According to MarkNtel Advisors Report, the Europe Agrivoltaic Market size was valued at around USD 278.29 million in 2024 and is projected to reach USD 2,493.00 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 45% during the forecast period 2025-30. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Time Period Captured in the Report:Historical Years: 2020-23
Base Years: 2024
Forecast Years: 2025-30
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Europe Agrivoltaic Market Challenge:Lack of Concrete Definition, Harmonization, and Standard across Europe, resulting in Green-Washing – The absence of uniform regulations across Europe could produce obstacles in the expansion and implementation of Agrivoltaic systems across the region. The lack of a universal definition for such a system resulted in the absence of standardized regulations. This could affect agricultural activities, which need to be maintained at all times. Implementation of solar panels on agricultural land to produce both crops and energy might change the way their land is classified, which could cause legal obstacles for the farmers. Changes in their agricultural land characterization make them ineligible for specific government support programs, causing financial problems for the farmers. This could affect the adoption of agrivoltaic systems among the farmers. Thus, to understand the potential solution to avoid the impact of crop shading on the yield, sustainable development of the agrivoltaic system needed to be regularized by the European Union for the establishment of uniformity across the region in the forthcoming years.
Who are the Key Players Operating in the Europe Agrivoltaic Industry?The top companies of the Europe Agrivoltaic market ruling the industry are:
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What is Included in Europe Agrivoltaic Market Segmentation?The report has segmented the market into the following categories:
-By Cell Type
Monocrystalline photovoltaic (PV) cell modules have gained a notable share in the market during the historical period, owing to the greater efficiency provided by the monocrystalline over polycrystalline PV cell modules. Observing the benefit of monocrystalline PV cell modules various companies like Aleo Solar, Recom Technologies, Carbon, etc., are designing and manufacturing monocrystalline solar panels, for multiple projects in Europe. Hence, owing to the shifting preference of the customers towards the Monocrystalline photovoltaic cell modules would accelerate the market size growth during the forecasted period.
-By Placement
-By Crop Collaboration
-By Type of Solar Panel
-By Power Output
-By Country
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