Israel Agrivoltaic Market size is estimated to grow at a CAGR of around 71.23% during the forecast period, i.e., 2024–30.
Israel Agrivoltaic Market Driver:
Increasing Government Investments for the Establishment of Agrivoltaics Driving the Market – Israel is facing one serious concern related to the production of food due to the inadequate availability of arable land and water scarcity in the country for agriculture practices. To fulfill the high demand for food production, agrivoltaics is emerging as a viable solution in Israel that includes innovating the agriculture method through the involvement of solar panels on the same land. This would help in the preservation of agricultural land through combinations of agricultural activities equipped with the production of energy plans, as well as further maximize the profits of the farmers and the operators.
Furthermore, the government of Israel is working on transitioning and scaling up solar deployment as a renewable source for the generation of electricity by around 30% by the year 2030. It involves initiatives towards investment in renewable energy sources for power generation in the power sector, agriculture sector, etc. Various investments have been laid down by the government of Israel towards agrivoltaics for the production of energy, in combination with the increase in agricultural activities. For instance,
- In 2022, a tender was launched by the Minister of Agriculture and Rural Development and the Ministry of Energy of Israel for the deployment of 100MW of agrivoltaic power capacity in 100 different farmland locations in Israel.
Thus, rising investment in the agriculture sector by the government through the development and establishment of agrivoltaics in the lands of Israel uplifts the factors needed to overcome the challenges faced in the food and energy sectors of the country, and it is expected to accelerate the size of the Israel Agrivoltaics Market in the coming years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Israel Agrivoltaic Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Placement
- Standalone- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- Shading Nets- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- Greenhouse- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- Others (Solar Fence, Solar Window, etc.) – Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- By Cell Type
- Monocrystalline- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- Polycrystalline- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- By Crop Collaboration
- Vegetables- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- Fruit- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- Crop- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- Others (Herbs, etc.) – Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- By Type of Solar Panel
- Opaque- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- Semi-Transparent- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- Transparent- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- By Power Output
- Upto 10 KWh- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- 10.1 to 50 KWh- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- More Than 50 KWh- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
- By Regions
- East
- West
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Enel Green Power, Engie, Teralight Solar Tech, SolarEdge, Sun Agri, Doral Energy, Trisolar, Trina Solar, Agri-light Energy System Ltd., BayWa r.e., and others.
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