インドのアグリボルタイクス市場の評価：システムタイプ・セルタイプ・作物タイプ・地域別の機会および予測 (2018-2032年)

インドのアグリボルタイクスの市場規模は、2024年の1億5,603万米ドルから、予測期間中は11.55%のCAGRで推移し、2032年には3億7,408万米ドルの規模に成長すると予測されています。

インドのアグリボルタイクス市場は、農業とエネルギーの両分野における重大な課題に対処できる可能性を原動力に、著しい成長を遂げています。この市場拡大に拍車をかけている主な要因には、土地効率に対する需要の増加とアグリボルタイクスの デュアルユース能力があります。垂直二面パネルなど、アグリボルタイクスの設計における最近の技術革新は、この持続的動向にさらに貢献しています。

さらに、農家にとっての経済的利益がこの成長において重要な役割を果たしています。アグリボルタイクスにより、農家は作物の販売と発電による多様な収入源を得られます。ソーラー開発業者に土地を貸すことで、安定した賃料収入が確保され、農村の生活が向上します。さらに、ソーラーパネルは作物を異常気象から守り、気候の回復力を高め、インドの水不足地域にとって不可欠な要素である水の必要量を削減します。

また、昇降式ソーラーパネル、二面設計、精密農業の統合などの技術的進歩により、アグリボルタイクスはますます実現可能かつ効率的になっています。これらの技術革新は、農業機械の使用を可能にする一方で、作物収量とエネルギー出力を向上させます。政府の政策と再生可能エネルギー目標もこの成長に拍車をかけています。支援制度とパイロットプロジェクトは、 アグリボルタイクスをインドの広範なクリーンエネルギー戦略に統合し、エネルギー安全保障を促進し、気候変動目標を達成することを目指しています。

当レポートでは、インドのアグリボルタイクスの市場を調査し、市場の定義と概要、市場規模の推移・予測、各種区分別の詳細分析、産業構造、市場成長への影響因子の分析、ケーススタディ、競合情勢、主要企業のプロファイルなどをまとめています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

• 回答者の人口統計
• アグリボルタイクスプロジェクトで考慮すべき要素

第5章 インドのアグリボルタイクス市場の展望

• 市場規模の分析・予測
• 市場シェアの分析・予測
  • システムタイプ別
  • セルタイプ別
  • 作物タイプ別
  • 地域別
  • 企業シェア分析 (上位5社およびその他)
• 市場マップ分析

第6章 ポーターのファイブフォース分析

第7章 PESTLE分析

第8章 市場力学

• 市場促進要因
• 市場の課題

第9章 市場の動向と発展

第10章 ケーススタディ

第11章 競合情勢

• 上位5社の競合マトリックス
• 上位5社のSWOT分析
• 上位10社の情勢
  • Waaree Energies Limited
  • Gujarat Industries Power Company Ltd.
  • Saatvik Green Energy Private Limited
  • Abellon Clean Energy Ltd
  • Mahindra Susten Private Limited
  • Vikram Solar Limited
  • RenewSys India Private Limited
  • Jain Irrigation Systems Ltd.
  • Sunseed Apv Private Limited
  • Kanoda Energy Systems Private Limited

第12章 戦略的提言

第13章 当社について・免責事項

List of Tables

• Table 1. Pricing Analysis of Products from Key Players
• Table 2. Competition Matrix of Top 5 Market Leaders
• Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
• Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

• Figure 1. India Agrivoltaics Market, By Value, In USD Million, FY2018-FY2032F
• Figure 2. India Agrivoltaics Market Share (%), By System Type, FY2018-FY2032F
• Figure 3. India Agrivoltaics Market Share (%), By Cell Type, FY2018-FY2032F
• Figure 4. India Agrivoltaics Market Share (%), By Crop Type, FY2018-FY2032F
• Figure 5. India Agrivoltaics Market Share (%), By Region, FY2018-FY2032F
• Figure 6. By System Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 7. By Cell Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 8. By Crop Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
• Figure 9. By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024

India agrivoltaics market is projected to witness a CAGR of 11.55% during the forecast period FY2025-FY2032, growing from USD 156.03 million in FY2024 to USD 374.08 million in FY2032.

The agrivoltaics market in India is experiencing significant growth, driven by its potential to address critical challenges in both the agriculture and energy sectors. Key factors fueling this market expansion include increasing demand for land efficiency and the dual-use capability of agrivoltaics. Recent innovations in agrivoltaic design, such as vertical bifacial panels, further contribute to this ongoing trend.

Moreover, economic benefits for farmers play a crucial role in this growth. Agrivoltaics provide farmers with diversified income streams through crop sales and electricity generation. Leasing land to solar developers ensures steady rental income, which improves rural livelihoods. Additionally, solar panels shield crops from extreme weather, enhancing climate resilience and reducing water requirements, which are essential factors for India's water-scarce regions.

Furthermore, technological advancements like elevated solar panels, bifacial designs, and precision agricultural integration make agrivoltaics increasingly feasible and efficient. These innovations enhance crop yield and energy output while allowing for the use of farming machinery. Government policies and renewable energy targets also fuel this growth; supportive schemes and pilot projects aim to integrate agrivoltaics into India's broader clean energy strategy, promoting energy security and achieving climate goals.

