Agrivoltaics Market By Crop Type (Fruits, Vegetables, Grains, Herbs & Spices, Vineyards); By System Type (Fixed Solar Panels, Dynamic/Adjustable Solar Panels); By Solar Panel Type (Monocrystalline, Polycrystalline, Thin-Film Solar Panels); By Application (Agricultural Farms, Greenhouses, Horticultural Fields, Livestock Farms); By Geography, Segment revenue estimation, Forecast, 2023–2030

Introduction And Strategic Context

The Global Agrivoltaics Market is anticipated to rise from USD 3 billion in 2023 to USD 6.06 billion by 2030, registering a steady CAGR of 9.2%, supported by solar-agriculture integration, renewable power solutions, sustainable farming practices, energy diversification, PV-based farming, and carbon reduction, as stated by Strategic Market Research.

 

The Agrivoltaics Market is driven by the dual benefits of solar energy production and agricultural use, addressing energy and food security. Solar power capacity is projected to increase by more than 20% annually on an international level worldwide, while agrivoltaics enables the utilization of the same piece of land for farming and PV electricity production. For instance, by applying agrivoltaics, new possibilities for increasing crop productivity can be attained by using shading in hot climate areas that reduce water evaporation and heat stress, affecting crops and generating renewable energy simultaneously. Some new developments include providing photovoltaic or solar panels that can adjust or control the amount of light compounded onto the crops during their growth. In Japan and France, for example, mega forms of agrivoltaics are set up to meet large energy requirements and crop yields to solve the competing land use dilemmas in two of the world’s most threatened worlds.

 

The market for Agrivoltaics thus presents numerous opportunities especially due to increasing global interest in renewable energy and sustainable farming systems. Since solar power is expected to reach a capacity of over 1000 GW by 2025, installing solar panels in the arable land will produce energy and food. Recent studies have revealed that agrivoltaics systems can yield up to an additional 10 to 15% in some areas, especially in arid regions where solar panel coverage minimizes water evaporation and shields crops from excessive heat. More recent innovations are pilot schemes in Germany and India, where farmers deploy agrivoltaics to grow crops and generate electricity simultaneously. Such panel configuration and application advancements establish agrivoltaics as a viable option for areas experiencing high levels of land competition, food production difficulties, and increasing energy demands, offering a win-win scenario for farmers and energy providers.

 

 

Comprehensive Market Snapshot

The Global Agrivoltaics Market is anticipated to rise from USD 3.00 billion in 2023 to USD 6.06 billion by 2030, registering a steady 9.2% CAGR, driven by dual-land-use optimization, renewable integration in agriculture, water efficiency gains, and climate-resilient farming practices.

Regional Market Sizing & Forecasts

• Based on a 15% share, the USA Agrivoltaics Market is estimated at USD 0.45 billion in 2023, and at an 8.1% CAGR is projected to reach USD 0.78 billion by 2030.

• With a 26% share, the Europe Agrivoltaics Market is estimated at USD 0.78 billion in 2023, and at a 7.0% CAGR is expected to reach USD 1.25 billion by 2030.

• With a 36% share, the Asia Pacific (APAC) Agrivoltaics Market is estimated at USD 1.08 billion in 2023, and at an 11.3% CAGR is projected to reach USD 2.28 billion by 2030.

Regional Insights

• APAC accounted for the largest market share of 36% in 2023, supported by rapid solar capacity additions, land-use pressure, government-backed agrarian solar programs, and large-scale pilot deployments.

• Asia Pacific (APAC) is expected to expand at the fastest CAGR of 11.3% during 2023–2030, driven by food security initiatives, rising energy demand, and scalable agrivoltaic installations across China, India, Japan, and Southeast Asia.

 

By Crop Type

• Fruits held the largest market share of approximately 32% in 2023, driven by favorable shading tolerance, reduced water stress, and strong adoption across orchards and vineyards, with an estimated market value of USD 0.96 billion.

• Vegetables (including leafy greens) accounted for 27% of the global market in 2023, translating to an estimated value of USD 0.81 billion, while leafy greens within this category are projected to grow at the fastest CAGR through 2030 due to improved yield consistency under diffused light and rising greenhouse-linked agrivoltaic trials.

