The global market for Agrivoltaic was estimated at US$5.7 Billion in 2024 and is projected to reach US$7.3 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Agrivoltaic market.
Agrivoltaics, the practice of integrating solar photovoltaic (PV) panels with agricultural activities, is gaining traction as a sustainable solution to optimize land use and address the growing global demand for food and renewable energy. With the increasing pressure on agricultural land due to population growth, climate change, and urbanization, agrivoltaics offers a dual-purpose approach that enables farmers to cultivate crops while simultaneously generating clean energy. The concept involves installing solar panels above or alongside crops to provide partial shading, reducing water evaporation and protecting crops from extreme weather conditions such as heatwaves and droughts. This synergy between agriculture and solar energy production enhances land productivity and aligns with global sustainability goals by reducing the carbon footprint of both sectors.
As agrivoltaic technology matures, it is being adopted across diverse agricultural applications, including open-field farming, greenhouse cultivation, and livestock grazing. Farmers are increasingly recognizing the economic benefits of agrivoltaics, as the energy generated can be used to power irrigation systems, greenhouse climate controls, and other farm operations, leading to reduced operational costs. Moreover, the growing interest from governments and policymakers in promoting sustainable farming practices has resulted in favorable regulatory frameworks, financial incentives, and research initiatives that support the adoption of agrivoltaic systems. The expanding awareness of energy-efficient farming solutions, coupled with advancements in solar panel design and energy storage technologies, is driving significant interest in agrivoltaics as a viable and scalable solution for modern agriculture.
How Are Technological Advancements Enhancing Agrivoltaic Systems?
Technological advancements in agrivoltaic systems are playing a crucial role in optimizing energy generation while ensuring minimal disruption to agricultural productivity. The development of bifacial solar panels, which capture sunlight from both sides, has significantly improved energy efficiency, making agrivoltaic installations more economically viable. Additionally, the introduction of adjustable and transparent solar panels allows for better light penetration, enabling crops to receive the necessary sunlight for photosynthesis while generating electricity simultaneously. Innovations in tracking systems have further enhanced energy output by enabling solar panels to follow the sun`s movement throughout the day, maximizing efficiency without obstructing agricultural activities.
Smart farm management systems, which integrate agrivoltaic installations with IoT-based sensors and AI-powered analytics, are also transforming the sector. These systems enable real-time monitoring of soil moisture, crop health, and energy production, allowing farmers to make data-driven decisions to optimize yields and energy usage. Advances in battery storage technology are providing farmers with the flexibility to store excess solar power for use during non-sunny periods, ensuring a reliable power supply for farm operations. Furthermore, research into crop-specific shading requirements and panel positioning is helping optimize agrivoltaic designs to accommodate different types of crops and farming practices, enhancing the overall efficiency of these systems.
What Are the Emerging Trends Driving the Agrivoltaic Market?
Several emerging trends are shaping the agrivoltaic market, driven by the increasing need for sustainable agricultural practices and renewable energy solutions. One prominent trend is the rising adoption of vertical and elevated solar installations, which maximize land utilization while allowing agricultural machinery and livestock to operate efficiently underneath. Vertical agrivoltaic systems, particularly suited for vineyard and orchard farming, enable farmers to maintain traditional cultivation methods while benefiting from renewable energy production. Another significant trend is the growing collaboration between energy companies and agricultural enterprises to develop large-scale agrivoltaic projects that provide clean energy to the grid while supporting local food production.
The adoption of agrivoltaic systems in urban and peri-urban areas is also gaining momentum, as city planners and agricultural entrepreneurs look for innovative ways to integrate food production into urban landscapes. Rooftop and vertical farming agrivoltaic projects are becoming increasingly popular in densely populated cities, contributing to local food security while reducing energy costs. Additionally, the rising consumer preference for sustainable and locally sourced produce is encouraging farmers to adopt agrivoltaic solutions as a means to differentiate their products in the market. Governments and NGOs are also driving interest in agrivoltaics through educational initiatives and demonstration projects that showcase the long-term benefits of these systems for food security and climate resilience.
What Are the Key Factors Driving the Growth of the Agrivoltaic Market?
