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Agrivoltaic Market Share

Report ID: GMI7945
Published Date: Jan 2024
Report Format: PDF

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Agrivoltaic Market Share

Strategic partnerships foster knowledge exchange, drive technological advancements, and promote the widespread adoption of agrivoltaic systems. Larger corporations entering into mergers or acquiring agrivoltaic startups can provide significant financial resources for scaling up projects. This contributes to market expansion by allowing for increased investments in research, development, and the deployment of agrivoltaic installations.

Agrivoltaic Market Companies

Eminent players operating in the agrivoltaic industry are:

Agrivoltaic Solution LLC
Cero Generation Limited
Sun’Agr
iSun, Inc.
REM TEC
Enel Spa
Trina Solar
Jink Solar
VALOREM
SunPower Corporation
Next2Sun
Solaria
Waaree Energies Ltd.
Insolight
Vattenfall AB
Chint New Energy Technology Co., Ltd.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of agrivoltaic was worth USD 5.5 billion in 2023 and is expected to exceed USD 10 billion by 2032, owing to the growing awareness and acceptance of agrivoltaics as a sustainable land-use solution worldwide.

The fixed system design segment is expected to register over 5% CAGR from 2024 to 2032, owing to the rising need for stable and predictable solar energy generation and the desire for simplified installation processes.

Europe agrivoltaic industry is expected to register over 6.5% CAGR from 2024 to 2032, due to the increasing demand for solar energy and limited land availability combined with ability to offer shade to crops and potentially mitigate extreme weather conditions in the region.

Agrivoltaic Solution LLC, Cero Generation Limited, Sun’Agr, iSun, Inc., REM TEC, Enel Spa, Trina Solar, Jink Solar, VALOREM, SunPower Corporation, and Next2Sun are some of the major agrivoltaic companies worldwide.