Agrivoltaics Market Size, Share & Growth Analysis: 2032 Forecast

Global Agrivoltaics Market Report and Forecast 2024-2032

Study Period

2020- 2032

Market (2024)

USD 3.8 Billion

CAGR

15%

Major Markets Players

Enel Green Power , JS Power , Sun' Agri , Solar Window , Akuo Energy and Others

Understand The Key Trends Shaping This Market

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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
1. Objective of the study
2. Product Definition
3. Market Segmentation
4. Study Variables
Research Methodology
1. Secondary Data Points
  1. Companies Interviewed
2. Primary Data Points
  1. Break Down of Primary Interviews
Executive Summary
Market Dynamics
1. Drivers
2. Challenges
3. Opportunity Assessment
Recent Trends and Developments
Global Agrivoltaic Market Overview (2018-2030)
1. Market Size (in USD Millions)
2. Market by Installed capacity in Megawatt (MW)
Global Agrivoltaic Market Share, By Placement Type (In percentage)
1. Standalone
2. Shading Nets
3. Greenhouse
4. Others (Solar Fence, Solar Windows, etc.)
Global Agrivoltaic Market Share, By Material Type (In percentage)
1. Panels
2. Paints
Global Agrivoltaic Market Share, By Cell Type (In percentage)
1. Monocrystalline
2. Polycrystalline
Global Agrivoltaic Market Share, By Crop Collaboration (In percentage)
1. Vegetables
2. Fruits
3. Crops
4. Others (Herbs, etc.)
Global Agrivoltaic Market Share, By Type of Plant (In percentage)
1. Overhead Tilted
2. Interspace
3. Hybrid
Global Agrivoltaic Market Share, By Type of Solar Panel (In percentage)
1. Opaque
2. Semi Transparent
3. Transparent
Global Agrivoltaic Market Share, By Power Output (In percentage)
1. Upto 10 KWh
2. 10.1 to 50 KWh
3. More than 50 KWh
Global Agrivoltaic Market Share, By Region (In percentage)
1. North America
2. South America
3. Europe
4. Middle East & Africa
5. Asia-Pacific
Global Agrivoltaic Market Share, By Company
North America Agrivoltaics Market Overview (2018-30)
1. Market Size (in USD Millions)
2. 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
1. US Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
2. Canada Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
South America Agrivoltaics Market Overview (2018-30)
1. Market Size in USD Millions
2. 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
1. Brazil Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
2. Rest of South America Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
Europe Agrivoltaics Market Overview (2018-30)
1. Market Size in USD Millions
2. 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
1. Germany Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
2. France Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
3. Italy Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
4. The Netherlands Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
Middle East & Africa Agrivoltaics Market Overview (2018-30)
1. Market Size in USD Millions
2. 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)
1. Market Size in USD Millions
2. 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
1. China Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
2. India Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
3. Japan Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
4. South Korea Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
5. Australia Agrivoltaic Market Overview
  1. Market Size in USD Millions
  2. Market by Installed capacity in Megawatt (MW)
Competitive Outlook (Company Profiles)
1. Enel Green Power
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
2. JS Power
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
3. Sun' Agri
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
4. Solar Window
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
5. Akuo Energy
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
6. BayWa r.e.
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
7. Insolight
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
8. REM Tec
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
9. Zimmermen
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
10. Next2Sun
  1. Company Overview
  2. Business Segments
  3. Strategic Alliance/Partnerships
  4. Recent Developments
  5. Financials
Contact Us & Disclaimer

List of Figure

Figure 1: Market Segmentation of the Global Agrivoltaic Market
Figure 2: Global Agrivoltaic Market Size (USD Millions), 2018-2030
Figure 3: Global Agrivoltaic Market Installed Capacity (Megawatt), 2018-2030
Figure 4: Global Agrivoltaic Market Share by Placement Type (%)
Figure 5: Breakdown of Placement Types: Standalone, Shading Nets, Greenhouse, Others
Figure 6: Global Agrivoltaic Market Share by Material Type (%)
Figure 7: Global Agrivoltaic Market Share by Cell Type (%)
Figure 8: Global Agrivoltaic Market Share by Crop Collaboration (%)
Figure 9: Global Agrivoltaic Market Share by Type of Plant (%)
Figure 10: Global Agrivoltaic Market Share by Type of Solar Panel (%)
Figure 11: Global Agrivoltaic Market Share by Power Output (%)
Figure 12: Global Agrivoltaic Market Share by Region (%)
Figure 13: Global Agrivoltaic Market Share by Company

Figure 14: North America Agrivoltaic Market Size (USD Millions), 2018-2030
Figure 15: North America Agrivoltaic Market Installed Capacity (MW), 2018-2030
Figure 16: North America Agrivoltaic Market Share by Placement Type (%)
Figure 17: North America Agrivoltaic Market Share by Material Type (%)
Figure 18: North America Agrivoltaic Market Share by Cell Type (%)
Figure 19: North America Agrivoltaic Market Share by Country

Figure 20: US Agrivoltaic Market Size (USD Millions)
Figure 21: US Agrivoltaic Market Installed Capacity (MW)

Figure 22: Canada Agrivoltaic Market Size (USD Millions)
Figure 23: Canada Agrivoltaic Market Installed Capacity (MW)

Figure 24: South America Agrivoltaic Market Size (USD Millions), 2018-2030
Figure 25: South America Agrivoltaic Market Installed Capacity (MW), 2018-2030
Figure 26: South America Agrivoltaic Market Share by Placement Type (%)
Figure 27: South America Agrivoltaic Market Share by Material Type (%)
Figure 28: South America Agrivoltaic Market Share by Cell Type (%)
Figure 29: South America Agrivoltaic Market Share by Country

Figure 30: Brazil Agrivoltaic Market Size (USD Millions)
Figure 31: Brazil Agrivoltaic Market Installed Capacity (MW)

Figure 32: Rest of South America Agrivoltaic Market Size (USD Millions)
Figure 33: Rest of South America Agrivoltaic Market Installed Capacity (MW)

Figure 34: Europe Agrivoltaic Market Size (USD Millions), 2018-2030
Figure 35: Europe Agrivoltaic Market Installed Capacity (MW), 2018-2030
Figure 36: Europe Agrivoltaic Market Share by Placement Type (%)
Figure 37: Europe Agrivoltaic Market Share by Material Type (%)
Figure 38: Europe Agrivoltaic Market Share by Cell Type (%)
Figure 39: Europe Agrivoltaic Market Share by Country

Figure 40: Germany Agrivoltaic Market Size (USD Millions)
Figure 41: Germany Agrivoltaic Market Installed Capacity (MW)

Figure 42: France Agrivoltaic Market Size (USD Millions)
Figure 43: France Agrivoltaic Market Installed Capacity (MW)

Figure 44: Italy Agrivoltaic Market Size (USD Millions)
Figure 45: Italy Agrivoltaic Market Installed Capacity (MW)

Figure 46: The Netherlands Agrivoltaic Market Size (USD Millions)
Figure 47: The Netherlands Agrivoltaic Market Installed Capacity (MW)

Figure 48: Middle East & Africa Agrivoltaic Market Size (USD Millions), 2018-2030
Figure 49: Middle East & Africa Agrivoltaic Market Installed Capacity (MW), 2018-2030
Figure 50: Middle East & Africa Agrivoltaic Market Share by Placement Type (%)
Figure 51: Middle East & Africa Agrivoltaic Market Share by Material Type (%)
Figure 52: Middle East & Africa Agrivoltaic Market Share by Cell Type (%)

Figure 53: Asia-Pacific Agrivoltaic Market Size (USD Millions), 2018-2030
Figure 54: Asia-Pacific Agrivoltaic Market Installed Capacity (MW), 2018-2030
Figure 55: Asia-Pacific Agrivoltaic Market Share by Placement Type (%)
Figure 56: Asia-Pacific Agrivoltaic Market Share by Material Type (%)
Figure 57: Asia-Pacific Agrivoltaic Market Share by Cell Type (%)
Figure 58: Asia-Pacific Agrivoltaic Market Share by Country

