Israel Agrivoltaic Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis
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07 Oct 2024 07:19:47 pm.
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Insights and Analysis of the Israel Agrivoltaic Market (2024-2030)
Israel Agrivoltaic Market size is estimated to grow at a CAGR of around 71.23% during the forecast period, i.e., 2024–30.
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What is driving the Israel Agrivoltaic Market?
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.
What segments define the Israel Agrivoltaic Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Placement
(Standalone, Shading Nets, Greenhouse, Others (Solar Fence, Solar Window, etc.)),
By Cell Type
(Monocrystalline, Polycrystalline),
By Crop Collaboration
(Vegetables, Fruit, Crop, Others (Herbs, etc.)),
By Type of Solar Panel
(Opaque, Semi-Transparent, Transparent),
By Power Output
(Upto 10 KWh, 10.1 to 50 KWh, More Than 50 KWh)
By Region
East, West
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Who are the leading key players shaping the Israel Agrivoltaic Market landscape?
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.
Questions Addressed in this Study
1.What factors are driving the Israel Agrivoltaic Market growth?
2.How is the Israel Agrivoltaic Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Israel Agrivoltaic Market?
4.What is the current size of the Israel Agrivoltaic Market, and how is it projected to change in the future?
6.What is the future outlook for the Israel Agrivoltaic Market in terms of technological advancements and market expansion?
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