The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Asia-Pacific Agrivoltaic Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Asia-Pacific Agrivoltaic Industry Analytical Overview (2023-2028): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Asia-Pacific Agrivoltaic market is projected to grow at a CAGR of around 35% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2028.
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What is Included in Asia-Pacific Agrivoltaic Market Segmentation?
The report has segmented the market into the following categories:
- By Placement
- Standalone
- Shading Nets
- Greenhouse
- Others (Solar Fence, Solar Windows, etc.)
- By Material Type
- Panels
- Paints
- By Cell Type
- Monocrystalline
- Polycrystalline
- By Crop Collaboration
- Vegetables
- Fruits
- Crops
- Others (Herbs, etc.)
- By Type of Agrivoltaic Plant
- Overhead Tilted
- Interspace
- Hybrid
- By Type of Solar Panel
- Opaque
- Semi Transparent
- Transparent
- By Power Output
- Upto 10 MWp
- 1 to 50 MWp
- More than 50 MWp
- By Countries
- China
- India
- South Korea
- Japan
- Australia
- Southeast Asia
- Rest of Asia-Pacific
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Key Factor Driver Asia-Pacific Agrivoltaic Industry Growth by 2028
Rising Water Scarcity Concerns & Rapid Climate Change - With the rapidly growing population of countries such as China, India, Pakistan, Indonesia etc., regional food production is expected to increase in the future. The rapid climate changes like rising temperature levels & reduced precipitation, coupled with mounting water scarcity concerns for agriculture sectors in the region, would surge the demand for agrivoltaics in future periods.
In addition, the shifting focus toward adopting this technology enables the effective use of sunlight for crop growth. Moreover, a grave effect of climate change has been faced by the farming sector in terms of either heavy rains or heat waves. Hence, the agrivoltaic industry offers several benefits in the agricultural sector & farmers' earnings from power generation & has positively influenced the overall market growth. For instance:
Who are the Key Players Operating in the Asia-Pacific Agrivoltaic Industry?
The top companies of the Asia-Pacific Agrivoltaic market ruling the industry are:
- Enel Green Power
- JS Power
- Sun' Agri
- Solar Window
- BayWa r.e.
- Akira Nagashima
- REM Tec
- SolarFarm. Ltd.
- Next2Sun
- Others
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FAQs (Frequently Ask Questions)
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