Dublin, Jan. 03, 2025 (GLOBE NEWSWIRE) — The “Asia-Pacific Agrivoltaics Market:Focus on Product and Country – Analysis and Forecast, 2023-2033” report has been added to ResearchAndMarkets.com’s offering.
The Asia-Pacific agrivoltaics market is projected to reach $6.00 billion by 2033 from $654.8 million in 2023, growing at a CAGR of 24.80% during the forecast period 2023-2033.
Companies in the APAC agrivoltaics sector can capitalize on this growing opportunity by implementing innovative technologies, forming strategic alliances with farmers and solar energy providers, and leveraging government incentives and renewable energy policies. To capitalize on the growing market, research and development expenditures as well as the construction of a strong production infrastructure are essential.
Businesses can position themselves as leaders in agriculturally specific sustainable energy solutions by putting these strategies into practice. In addition to advancing the region’s renewable energy objectives, this strategy takes into account the changing needs of APAC’s farmers and energy users. Businesses can significantly influence the direction of agrivoltaics while generating economic and environmental advantages for the area by collaborating and innovating.
Market Introduction
The market for agrivoltaics in Asia Pacific is expanding significantly due to the need to meet the demands for renewable energy sources and increase agricultural productivity. The integration of solar panels with agricultural practices, or agrivoltaics, offers a creative way to address the region’s land-use issues. This strategy helps APAC nations strike a balance between their commitments to renewable energy and food security by fusing farming and energy generation.
Growing awareness of climate change, the need for sustainable agricultural practices, and government initiatives to support renewable energy are major factors propelling the market’s expansion. A number of APAC countries, such as China, Japan, and India, are putting policies and subsidies in place to promote agrivoltaic installations because they see how they can optimize land use and benefit both farmers and energy producers.
Technological developments in energy storage systems and solar panel design are also driving the market. There are increasingly lightweight, transparent, and movable panels that maximize crop light penetration while producing electricity. Furthermore, cooperation amongst local farmers, energy suppliers, and agritech firms is encouraging innovation and uptake.
The market for agrivoltaics is expected to grow rapidly as the APAC region continues to place a high priority on sustainability. It presents a viable route to energy resilience and agricultural efficiency in the face of escalating resource and climate challenges.
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 APAC 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 APAC 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.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 66 |
| Forecast Period | 2023 – 2033 |
| Estimated Market Value (USD) in 2023 | $654.8 Million |
| Forecasted Market Value (USD) by 2033 | $6000 Million |
| Compound Annual Growth Rate | 24.8% |
| Regions Covered | Asia Pacific |
Key Topics Covered:
Executive Summary
Scope and Definition
1 Markets
1.1 Trends: Current and Future Impact Assessment
1.1.1 Potential for Rural Electric Vehicle Charging
1.1.2 Increasing Demand for Renewable Energy
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Company)
1.3.2 Patent Filing Trend (by Country)
1.4 Regulatory Landscape
1.5 Market Dynamics Overview
1.5.1 Market Drivers
1.5.1.1 Dual-Revenue Streams for Farmers
1.5.1.2 Agrivoltaics as a Sustainable Solution for Agriculture
1.5.2 Market Restraints
1.5.2.1 High Installation Costs
1.5.2.2 Limited Compatibility to Certain Crops
1.5.3 Market Opportunities
1.5.3.1 Reduced Emissions through Improved Farm Electrification
1.5.3.2 Increased Government Initiatives to Boost R&D in Agrivoltaics
2 Regions
2.1 Regional Summary
2.2 Asia-Pacific
2.2.1 Regional Overview
2.2.2 Driving Factors for Market Growth
2.2.3 Factors Challenging the Market
2.2.4 Product
2.2.5 China
2.2.6 India
2.2.7 Japan
2.2.8 South Korea
2.2.9 Rest-of-Asia-Pacific
3 Markets – Competitive Benchmarking & Company Profiles
3.1 Next Frontiers
3.2 Geographic Assessment
3.2.1 Jinko Solar
3.2.1.1 Overview
3.2.1.2 Top Project Portfolio
3.2.1.3 Top Competitors
3.2.1.4 Target Customers
3.2.1.5 Key Personnel
3.2.1.6 Analyst View
3.2.1.7 Market Share, 2023
3.2.2 Trinasolar
3.2.2.1 Overview
3.2.2.2 Top Project Portfolio
3.2.2.3 Top Competitors
3.2.2.4 Target Customers
3.2.2.5 Key Personnel
3.2.2.6 Analyst View
3.2.2.7 Market Share, 2023
3.2.3 Yingli Solar
3.2.3.1 Overview
3.2.3.2 Top Project Portfolio
3.2.3.3 Top Competitors
3.2.3.4 Target Customers
3.2.3.5 Key Personnel
3.2.3.6 Analyst View
3.2.3.7 Market Share,2023
4 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/srk0or
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- Asia-Pacific Agrivoltaics Market
