United Kingdom Agrivoltaic Market Insights Forecasts to 2033

• The United Kingdom Agrivoltaic Market Size was valued at USD 135.6 Million in 2023.
• The Market is Growing at a CAGR of 11.30% from 2023 to 2033
• The United Kingdom Agrivoltaic Market Size is Expected to reach USD 395.47 Million by 2033

The United Kingdom Agrivoltaic Market Size is Anticipated to Exceed USD 395.47 Million by 2033, Growing at a CAGR of 11.30% from 2023 to 2033. Rising demand for renewable energy and sustainable agriculture practices. 

Market Overview

The word "Agrivoltaic" refers to the development of a single land area for both solar photovoltaic electricity and agriculture, allowing the coexistence of two vital businesses. Agrivoltaic structures use panels mounted on cables or structures a few meters above ground to provide access to agricultural equipment. The system may also modify the angle of the panels to maximize their effectiveness, based on a statistical model that analyzes data from land sensors.  The United Kingdom's agrivoltaic market is predicted to expand due to rising demand for green power and sustainable agriculture practices, as well as government incentives and assistance for solar energy and environmentally friendly farming. The growing demand for food production, reduced water consumption in agriculture, and increased power production efficiency are all predicted to contribute to a greater need to focus on current climate change as well as humanitarian challenges employing agrivoltaics.

Report Coverage

This research report categorizes the market for the United Kingdom agrivoltaic market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom agrivoltaic market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United Kingdom agrivoltaic market.

Driving Factors

The study's conclusions state that 40% of the electricity produced in the UK in 2022 came from hydropower, biomass, solar, and wind energy. This represents an increase of 5% from 2021. due to the advantages that renewable energy offers, the UK is investing heavily in this area, reducing its reliance on fossil fuels, and lowering its carbon footprint. As a result, it is expected that its investments in solar energy, particularly agrivoltaic, will increase. The Fraunhofer Institute's research indicates that combining land uses can boost agrivoltaics' efficacy by up to 186%. Additionally, the most recent research shows that photovoltaic power generation increases these farms' worth by over thirty percent.

Restraining Factors

The solar panel system's installation costs are expected to be significantly higher due to the panels' higher above-ground height. It also limits the number of crops that can be cultivated with this technique. This is because the amount of light that reaches Earth will be reduced by the panels. The crops that do not need a lot of light are the only ones that can be grown with panels. These could put a great deal of pressure on the UK agrivoltaic business.

Market Segmentation

The United Kingdom agrivoltaic Market share is classified into product cell type, placement, and application.

• The monocrystalline segment is expected to hold the largest market share through the forecast period.   

The United Kingdom agrivoltaic market is segmented by product cell type into monocrystalline and polycrystalline. Among these, the monocrystalline segment is expected to hold the largest market share through the forecast period.  They consist of silicon solar cells in a single crystal. A bar of pure silicon is manufactured and then cut into wafers with rounded, smooth edges. Solar panels built of monocrystalline material are more expensive and more efficient. They are strong and produce a lot of electricity as they are built as a single cell.

• The elevated structures segment dominates the market with the largest market share over the predicted period.

The United Kingdom agrivoltaic market is segmented by placement into elevated structures, greenhouses or shade nets, and ground. Among these, the elevated structures segment dominates the market with the largest market share over the predicted period. In agrivoltaic solar parks, photovoltaic (PV) panels are positioned higher in the sky to facilitate agricultural growth and even the raising of small livestock like lambs. They are also spaced wider apart to allow more sunshine to reach the ground. According to studies, this tactic, when implemented correctly, may offer compounding advantages, such as shielding plants from temperature extremes, UV rays, and extreme cold, which will increase the yield of various crops.

• The electricity generation segment is expected to hold the largest share of the United Kingdom agrivoltaic market during the forecast period.       

Based on the application, the United Kingdom agrivoltaic market is divided into electricity generation, crop production, and dual-use. Among these, the electricity generation segment is expected to hold the largest share of the United Kingdom agrivoltaic market during the forecast period. The UK agrivoltaic market is dominated by the production of electricity, due to the rising demand for solar energy to reduce carbon emissions and the increasing focus on and investment in renewable energy sources.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom agrivoltaic market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Agrivert
• Solarcentury Holdings Ltd
• Lightsource BP
• Eden Renewables
• Solitude Solar Limited
• Ecotricity
• SolarTech Ltd
• Sunstore Solar Ltd
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2022, The Bluefield group subsidiary Bluefield renewable developments, which designs, constructs, and manages solar farms, received planning approval for four approximately 200 MW projects in the UK.

Market Segment

This study forecasts revenue at the United Kingdom, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Agrivoltaic Market based on the below-mentioned segments:

United Kingdom Agrivoltaic Market, By Cell Type

• Monocrystalline
• Polycrystalline

United Kingdom Agrivoltaic Market, By Placement

• Elevated Structures
• Greenhouses Or Shade Nets
• Ground

United Kingdom Agrivoltaic Market, By Application

• Electricity Generation
• Crop Production
• Dual-Use