Agrivoltaics Market, By System (Fixed Panel and Dynamic Panel), By Crop (Vegetables, Fruits, Root Crops, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jun 2024

Code : CMI7078

Pages :135

Formats :

Excel and PDF

Industry : Energy

Market Concentration and Competitive Landscape

Agrivoltaics Market Concentration By Players

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Maximizing Self-consumption of Solar Power

A key driver for the adoption of agrivoltaic systems by farmers and landowners is its ability to maximize self-consumption of on-site solar power generation. Farms and agricultural landholding areas are often located in remote regions with poor access to central electricity grids. Transporting power over long distances results in transmission and distribution losses, making grid electricity costly for rural consumers. Agrivoltaic systems help farmers and rural establishments meet a major part of their energy demand through direct self-consumption of solar energy, reducing dependence on expensive diesel generation or unreliable grid power. Any surplus power generated can be fed into the grid or used for local community needs or agricultural processing activities like cold storage, packaging, etc. This significantly enhances the economic feasibility of investments in solar projects for agricultural applications compared to regular ground-mounted installations or rooftop projects with low self-consumption.

Key Players Insights