Comprehensive Research Report on Asia-Pacific Agrivoltaic Market Trends 2023-2028
What is the size of the Asia-Pacific Agrivoltaic Market?
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. Reputable research company Markntel Advisors has conducted a thorough analysis of the Asia-Pacific Agrivoltaic market, taking into account a variety of factors including current developments, trade laws, import-export analysis, production trends, changes in market laws, value chain optimisation, and market share insights. The study is precisely organised, with well-defined sections, chapters, and sub-categories that make it easy for readers to navigate.
The Asia-Pacific Agrivoltaic Market Report also emphasises the importance of domestic and regional market players, developing revenue streams, strategic analysis of market growth, product approvals, the introduction of novel offerings, geographic expansions, and technological advancements. This report's main goal is to give readers a thorough understanding of the market while highlighting the unique characteristics, contributing factors, and other components that can potentially limit market growth.
Market Drivers:
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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What specific aspects are encompassed by the segmentation of the Asia-Pacific Agrivoltaic Market?
The market segments that make up the Asia-Pacific Agrivoltaic market are very diverse. These segments, which cover variations, trends, and market strategies, are precisely defined and clearly discussed. This all-inclusive strategy provides stakeholders with the crucial knowledge needed to take well-informed decisions and fully comprehend the market. The following segments make up the market:
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
By Countries
-China
-India
-South Korea
-Japan
-Australia
-Southeast Asia
-Rest of Asia-Pacific
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Who are the key participants in the Asia-Pacific Agrivoltaic Market?
- Enel Green Power
- JS Power
- Sun' Agri
- Solar Window
- BayWa r.e.
- Akira Nagashima
- REM Tec
- Ltd.
- Next2Sun
- Others
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About us –
MarkNtel Advisors is a leading research, 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 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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