• Grains represented 21% of the market in 2023, valued at approximately USD 0.63 billion, supported by large-scale field deployment and land-use optimization benefits.

• Herbs & Spices accounted for 11% of the global market in 2023, with an estimated value of USD 0.33 billion, driven by controlled-environment farming and higher crop-value density.

• Vineyards held the remaining 9% market share in 2023, corresponding to a market size of USD 0.27 billion, supported by increasing adoption of agrivoltaic systems for microclimate regulation and quality enhancement.

 

By System Type

• Fixed Solar Panels accounted for the largest market share of approximately 64% in 2023, reflecting lower capital costs, structural simplicity, and faster deployment across open-field agricultural operations, with an estimated market value of USD 1.92 billion.

• Dynamic / Adjustable Solar Panels represented 36% of the global market in 2023, valued at approximately USD 1.08 billion, and are projected to grow at the highest CAGR through 2030 due to precision light management, yield optimization, and integration with smart-agriculture systems.

 

By Solar Panel Type

• Monocrystalline Solar Panels captured the largest market share of approximately 55% in 2023, driven by superior efficiency, durability, and suitability for land-constrained agrivoltaic layouts, with an estimated market value of USD 1.65 billion.

• Polycrystalline Solar Panels accounted for 28% of the market in 2023, translating to approximately USD 0.84 billion, supported by cost competitiveness and established manufacturing scale.

• Thin-Film Solar Panels represented 17% of the global market in 2023, valued at approximately USD 0.51 billion, and are expected to witness accelerated growth through 2030 due to lightweight structures, greenhouse compatibility, and flexible installation designs.

 

By Application

• Agricultural Farms contributed the largest market share of approximately 48% in 2023, reflecting widespread adoption in open-field crop cultivation and income diversification through on-site energy generation, with an estimated value of USD 1.44 billion.

• Greenhouses accounted for 24% of the global market in 2023, valued at approximately USD 0.72 billion, and are anticipated to expand at a robust CAGR through 2030 due to energy self-sufficiency requirements and integrated solar roofing systems.

• Horticultural Fields represented 18% of the market in 2023, translating to an estimated value of USD 0.54 billion, supported by high-value crop production and controlled light optimization.

• Livestock Farms accounted for 10% of the market in 2024, corresponding to an estimated market value of USD 0.30 billion, driven by demand for controlled-temperature environments in animal health management, breeding programs, and veterinary research applications.

 

Strategic Questions Driving the Next Phase of the Global Agrivoltaics Market

1. What technologies, system configurations, and agricultural applications are explicitly included within the Agrivoltaics Market, and which solar or agri-energy solutions fall outside its scope?

2. How does the Agrivoltaics Market differ structurally from conventional ground-mounted solar, rooftop solar, and standalone agricultural infrastructure markets?

3. What is the current and forecasted size of the Global Agrivoltaics Market, and how is market value distributed across major regions and system types?

4. How is revenue allocated between fixed and dynamic/adjustable agrivoltaic systems, and how is this mix expected to evolve over the forecast period?

5. Which crop categories (e.g., fruits, vegetables, grains, specialty crops) account for the largest and fastest-growing revenue pools within agrivoltaics?

6. Which agrivoltaic segments contribute disproportionately to profitability and margin expansion, rather than installed capacity or acreage alone?

7. How does demand differ across smallholder farms, commercial agricultural operations, and large-scale agri-energy projects, and how does this affect system design and investment size?

8. How are agrivoltaic deployment models evolving across early-stage pilot projects, semi-commercial installations, and fully scaled commercial farms?

9. What role do project lifespan, power purchase agreements, crop yield stability, and long-term maintenance costs play in segment-level revenue growth?

10. How are land availability, water stress, climate variability, and agricultural productivity challenges shaping agrivoltaic adoption across regions?

11. What technical, regulatory, land-use, or grid-integration constraints limit adoption in specific agrivoltaic system or crop segments?

12. How do government incentives, feed-in tariffs, agricultural subsidies, and permitting frameworks influence revenue realization across agrivoltaic projects?

13. How strong is the current innovation pipeline, and which emerging technologies (e.g., AI-enabled tracking, semi-transparent panels, crop-responsive systems) are likely to create new market segments?

14. To what extent will new agrivoltaic technologies expand total addressable agricultural land versus intensify competition within existing installations?

