Agrivoltaics Market Updates

Global Agrivoltaics Market size was valued at USD 4.33 Billion in 2023 poised to grow from USD 5.06 Billion in 2024 to USD 17.48 Billion by 2032, growing at a CAGR of 16.76% in the forecast period (2025-2032).

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. 'Sun'Agri (France)', 'First Solar (USA)', 'Enel Green Power (Italy)', 'BayWa r.e. (Germany)', 'Solargis (Slovakia)', 'TotalEnergies (France)', 'NextEra Energy (USA)', 'Greenvolt (Portugal)', 'JinkoSolar (China)', 'Sungrow Power Supply Co. (China)', 'Trina Solar (China)', 'LONGi Solar (China)', 'Agrivoltaics International (Germany)', 'Solarcentury (United Kingdom)', 'Risen Energy (China)'

The increasing global trend toward sustainable energy solutions has been a prominent driver for the global agrivoltaics market growth. Governments and industries across the globe are being under pressure to meet renewable energy targets, which the agrivoltaic systems satisfy by generating solar power while increasing agricultural productivity, land efficiency, and low carbon footprints.

Rising Adoption of Dual-Use Solar Systems: The global agrivoltaics market trends are seeing a major shift towards dual-use solar systems, which facilitate the use of land for agriculture and solar power generation simultaneously. Dual-use systems maximize land efficiency as farmers can produce renewable energy while farming. Dual-use systems can also save water by shading crops. With increased demand for sustainable land use, the systems are more and more appealing to farmers, propelling the market toward expansion and greater use.

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