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Home » Agriculture » Agrivoltaics Market Size, Share Report

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.

Published On: OCT-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 05370682

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

 

Europe holds the largest market share of Agrivoltaics because of favorable government policies towards setting up renewable energy and green farming technologies. Currently, the region hosts more than 40% of the global agrivoltaics system, mainly powered by countries like France and Germany. For instance, France has initiated several big agrivoltaics projects where solar stations are included in vineyards and arable land to help the farmers get the most out of their fields while creating power from the sun. The most recent changes that Germany has witnessed are in the increase in the application of flexible solar panels to ensure optimum crop and energy production. These projects have already produced positive results, such as a yield increase of the crops by 10-20% in some areas freed from heat stress and water deficit. Europe’s high-level sustainable objectives in the renewable energy and agricultural sectors continue to place it strategically in the leadership of the 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

Frequently Asked Question About This Report

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Table of Contents

1.    AGRIVOLTAICS MARKET – PRODUCTION VOLUME BY REGION, (2024 – 2030)
1.1. North America
1.2. Europe
1.3. Asia Pacific
1.4. Latin America
1.5. Middle East & Africa
2.    AGRIVOLTAICS MARKET – REVENUE ($MILLION), BY REGION, (2024 – 2030)
2.1. North America
2.2. Europe
2.3. Asia Pacific
2.4. Latin America
2.5. Middle East & Africa
3.    MARKET SHARE ANALYSIS – AGRIVOLTAICS MARKET
3.1. Top 20 Players with Product Mix, Revenue, and Sales Volume
3.2. Market Share, 2023
3.3. Market By Crop Type of Agrivoltaics and End Use Outlook Analysis
4.    HISTORIC TRENDS IN AGRIVOLTAICS MARKET
5.    EMERGING MARKET TRENDS
6.    NORTH AMERICA AGRIVOLTAICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
6.1. North America Agrivoltaics Historical Market ($MILLION), (2017 – 2023)
6.2. North America Agrivoltaics Market ($MILLION) and Forecasts (2024 – 2030)
6.3. North America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Crop Type
6.3.1. Fruits
6.3.2. Vegetables
6.3.3. Grains
6.3.4. Herbs & Spices
6.3.5. Vineyards
6.4. North America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By System Type
6.4.1. Fixed Solar Panels
6.4.2. Dynamic/Adjustable Solar Panels
6.5. North America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Solar Panel Type
6.5.1. Monocrystalline
6.5.2. Polycrystalline
6.5.3. Thin-Film Solar Panels
6.6. North America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
6.6.1. Agricultural Farms
6.6.2. Greenhouses
6.6.3. Horticultural Fields
6.6.4. Livestock Farms
6.7. North America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
6.7.1. USA
6.7.2. Canada
6.7.3. Rest of North America
7.    USA AGRIVOLTAICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.    EUROPE AGRIVOLTAICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
8.1. Europe Agrivoltaics Historical Market ($MILLION), (2017 – 2023)
8.2. Europe Agrivoltaics Market ($MILLION) and Forecasts (2024 – 2030)
8.3. Europe Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Crop Type
8.4. Europe Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By System Type
8.5. Europe Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Solar Panel Type
8.6. Europe Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
8.7. Europe Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
8.7.1. Germany
8.7.2. France
8.7.3. UK
8.7.4. Italy
8.7.5. Spain
8.7.6. Rest of Europe
9.    APAC AGRIVOLTAICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
9.1. APAC Agrivoltaics Historical Market ($MILLION), (2017 – 2023)
9.2. APAC Agrivoltaics Market ($MILLION) and Forecasts (2024 – 2030)
9.3. APAC Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Crop Type
9.4. APAC Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By System Type
9.5. APAC Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Solar Panel Type
9.6. APAC Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
9.7. APAC Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
9.7.1. China
9.7.2. Japan
9.7.3. South Korea
9.7.4. India
9.7.5. Australia
9.7.6. Rest of APAC
10.    LATIN AMERICA AGRIVOLTAICS MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
10.1. Latin America Agrivoltaics Historical Market ($MILLION), (2017 – 2023)
10.2. Latin America Agrivoltaics Market ($MILLION) and Forecasts (2024 – 2030)
10.3. Latin America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Crop Type
10.4. Latin America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By System Type
10.5. Latin America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Solar Panel Type
10.6. Latin America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Application
10.7. Latin America Agrivoltaics Market Type ($MILLION), and Forecasts (2024 – 2030), By Geography
10.7.1. Brazil
10.7.2. Argentina
10.7.3. Rest of Latin America
11.    COMPANY PROFILES:
11.1. SUN’AGRI
11.1.1. Company Overview  
11.1.2. Company Snapshot  
11.1.3. Operating business segments
11.1.4. Product offered and Revenue
11.1.5. Production & Sales
11.2. Enel Green Power
11.3. BayWa r.e.
11.4. Solar Power Europe
11.5. Next2Sun
11.6. TotalEnergies
11.7. Fraunhofer ISE
11.8. OTHER MARKET PLAYERS