The growth in the agrivoltaic market is driven by several factors, including advancements in solar technology, increasing demand for sustainable farming solutions, and evolving consumer preferences for eco-friendly agricultural products. The declining cost of solar panels and energy storage systems has made agrivoltaics a financially viable option for farmers looking to enhance their operational efficiency and reduce reliance on fossil fuels. The integration of agrivoltaic systems with precision farming technologies and smart irrigation systems is further driving adoption, enabling farmers to optimize resource use and maximize crop yields. Additionally, the growing focus on food security and climate adaptation has encouraged policymakers to introduce subsidies, tax incentives, and regulatory frameworks that support agrivoltaic adoption. The increasing awareness of the benefits of dual land use, along with the rising number of pilot projects and commercial installations, is expected to propel the market forward, making agrivoltaics a key component of the future sustainable agriculture landscape.
Segments: System Design (Fixed System Design, Dynamic System Design); Harvest Type (Root Crops Harvest, Vegetables Harvest, Fruits Harvest)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
Global Agrivoltaic Market - Key Trends & Drivers Summarized
Why Is Agrivoltaics Emerging as a Sustainable Solution for Agriculture and Energy Production?Agrivoltaics, the practice of integrating solar photovoltaic (PV) panels with agricultural activities, is gaining traction as a sustainable solution to optimize land use and address the growing global demand for food and renewable energy. With the increasing pressure on agricultural land due to population growth, climate change, and urbanization, agrivoltaics offers a dual-purpose approach that enables farmers to cultivate crops while simultaneously generating clean energy. The concept involves installing solar panels above or alongside crops to provide partial shading, reducing water evaporation and protecting crops from extreme weather conditions such as heatwaves and droughts. This synergy between agriculture and solar energy production enhances land productivity and aligns with global sustainability goals by reducing the carbon footprint of both sectors.
As agrivoltaic technology matures, it is being adopted across diverse agricultural applications, including open-field farming, greenhouse cultivation, and livestock grazing. Farmers are increasingly recognizing the economic benefits of agrivoltaics, as the energy generated can be used to power irrigation systems, greenhouse climate controls, and other farm operations, leading to reduced operational costs. Moreover, the growing interest from governments and policymakers in promoting sustainable farming practices has resulted in favorable regulatory frameworks, financial incentives, and research initiatives that support the adoption of agrivoltaic systems. The expanding awareness of energy-efficient farming solutions, coupled with advancements in solar panel design and energy storage technologies, is driving significant interest in agrivoltaics as a viable and scalable solution for modern agriculture.
How Are Technological Advancements Enhancing Agrivoltaic Systems?
Technological advancements in agrivoltaic systems are playing a crucial role in optimizing energy generation while ensuring minimal disruption to agricultural productivity. The development of bifacial solar panels, which capture sunlight from both sides, has significantly improved energy efficiency, making agrivoltaic installations more economically viable. Additionally, the introduction of adjustable and transparent solar panels allows for better light penetration, enabling crops to receive the necessary sunlight for photosynthesis while generating electricity simultaneously. Innovations in tracking systems have further enhanced energy output by enabling solar panels to follow the sun`s movement throughout the day, maximizing efficiency without obstructing agricultural activities.
Smart farm management systems, which integrate agrivoltaic installations with IoT-based sensors and AI-powered analytics, are also transforming the sector. These systems enable real-time monitoring of soil moisture, crop health, and energy production, allowing farmers to make data-driven decisions to optimize yields and energy usage. Advances in battery storage technology are providing farmers with the flexibility to store excess solar power for use during non-sunny periods, ensuring a reliable power supply for farm operations. Furthermore, research into crop-specific shading requirements and panel positioning is helping optimize agrivoltaic designs to accommodate different types of crops and farming practices, enhancing the overall efficiency of these systems.
What Are the Emerging Trends Driving the Agrivoltaic Market?
Several emerging trends are shaping the agrivoltaic market, driven by the increasing need for sustainable agricultural practices and renewable energy solutions. One prominent trend is the rising adoption of vertical and elevated solar installations, which maximize land utilization while allowing agricultural machinery and livestock to operate efficiently underneath. Vertical agrivoltaic systems, particularly suited for vineyard and orchard farming, enable farmers to maintain traditional cultivation methods while benefiting from renewable energy production. Another significant trend is the growing collaboration between energy companies and agricultural enterprises to develop large-scale agrivoltaic projects that provide clean energy to the grid while supporting local food production.
