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Agrivoltaic Market Size - By System Design (Fixed, Dynamic), By Harvest Type (Root Crops, Vegetables, Fruits), By Placement (Ground Mounted, Shading Nets, Greenhouses), 2025 – 2034
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Agrivoltaic Market
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Base Year: 2024
Companies covered: 17
Tables & Figures: 20
Countries covered: 13
Pages: 120
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Agrivoltaic Market Size
The agrivoltaic market size was valued at USD 6.3 billion in 2024 and is likely to grow at a CAGR of 5.6% from 2025 to 2034, driven by large-scale solar installations and innovative solar designs integrated with agriculture. The panels offer animals and plants protection from drought and extreme heat by providing partial shade and the agrarian economies hold high potential for the utilization of such systems. According to the NREL 2023, the U.S. has identified more than 314 locations across the economy for agrivoltaic production, presenting over 2.8 GW of solar capacity combined with crop production.
The launch of newer funding schemes and stronger emphasis of cost effective co-location models will change the business environment. Growing concerns about land between the agricultural and solar activities along with ongoing adoption across developed economies including France, Germany and Italy will uplift the industry scenario. Introduction of guidelines and standards across the economies to form the regulatory framework is set to drive the product demand.
Efficient production of food and electricity across the land scare regions, and utilization of abundant sunlight and vast available agricultural landscapes across the regions will contribute to the business momentum. For instance, in 2022, the economic output of the fishery sector for Shandong province accounted for nearly 11.5% of the China’s aquaculture production. Further, the panels mounted over vegetation have lower surface temperatures enhancing the module efficiency, contributing to product penetration.
Agrivoltaic Market Trends
The integrated approach aiming to maximize land efficiency and provide additional economic benefits to farmers along with its significant contribution to the growth of renewable energy capacity will enhance the business scenario. According to the National Investment Promotion & Facilitation Agency, India intends to generate about 50% of its overall electric power needs from non-fossil fuel sources, with 50% of that energy coming from renewable sources by 2030.
Several test studies to understand the crop related benefits of agrivoltaics will drive the market growth. For instance, in 2022, a test plot of agrivoltaic systems in Kenya produced 24% larger cabbages and required 47% less water for irrigation. Additionally, key benefits for farmers, including income diversification, crop protection and better working conditions will augment the agrivoltaic market landscape.
Ongoing collaborative efforts among energy companies, local communities and farmers along with shifting focus on setting up the proper regulatory framework will support institute a favorable business scenario. Implementation of Agri PV systems across Italy, China, Japan, Germany and southern part of Africa will drive the product demand. For instance, the Solarpower Europe, in 2024, presented its digital map declaring more than 200 agrisolar projects present across 10 European countries.
Growing energy transition to clean energy sources and shifting focus on minimizing the effects of climatic crisis on agriculture will contribute to the product adoption. Increasing collaboration between research centers, nonprofit organizations, universities and startups to understand the characteristics of the local area and further add value to the projects is set to stimulate the Agri PV system penetration in the coming years.
Key benefits of agrivoltaics including greater yield from land, improved biodiversity and less water consumption for irrigation will drive the market scenario. For instance, in 2024, Agrivoltaico Open Labs initiative was introduced in Italy, to test the integration of solar energy production, biodiversity protection and agriculture. Further, Sentnet provided innovative technology of vertically arranged double sided PV modules across the demonstrative 44 KWp system.
Agrivoltaic Market Analysis
Agrivoltaic Market Share
Agrivoltaic Market Companies:
Eminent players operating in the agrivoltaics industry are:
Agrivoltaic Industry News
This agrivoltaic market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘USD Million’ from 2025 to 2034 for the following segments:
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Market, By System Design
Market, By Harvest Type
Market, By Placement
The above information has been provided for the following regions and countries: