Israel Agrivoltaic Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-30
The Israel Agrivoltaic Market size is estimated to grow at a CAGR of around 71.23% during the forecast period, i.e., 2024–30. The market growth is attributed to the rapidly growing population in the country, which stimulates the demand for food production. The rapid climate changes, like increasing temperature levels & reduced precipitation, coupled with rising water scarcity concerns, will affect agriculture sectors globally, which would increase the demand for agrivoltaics in the coming years. Israel is one of the countries considered to be the world's hotspot for climatic changes and is expected to have extreme climate conditions involving the temperature elevating faster as compared to the average rate globally.
Markntel Advisor’s Israel Agrivoltaic Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Israel Agrivoltaic Market drivers, barriers, Israel Agrivoltaic Market Trends, and Key Players in Israel Agrivoltaic Market.
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Israel Agrivoltaic Market Dynamics: 2024-2030
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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Israel Agrivoltaic Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
· By Cell Type
o Monocrystalline- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o Polycrystalline- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
According to report, Based on cell type, Monocrystalline is a leading segment and is expected to hold the majority of the market share in the Israel Agrivoltaic Market during 2024-30.
· By Placement
o Standalone- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o Shading Nets- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o Greenhouse- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o Others (Solar Fence, Solar Window, etc.) - Market Size & Forecast 2019-2030F, Installed Capacity (MW)
According to report, Greenhouse agrivoltaic is expected to hold the majority of the market share in the Israel Agrivoltaic Market during 2024–30.
· By Crop Collaboration
o Vegetables- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o Fruit- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o Crop- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o Others (Herbs, etc.) - Market Size & Forecast 2019-2030F, Installed Capacity (MW)
· By Type of Solar Panel
o Opaque- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o Semi-Transparent- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o Transparent- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
· By Power Output
o Upto 10 KWh- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o 10.1 to 50 KWh- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
o More Than 50 KWh- Market Size & Forecast 2019-2030F, Installed Capacity (MW)
By Region
· East
· West
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Israel Agrivoltaic Market:
- Enel Green Power
- Engie
- Teralight Solar Tech
- SolarEdge
- Sun Agri
- Doral Energy
- Trisolar
- Trina Solar
- Agri-Light Energy System Ltd.
- BayWa r.e.
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