15. How are advances in panel design, mounting structures, and digital monitoring improving crop outcomes, energy yields, and farmer adoption rates?

16. How will declining solar module costs and system standardization reshape competition and pricing dynamics across agrivoltaic solutions?

17. What role will low-cost panel suppliers, modular system integrators, and local EPC providers play in price competition and market expansion?

18. How are leading agrivoltaic developers, solar manufacturers, and agri-technology firms aligning portfolios and partnerships to secure long-term market leadership?

19. Which geographic markets are expected to outperform global growth in agrivoltaics, and which crop types or system designs are driving this outperformance?

20. How should developers, policymakers, and investors prioritize specific regions, crops, and system architectures to maximize long-term economic and sustainability returns?

 

Segment-Level Insights and Market Structure – Agrivoltaics Market

The Agrivoltaics Market is organized around distinct crop categories, system configurations, solar panel technologies, and application environments, each reflecting differences in land use intensity, energy–crop interaction, capital requirements, and operational objectives.
Every segment contributes differently to overall market value, adoption pace, and long-term scalability, shaped by regional farming practices, climate conditions, energy policies, and land productivity goals.

 

Crop Type Insights:

Fruits

Fruit cultivation represents a cornerstone segment within the agrivoltaics market. Orchard-based crops such as apples, berries, citrus fruits, and grapes often benefit from partial shading, which helps mitigate heat stress, reduce water loss, and protect produce quality. From a market perspective, fruit-based agrivoltaic systems deliver strong economic justification, as these crops typically command higher per-acre value and are well suited to elevated panel structures. This segment contributes consistently to market revenues, particularly in Europe and parts of APAC where perennial crops dominate.

Vegetables

Vegetables form a broad and expanding segment in agrivoltaics, encompassing both leafy greens and field-grown produce. Many vegetable varieties respond favorably to diffused sunlight conditions, which can improve growth stability and reduce temperature volatility. Commercially, this segment is gaining momentum as short harvest cycles allow farmers to rapidly evaluate agrivoltaic performance and optimize layouts. The vegetables segment is increasingly central to pilot projects and scalable commercial deployments.

Grains

Grain crops such as wheat, rice, and barley occupy a more selective role within agrivoltaics due to their sensitivity to shading and reliance on mechanized harvesting. However, modified panel spacing and elevated mounting systems are enabling controlled integration in regions facing land constraints or dual-use mandates. While grain-based agrivoltaics currently represent a smaller share of installations, they offer long-term expansion potential in large agricultural economies seeking energy diversification without sacrificing staple crop output.

Herbs & Spices

Herbs and spices represent a niche yet strategically attractive segment. Many of these crops require controlled microclimates and benefit from moderated light exposure, making them suitable for agrivoltaic environments. Their high market value per hectare improves project economics, especially in small-scale and specialty farming operations. As precision agriculture techniques advance, this segment is expected to gain increased relevance.

Vineyards

Vineyards are a distinct and high-value agrivoltaic segment, particularly in wine-producing regions. Solar panels installed above grapevines help regulate temperature extremes, reduce sunburn on grapes, and stabilize ripening cycles. This segment has become a reference model for agrivoltaics in Europe, demonstrating how energy generation and premium agriculture can coexist without compromising crop quality.

 

System Type Insights:

Fixed Solar Panel Systems

Fixed agrivoltaic systems form the foundation of current market deployment. These systems involve solar panels mounted at a constant angle and height, offering simplicity in design and lower upfront installation costs. Their reliability and ease of integration make them particularly attractive for large agricultural plots and early-stage adopters. From a market standpoint, fixed systems dominate installed capacity and continue to anchor baseline revenue generation.

Dynamic / Adjustable Solar Panel Systems

Dynamic or adjustable systems represent the innovation-driven segment of the agrivoltaics market. These configurations allow panels to change orientation based on sunlight intensity, crop requirements, or seasonal conditions. Although capital costs are higher, these systems enable superior optimization of both energy output and crop yield. Adoption is accelerating in technologically advanced farming regions, positioning this segment as a key growth driver over the forecast period.

