The Asia-Pacific Agrivoltaic market is projected to grow at a CAGR of around 35% during the forecast period, i.e., 2023-28.
Key Findings of the Study: Asia-Pacific Agrivoltaic Market
Asia-Pacific Agrivoltaic Market Key Trend: Rising Collaboration Between Energy Companies
Agrivoltaics has been at the center of demand in the countries like China, South Korea, India, Japan, and other countries in the region. With the growing awareness among consumers, the technology providers have taken initiatives to collaborate with energy companies to boost market growth. As the strategic placement of solar panels above the crop growing area has the potential to offer positive outcomes in agriculture & helps to regulate the sunlight required by each plant so that they get sufficient sunlight for their maximum growth using minimum water.
Furthermore, the growing demand for clean energy sources & food contributed to the market growth. Hence, the adoption of agrivoltaics is an opportunity for farmers to generate extra income by selling solar power produced on their land to the power grids. In addition, the collaboration activities being done by the manufacturers would help to ensure sustainable farming practices.
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Scope of the Report and Asia-Pacific Agrivoltaic Market Segmentation
By Placement
-Standalone
-Shading Nets
-Greenhouse
-Others (Solar Fence, Solar Windows, etc.)
By Material Type
-Panels
-Paints
- Panels have been the highlight of the market. The solar panel has been a popular source of renewable energy in Asia-Pacific countries like China, India, Malaysia, etc., where the majority share has been captured by solar panels over the past few years.
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
-10.1 to 50 MWp
-More than 50 MWp
Top leading companies in the Asia-Pacific Agrivoltaic Market includes:
Enel Green Power, JS Power, Sun' Agri, Solar Window, BayWa r.e., Akira Nagashima, REM Tec, SolarFarm. Ltd., Next2Sun, Others
For more detailed information about the Asia-Pacific Agrivoltaic market report, click here – https://www.marknteladvisors.com/research-library/apac-agrivoltaic-market.html
Geographical analysis:
China
India
South Korea
Japan
Australia
Southeast Asia
Rest of Asia-Pacific
- Of all the countries across the region, China held a dominant position in the Asia-Pacific Agrivoltaics market during 2018-2022. China is one of the largest producers & consumers of food crops globally.
Note: If you require specific information not covered in the current report, we can provide it through customized option
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