Photovoltaic Greenhouse Market By Type (Single Pitch and Multiple Pitches), By Application (Vegetables, Fruits, Flowers, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Photovoltaic greenhouses use solar renewable energy accumulated through photovoltaic panels generally fitted at the rooftop of greenhouses. The accumulated energy is used to control the temperature and humidity settings artificially inside a greenhouse, such that a variety of vegetation is cultivated, irrespective of the time of the year and the climate conditions.

The Photovoltaic Greenhouse market was valued at 460.7 million US$ in 2022 and is projected to reach 1489.7 million US$ by 2030, at a CAGR of 15.8% during the forecast period.

Photovoltaic Greenhouse Market Revenue by, 2022-2030

Market Dynamics

The rising need to adopt sustainable agricultural methods with low environmental impact and shortage of agricultural land pushing for the adoption of artificial cultivation methods in semi-arid regions are the primary factors driving the market growth. The adoption of greenhouses with controlled climatic conditions has directly led to a shift in environmental impact with a growing focus on the integration of eco-friendly agricultural processes. The incorporation of photovoltaic cells that make use of renewable solar energy for climate control inside the greenhouses has augmented the eco-friendly initiatives and sustainable green efforts of farmlands. The photovoltaic greenhouse sites have also played a significant role in the conversion of readily available renewable resources into meaningful arable land for crop cultivation. However, high initial investments and financial expenditure for product incorporation might hamper the market growth. While the use of renewable resources promotes a level of cost-effectiveness in the operations of a photovoltaic greenhouse, the building of necessary infrastructure and associated electrical control panels require additional financial expenditure and spending from the customer’s side. The gradual interest in the integration of renewable resources for green agricultural practices in emerging regions would provide lucrative opportunities for the market in the coming years. The rising investment in the adoption and integration of renewable resources for land cultivation purposes has gained significant traction in developing countries in the Mediterranean, West Asia, and Middle East regions, offering key vendors with new possibilities of product application and business expansion during the forecast period.

Market Segmentation

The global Photovoltaic Greenhouse market is mainly classified based on Type and Application. Type is segmented into Single Pitch and Multiple Pitches. By Application, the market is divided into Vegetables, Fruits, Flowers, and Others.

The Multiple Pitches segment by Type holds a considerable share in terms of overall market value owing to its advantage of a broad span of the area under cultivation and secure distribution of fertilizers and other irrigational nutrients over multiple pitch crops.

The Vegetable segment by Application is leading in terms of overall value owing to the rising need to bring more and more arable land under cultivation for the growing of vegetables. The increasing demand for increasing the yield of vegetables on a global basis would further bolster the segment growth prospects in the coming years.

Regional Analysis

Based on geography, the global Photovoltaic Greenhouse market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific is a leading region and holds a substantial share in terms of overall market value owing to the establishment of large-scale photovoltaic greenhouses covering broad areas of arable land and increasing investments into renewable energy resources for agricultural practices.

Competitive landscape

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.

Key players operating in the Photovoltaic Greenhouse industry include Opus et Vita, Cap Vert Energie SAS, RICHEL Group, Polysolar Limited, Urbasolar SAS, meeco AG, Reden Solar, Gakon Horticultural Projects, METALSISTEM Italia, Akuo Energy SAS, and Invernaderos e Ingenieria SA.

The expansion of business opportunities through strategic collaborations and increasing investments aimed at the extension of photovoltaic greenhouse facilities are the primarily followed business strategies of the top players looking to capture substantial market share during the forecast period.

Covid-19 Impact Analysis

The outbreak and spread of the Covid-19 pandemic on a worldwide basis have impacted the supply chain dynamics of the Photovoltaic Greenhouse sector, with considerable delays to be expected in the procurement and installation of solar panels on greenhouse sites. The stringent implementation of lockdown and social distancing measures have necessitated a reduction in the workforce and staff numbers of photovoltaic greenhouses, with a close eye on compliance to federal guidelines to curb the spread of the virus. The closure of stores and retail outlets have also initiated a crisis in the sale of agricultural produce after harvesting. The lack of open markets and closing of shops have made it increasingly difficult for harvest sale, which might hamper the growth prospects of the market on a short-term basis. The unprecedented setback to established norms of land cultivation perpetrated by the outbreak of Covid-19 would introduce a degree of flexibility in operational excellence of farming enterprises, with several prospective clients deeming it a correct time for investments and translation of part of their operations to photovoltaic greenhouse models.

Photovoltaic Greenhouse Market Key Segments:

By Type
• Single Pitch
• Multiple Pitches

By Application
• Vegetables
• Fruits
• Flowers
• Others

Key Global Photovoltaic Greenhouse Industry Players
• Opus et Vita
• Cap Vert Energie SAS
• RICHEL Group
• Polysolar Limited
• Urbasolar SAS
• meeco AG
• Reden Solar
• Gakon Horticultural Projects
• METALSISTEM Italia
• Akuo Energy SAS
• Invernaderos e Ingenieria SA

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Photovoltaic Greenhouse Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Impact of COVID-19 on the Photovoltaic Greenhouse market
3.3.1. How the Covid-19 is Affecting the Photovoltaic Greenhouse Industry
3.3.2. Market Trends and Photovoltaic Greenhouse Potential Opportunities in the COVID-19 Landscape
3.3.3. Covid-19 Impact on Key Regions
3.4. Drivers
3.4.1. Rising need to adopt sustainable agricultural methods with low environmental impact
3.4.2. Shortage of agricultural land pushing for adoption of artificial cultivation methods in semi-arid regions
3.5. Restraints
3.5.1. High initial investments and financial expenditure for product incorporation
3.6. Opportunity
3.6.1. Gradual interest in the integration of renewable resources for green agricultural practices in emerging regions
3.7. Porter’s Five Forces Analysis
3.7.1. Porter’s Five Forces Analysis
3.8. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Single Pitch
4.2.1. Market Size & Forecast
4.3. Multiple Pitches
4.3.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Vegetables
5.2.1. Market Size & Forecast
5.3. Fruits
5.3.1. Market Size & Forecast
5.4. Flowers
5.4.1. Market Size & Forecast
5.5. Others
5.5.1. Market Size & Forecast

6. Photovoltaic Greenhouse Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Photovoltaic Greenhouse Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Photovoltaic Greenhouse Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Photovoltaic Greenhouse Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Photovoltaic Greenhouse Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Photovoltaic Greenhouse Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Opus et Vita
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Opus et Vita Product Category, Application, and Specification
7.1.3. Opus et Vita Financial Performance (2018-2019)
7.1.4. Main Business/Business Overview
7.2. Cap Vert Energie SAS
7.3. RICHEL Group
7.4. Polysolar Limited
7.5. Urbasolar SAS
7.6. meeco AG
7.7. Reden Solar
7.8. Gakon Horticultural Projects
7.9. METALSISTEM Italia
7.10. Akuo Energy SAS
7.11. Invernaderos e Ingenieria SA