered by Maximize Market Research and is available in the market.                  

Agrivoltaics Market Report Scope and Research Methodology

The report offers the Agrivoltaics market share and rival sector, as well as an analysis of the major vendors and leading regions. The Agrivoltaics report provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. The report also provides the Agrivoltaics market’s present size, growth rates, and company profiles of the top players and producers. The bottom-up approach was used to estimate the Agrivoltaics market size. The Agrivoltaics market revenue is determined by the primary and secondary data collection methods. 

A thorough analysis of the regional environment is included, along with information on the potential, important growth indicators, geographical challenges, and threats facing the Agrivoltaics market. The segment-wise analysis is divided into System Design, Cell Type and Crop. The following details are provided: a description of the company, its primary operations, total earnings and sales, revenue generated in the Agrivoltaics market, the entry date into the Agrivoltaics market, recent developments, and other details. The qualitative and quantitative methods are included in the report. Research using SWOT, PESTLE, and Porter’s Five Force tools are used for the analysis of the Agrivoltaics market.  The analysis identified key upcoming developments that are expected to influence Agrivoltaics market demand during the forecast period.

Agrivoltaics Market Dynamics 

Agrivoltaics offers a unique and sustainable solution for the generation of solar power and provides several benefits for agriculture such as improved crop yields, decreased soil erosion and reduced water consumption. The increase in the use of solar energy is the more popular form of renewable energy and increasing demand for renewable energy drives the Agrivoltaics Market.

The Agrivoltaics Market is driven by the increasing advancements in food production, the increasing investment from government and private players in Agrivoltaics, and technological advancements in farming techniques. The increasing demand for healthcare facilities among the population in developing countries is expected to be a lucrative opportunity for the growth of the market, during the forecast period.

The growth of the market is expected to be restrained by the high installation costs of Agrivoltaics, over the forecast period. 

Get a Sample Copy of the Report: 

Agrivoltaics Market Regional Insights

In 2021, Europe dominated the Agrivoltaics Market with the largest market share and is expected to continue its dominance over the forecast period. The regional market is driven by the implementation in policies and incentives, increasing government expenditure on the development of the Agrivoltaics, growing adoption of the solar power panels on the agriculture lands. 

North America held the second largest position for the market and is expected to grow at a significant CAGR for the market. The increasing demand for renewable energy and sustainable agriculture practices and presence of cutting-edge agricultural gear and equipment and rising government incentives and funding programs are the expected influencing factors for the regional market. 

Agrivoltaics Market Segmentation

By System Design

  • Fixed Solar Panles
  • Dynamic


By Cell Type

  • Monocrystalline
  • Polycrystalline


By Crop

  • Vegetables
  • Fruits
  • Crops
  • Others


Agrivoltaics Market Key Players include:

  • DualSun
  • SunPower Corporation
  • Trina Solar
  • Suntech
  • Huawei Technologies Co., Ltd
  • Enel Green Power
  • Voltalia
  • Ecovoltaics
  • Sunseap Group
  • Soltec
  • Agrivoltaic Solutions LLC
  • JA Solar
  • Sun’ Agri
  • Solar Window
  • Akuo Energy
  • BayWa r.e.
  • Insolight
  • REM Tec
  • Zimmermen
  • Next2Sun
  • Others


Table of for Global Agrivoltaics Market:

  • Global Agrivoltaics Market: Research Methodology


  • Global Agrivoltaics Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to the Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry


  • Global Agrivoltaics Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact


  • Global Agrivoltaics Market Segmentation
  • Global Market, by System Design (2022-2029)
  • Global Market, by Cell Type (2022-2029)
  • Global Market, by Crop (2022-2029)


  • Regional Global Agrivoltaics Market(2022-2029)
  • Regional Market, by System Design (2022-2029)
  • Regional Market, by Cell Type (2022-2029)
  • Regional Market, by Crop (2022-2029)
  • Regional Market, by Country (2022-2029)


  • Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments


Get the Sample PDF of Report: 

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis of the System Design, Cell Type, Crop and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region


Key questions answered in the Agrivoltaics Market are:

  • What is Agrivoltaics?
  • What was the Agrivoltaics market size in 2022?
  • What is the expected Agrivoltaics market size by 2029?
  • What is the growth rate of the Agrivoltaics Market?
  • Which are the factors expected to drive the Agrivoltaics market growth?
  • What are the different segments of the Agrivoltaics Market?
  • What are the factors restraining the growth of the Agrivoltaics Market?
  • What is the demand pattern of the Agrivoltaics Market?
  • What are the major challenges that the Agrivoltaics Market could face in the future? 
  • What segments are covered in the Agrivoltaics Market?
  • What are the upcoming industry applications and trends for the Agrivoltaics Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for Agrivoltaics Market? 


Maximize Market Research Energy & Power research firm, has also published the following reports:

Alternative Energy MarketThe market size is expected to reach USD 1847.19 Bn by 2029 at a CAGR of 11.85 percent during the forecast period. The market is driven by rising government initiatives for clean energy sources and increasing shortage of fossil fuel and its adverse effects on human health and the ecosystem

Solar Energy Market: The market size is expected to reach USD 419.52 Bn by 2029 at a CAGR of 23.1 percent during the forecast period. The market is driven by rising investments in the solar energy sector and favorable government policies.


About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


Contact Maximize Market Research:

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Pune, Maharashtra 411041, India

[email protected] 

+91 96071 95908, +91 9607365656

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