Agrivoltaics Market
Report ID: SQMIG55F2073
Report ID: SQMIG55F2073
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Report ID:
SQMIG55F2073 |
Region:
Global |
Published Date: May, 2025
Pages:
194
|Tables:
87
|Figures:
71
Global Agrivoltaics Market size was valued at USD 5.87 Billion in 2024 and is poised to grow from USD 6.88 Billion in 2025 to USD 24.66 Billion by 2033, growing at a CAGR of 17.3% during the forecast period (2026–2033).
One of the main drivers of the global agrivoltaics industry is growing demand for renewable energy. With mounting concerns about climate change and environmental degradation, governments and corporations are looking to cut carbon emissions and dependence on fossil fuels. Agrivoltaics, the combination of solar power generation with agricultural land, presents a viable solution. By combining solar panels with farming, agrivoltaics allows farmers to generate electricity while continuing to cultivate crops. Not only does this approach reduce carbon footprints, but it also provides energy to nearby communities, promoting energy autonomy. With increasingly supportive renewable energy policies, investments in agrivoltaics systems increase. The integration of farm land and solar installations enhances the world's transition to clean energy, which continues to boost demand for agrivoltaics solutions.
A key factor influencing the growth of the agrivoltaics market is land availability and the concept of dual land use. Agricultural land in most areas is scarce, and pressure mounts to intensively use it. Agrivoltaics resolves this by providing the possibility of simultaneous usage of land for solar power generation and farming. This dual purpose makes agrivoltaics particularly appealing where land is not readily available or affordable. The ability to produce both food and energy on the same plot of land is economically advantageous and ensures that valuable agricultural resources are utilized efficiently. As more regions adopt agrivoltaic systems, the market's expansion is propelled by this cost-effective and sustainable land-use solution.
What Role does AI-Driven Tools Play in Optimizing Energy Production for Agrivoltaic Systems?
AI is directly influencing the agrivoltaics market globally by improving system efficiency and optimizing energy output. AI-based tools scan weather conditions, soil health, and solar panel operation to inform the optimal periods for energy production and crop yields. Data-driven management enhances both energy and agricultural output management, maximizing land use. For instance, AI-equipped drones and sensors track crop health beneath solar panels, allowing precision farming. Moreover, AI models facilitate the creation of sophisticated agrivoltaic designs that better incorporate solar energy systems with farming practices, driving the market's growth.
In December 2023, Turkey opened its first agrivoltaics research project in the ODTU-GUNAM Center for Solar Energy Research and Applications. The project targets crop-specific tracker system development to boost efficiency and productivity in agrivoltaic applications. By optimizing solar tracking technologies to meet the requirements of different crops, the project will improve energy generation and agricultural yields. This accomplishment demonstrates Turkey's commitment to the implementation of renewable energy sources in accordance with traditional agriculture methods, ensuring sustainable land use and contributing to global development of agrivoltaic systems.
Market snapshot - 2026-2033
Global Market Size
USD 5.0 billion
Largest Segment
Dynamic
Fastest Growth
Fixed Solar Panels
Growth Rate
17.3% CAGR
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Global Agrivoltaics Market is segmented by System Design, Crop Type, Placement, Material Type, Cell Type, Crop Collaboration, Type of Agrivoltaics Plant, Type of Solar Panel, Power Output and region. Based on System Design, the market is segmented into Fixed Solar Panels Over Crops and Dynamic Agrivoltaics. Based on Crop Type, the market is segmented into Leafy Greens, Root Crops and Fruits & Other Crops. Based on Placement, the market is segmented into Standalone, Shading Nets, Greenhouse and Others (Solar Fence, Solar Windows, etc.). Based on Material Type, the market is segmented into Panels and Paints. Based on Cell Type, the market is segmented into Monocrystalline and Polycrystalline. Based on Crop Collaboration, the market is segmented into Vegetables, Fruits, Crops and Others (Herbs, etc.). Based on Type of Agrivoltaics Plant, the market is segmented into Overhead Tilted, Interspace and Hybrid. Based on Type of Solar Panel, the market is segmented into Opaque, Semi-Transparent and Transparent. Based on Power Output, the market is segmented into Up to 10 MWp, 10.1 to 50 MWp and More than 50 MWp. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The startup ecosystem of the global agrivoltaics market is vibrant, with innovative startups combining solar power with farming to maximize land utilization. These startups are developing sustainable agriculture, solar energy generation, and energy efficiency, attracting investors, governments, and agricultural industries. Their focus is on developing solar tracking technologies, precision farming solutions, and advanced solar panel systems designed to improve both agricultural productivity and renewable energy generation.