Figure 59: China Agrivoltaic Market Size (USD Millions)
Figure 60: China Agrivoltaic Market Installed Capacity (MW)

Figure 61: India Agrivoltaic Market Size (USD Millions)
Figure 62: India Agrivoltaic Market Installed Capacity (MW)

Figure 63: Japan Agrivoltaic Market Size (USD Millions)
Figure 64: Japan Agrivoltaic Market Installed Capacity (MW)

Figure 65: South Korea Agrivoltaic Market Size (USD Millions)
Figure 66: South Korea Agrivoltaic Market Installed Capacity (MW)

Figure 67: Australia Agrivoltaic Market Size (USD Millions)
Figure 68: Australia Agrivoltaic Market Installed Capacity (MW)

Figure 69: Competitive Landscape – Company Profiles Overview
Figure 70: Enel Green Power – Strategic Overview and Recent Developments
Figure 71: JS Power – Strategic Overview and Recent Developments
Figure 72: Sun' Agri – Strategic Overview and Recent Developments
Figure 73: Solar Window – Strategic Overview and Recent Developments
Figure 74: Akuo Energy – Strategic Overview and Recent Developments
Figure 75: BayWa r.e. – Strategic Overview and Recent Developments
Figure 76: Insolight – Strategic Overview and Recent Developments
Figure 77: REM Tec – Strategic Overview and Recent Developments
Figure 78: Zimmermen – Strategic Overview and Recent Developments
Figure 79: Next2Sun – Strategic Overview and Recent Developments

List of Table

Table 1: Objective of the Study
Table 2: Product Definition of Agrivoltaic Solutions
Table 3: Market Segmentation Framework
Table 4: Study Variables and Parameters
Table 5: Research Methodology Overview
Table 6: Secondary Data Sources and Points
Table 7: Companies Interviewed for Primary Research
Table 8: Primary Data Points Collected
Table 9: Breakdown of Primary Interviews by Type and Region
Table 10: Executive Summary – Key Market Highlights
Table 11: Market Drivers and Their Impact
Table 12: Market Challenges and Barriers
Table 13: Opportunity Assessment Matrix
Table 14: Recent Trends and Developments Summary

Table 15: Global Agrivoltaic Market Size Forecast (USD Millions), 2018-2030
Table 16: Global Agrivoltaic Market Installed Capacity Forecast (MW), 2018-2030
Table 17: Global Agrivoltaic Market Share by Placement Type (%)
Table 18: Global Agrivoltaic Market Share by Material Type (%)
Table 19: Global Agrivoltaic Market Share by Cell Type (%)
Table 20: Global Agrivoltaic Market Share by Crop Collaboration (%)
Table 21: Global Agrivoltaic Market Share by Type of Plant (%)
Table 22: Global Agrivoltaic Market Share by Type of Solar Panel (%)
Table 23: Global Agrivoltaic Market Share by Power Output (%)
Table 24: Global Agrivoltaic Market Share by Region (%)
Table 25: Global Agrivoltaic Market Share by Company

Table 26: North America Agrivoltaic Market Size Forecast (USD Millions)
Table 27: North America Agrivoltaic Market Installed Capacity Forecast (MW)
Table 28: North America Agrivoltaic Market Share by Placement Type (%)
Table 29: North America Agrivoltaic Market Share by Material Type (%)
Table 30: North America Agrivoltaic Market Share by Cell Type (%)
Table 31: North America Agrivoltaic Market Share by Country

Table 32: US Agrivoltaic Market Size and Installed Capacity
Table 33: Canada Agrivoltaic Market Size and Installed Capacity

Table 34: South America Agrivoltaic Market Size Forecast (USD Millions)
Table 35: South America Agrivoltaic Market Installed Capacity Forecast (MW)
Table 36: South America Agrivoltaic Market Share by Placement Type (%)
Table 37: South America Agrivoltaic Market Share by Material Type (%)
Table 38: South America Agrivoltaic Market Share by Cell Type (%)
Table 39: South America Agrivoltaic Market Share by Country