The adoption of agrivoltaic systems in urban and peri-urban areas is also gaining momentum, as city planners and agricultural entrepreneurs look for innovative ways to integrate food production into urban landscapes. Rooftop and vertical farming agrivoltaic projects are becoming increasingly popular in densely populated cities, contributing to local food security while reducing energy costs. Additionally, the rising consumer preference for sustainable and locally sourced produce is encouraging farmers to adopt agrivoltaic solutions as a means to differentiate their products in the market. Governments and NGOs are also driving interest in agrivoltaics through educational initiatives and demonstration projects that showcase the long-term benefits of these systems for food security and climate resilience.
What Are the Key Factors Driving the Growth of the Agrivoltaic Market?
The growth in the agrivoltaic market is driven by several factors, including advancements in solar technology, increasing demand for sustainable farming solutions, and evolving consumer preferences for eco-friendly agricultural products. The declining cost of solar panels and energy storage systems has made agrivoltaics a financially viable option for farmers looking to enhance their operational efficiency and reduce reliance on fossil fuels. The integration of agrivoltaic systems with precision farming technologies and smart irrigation systems is further driving adoption, enabling farmers to optimize resource use and maximize crop yields. Additionally, the growing focus on food security and climate adaptation has encouraged policymakers to introduce subsidies, tax incentives, and regulatory frameworks that support agrivoltaic adoption. The increasing awareness of the benefits of dual land use, along with the rising number of pilot projects and commercial installations, is expected to propel the market forward, making agrivoltaics a key component of the future sustainable agriculture landscape.
Report Scope
The report analyzes the Agrivoltaic market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments: System Design (Fixed System Design, Dynamic System Design); Harvest Type (Root Crops Harvest, Vegetables Harvest, Fruits Harvest)
Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Fixed System Design segment, which is expected to reach US$4.2 Billion by 2030 with a CAGR of a 5.3%. The Dynamic System Design segment is also set to grow at 3.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 8.1% CAGR to reach $1.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Agrivoltaic Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Agrivoltaic Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Agrivoltaic Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Akuo Energy SAS, BayWa AG, Boralex Inc., Insolight SA, JA Solar Technology Co., Ltd. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 43 Featured):
- Akuo Energy SAS
- BayWa AG
- Boralex Inc.
- Insolight SA
- JA Solar Technology Co., Ltd.
- Lightsource bp Renewable Energy Investments Limited.
- Mackin Energy Japan Co., Ltd.
- Mirai Solar Company
- Namaste Solar Electric, Inc.
- Next2Sun Technology GmbH
- REM TEC s.r.l.
- Sandbox Solar LLC
- Solaria Energia Y Medio Ambiente, S.A
- Statkraft AS
- Sun Agri
- SunSeed APV Private Limited
- ZIMMERMANN PV-Steel Group GmbH & Co. KG
Tariff Impact Analysis: Key Insights for 2025
Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.
What’s Included in This Edition:
- Tariff-adjusted market forecasts by region and segment
- Analysis of cost and supply chain implications by sourcing and trade exposure
- Strategic insights into geographic shifts
Buyers receive a free July 2025 update with:
- Finalized tariff impacts and new trade agreement effects
- Updated projections reflecting global sourcing and cost shifts
- Expanded country-specific coverage across the industry
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Akuo Energy SAS
- BayWa AG
- Boralex Inc.
- Insolight SA
- JA Solar Technology Co., Ltd.
- Lightsource bp Renewable Energy Investments Limited.
- Mackin Energy Japan Co., Ltd.
- Mirai Solar Company
- Namaste Solar Electric, Inc.
- Next2Sun Technology GmbH
- REM TEC s.r.l.
- Sandbox Solar LLC
- Solaria Energia Y Medio Ambiente, S.A
- Statkraft AS
- Sun Agri
- SunSeed APV Private Limited
- ZIMMERMANN PV-Steel Group GmbH & Co. KG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 277 |
| Published | April 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 5.7 Billion |
| Forecasted Market Value ( USD | $ 7.3 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
