Europe Agrivoltaic Market Size, Share, Growth Insight – 69.34% Estimated CAGR Growth By 2028

How big is the Europe Agrivoltaic market?

According to MarkNtel Advisors study, the Europe Agrivoltaic market is projected to grow at a CAGR of around 69.34% during the forecast period, i.e., 2023-28.

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Europe Agrivoltaic Market Trend:

Innovation of New Technologies such as Transparent Solar Panel and Solar Photovoltaic for Agrivoltaics- Solar cells are made of layers of semiconductor materials similar to those that are used in computer chips. When sunlight is absorbed by these materials, the solar energy knocks electrons loose from their atoms, allowing the electrons to flow through the material to produce electricity. Technologies like solar photovoltaics could meet sustainability and address resilience concerns regarding the Europe energy system. The cost of solar panels has decreased continuously, and has resulted in the reduced installation costs of Agrivoltaics, which has significantly elevated the demand for Agrivoltaics.

Transparent solar panel is a growing trend in the agrivoltaic market which has attracted a sizeable investment and attention in various regions across the world. The transparent solar panels allow concurrent production of crops and electricity on the same cropland. These panels allow the increasing amount of red light to pass through them and helps in maintaining the balance of phytochrome in the plants resulting in the longer crop plants life. Therefore, transparent solar panels are emerging as a trend for increasing crop yields while generating clean power.

Leading Companies in the Europe Agrivoltaic market:

• Enel Green Power
• Engie, Sun’ Agri
• GreenYellow
• REM Tec
• Kilowattsol
• Trina Solar
• Altergie
• TDK Electronics
• SunEwat
• Akuo Energy
• BayWa r.e.
• Next2Sun
• Falck Renewables
• Others

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Europe Agrivoltaic Market Segmentation:

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)

The vegetable segment witnessed a significant share in the market during the historical period. According to IoF 2020 (Internet of Food and Farm 2020), the vegetable sector accounted for about 10% of the overall value of agricultural output in European countries.

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)

Regional/ Countries Insight:

• The UK
• France
• Germany
• The Netherlands
• Italy
• Spain
• Ireland
• Rest of the Europe

The UK is anticipated to hold a significant share of the market in the upcoming years, owing to the implementation of supportive low-carbon emission regulations by the government in the country.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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Read More:

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