 

Solar Panel Type Insights:

Monocrystalline Solar Panels

Monocrystalline panels constitute the leading solar technology used in agrivoltaic installations. Their high efficiency and space optimization capabilities make them well suited for land-constrained agricultural environments. This segment supports projects where maximizing energy generation per unit area is a priority, particularly in commercial agrivoltaic farms and greenhouse-integrated systems.

Polycrystalline Solar Panels

Polycrystalline panels occupy a cost-sensitive segment of the market. While slightly less efficient than monocrystalline alternatives, they offer a balanced trade-off between performance and affordability. These panels are commonly deployed in large-area installations where land availability is less restrictive and capital efficiency is a key decision factor.

Thin-Film Solar Panels

Thin-film panels represent an emerging and increasingly strategic segment. Their lightweight structure and flexibility allow integration into greenhouses, shade structures, and non-traditional mounting surfaces. This segment is gaining traction as agrivoltaic designs evolve beyond conventional rigid installations, supporting innovation in crop-specific and infrastructure-integrated applications.

 

Application Insights:

Agricultural Farms

Open-field agricultural farms represent the primary application area for agrivoltaic systems. Integrating solar panels into traditional farming operations allows landowners to generate renewable energy while maintaining crop productivity. This application segment is central to national renewable energy targets and rural income diversification strategies, making it a major contributor to market value.

Greenhouses

Greenhouses are the fastest-evolving application segment within agrivoltaics. Solar-integrated greenhouse structures enable efficient energy generation while supporting controlled-environment agriculture. Power produced onsite can be used for lighting, climate control, and irrigation systems, reducing operating costs and improving sustainability metrics. This segment is increasingly favored in high-value horticulture and urban agriculture projects.

Horticultural Fields

Horticultural fields, including flower cultivation and specialty crop farming, represent a growing application area. These environments benefit from partial shading and microclimate regulation, making them well aligned with agrivoltaic deployment. Adoption is expanding as growers seek to balance crop quality with renewable energy integration.

Livestock Farms

Livestock farms represent a complementary application segment, where agrivoltaic systems are used to provide shaded grazing areas and energy for on-site operations. While energy output per hectare may be lower than crop-centric applications, this segment offers strong sustainability and animal welfare benefits, supporting diversified farm revenue models.

 

Segment Evolution Perspective

Across crop types, system designs, solar technologies, and application environments, the agrivoltaics market is transitioning from experimental installations to structured commercial adoption. Established segments continue to underpin current revenues, while dynamic systems, greenhouse applications, and specialty crops are reshaping future growth trajectories. Together, these dynamics are redefining how agricultural land contributes simultaneously to food production and renewable energy generation.

 

Agrivoltaics Market Segmentation

By Crop Type:

• Fruits

• Vegetables

• Grains

• Herbs & Spices

• Vineyards

 

By System Type:

• Fixed Solar Panels

• Dynamic/Adjustable Solar Panels

 

By Solar Panel Type:

• Monocrystalline

• Polycrystalline

• Thin-Film Solar Panels

 

By Application:

• Agricultural Farms

• Greenhouses

• Horticultural Fields

• Livestock Farms

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Segment Analysis of the Agrovoltaics Market

By Crop Type:

Leading Segment: Fruits dominate the agrivoltaics market. The cultivation of fruit crops under solar panels has proven effective, as many fruit-bearing plants benefit from partial shading, which can reduce water evaporation & protect against excessive sunlight. In regions like Europe, agrivoltaic systems have been successfully implemented in vineyards, where grapevines thrive under the modified microclimate provided by solar panels.

Fastest-Growing Segment: Leafy Greens are emerging as the fastest-growing segment in agrivoltaics. Crops such as lettuce, spinach & kale have shown positive responses to the diffused light conditions created by solar panels. Research indicates that these conditions can lead to improved growth rates & quality. Projects in various parts of the world are increasingly focusing on integrating solar panels with the cultivation of leafy greens, aiming to enhance both energy production & crop yields.

 

By System Type:

Leading Segment: Fixed Solar Panels are the most prevalent in agrivoltaic installations. These systems involve mounting solar panels at a constant angle & height above the agricultural land. The simplicity & lower installation costs of fixed systems make them a popular choice among farmers & developers. For example, numerous agrivoltaic projects in Asia have adopted fixed solar panel systems to efficiently combine energy generation with crop cultivation.

