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, 2024–2032.

The agrivoltaics market was worth USD 3 billion in 2023 and will be worth USD 6.06 billion by 2030, growing at a CAGR of 9.2% during the forecast period.

 

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.

 

 

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.

 

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	2022
Historical Data	2017 – 2021
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.