Global Agrivoltaics Market Insights & Analysis
The Global Agrivoltaics Market is anticipated to register a CAGR of around 15% during the forecast period, i.e., 2024-32, and the market is valued at around USD 3.8 billion in 2024. As the market involves agricultural systems integrating solar energy production with farming practices, such as crop production or animal husbandry, it is estimated to upscale.
Agrivoltaics represents the integration of agricultural & photovoltaic (PV) technologies, enabling the dual utilization of farmland for crop cultivation & solar power generation. This concept is referred to by various terms, such as agripv, agrisolar, agriphotovoltaics, and dual-use solar. This system is designed to facilitate farming operations, livestock grazing, and the installation of solar panels, thereby efficiently resolving the land usage friction between agriculture & solar energy production. Hence, owing to its beneficial characteristics, the demand for agrivoltaic systems is increasing with the progressing years.
The global energy and agriculture sectors are facing substantial challenges due to the fast shifts in climate, depicted by rising temperatures, decreasing rainfall, and growing concerns about water scarcity. Hence, these difficulties are influencing the adoption of agrivoltaic, a solution that efficiently harnesses sunlight for better crop cultivation.

Agrivoltaic systems have achieved impressive results in harsh growing conditions. For example, cherry tomato production doubled in Arizona, & chiltepin peppers tripled under solar panels. In Kenya, higher panel density reduced water needs for irrigation by half, leading to relatively more giant cabbages. This is significant for countries like Kenya, where droughts due to global warming affect food and water security. Moreover, Agrivoltaics also creates a more favorable growing environment & provides the potential for climate-change resilience, further encouraging market growth.
Moreover, these systems typically include the installation of solar panels over crops to provide shade to increase crop yields while generating renewable energy. The market involves producing, selling, and installing agrivoltaic systems and related technologies, services, and equipment. Consequently, the increasing demand for renewable energy & sustainable agricultural practices are the prominent factors driving the Agrivoltaics Market growth in the future years.
Global Agrivoltaics Market Dynamics
- Ever-increasing Demand for Renewable Energy Worldwide to Surge Market Growth
The growing demand for renewable energy arises from the developing concern for climate change & the negative impacts of traditional energy sources such as fossil fuels. As the world continues to struggle with the need to reduce greenhouse gas emissions & combat climate change, renewable energy sources like solar energy have become increasingly popular.
Moreover, as more countries set ambitious targets for carbon neutrality, the adoption of agrivoltaic systems is expected to boost, providing a promising solution for sustainable energy generation & agricultural cultivation. Further, it will aid in driving the Global Agrivoltaics Market size in the forthcoming years.
- Inadequate Skilled Workforce for Solar Panel Setup
Installing solar panels necessitates the skills of highly trained professionals who must complete specialized training & certification to execute the job proficiently. Additionally, positioning solar panels on agricultural land demands a specific understanding of the process, as they must be elevated slightly above the ground to prevent any disruption to the crops.
As a result, a scarcity of skilled workforce who are capable of precisely installing solar panels on agricultural properties without harming the crops may pose a potential challenge to the expansion of the Agrivoltaics Market across the globe in the near future.
- Adoption of Agrivoltaics for Sustainable Agricultural Practices Remained the Key Trend
Numerous European countries, especially the UK, where sustainable land use has become paramount, are actively seeking to incorporate the usage of Agrivoltaics, making it a viable solution for areas with limited land availability. The solar panels installed above crops provide shade & reduce water evaporation, which can result in higher crop yields, therefore making this system one of the trending choices across the globe.
In addition, these panels also generate electricity, which can be used to power the farm or be sold back to the grid. Hence, this dual usage of land provides a more sustainable approach to agriculture while contributing to adopting these advanced cultivation systems, further upscaling the Global Agrivoltaics Market growth.
Global Agrivoltaics Market Segment-wise Analysis
By Type of Material:
- Solar Panels
- Solar Paints
Agrivoltaics has a global installed capacity of almost 2,900 MW, with solar panels being the dominating material type. Conventional solar panels are the most common & proven technology, requiring about 9 panels to generate 1 watt of electric energy. However, initial expenses & installation difficulties deter many from using rooftop panels. Furthermore, by modifying the density or slope of the solar panels, fixed solar panels improve the installation, further becoming a flourishing segment of the Global Agrivoltaics Market.
By Cell Type:
- Monocrystalline
- Polycrystalline
Monocrystalline PV cells are in high demand due to their higher efficiency, ranging from 20% to 24%, and their reliability. Their longevity, embedded energy per panel, higher efficiency, and sleek aesthetics contribute to their growing demand.