For instance, in August 2024, the Krishi Vigyan Kendra (KVK) in Ujwa, Delhi, inaugurated an agrivoltaics facility featuring solar panels elevated at 3.5 meters with 7.5-meter spacing between rows. The design enhances sunlight exposure for crops and facilitates the use of farming machinery, which addresses the limitations of earlier mounted systems.

Dual Land Utilization for Food and Energy Production Propelling Market Towards Growth

The incorporation of land efficiency, along with the dual-use capabilities of land, has fueled the expansion of the agrivoltaics market in India. As one of the most densely populated countries, India faces significant challenges in managing its arable land, which must simultaneously support agricultural production and renewable energy expansion. Agrivoltaics offers a solution by enabling the dual use of land for farming and solar energy generation, optimizing resource utilization, and reducing land-use conflicts. Elevated solar panels in agrivoltaic systems allow crops to grow underneath or between the structures. This design maximizes land efficiency by maintaining agricultural productivity while generating renewable energy.

Moreover, the partial shading provided by solar panels protects crops from extreme weather conditions, reduces soil moisture evaporation, and enhances overall yield stability. This is particularly beneficial for India's water-scarce regions, where water conservation is critical. Additionally, farmers gain diversified income sources through electricity sales and land leasing, which improves their financial resilience.

Furthermore, by addressing land scarcity and boosting agricultural productivity while contributing to renewable energy goals, agrivoltaics aligns with India's sustainable development priorities. This dual-purpose model drives significant interest and investment, diversifying the market and considerably contributing to its growth.

For instance, in November 2022, Sunseed APV along with Kanoda Energy and GIZ developed agrivoltaics in Parbhani, Maharashtra, as a part of a 50 MW solar project. The fully elevated solar panels were placed at a height of 3.75 meters, allowing uninterrupted farming underneath which highlights land efficiency and a viable business model for integrating solar power with agriculture.

Climate Adaptation and Water Conversation is Fueling the India Agrivoltaics Market Growth

Climate resilience and water use efficiency have fueled the expansion of the agrivoltaics market in India. With increasing climate variability, extreme heatwaves and water scarcity, Indian agriculture faces significant challenges. The agrivoltaics offers a dual solution by providing renewable energy generation while supporting sustainable farming practices under changing climate conditions.

The solar panels in the agrivoltaics systems act as protective canopies, shielding crops from excessive sunlight and reducing soil temperature. The shading helps to mitigate the effects of extreme heat which is becoming common in India due to global warming. Moreover, the moderated microclimate under the panels not only prevents crop damage but also stabilizes yield which further enhances the resilience of farming communities.

Additionally, water use efficiency is another critical benefit which is driving the adoption of agrivoltaics. The partial shading from solar panels reduces evaporation and transpiration rates which allows for significant water conversation which acts as a vital advantage in India's arid and semi-arid regions. The reduced water demand reduces the cost of irrigation for farmers which makes agrivoltaics a financially attractive option.

For example, in January 2023, Indra Solar Farm boasted an installed capacity of 500 kWp across 1.5 acres of land in Madhya Pradesh. The solar panels have been retrofitted into a playhouse Agri-PV structure, allowing for the integration of agricultural practices with solar energy generation. These panels are fixed at a tilt angle of 26 degrees, with inter-row and inter-column spacing set at five meters. The arrangement of the panels in a zigzag pattern ensures optimal sunlight penetration to every part of the land beneath.

Furthermore, the Indra Solar Farm has reported no crop yield loss despite crops being grown under the Agri-PV system. Additionally, water consumption for crop cultivation has been reduced by approximately 50% due to the shade provided by the solar panels, highlighting the project's effectiveness in promoting both sustainable energy and efficient agricultural practices.

Dominance of Fixed Solar Panels in the Agrivoltaics Market

Fixed solar panels have cemented their dominance with strong statistics in the market. This is largely due to the cost-effectiveness and easy installation, which makes them a preferred choice for farmers seeking to utilize solar energy without a costly upfront cost. The relatively low maintenance requirements of fixed solar panels also make them a viable choice for the agricultural sector which often operates with limited resources.

Moreover, the simplicity of fixed systems aligns with the needs of Indian farmers who may not have extensive technical expertise. These panels provide a steady energy source which can be directly used for irrigation, lighting and other agricultural applications. Fixed solar panels can be integrated with traditional farming practices which offer a reliable and consistent power supply without disrupting the land's primary use.

Additionally, India's abundant sunshine makes fixed solar panels highly efficient for energy production which offers farmers an opportunity to generate revenue from unused land while improving energy access. The government's support through subsidies and policies further incentivizes the use of solar technology, contributing to its dominance.

For instance, in August 2023, Sunseed APV along with Kanoda Energy and GIZ, developed 500 KW agrivoltaics in Nashik. The project uses fixed solar panels mounted above agricultural fields, allowing farmers to continue their cultivation underneath while generating renewable energy.