Established in the year 2016, Sun'Agri is a French agrivoltaics startup that specializes in developing advanced solar tracking systems designed for agricultural applications. Their systems combine renewable energy generation with agriculture, providing economic and environmental advantages. Sun'Agri's lead product is the Smart Agrivoltaic System, featuring adjustable solar panels to optimize energy harvesting while keeping crop shading at a minimum. The system optimizes sunlight for crops while generating renewable energy. Sun'Agri's innovation is its dynamic solar panel tracking technology. The system also adjusts the angle of solar panels automatically depending on weather conditions and crop growth phases. Through this adjustment, crops are able to get the maximum sunlight exposure while solar panels harvest maximum energy. Farmers therefore gain from increased crop yields and effective energy production, which helps support the sustainability of agrivoltaics.
Established in the year 2018, AgriSolar Solutions is a US-based agrivoltaics startup focusing on delivering solar energy solutions specifically suited for agricultural lands. The company combines solar installations with crop production, ensuring sustainable land use and energy efficiency. AgriSolar's Vertical Solar Panel Systems is engineered for high-density farming operations. The systems enable solar panels to be placed above crops, offering shading and lowering water evaporation, and also producing clean energy. One of AgriSolar's most significant innovations is the Vertical Solar Technology, which is designed to utilize maximum land area for hosting solar panels vertically. This system allows for effective energy generation while reducing the amount of land needed for agriculture as well as solar power production. The system further cuts down on the water requirements of crops by offering maximum shading, making it a drastic necessity in water-poor regions, thus driving farming sustainably.
Established in 2019, FarmSolar, based in India, focuses on creating agrivoltaic solutions that benefit small and medium-scale farmers. The company aims to integrate solar energy with farm crops with a view to doubling farmers' incomes while addressing rural energy access issues. FarmSolar's Modular Solar Units are designed in a manner that allows them to be easily rolled out over farm crops, offering a two-pronged energy-producing and crop-protecting solution. Solar panels can be shifted or reoriented in such a way that it maximizes the light intensity for crops while, at the same time, charging power to rural communities. FarmSolar's modular solar system is one of the innovations that provide flexibility and scalability for farmers. The units are made to be easily assembled and disassembled, and farmers can adjust the solar coverage as the crops grow or when seasonal demands change. This flexibility optimizes solar energy generation without sacrificing agricultural productivity, which makes it a suitable solution for small-scale farmers in rural communities. Secondly, the produced energy is employed to drive irrigation systems, decreasing the demand for external power supply.
Dynamic system design is a crucial innovation in the global agrivoltaics market, maximizing solar energy generation and ensuring crops obtain maximum sunlight. By using adjustable solar panels that adapt to crop growth stages and weather conditions, dynamic systems maximize energy capture without compromising agricultural productivity. This adaptability allows for greater efficiency in both energy generation and farming, making it a favored solution. Dynamic designs take over the market as they are flexible, increase crop yield, and save energy, providing sustainable land use. With the rising demand for renewable energy and agriculture, dynamic systems offer a workable solution for both sectors.
Fixed solar panel systems is the fastest-growing configuration in the global agrivoltaics market owing to their ease, reduced costs of installation, and reliability. Being low in maintenance needs and producing energy reliably, they represent a cost-efficient means for farmers looking for economical renewable energy sources while ensuring productivity of agriculture.
