MarkNtel Advisors, a leading market research firm, has showed its latest study titled "Asia-Pacific Agrivoltaic Market", offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Asia-Pacific Agrivoltaic Market: 2023-2028
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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What are the primary factors driving the growth of the Asia-Pacific Agrivoltaic market?
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.
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. For instance:
In 2022, the Central Arid Zone Research Institute (CAZRI) launched a project 'Agrivoltaics,' in Northern India, as high temperatures have damaged farm crops increased weeds, pests, and fungi. After the implementation of the new system, the farm has seen an upsurge in wheat tillers per square meter from under the solar panels as compared to the rest of the field.
Moreover, with the swift climate changes, consumers used water for agricultural purposes, and there would not be enough water to meet the booming food requirements in the future. Therefore, ascending water scarcity is one of the crucial challenges that could hinder the growing demand for food production. As a result, there is an extreme need for an effective solution like agrivoltaics that helps to meet the desired food demand by overcoming the challenge of water scarcity, thus influencing the market growth in the following years.
Asia-Pacific Agrivoltaic Market Segmentation:
The Asia-Pacific Agrivoltaic market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Placement
-Standalone
-Shading Nets
-Greenhouse
-Others (Solar Fence, Solar Windows, etc.)
By Material Type
-Panels
-Paints
- Panels have been the highlight of the market.
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
Geographical Analysis into the Asia-Pacific Agrivoltaic Market:
- China
- India
- South Korea
- Japan
- Australia
- Southeast Asia
- Rest of Asia-Pacific
Read Detailed Index of full Research Study at - https://www.marknteladvisors.com/research-library/apac-agrivoltaic-market.html
Competitive Landscape and Asia-Pacific Agrivoltaic Market Share Analysis:
The competitive landscape of the Asia-Pacific Agrivoltaic market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Enel Green Power, JS Power, Sun' Agri, Solar Window, BayWa r.e., Akira Nagashima, REM Tec, SolarFarm. Ltd., Next2Sun, Others
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 23 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Asia-Pacific Agrivoltaic Market growth?
- How is the Asia-Pacific Agrivoltaic Market expected to grow over the next five years?
- What are the key insights into the current trends in the Asia-Pacific Agrivoltaic Market?
- What is the current size of the Asia-Pacific Agrivoltaic Market, and how is it projected to change in the future?
- What is the future outlook for the Asia-Pacific Agrivoltaic Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 14.8 diverse industrial verticals.
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