#United States Agrivoltaics Market Analysis

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The United States Agrivoltaics Market Will Grow At Highest Pace Owing To Increasing Adoption Of Dual-Use Agriculture

The United States agrivoltaics market involves integrating photovoltaic solar power generation into agricultural operations, such as farming and livestock grazing. Agrivoltaics systems optimize land use for both electricity production as well as crop cultivation or livestock grazing. The dual-use of agricultural land boosts the agricultural productivity and reduces the consumption of fresh water for irrigation. Major crops grown under agrivoltaic systems include grapes, blueberries, tomatoes, and citrus fruits.

The United States Agrivoltaics Market is estimated to be valued at US$ 323.6 Mn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the United States agrivoltaics are Enel Green Power S.p.A.,Boralex,Sunrise Power Solutions,McIntosh Energy Japan Co., Ltd., and SolarEdge.

These players are focusing on developments of innovative agrivoltaic projects to tap the growth opportunities. For instance, in 2022, Enel Green Power developed an agrivoltaic system in California integrating PV modules mounted at a height of eight meters above rows of wine grape.

The growing adoption of dual-use agriculture is fueling the demand for agrivoltaic systems in the country. Agrivoltaics help farmers to generate additional revenue from electricity sales while optimally utilizing the available land for crop cultivation. Government schemes promoting integration of agriculture with renewable energy are further augmenting the adoption of agrivoltaics among farmers.

Technological advancements are also supporting the growth of the United States agrivoltaics market. Key players are developing innovative mounting structures, optimizers, and module designs that maximize crop yield while producing electricity from PV systems. Smart technologies allow real-time monitoring of agro-climatic conditions and adjustment of PV panels for optimal sunlight exposure to crops.

Market Trends

The trend of dual-use agriculture is gaining traction in the United States as it helps optimize land utilization as well as boost farm income. Various states are promoting integrated models for generation of clean energy along with crops and livestock management. Furthermore, the growing focus on sustainable agriculture is propelling the development of agrivoltaic farms having minimum environmental impact.

Market Opportunities

The strong policy support in the form of regulatory mandates and financial incentives available for renewable energy projects presents significant opportunities for agrivoltaics market in the United States. Additionally, growing research collaborations between agricultural universities and solar industries are expected to develop new applications and potential crops suitable for agrivoltaics. This will further accelerate the commercialization of innovative agrivoltaic systems.

The United States Agrivoltaics Market experienced significant slowdown in growth during the COVID-19 pandemic. Lockdowns and supply chain disruptions negatively impacted the agricultural as well as solar sectors. Farmers faced difficulties in crop cultivation and harvesting due to shortage of labor and disruptions. The implementation of agrivoltaic projects also slowed down significantly. However, with gradual easing of restrictions from mid-2021 and vaccination drives, the market is recovering. The demand is expected to pick up strongly as agricultural production returns to pre-pandemic levels and ongoing renewable energy targets drive the adoption of innovative agrivoltaic solutions.

The geographical region concentrating major share of the United States Agrivoltaics Market in terms of value is Central States region comprising North Dakota, South Dakota, Nebraska, Kansas, Minnesota, Iowa, Missouri, Wisconsin, and Illinois. This is because of the large-scale farming activities in the region, supportive government policies, and availability of suitable land areas for integrating solar PV systems with agriculture. The fastest growing region for the market is expected to be Western States region including California, Oregon, Washington, Nevada, Idaho, Utah, Arizona, New Mexico, Colorado, and Wyoming. This is attributed to aggressive renewable energy goals of states like California, extensive R&D initiatives in the region, and increasing development of agrivoltaic projects to power irrigation in arid states.

The Central Valley region of California is a major hub for various fruit and vegetable cultivation. However, extensive use of fossil-fuel based irrigation pumps has increased carbon footprint and energy costs of farms. Several farmers and local authorities in the region have started implementing innovative agrivoltaic projects that deploy bifacial solar panels mounted on vertically-adjustable structures above crop beds. This allows growing of crops below panels and generation of clean electricity simultaneously to meet irrigation demands. Such projects are reducing reliance on diesel and lowering production costs, thereby driving stronger adoption of agrivoltaics in California and wider Western States region.

Get more insights on this topic:  https://www.trendingwebwire.com/united-states-agrivoltaics-market-poised-to-grow-significantly-due-to-rising-adoption-of-solar-plus-crop-farming/

Author Bio:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )

What Are The Key Data Covered In This United States Agrivoltaics Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the United States Agrivoltaics's growth between 2024 and 2031.

