市场调查报告书
商品编码
1463260
农业光伏市场 - 全球与区域分析:按产品、按应用、竞争格局:2023-2033Agrivoltaics Market - A Global and Regional Analysis: Focus on Product, Application, and Competitive Landscape, 2023-2033 |
农业光伏公司可以透过投资创新技术、与农民和太阳能供应商建立合作伙伴关係以及利用政府支持可再生能源的奖励和政策来利用这一趋势。
对于希望利用不断成长的农业光伏市场的公司来说,研发策略投资和建立有弹性的生产基础设施是关键。透过采用这些策略,公司将自己定位为农业永续能源解决方案的领导者,塑造全球农业光电市场的未来,并支持世界各地农民和能源消费者不断变化的需求。
主要市场统计数据 | |
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预测期 | 2023-2033 |
2023年评估 | 20.138 亿美元 |
2033年预测 | 158.716 亿美元 |
复合年增长率 | 22.93% |
集太阳能生产和农业实践于一体的全球农业光伏市场预计在未来几年将大幅成长。 2022年市场规模为17.688亿美元。该市场预计将迅速扩大,到年终将达到158.716亿美元。这一增长是由多种因素推动的,包括人们越来越认识到农业光伏在提高作物产量、减少用水和最大限度提高土地效率方面的好处。农业光伏为能源生产和农业土地利用提供永续、高效的解决方案,与世界向更环保的做法的转变保持一致。
公共事业规模的太阳能发电场,通常为 1MW 至 2,000MW,以出售电力并为其所有者创造利润而闻名。太阳能发电厂的安装成本通常为每瓦 0.89 美元至 1.01 美元。平均而言,一座1MW太阳能发电厂透过向公用事业公司出售电力每年可赚取约43,500美元。为太阳能发电场租赁土地的土地所有者预计每年每英亩可赚取 250 至 3,000 美元。这些发现凸显了太阳能发电场投资的经济性和潜在盈利。
该报告研究了全球农业光伏市场,并提供了市场概述、按产品、应用、地区分類的趋势以及参与市场的公司概况。
Global Agrivoltaics Market Overview
Companies involved in agrivoltaics can capitalize on this trend by investing in innovative technologies, developing partnerships with farmers and solar energy providers, and leveraging government incentives and policies supporting renewable energy. Strategic investments in research and development, along with the establishment of resilient production infrastructure, will be key for companies looking to capitalize on the expanding agrivoltaics market. By embracing these strategies, companies can position themselves as leaders in sustainable energy solutions for agriculture, shaping the future of the global agrivoltaics market and meeting the evolving needs of farmers and energy consumers worldwide.
Market Introduction
KEY MARKET STATISTICS | |
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Forecast Period | 2023 - 2033 |
2023 Evaluation | $2,013.8 Million |
2033 Forecast | $15,871.6 Million |
CAGR | 22.93% |
The global agrivoltaics market, which integrates solar energy production with agricultural practices, is poised for significant growth in the coming years. The market is valued at $1,768.8 million in 2022. The market is expected to expand rapidly, reaching an estimated $15,871.6 million by the end of 2033. This growth is driven by several factors, including increasing recognition of the benefits of agrivoltaics in enhancing crop yields, reducing water usage, and maximizing land efficiency. Agrivoltaics offers a sustainable and efficient solution for both energy production and agricultural land use, aligning with the global shift toward more environment-friendly practices.
Industrial Impact
The utility-scale solar farms, typically ranging from 1 MW to 2,000 MW, are known to sell their electricity to generate profits for their owners. The installation cost of solar farms usually falls between $0.89 to $1.01 per watt. On average, a 1 MW solar farm can earn around $43,500 annually by selling its electricity to utilities. Landowners who lease their land for solar farms can expect to earn between $250 to $3,000 per acre per year. These findings underscore the economic viability and potential profitability of solar farm investments.
While comparing agrivoltaics to ground-mounted PV plants, researchers have found that agrivoltaics projects tend to be more expensive. This is primarily due to higher costs incurred during the approval process and design limitations, as well as the need for specialized components such as modules, mounting systems, and trackers. For instance, the inclusion of vertical plants or elevated modules to accommodate agricultural machinery underneath can significantly raise costs. The additional expenses for these components are estimated to range from $268.68 to $303.00 per kW for modules and from $90.7 to $240.6 per kW for racks.
