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Agrivoltaic Market Size
- Report ID: GMI7945
- Published Date: Jan 2024
- Report Format: PDF
Agrivoltaic Market Size
Agrivoltaic Market was valued at USD 5.5 billion in 2023 and is anticipated to grow at a CAGR of over 5.9% from 2024 to 2032. Agrivoltaic, also known as agro-photovoltaics, refers to the combined use of agriculture and solar photovoltaic (PV) systems on the same area of land. In an agrivoltaic system, solar panels are installed above or alongside agricultural crops, creating a dual use of the land for both solar energy generation and crop cultivation.
These systems optimizing land utilization in line with growing awareness and acceptance of agrivoltaics as a sustainable land-use solution will drive the business growth. Moreover, agrarian economies hold high potential for the utilization of these systems.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Agrivoltaic Market Size in 2023: | USD 5.5 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.9% |
| 2032 Value Projection: | USD 10.07 Billion |
| Historical Data for: | 2019 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 530 |
| Segments covered: | System Design, Harvest Type, Placement and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Agrivoltaic Market Scope
