How Big is the Europe Agrivoltaic Market?
The Europe Agrivoltaic Market size was valued at USD 131.53 Million in 2022 and is estimated to grow at a CAGR of around 69.34% during the forecast period, i.e., 2023-28. The demand for renewable energy has seen a rapid surge in Europe in recent years due to changing climatic conditions, high temperatures, etc. As a result, European countries like Germany, France, Belgium, Italy, and others have been investing heavily in agrivoltaic systems to sustain the demand for both agricultural land and clean energy.
Market Statistics
- Market Growth Rate (CAGR): 69.34% from 2023-2028
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Europe Agrivoltaic Market Insight:
Driver-
Supportive Government Policies Massive Investments for Solar Adoption– The rising government initiatives and investments by the countries in the region have supported the adoption of solar systems and have led to an increase in the europe agrivoltaic market. In addition, the member states of the European Union (EU) have taken various initiatives to enhance the share of renewable energy in electricity in Europe. The members of the EU, including France, the UK, Germany, etc., have implemented climate agreements, including the Paris Climate Agreement and the Green Deal, and have increased the consumption of clean energy for electricity and the minimum usage of water. Further, massive investments have also been announced for solar energy adoption and agrivoltaic systems, which in turn will lead to an increase in the europe agrivoltaic market size in the coming years.
Europe Agrivoltaic Market Segmentation:
The report has segmented the market into the following categories:
By Placement
- Standalone- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- Shading Nets- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- Greenhouse- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- Others (Solar Fence, Solar Window, etc.) - Market Size Forecast 2018-2028F, Installed Capacity (MW)
By Cell Type
- Monocrystalline- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- Polycrystalline- Market Size Forecast 2018-2028F, Installed Capacity (MW)
By Crop Collaboration
- Vegetables- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- Fruit- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- Crop- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- Others (Herbs, etc.) - Market Size Forecast 2018-2028F, Installed Capacity (MW)
By Type of Solar Panel
- Opaque- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- Semi-Transparent- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- Transparent
By Power Output
- Upto 10 KWh- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- 1 to 50 KWh- Market Size Forecast 2018-2028F, Installed Capacity (MW)
- More Than 50 KWh- Market Size Forecast 2018-2028F, Installed Capacity (MW)
By Country
- The UK
- France
- Germany
- The Netherlands
- Italy
- Spain
- Ireland
- Rest of the Europe
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Competitive Landscape:
- Enel Green Power
- Engie
- Sun Agri
- GreenYellow
- REM Tec
- Kilowattsol
- Trina Solar
- Altergie
- TDK Electronics
- SunEwat Business Description
- Akuo Energ Business Description
- Others (Next2Sun, Falick Renewables, etc.).
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2023-2028)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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