Adoption of sustainable farming methods with low environmental impact to bolster demand for Photovoltaic Greenhouse; need to increase arable land in semi-arid regions to boost the market growth

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OVERVIEW

Photovoltaic Greenhouse Market is expected to reach USD 813.5 million by the end of 2026.

Bizlytik analysts forecast the global Photovoltaic Greenhouse market to grow at a CAGR of 16.3% during the forecast period, according to their latest market research report.

Photovoltaic Greenhouses are generally designed with solar photovoltaic panels fitted at the rooftop for the accumulation of renewable solar energy. The accumulated solar energy is applied for temperature and humidity control settings inside the photovoltaic greenhouses, such that the land under cultivation is used to grow a variety of vegetables and fruits.

The shortage of agricultural land pushing for the adoption of artificial cultivation methods in semi-arid regions and the rising need to adopt sustainable farming methods with low environmental impact are the influential primary factors that would bolster the prospects of market growth during the forecast period. The efforts to reduce the emission of greenhouse gases directly into the atmosphere has also been promoted through the adoption of photovoltaic greenhouse sites, which would improve the prospects of market growth. Moreover, the concept of photovoltaic energy utilization into constructive developmental tasks have further found customer appeal for its operational viability and cost feasibility over a long-term period, encouraging the growth of the market. The need to promote agricultural practices to sustain the ever-growing global population has influenced the start of agriculture using artificial means such as photovoltaic greenhouses in semi-arid regions. The gradual interest in the integration of renewable resources for green agricultural practices in emerging areas would offer new opportunities for the product application and business expansion over the forecast period.

The ongoing implications of the Covid-19 pandemic have resulted in the postponement of new photovoltaic greenhouse construction activities, owing to the uncertainty in demand and lack of skilled labor force willing to remain operational during the pandemic. The restrictions on the travel of people and goods have given rise to significant hurdles in the logistics & shipping industry, which has also impacted the product capabilities of the Photovoltaic Greenhouse sector. The disruption in the supply chain has also led to severe complications in the operational continuation of existing greenhouses, with several orders for essential fertilizers and other chemicals predicted to face substantial delays in delivery. However, the situation is expected to improve with time gradually.

Single Pitch and Multiple Pitches are covered in the Type segment of the market scope, while the Application segment is categorized into Vegetables, Fruits, Flowers, and Others. The report covers the overall value of the market, both in terms of Type and Application.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

The Photovoltaic Greenhouse market is moderately fragmented, with several global and regional companies operating with multiple greenhouse facilities for high yield and a strong network of harvested produce distribution to global markets. The expansion of business opportunities through strategic collaborations and increasing investments aimed at the extension of photovoltaic greenhouse facilities are the primary business strategies of top players.

Cap Vert Energie SAS is one of the most significant companies of the global Photovoltaic Greenhouse Market in terms of production value, with RICHEL Group and Reden Solar among many other vendors to hold substantial market share by value.