:- Accurate calculation of the size of the United States Agrivoltaics and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- United States Agrivoltaics Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of United States Agrivoltaics vendors

FAQ’s

Q.1 What are the main factors influencing the United States Agrivoltaics?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top United States Agrivoltaics companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the United States Agrivoltaics’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note: 1. Source: Coherent Market Insights, Public sources, Desk research 2. We have leveraged AI tools to mine information and compile it

[insightreportsunivdatos]

Agrivoltaic Market Size, Share, Growth, Trend and Forecast to 2032

Agriculture-solar farming, a form of bioenergy installations integrated with agricultural operations, is experiencing unprecedented expansion and change. With the world looking for more efficient solutions for combating the effects of climate change and at the same time trying to generalize land use, Agrivoltaic farming is one of the solutions that are at the forefront of all this. This article introduces the newest trends in the current Agrivoltaic industry, the evolution of technologies utilized in the Agrivoltaic structures, policies following the development of the industry, and real-life cases that give direction to the further growth of the Agrivoltaic industry.

According to the UnivDatos Market Insights analysis, the increased energy demand, government incentives, rising innovations in solar panel design, such as bifacial panels and adjustable mounts, increased land utilization driving, and rising agricultural productivity driving the Agrivoltaic Market. As per their “Agrivoltaic Market” report, the global market was valued at USD 5 Billion in 2023, growing at a CAGR of about 11.5% during the forecast period from 2024 - 2032. 

Access sample report (including graphs, charts, and figures): https://univdatos.com/get-a-free-sample-form-php/?product_id=16483

Technological Innovations

Agrivoltaics has been experienced by enhanced solar technology as one of the major trends. Simplified stationaries that were the historical throughput in solar projects are now having replacement with bifacial and tracking systems. Such advantages of bifacial panels include the fact that they have the potential to capture energy on their rear sides hence; gains in energy yield and efficiency, making them suitable for Agrivoltaic systems where land is limited. They enable the accurate adjustment of panel angles relative to the sunlight implication throughout the day and even year, thereby increasing energy production as well as plant yield.

Besides, vertical solar panels are producing interest in agrivoltaics. These are Installed at an angle or vertical structure and they make it possible to use small area space more effectively as shown below. Vertical panels also make full use of space available on the ground as well as offering shade that is an advantage to the crops by preventing evaporation of water and extreme heat. By so doing, the advancement of these technologies is seeing agrivoltaics become more flexible and productive, a factor that is seeing it proliferate in different agricultural contexts.

Policy and Regulatory Support

It is to highlight the key government policies and regulatory frameworks that propel the agrivoltaic market and thus propose the following hypotheses; In the recent past, many countries have embraced the concept of agrivoltaics because it combines two objectives of providing renewable energy and food production. France holds the leadership among the EU countries in terms of set contractual capacity and favorable regulations for agrivoltaic platforms. The French government started subsidizing farmers to make use of solar technology on their farms, providing tax credits and research grants to farmers.

The French government has published the long-awaited Decree No. 2024-318 in the country's official journal. The legislation defines the conditions for the installation of solar panels on agricultural, natural, or forest land.

Decree No. 2024-318 of April 8, 2024 relating to the development of agrivoltaics and the conditions for installing photovoltaic installations on agricultural, natural or forest land

Similarly, in the United States, both federal and state-level incentives are enabling the growth of agrivoltaics. There is the Rural Energy for America Program (REAP) by USDA, which offers support in the form of capital for the implementation of RE, including agrivoltaics. Moreover, the states already have permitted the systems that allow the coexistence of farming and electricity generation like the ones found in California as well as Oregon where there is a growing awareness of the effects of the agrivoltaic system on the environment as well as the economic importance.

Case Studies of the Application of the Information in the Real World

The implementation of the agrivoltaic system illustrates how it can be successfully integrated throughout different regions and areas of agriculture. It’s one of the biggest agrivoltaic farms in Japan and it has become noteworthy for its efficient rice farming combining these structures with rice paddies since the panels help cool the plants and decrease water consumption. These projects do not only produce renewable energy but also boost rice production, this shows the duality of solar energy and agricultural practices.

Desert Agriculture Program in Arizona United States of America is among the prime practitioners of agrivoltaics wherein barren and sun-scorched land is turned into fertile agricultural fields. This initiative of putting solar panels above crops has so many benefits, mainly serving as shade and protecting crops from the scorching sun while keeping water usage to a minimum and attaining better yields in the deserts. This project demonstrates that agrivoltaics can solve certain problems in agriculture while at the same time furthering renewable energy objectives.

Similarly in Germany, AgroSolar is a project that aims at incorporating solar panels into the vineyards. This new strategy offers protection from the sun hence reducing heat intensity on the grapevines, cutting water usage, and enhancing the quality of the grapes produced. Indeed, this project shows that Agrivoltaic systems are flexible and can be adopted in various agricultural practices.

Economic and Environmental Benefits

Agrivoltaics has gained popularity due to its positive impacts on the economy and the environment. Economically, Agrivoltaic systems offer dual revenue streams: revenue generated from farming and farming-related products as well as from the sales of solar-related products. This dual-revenue system thus pushes the economic sustainability of Agrivoltaic projects and gives the farmers another revenue stream. In addition, where water is used in the irrigation process there are always certain savings in water usage and improved yields in crop production thus improving the profitability level of businesses in agriculture.

