Emerging Trends and Forecast 2028: A Comprehensive Analysis of Asia-Pacific Agrivoltaic Market Dynamics


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.

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MarkNtel Advisors has thoughtfully curated the Asia-Pacific Agrivoltaic Market Research Report, taking into account our client's distinct needs. Our research offers a thorough examination of the present regional and global market conditions. This report on industry analysis extensively encompasses market dynamics, limitations, and their potential consequences on future market requirements, presenting a comprehensive overview of the sector.

What is the projected growth rate of the Asia-Pacific Agrivoltaic Market during the forecast period?

The Asia-Pacific Agrivoltaic market is projected to grow at a CAGR of around 35% during the forecast period, i.e., 2023-28.

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Asia-Pacific Agrivoltaic Market Driver:

Rising Water Scarcity Concerns Rapid Climate Change - With the rapidly growing population of countries such as China, India, Pakistan, Indonesia etc., regional food production is expected to increase in the future. The rapid climate changes like rising temperature levels reduced precipitation, coupled with mounting water scarcity concerns for agriculture sectors in the region, would surge the demand for agrivoltaics in future periods..

The report has segmented the market into the following categories:

By Placement

-Standalone

-Shading Nets

-Greenhouse

-Others (Solar Fence, Solar Windows, etc.)

By Material Type

-Panels

-Paints

By Cell Type

-Monocrystalline

-Polycrystalline

By Crop Collaboration

-Vegetables

-Fruits

-Crops

-Others (Herbs, etc.)

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

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By Region

-China

-India

-South Korea

-Japan

-Australia

-Southeast Asia

-Rest of Asia-Pacific

Competitive Landscape with Key Player:

-Enel Green Power

-JS Power

-Sun' Agri

-Solar Window

-BayWa r.e.

-Akira Nagashima

-REM Tec

-SolarFarm. Ltd.

-Next2Sun

-Others

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