Regional Projection of the Global Agrivoltaics Industry
The Global Agrivoltaics Market is geographically diversified, covering:
- Asia-Pacific
- North America
- South America
- Europe
- The Middle East & Africa
The Asia-Pacific region is presumed to lead the Agrivoltaics Market in the coming years, particularly in China, Japan, and India due to the rising adoption of solar modules. China, the largest producer of photovoltaic modules, installed significant agrivoltaics capacity over the historical period. This can be attributed to the favorable policies & the rising need to broaden domestic energy demand. Hence, such systems are expected to help resolve overcapacity issues and promote modern agriculture methods in China & many other countries in the Asia-Pacific region.
What Does Our Global Agrivoltaics Market Research Study Entail?
- The Global Agrivoltaics Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
- The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
- The Global Agrivoltaics Market Research Report entails details about the most critical shifts in market share in the prominent regions.
- Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.
Table of Contents
- Introduction
- Objective of the study
- Product Definition
- Market Segmentation
- Study Variables
- Research Methodology
- Secondary Data Points
- Companies Interviewed
- Primary Data Points
- Break Down of Primary Interviews
- Secondary Data Points
- Executive Summary
- Market Dynamics
- Drivers
- Challenges
- Opportunity Assessment
- Recent Trends and Developments
- Global Agrivoltaic Market Overview (2018-2030)
- Market Size (in USD Millions)
- Market by Installed capacity in Megawatt (MW)
- Global Agrivoltaic Market Share, By Placement Type (In percentage)
- Standalone
- Shading Nets
- Greenhouse
- Others (Solar Fence, Solar Windows, etc.)
- Global Agrivoltaic Market Share, By Material Type (In percentage)
- Panels
- Paints
- Global Agrivoltaic Market Share, By Cell Type (In percentage)
- Monocrystalline
- Polycrystalline
- Global Agrivoltaic Market Share, By Crop Collaboration (In percentage)
- Vegetables
- Fruits
- Crops
- Others (Herbs, etc.)
- Global Agrivoltaic Market Share, By Type of Plant (In percentage)
- Overhead Tilted
- Interspace
- Hybrid
- Global Agrivoltaic Market Share, By Type of Solar Panel (In percentage)
- Opaque
- Semi Transparent
- Transparent
- Global Agrivoltaic Market Share, By Power Output (In percentage)
- Upto 10 KWh
- 10.1 to 50 KWh
- More than 50 KWh
- Global Agrivoltaic Market Share, By Region (In percentage)
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
- Global Agrivoltaic Market Share, By Company
- North America Agrivoltaics Market Overview (2018-30)
- Market Size (in USD Millions)
- Market by Installed capacity in Megawatt (MW)
- North America Agrivoltaic Market Share, By Placement Type
- North America Agrivoltaic Market Share, By Material Type
- North America Agrivoltaic Market Share, By Cell Type
- North America Agrivoltaic Market Share, By Country
- US Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Canada Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- US Agrivoltaic Market Overview
- South America Agrivoltaics Market Overview (2018-30)
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- South America Agrivoltaic Market Share, By Placement Type
- South America Agrivoltaic Market Share, By Material Type
- South America Agrivoltaic Market Share, By Cell Type
- South America Agrivoltaic Market Share, By Country
- Brazil Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Rest of South America Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Brazil Agrivoltaic Market Overview
- Europe Agrivoltaics Market Overview (2018-30)
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Europe Agrivoltaic Market Share, By Placement Type
- Europe Agrivoltaic Market Share, By Material Type
- Europe Agrivoltaic Market Share, By Cell Type
- Europe Agrivoltaic Market Share, By Country
- Germany Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- France Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Italy Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- The Netherlands Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Germany Agrivoltaic Market Overview
- Middle East & Africa Agrivoltaics Market Overview (2018-30)
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Middle East & Africa Agrivoltaic Market Share, By Placement Type
- Middle East & Africa Agrivoltaic Market Share, By Material Type
- Middle East & Africa Agrivoltaic Market Share, By Cell Type
- Asia-Pacific Agrivoltaics Market Overview (2018-30)
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Asia-Pacific Agrivoltaic Market Share, By Placement Type
- Asia-Pacific Agrivoltaic Market Share, By Material Type
- Asia-Pacific Agrivoltaic Market Share, By Cell Type
- Asia-Pacific Agrivoltaic Market Share, By Country
- China Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- India Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Japan Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- South Korea Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- Australia Agrivoltaic Market Overview
- Market Size in USD Millions
- Market by Installed capacity in Megawatt (MW)
- China Agrivoltaic Market Overview
- Competitive Outlook (Company Profiles)
- Enel Green Power
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- JS Power
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Sun' Agri
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Solar Window
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Akuo Energy
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- BayWa r.e.
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Insolight
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- REM Tec
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Zimmermen
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Next2Sun
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Financials
- Enel Green Power
- Contact Us & Disclaimer
Companies Mentioned
- Enel Green Power
- JS Power
- Sun' Agri
- Solar Window
- Akuo Energy
- BayWa r.e.
- Insolight
- REM Tec
- Zimmermen
- Next2Sun
- Others
Frequently Asked Questions