Western Region Emerges as the Dominant Force in the Agrivoltaics Market

Western region is exerting its dominance in India agrivoltaics market. The western states have vast stretches of arid and semi-arid land with high solar irradiance which makes them ideal for dual-use systems that combine agriculture with photovoltaics energy production. The abundance of sunlight ensures optimal solar panel efficiency while the land's adaptability supports crops like millets, leafy vegetables and medicinal plants which thrive under partial shading provided by solar panels.

Moreover, government policies in these states further drive the adoption of agrivoltaics. For example, Maharashtra's renewable energy initiatives include subsidies and incentives under the PM-KUSUM scheme which encourage farmers to integrate solar energy with agriculture. Similarly, Gujarat focuses on farmer-friendly policies and technological innovations to promote agrivoltaics installations.

Furthermore, infrastructural readiness in these regions also plays a crucial role. Both states are leaders in India's renewable energy sector, backed by well-developed solar parks and expertise in solar technology. The robust foundation facilitates the expansion of agrivoltaics in both pilot and commercial sectors.

Future Market Scenario (FY2025 - FY2032F)

Supportive government policies and initiatives, such as the Kisan Urja Suraksha evam Utthaan Mahabhiyaan (KUSUM) scheme, aim to promote decentralized solar generation capacities on agricultural land. This initiative facilitates the installation of grid-connected solar power plants, boosting agrivoltaics adoption.

Increasing emphasis on sustainability and dual land use for energy production and agriculture, which is expected to drive demand for agrivoltaics systems. These systems not only enhance crop yields by providing shade but also improve water use efficiency.

Innovations in agrivoltaics technologies, including dynamic systems that track sunlight and bifacial panels that capture solar energy from both sides, are enhancing the efficiency and feasibility of these projects.

Key Players Landscape and Outlook

Continuous innovation characterizes the landscape of the agrivoltaics market in India, as the companies compete to outperform one another in terms of solar energy efficiency, and unique features. The market prognosis remains positive, owing to increased demand for addressing climate challenges, and dual benefits for farmers. Agrivoltaics manufacturers are concerned with technological advancements, energy efficiency, and environmental practices, which will likely define the industry's future. Collaborations and developing technologies are projected to increase competition in this fast-paced market.

In January 2025, Waaree Energies Limited, one of the largest manufacturers of solar photovoltaic modules in India, agreed to acquire 100% of Enel Green Power India Pvt Ltd (EGP India) from Enel Green Power Development S.R.L. The total consideration for this acquisition amounts to approximately USD 95.5 million.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Respondent Demographics
• 4.2. Factors Consider in the Agrivoltaics Project
  • 4.2.1. Dual Revenue Streams
  • 4.2.2. Cost of Installation
  • 4.2.3. Government Incentives
  • 4.2.4. Soil Health and Crop Compatibility
  • 4.2.5. Consumer Awareness
  • 4.2.6. Technological Factors

5. India Agrivoltaics Market Outlook, FY2018-FY2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By System Type
    • 5.2.1.1. Fixed Solar Panels
    • 5.2.1.2. Dynamic Agrivoltaics
  • 5.2.2. By Cell Type
    • 5.2.2.1. Monocrystalline
    • 5.2.2.2. Polycrystalline
  • 5.2.3. By Crop Type
    • 5.2.3.1. Vegetables
    • 5.2.3.2. Fruits
    • 5.2.3.3. Root Crops
    • 5.2.3.4. Others
  • 5.2.4. By Region
    • 5.2.4.1. North
    • 5.2.4.2. South
    • 5.2.4.3. East
    • 5.2.4.4. West and Central
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, FY2024)
• 5.3. Market Map Analysis, FY2024
  • 5.3.1. By System Type
  • 5.3.2. By Cell Type
  • 5.3.3. By Crop Type
  • 5.3.4. By Region

All segments will be provided for all regions covered

6. Porter's Five Forces Analysis

7. PESTLE Analysis

8. Market Dynamics

• 8.1. Market Drivers
• 8.2. Market Challenges

9. Market Trends and Developments

10. Case Studies

11. Competitive Landscape

• 11.1. Competition Matrix of Top 5 Market Leaders
• 11.2. SWOT Analysis for Top 5 Players
• 11.3. Key Players Landscape for Top 10 Market Players
  • 11.3.1. Waaree Energies Limited
    • 11.3.1.1. Company Details
    • 11.3.1.2. Key Management Personnel
    • 11.3.1.3. Products and Services
    • 11.3.1.4. Financials (As Reported)
    • 11.3.1.5. Key Market Focus and Geographical Presence
    • 11.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 11.3.2. Gujarat Industries Power Company Ltd.
  • 11.3.3. Saatvik Green Energy Private Limited
  • 11.3.4. Abellon Clean Energy Ltd
  • 11.3.5. Mahindra Susten Private Limited
  • 11.3.6. Vikram Solar Limited
  • 11.3.7. RenewSys India Private Limited
  • 11.3.8. Jain Irrigation Systems Ltd.
  • 11.3.9. Sunseed Apv Private Limited
  • 11.3.10. Kanoda Energy Systems Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

12. Strategic Recommendations

13. About Us and Disclaimer