Monocrystalline solar cells are becoming increasingly dominant in the global agrivoltaics market due to their high efficiency, longevity, and space efficiency. Monocrystalline cells are constructed using a single crystal structure, making them more efficient at converting sunlight into electricity compared to other solar cells. Since agrivoltaics require both high energy output and minimal land use, monocrystalline cells are the perfect answer. Their efficiency rate is very high, allowing maximum energy output in even small space, thus, being apt to use on agrivoltaic systems where spaces are constrained. Their blend of all these pros is leading towards their predominance, thus becoming the top selection for agrivoltaic systems.
Polycrystalline solar cells are expected to be the fastest-growing in the global agrivoltaics market due to their lower cost compared to monocrystalline cells. Although slightly less effective, polycrystalline cells offer a budget-friendly option, and hence are suitable for mass-scale agrivoltaic installations. Their affordability encourages greater use by farmers and investors.
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North America is seeing rapid growth in the global market for agrivoltaics due to rising interest in sustainable farming and renewable energy solutions. The U.S. and Canada are embracing agrivoltaic systems to maximize land use, boost crop yields, and produce clean energy. Incentives from governments, innovation in technology, and rising consciousness of environmental gains are fueling market growth. With agriculture and energy sectors converging, North America is at the forefront as a region of agrivoltaics innovation and growth.
The U.S. is a significant contributor to the North America’s agrivoltaics market, driven by its growing focus on renewable energy and sustainable farming practices. Some states, notably California, Arizona, and Texas, are adopting agrivoltaic systems to maximize land use and increase solar power production. Government incentives, including the Investment Tax Credit (ITC), and technology improvements are encouraging adoption. The U.S. is also at the forefront of large-scale agrivoltaic installations, driving innovation in integrating solar panels with agriculture. The nation accounts for approximately 65% of the market based on its large-scale agrivoltaic installations, government incentives, and technology improvements.
Canada is making strides in the North America’s agrivoltaics market, particularly in regions like Ontario and Quebec, where solar energy adoption is rising. The energy transition, agricultural innovation, and sustainability focus of the country are driving the development of the agrivoltaic system. Concerns about maximizing land use and improving crop yields through agrivoltaic technologies are a matter of focus in the Canadian agricultural research institutes and clean energy organizations. Government incentives in the form of clean energy grants and favorable policies for sustainable farming are contributing to the development of the market in Canada. The country contributes approximately 27% share in the market due to country’s research institutions and agricultural innovations are fostering agrivoltaic development, particularly in regions like Ontario and Quebec, where solar energy adoption is growing.
Europe is the fastest growing region in the global agrivoltaics market, fueled by robust environmental policy and the emphasis on integrating renewable energy. France, Germany, and Italy are at the forefront of agrivoltaic initiatives, integrating solar power with agriculture to maximize land use and encourage sustainability. EU policies favoring green energy and agricultural technology contribute to furthering market expansion. Europe's emphasis on sustainable agriculture and energy transformation makes it a leading region for agrivoltaics development.
Germany is a key player in the Europe’s agrivoltaics market, driven by its strong renewable energy policies and technological innovations. The nation is combining solar power with farming to maximize land utilization and enhance agricultural productivity. Germany's leadership in solar technology and dedication to sustainability play a crucial role in the adoption of agrivoltaic systems. Research efforts and government support drive the development of agrivoltaics, especially in regions with high levels of solar potential intended for agriculture. The nation accounts for approximately 40% of the market owing to being at the leading edge of combining agriculture with solar energy, and hence, is a top factor in market growth.
France is a prominent contributor to the Europe’s agrivoltaics market in Europe, with a focus on sustainable farming practices and renewable energy integration. The nation has undertaken a number of agrivoltaic projects, mainly in provinces such as Provence-Alpes-Côte d'Azur. Agrivoltaic development is supported by the government of France through subsidies and incentives. The nation's rich agricultural history coupled with its initiative for clean energy systems makes France a central nation in driving agrivoltaic technologies and solutions for optimal land use. The country contributes approximately 25% share in the market due to forefront of integrating solar energy with agriculture, making it a key player in driving market growth.