Market Segmentation:
Segmentation 1: by Array Configuration
Fixed Array to Dominate the Global Agrivoltaics Market (by Array Configuration)
The fixed array stands out as the leading segment among the various types of array configurations in the global agrivoltaics market, driven by its practicality, cost-effectiveness, and compatibility with agricultural operations. This segment represents a significant portion of agrivoltaics installations worldwide, offering a balance between solar energy generation and agricultural productivity.
One key advantage of fixed arrays is their simplicity and ease of installation, making them a preferred choice for many farmers and solar developers. Unlike tracking systems, fixed arrays do not require complex mechanisms for adjusting the angle of solar panels, reducing maintenance costs and potential points of failure. Furthermore, fixed arrays are well-suited for a variety of agricultural settings, including grassland farming, horticulture, and arable farming, providing flexibility in deployment. Their stationary nature ensures minimal disruption to farming activities, allowing crops to thrive without compromising solar energy generation.
Segmentation 2: by Photovoltaic Technology
Monofacial Solar Panels Segment to Dominate the Global Agrivoltaics Market (by Photovoltaic Technology)
Monofacial solar panels have emerged as the leadingly adopted photovoltaic technology in the global agrivoltaics market. This trend is driven by several factors, including cost-effectiveness, efficiency, and compatibility with agricultural activities. Monofacial panels are traditional solar panels that absorb sunlight from one side, making them ideal for installations where space is not a constraint.
One recent example highlighting the dominance of monofacial solar panels in agrivoltaics installations is the AgriPV project in the Netherlands, initiated in April 2021. This project involves the installation of monofacial solar panels on a greenhouse to generate solar power while allowing for crop cultivation underneath. The project showcases the efficiency and compatibility of monofacial panels with agricultural settings, as well as their ability to enhance land use efficiency.
Segmentation 3: by Site of Installation
Pollinator Habitant Segment to Dominate the Global Agrivoltaics Market (by Site of Installation)
Pollinator habitat emerges as the leading application segment in the global agrivoltaics market, showcasing a pivotal shift toward sustainable agricultural practices and renewable energy generation. This segment not only promotes biodiversity but also enhances the ecosystem services provided by agrivoltaics systems.
A notable example is Jack's Solar Garden, launched in June 2021, which stands as the largest agrivoltaics research project in the U.S. Located in Boulder County, Colorado, this 1.2-MW solar farm integrates all four types of vegetation, including pollinator habitats. The site features over 3,000 trees, shrubs, and other pollinator-friendly plants, demonstrating a successful blend of solar energy production and environmental conservation.
Segmentation 4: by Region
North America, especially the U.S., plays a pivotal role in shaping the global agrivoltaics market, being a major contributor due to its increasing energy demands and the rising prominence of agrivoltaics as a sustainable energy source. The growth of the agrivoltaics market in the U.S. is expected to accelerate in the coming years, driven by factors such as government support, rising demand for renewable energy, and the benefits it offers to farmers.
A significant milestone in the U.S. agrivoltaics landscape was the launch of the U.S. Department of Energy's Agrivoltaics Partnership in 2020, aiming to accelerate the development and deployment of agrivoltaics technologies. In December 2022, the U.S. Department of Energy announced the Foundational Agrivoltaics Research for Megawatt Scale (FARMS) funding, allocating $8 million for six solar energy research projects across six states and the District of Columbia. This funding initiative demonstrates the government's commitment to supporting the growth and development of the agrivoltaics market.
Recent Developments in the Global Agrivoltaics Market
Demand - Driver, Challenge, and Opportunity
Market Driver: Dual-Revenue Streams for Farmers
Market Challenge: High Installation Costs
Market Opportunity: Reduce Emission through Improved Farm Electrification
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different applications of agrivoltaics products in the market. The market is poised for significant expansion with ongoing technological advancements, increased investments, and growing awareness of the use of agrivoltaics. Therefore, agrivoltaics are a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The global agrivoltaics market is growing at a rapid pace. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships and collaborations.
Competitive Strategy: The key players in the global agrivoltaics market analyzed and profiled in the study include agrivoltaics projects. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.
Research Methodology
Factors for Data Prediction and Modeling
Market Estimation and Forecast
This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global agrivoltaics market.
The process of market engineering involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.
Primary Research
The primary sources involve industry experts from the global agrivoltaics market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
The key data points taken from primary sources include:
Secondary Research
This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the aforementioned data sources, the study has been undertaken with the help of other data sources and websites, such as GFI and the Delft University of Technology.
Secondary research was done in order to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.
The key data points taken from secondary research include:
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Leading Companies in the Agrivoltaics Market
Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
Scope and Definition