Fastest-Growing Segment: Dynamic/Adjustable Solar Panels are experiencing rapid growth in the agrivoltaics market. These systems have panels that can move to get the best sunlight for both making energy and helping crops grow. The ability to adjust the panels means they can better manage shade and light, which can improve crop yields and make energy use more efficient. New ideas in this area are becoming popular, especially in places with different types of farming practices.

 

By Solar Panel Type:

Leading Segment: Monocrystalline Solar Panels hold the largest market share in agrivoltaics. Known for their high efficiency & durability, monocrystalline panels are favored for maximizing energy production in limited spaces. Their application is widespread in agrivoltaic projects where land availability is a constraint & high energy output is desired. Monocrystalline solar panels represent a cutting-edge technology that continues to evolve and improve. With their high efficiency, space efficiency, and durability, they are an excellent choice for residential, commercial, and utility-scale solar installations, helping to drive the transition towards a cleaner and more sustainable energy future.

Fastest-Growing Segment: Thin-Film Solar Panels are the fastest-growing segment in this category. Properties like lightweight & flexible make them suitable for integration into various agricultural settings, including greenhouses & structures that may not support heavier panels. The adaptability of thin-film panels allows for innovative applications like installation on greenhouse roofs, enabling simultaneous cultivation & energy generation.

 

By Application:

Leading Segment: Agricultural Farms are the primary application area for agrivoltaic systems. The integration of solar panels into open-field farming operations allows farmers to diversify income streams by producing renewable energy alongside traditional crop cultivation. This approach has been extensively adopted in countries aiming to enhance energy security while supporting agricultural productivity. Agrovoltaic farms are expected to cut emissions by 330,470 metric tonnes of CO2 equivalent each year. This is similar to taking over 71,000 cars off the road annually.

Fastest-Growing Segment: Greenhouses represent the fastest-growing application in the agrivoltaics market. Incorporating solar panels into greenhouse structures enables the efficient use of space & resources which provides energy for heating, cooling & lighting systems within the greenhouse. This integration supports sustainable agricultural practices & reduces operational costs, making it an attractive option for modern farming operations. In 2020, U.S. agrivoltaic sites covered 27,000 acres and generated 4.5 GW of solar energy. By November 2024, these sites had more than doubled in size to 60,000 acres and produced 10 GW of solar energy.

 

By Region:

Leading Region: Europe leads the agrivoltaics market, with countries like Germany, France & the Netherlands pioneering in the adoption of combined solar & agricultural systems. Supportive policies, technological advancements & a strong focus on renewable energy have propelled the growth of agrivoltaics in this region. The EU Solar Energy Strategy urged EU member states to encourage the use of agrivoltaics within their agricultural policies. Consequently, 14 EU member states are now planning to support solar PV through their Common Agricultural Policy (CAP) Strategic Plans.

Fastest-Growing Region: Asia-Pacific is the fastest-growing region in the agrivoltaics market. Rapid industrialization, increasing energy demand, & the need for sustainable agricultural practices are driving the adoption of agrivoltaic systems in countries such as China, Japan, and India. Government initiatives promoting renewable energy integration with agriculture further support this growth trajectory.

 

Agrivoltaics Market Key Players

• Sun'Agri

• REM Tec

• Enel Green Power

• BayWa r.e.

• Solar Power Europe

• Next2Sun

• TotalEnergies

• Fraunhofer ISE

• Insolight

• Zimmermann PV-Stahlbau

 

Agrivoltaics Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 3 billion
Revenue Forecast in 2030	USD 6.06 billion
Overall Growth Rate	CAGR of 9.2%
Base Year for Estimation	2023
Historical Data	2017 – 2022
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Crop Type, By System Type, By Solar Panel Type, By Application, By Region
By Crop Type	Fruits, Vegetables, Grains, Herbs & Spices, Vineyards
By System Type	Fixed Solar Panels, Dynamic/Adjustable Solar Panels
By Solar Panel Type	Monocrystalline, Polycrystalline, Thin-Film Solar Panels
By Application	Agricultural Farms, Greenhouses, Horticultural Fields, Livestock Farms
By Region	North America, Europe, Asia Pacific, LAMEA
Country Scope	US, Mexico, Canada, Germany, UK, France, China, Japan, India, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.