Future Asia-Pacific Agrivoltaic Market: Key Dynamics, Size & Share Analysis

The Asia-Pacific Agrivoltaic market is projected to grow at a CAGR of around 35% during the forecast period, i.e., 2023-28. The region has shown commendable growth for the market in the historical period, i.e., 2018-2022. Some of the factors that have contributed to the development have been the rising concerns about climate change, shifting electricity production from non-renewable sources to renewable sources, government initiatives to assist the adoption of this technology, etc.

Top Challenges Impacting the Asia-Pacific Agrivoltaic Market Growth

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.

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Understanding the Core Segments in the Asia-Pacific Agrivoltaic Market

Asia-Pacific Agrivoltaic Market Size, Share & Industry Trends Analysis- By Placement (Standalone, Shading Nets, Greenhouse, Others), By Material Type (Panels, Paints), By Cell Type (Monocrystalline, Polycrystalline), By Crop Collaboration (Vegetables, Fruits, Crops, Others), 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), By Countries (China, India, South Korea, Japan, Australia, Southeast Asia, Rest of Asia-Pacific), By Company (Enel Green Power, JS Power, Sun' Agri, Solar Window, BayWa r.e., Akira Nagashima, REM Tec, SolarFarm. Ltd., Next2Sun, Others

Geographical Analysis of the Asia-Pacific Agrivoltaic Market

  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Southeast Asia
  • Rest of Asia-Pacific

China held a dominant position in the Asia-Pacific Agrivoltaics market during 2018-2022.

Who Dominates the Asia-Pacific Agrivoltaic Market Insights on Key Industry Players?

Companies are strengthening their presence in the Asia-Pacific Agrivoltaic market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.

  • Enel Green Power
  • JS Power
  • Sun' Agri
  • Solar Window
  • BayWa r.e.
  • Akira Nagashima
  • REM Tec
  • SolarFarm. Ltd.
  • Next2Sun
  • Others

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