Asia Pacific is seeing strong growth in the global agrivoltaics market due to an increasing need for renewable energy and sustainable agriculture solutions. Japan, China, and India are heavily investing in agrivoltaic systems to overcome land constraints, increase agricultural productivity, and produce clean energy. Support from governments, evolution in technology, and growing awareness of climate change are contributing to speedy adoption. Asia Pacific's rich agricultural diversity and emphasis on energy efficiency make it a key market for agrivoltaics.
Japan is a leading player in the Asia Pacific’s agrivoltaics market due to its advanced technology and commitment to sustainability. The nation has incorporated agrivoltaic systems into its agricultural industries, especially in rural regions where land optimization is a key factor. Government policies favoring renewable energy and agricultural development in Japan have contributed to immense investments, reinforcing its leading role in the market. The nation accounts for approximately 40% of the market due to its superior technological advancements and robust government backing for renewable energy solutions.
South Korea has made significant strides in the global agrivoltaics market, focusing on research and development to enhance solar energy efficiency and agricultural productivity. The nation's efforts towards green energy adoption and technology development have been key in promoting the expansion of agrivoltaic systems, with rising applications in rural and urban settings. The nation accounts for a 20% market share, boosted by its renewable energy focus, agricultural development, and technological development. AThe nation is combining solar power with farming to maximize land utilization and enhance agricultural productivity. Germany's leadership in solar technology and dedication to sustainability play a crucial role in the adoption of agrivoltaic systems. Research efforts and government support drive the development of agrivoltaics, especially in regions with high levels of solar potential intended for agriculture.n agrivoltaic system is getting more popular in the country to use the land most efficiently in view of sustainability.
Singapore is steadily broadening in the Asia Pacific’s agrivoltaics market with its vision of sustainable urban farming and solar energy integration. The limited land area in the country has piqued the interests of vertical farming and rooftop solar technologies. Singapore is indeed a fast-growing engine in this field due to its investment in the innovative use of agrivoltaics to produce the highest amounts of food while generating energy. The nation accounts for approximately 10% of the market owing to Limited land availability has driven the uptake of agrivoltaic systems, particularly in vertical farming and rooftop solar schemes, and thus it is an emerging force in the region.
Indonesia is growing in the global agrivoltaic market, particularly at rural agricultural locations with an aim to boost food production and renewable energy accessibility. Improved sustainability and energy access has led Indonesia to act on such a technology, which has been garnering significant attention from the public, growing the market share alongside the acceleration of governmental programs and the demand for energy-efficient solutions. The nation holds around 5% market share due to country's emphasis on rural farming regions, covering energy access and enhancing sustainability via agrivoltaic technologies, with growing interest due to government initiatives and local energy needs.
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Increasing Demand for Renewable Energy
Need for Sustainable Land Use
Land Availability and Competition
Climate and Environmental Variability
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The global agrivoltaics market competitive landscape is changing very fast, fueled by growing demand for clean energy sources and technological advancement. Some of the top global players in this market are Sun'Agri, First Solar, Enel Green Power, and BayWa r.e. These organizations work towards creating sophisticated solar tracking systems, solar panels with high efficiency, and combining renewable energy with farming methods. Sun'Agri takes the lead with its innovative solar tracking technology, maximizing energy and crop yield. First Solar leads with increasing solar module efficiency, and BayWa r.e. is at the forefront of developing large-scale agrivoltaic projects, maintaining sustainable agriculture while producing renewable energy.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global agrivoltaics industry is driven by the increasing demand for renewable energy and the need for efficient land use. Agrivoltaics supports the combination of solar power production and agriculture with lessened carbon footprints as well as electric power generation in order to continue farming. Another factor is the availability of land, with multiple land use for the purpose of allowing agricultural land to be put to use in farming as well as power production, particularly favorable where land space is limited or costly.
AI-based solutions are maximizing agrivoltaic systems by examining environmental conditions to enhance energy generation and crop yields. Companies such as Sun'Agri, AgriSolar Solutions, and FarmSolar are revolutionizing with technologies like dynamic solar panels, vertical solar systems, and modular solar units to further maximize land utilization and energy efficiency, fueling the market's expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 5.87 Billion |
| Market size value in 2033 | USD 24.66 Billion |
| Growth Rate | 17.3% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Agrivoltaics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Agrivoltaics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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