Asia-Pacific Agrivoltaic Market 2028: Key Companies, Player Strategies & Forecast

 


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.

Top Driver Impacting the Asia-Pacific Agrivoltaic Market Growth

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.

In addition, the shifting focus toward adopting this technology enables the effective use of sunlight for crop growth. Moreover, a grave effect of climate change has been faced by the farming sector in terms of either heavy rains or heat waves. Hence, the agrivoltaic industry offers several benefits in the agricultural sector & farmers' earnings from power generation & has positively influenced the overall market growth.

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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),

Geographical Analysis of the Asia-Pacific Agrivoltaic Market

-By Region

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

Of all the countries across the region, 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
  • Ltd.
  • Next2Sun
  • Others

Tap into future trends and opportunities shaping the Asia-Pacific Agrivoltaic view the complete report: https://www.marknteladvisors.com/research-library/apac-agrivoltaic-market.html

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