Environmentally, sustainable energy especially through photovoltaic systems and embracing sustainable farming practices is made possible through agrivoltaics. Solar power as a function of energy from the natural sun strengthens the decrease of carbon footprint in agricultural practices. Also, the shading created by the solar panel has the benefit of lowering the heat stress on crops, which helps make crops more resistant to climate change.

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Challenges and Future Outlook

However, it is crucial to mention that the market has some challenges that cause the agrivoltaic industry to be slow in developing. Another limitation is the upfront cost of adopting solar and the necessary structures that are related to the installation of the solar panels. While financial incentives and subsidies ease some of the barriers, application fees can be expensive for some farmers and landowners.

There is also the challenge of how the technology relates to agriculture to enhance the uptake of solar technology. It is not easy to avoid solar panels infringing the crop production aspects and also coordinating the maintenance of the solar systems in the farming fields.

Click here to view the Report Description & TOC- https://univdatos.com/report/agrivoltaic-market/

Altogether the outlook for agrivoltaics seems to be bright in the future. Due to the advancement of technology and continuous implementation of more successful double-duty systems, we can predict continuous progress in the subsector. Further policy support and investment in research and development will contribute to the development of agrivoltaics which is significant in the shifting of the world to sustainable energy and agriculture production.

Thus, agrivoltaics can be viewed as a revolutionary concept for the interaction of plant-based farming and photovoltaics. Given that the concept has evolved, the policies of the governments have been developed to support it, and the real case studies have been realized, it is evident that agrivoltaics will have a big role to play in land usage, climate change, and energy production. Thus, further development of agrivoltaics still holds significant prospects for the future market for transforming agricultural and energy industries, which is why interest in such research is justified.

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Agrivoltaics Market Size, Share, Latest Trends, and Growth Research Report 2024-2036

A comprehensive analysis of the “Agrivoltaics Market Size, Share, Latest Trends, and Growth Research Report 2024-2036” provides an accurate overview and thorough analysis of the market industries in the present and the future. This report provides a comprehensive overview of the market, including current market trends, future projections, and an in-depth analysis of the major players in the industry. It provides a comprehensive overview of the market, including current market trends, future projections, and an in-depth analysis of the major players in the industry.

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Report findings provide valuable insights into how businesses can capitalize on the opportunities provided by these dynamic market factors. It also provides a comprehensive overview of the major players in the industry, including their product offerings, contact and income information, and value chain optimization strategies. Furthermore, it offers an in-depth analysis of the leading businesses in the industry based solely on the strength of their business plans, product descriptions, and business strategies.

Key Findings

Agrivoltaics Market has experienced significant growth in recent years, driven by factors such as increasing consumer demand and technological advancements.

The market segmentation analysis revealed several key segments, including System Design, Cell Type, Crop Type, Material Type, Placement, Plant Type, Output each with unique characteristics and growth potential.

Regional analysis highlighted the strong performance of Agrivoltaics Market in regions such as North America, Europe, and Asia-Pacific, with emerging markets showing promising growth opportunities.

Analyzing the Agrivoltaics Market

A thorough understanding of the Agrivoltaics Market will provide businesses with opportunities for growth such as customer acquisition, enhancements to their services, and strategic expansions.

By incorporating market intelligence into their operations, businesses can anticipate changes in the economy, assess the effect these factors may have on their operations, and create plans to counteract any negative effects.

Market intelligence helps organizations stay ahead of the curve through insights into consumer behavior, technological advancements, and competitive dynamics.

Using Agrivoltaics Market data can provide organizations with an edge in the competitive market and establish prices and customer satisfaction levels.

In a dynamic market environment, business validation helps companies develop business plans and assures their long-term survival and success.

What are the most popular areas for Agrivoltaics Market?

The North American continent includes Canada, Mexico, and the United States.

The European Union is made up of the United Kingdom, France, Italy, Germany, the Republic of Turkey, and Russia.

The Asia-Pacific region is comprised of China, Japan, Korea, India, Australia, Vietnam, Thailand, Indonesia, and Malaysia.

The region of Latin America, which includes Brazil, Argentina, and Columbia

In addition to Africa, the Middle East includes South Africa, Egypt, Nigeria, Saudi Arabia and the United Arab Emirates.

Report highlights include:

There is a 360-degree synopsis of the industry in question in this study, which encompasses all aspects of the industry.

The report presents numerous pricing trends for the keyword.

Additionally, the report includes some financial data about the companies included in the competitive landscape.

The study enumerates the key regulatory norms governing the keyword market in developed and developing economies.

Additionally, the keyword report provides definitions of the market terms referred to in the document for the sake of convenience.

Future Potential

In the keyword research report, various primary and secondary sources are used to describe the methodology of conceptualizing the study. It has been discussed in the study what the scope of the report is and what elements it contains in terms of the growth spectrum of the keyword. The document also includes financial data of the companies profiled, along with the current price trends of the keyword.

Access our detailed report at https://www.researchnester.com/reports/agrivoltaics-market/5880