市場調查報告書
商品編碼
1463260
農業光伏市場 - 全球與區域分析:按產品、按應用、競爭格局:2023-2033Agrivoltaics Market - A Global and Regional Analysis: Focus on Product, Application, and Competitive Landscape, 2023-2033 |
農業光伏公司可以透過投資創新技術、與農民和太陽能供應商建立合作夥伴關係以及利用政府支持可再生能源的獎勵和政策來利用這一趨勢。
對於希望利用不斷成長的農業光伏市場的公司來說,研發策略投資和建立有彈性的生產基礎設施是關鍵。透過採用這些策略,公司將自己定位為農業永續能源解決方案的領導者,塑造全球農業光電市場的未來,並支持世界各地農民和能源消費者不斷變化的需求。
主要市場統計數據 | |
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預測期 | 2023-2033 |
2023年評估 | 20.138 億美元 |
2033年預測 | 158.716 億美元 |
年複合成長率 | 22.93% |
集太陽能生產和農業實踐於一體的全球農業光伏市場預計在未來幾年將大幅成長。 2022年市場規模為17.688億美元。該市場預計將迅速擴大,到年終將達到158.716億美元。這一成長是由多種因素推動的,包括人們越來越認知到農業光伏在提高作物產量、減少用水和最大限度提高土地效率方面的好處。農業光伏為能源生產和農業土地利用提供永續、高效的解決方案,與世界向更環保的做法的轉變保持一致。
公共事業規模的太陽能發電場,通常為 1MW 至 2,000MW,以出售電力並為其所有者創造利潤而聞名。太陽能發電廠的安裝成本通常為每瓦 0.89 美元至 1.01 美元。平均而言,一座1MW太陽能發電廠透過向公用事業公司出售電力每年可賺取約43,500美元。為太陽能發電場租賃土地的土地所有者預計每年每英畝可賺取 250 至 3,000 美元。這些發現凸顯了太陽能發電場投資的經濟性和潛在盈利。
該報告研究了全球農業光伏市場,並提供了市場概述、按產品、應用、地區分類的趨勢以及參與市場的公司概況。
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