Table 40: Brazil Agrivoltaic Market Size and Installed Capacity
Table 41: Rest of South America Agrivoltaic Market Size and Installed Capacity

Table 42: Europe Agrivoltaic Market Size Forecast (USD Millions)
Table 43: Europe Agrivoltaic Market Installed Capacity Forecast (MW)
Table 44: Europe Agrivoltaic Market Share by Placement Type (%)
Table 45: Europe Agrivoltaic Market Share by Material Type (%)
Table 46: Europe Agrivoltaic Market Share by Cell Type (%)
Table 47: Europe Agrivoltaic Market Share by Country

Table 48: Germany Agrivoltaic Market Size and Installed Capacity
Table 49: France Agrivoltaic Market Size and Installed Capacity
Table 50: Italy Agrivoltaic Market Size and Installed Capacity
Table 51: The Netherlands Agrivoltaic Market Size and Installed Capacity

Table 52: Middle East & Africa Agrivoltaic Market Size Forecast (USD Millions)
Table 53: Middle East & Africa Agrivoltaic Market Installed Capacity Forecast (MW)
Table 54: Middle East & Africa Agrivoltaic Market Share by Placement Type (%)
Table 55: Middle East & Africa Agrivoltaic Market Share by Material Type (%)
Table 56: Middle East & Africa Agrivoltaic Market Share by Cell Type (%)

Table 57: Asia-Pacific Agrivoltaic Market Size Forecast (USD Millions)
Table 58: Asia-Pacific Agrivoltaic Market Installed Capacity Forecast (MW)
Table 59: Asia-Pacific Agrivoltaic Market Share by Placement Type (%)
Table 60: Asia-Pacific Agrivoltaic Market Share by Material Type (%)
Table 61: Asia-Pacific Agrivoltaic Market Share by Cell Type (%)
Table 62: Asia-Pacific Agrivoltaic Market Share by Country

Table 63: China Agrivoltaic Market Size and Installed Capacity
Table 64: India Agrivoltaic Market Size and Installed Capacity
Table 65: Japan Agrivoltaic Market Size and Installed Capacity
Table 66: South Korea Agrivoltaic Market Size and Installed Capacity
Table 67: Australia Agrivoltaic Market Size and Installed Capacity

Table 68: Competitive Outlook – Company Profile Summary
Table 69: Enel Green Power – Financial Overview and Partnerships
Table 70: JS Power – Financial Overview and Partnerships
Table 71: Sun' Agri – Financial Overview and Partnerships
Table 72: Solar Window – Financial Overview and Partnerships
Table 73: Akuo Energy – Financial Overview and Partnerships
Table 74: BayWa r.e. – Financial Overview and Partnerships
Table 75: Insolight – Financial Overview and Partnerships
Table 76: REM Tec – Financial Overview and Partnerships
Table 77: Zimmermen – Financial Overview and Partnerships
Table 78: Next2Sun – Financial Overview and Partnerships

Top Key Players & Market Share Outlook

Enel Green Power
JS Power
Sun' Agri
Solar Window
Akuo Energy
BayWa r.e.
Insolight
REM Tec
Zimmermen
Next2Sun
Others

Frequently Asked Questions

A. The Agrivoltaics Market is anticipated to register a CAGR of around 15% during the forecast period, i.e., 2024-32.

A. The ever-increasing demand for renewable energy worldwide to drive the market through 2032.

A. The adoption of agrivoltaics for sustainable agricultural practices is the major trend shaping the growth of the market.

A. Monocrystalline PV Cells are anticipated to acquire the major market share during the forecast period.

A. The Agrivoltaics Market in Asia-Pacific is expected to grow rapidly due to the increasing installation of solar panels on agricultural lands & numerous favorable initiatives.

A. Enel Green Power, JS Power, Sun' Agri, Solar Window, Akuo Energy, BayWa r.e., Insolight, REM Tec, Next2Sun, etc., are the major competitors in the Agrivoltaics Market.

A. The Agrivoltaics Market size was valued at around USD 3.8 billion in 2024.