"Global Agrivoltaics Market is valued at USD 6.2 billion in 2025. Further, the market is expected to grow at a CAGR of 13.9% to reach USD 20.1 billion by 2034."
The agrivoltaics market, which refers to the integration of solar photovoltaic systems into agricultural landscapes, is emerging as a promising solution to meet the growing demand for renewable energy and sustainable food production. Agrivoltaics systems combine solar energy production with farming, allowing for the dual use of land for crop cultivation and electricity generation. These systems are designed to optimize land use by providing shade for crops, reducing water evaporation, and enhancing crop growth in certain climates, while simultaneously producing clean energy. This innovative approach helps farmers increase their revenue streams by tapping into solar power generation without sacrificing agricultural productivity, making it a win-win for both energy and food production.
In 2024, the agrivoltaics market is experiencing rapid growth as farmers and energy producers seek ways to maximize land use and address sustainability concerns. The rising need for renewable energy sources, combined with the agricultural sector's need for increased productivity and climate resilience, is driving the adoption of agrivoltaics. Research is ongoing to optimize solar panel placement and crop selection to ensure that both energy production and agricultural output are maximized. In regions with limited land or water resources, agrivoltaics offers a promising solution to address both energy and food security challenges. The market is also seeing increased interest from investors and governments, with several initiatives and subsidies supporting the development of agrivoltaic systems.
Looking forward to 2025 and beyond, the agrivoltaics market is expected to grow exponentially as technology improves, making it more affordable and efficient. Advances in solar panel technology will lead to more efficient systems that can be used in a wider range of climates and farming conditions. The integration of energy storage systems with agrivoltaic installations will also enable farms to store excess energy for use during non-sunny periods. As awareness of the benefits of agrivoltaics grows and governments continue to promote renewable energy, the market will expand globally, particularly in regions facing challenges related to energy access, water scarcity, and land use.
North America is the leading region in the Agrivoltaics Market, fueled by advancements in solar technology, supportive government policies, and the integration of sustainable agricultural practices with renewable energy solutions.
Parameter | Detail |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2026-2032 |
Market Size-Units | USD billion |
Market Splits Covered | By System Design, By Crop Type, By Material Type, By Cell Type, By Placement |
Countries Covered | North America (USA, Canada, Mexico) |
Analysis Covered | Latest Trends, Driving Factors, Challenges, Trade Analysis, Price Analysis, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
Customization | 10% free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
Post-Sale Support | 4 analyst hours, available up to 4 weeks |
Delivery Format | The Latest Updated PDF and Excel Data file |
1. Table of Contents
1.1 List of Tables
1.2 List of Figures
2. Agrivoltaics Market Latest Trends, Drivers and Challenges, 2024- 2034
2.1 Agrivoltaics Market Overview
2.2 Agrivoltaics Market Developments
2.2.1 Agrivoltaics Market -Supply Chain Disruptions
2.2.2 Agrivoltaics Market -Direct/Indirect Impact of Tariff Changes and Trade Restrictions
2.2.3 Agrivoltaics Market -Price Development
2.2.4 Agrivoltaics Market -Regulatory and Compliance Management
2.2.5 Agrivoltaics Market -Consumer Expectations and Trends
2.2.6 Agrivoltaics Market -Market Structure and Competition
2.2.7 Agrivoltaics Market -Technological Adaptation
2.2.8 Agrivoltaics Market -Changing Retail Dynamics
2.3 Agrivoltaics Market Insights, 2025- 2034
2.3.1 Prominent Agrivoltaics Market product types, 2025- 2034
2.3.2 Leading Agrivoltaics Market End-User markets, 2025- 2034
2.3.3 Fast-Growing countries for Agrivoltaics Market sales, 2025- 2034
2.4 Agrivoltaics Market Drivers and Restraints
2.4.1 Agrivoltaics Market Demand Drivers to 2034
2.4.2 Agrivoltaics Market Challenges to 2034
2.5 Agrivoltaics Market- Five Forces Analysis
2.5.1 Agrivoltaics Market Industry Attractiveness Index, 2025
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Agrivoltaics Market Value, Market Share, and outlook to 2034
3.1 Global Agrivoltaics Market Overview, 2025
3.2 Global Agrivoltaics Market Revenue and Forecast, 2025- 2034 (US$ Million)
3.3 Global Agrivoltaics Market Size and Share Outlook by Type, 2025- 2034
3.4 Global Agrivoltaics Market Size and Share Outlook by End-User, 2025- 2034
3.5 Global Agrivoltaics Market Size and Share Outlook by Region, 2025- 2034
4. Asia Pacific Agrivoltaics Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific Agrivoltaics Market Overview, 2025
4.2 Asia Pacific Agrivoltaics Market Revenue and Forecast, 2025- 2034 (US$ Million)
4.3 Asia Pacific Agrivoltaics Market Size and Share Outlook by Type, 2025- 2034
4.4 Asia Pacific Agrivoltaics Market Size and Share Outlook by End-User, 2025- 2034
4.5 Asia Pacific Agrivoltaics Market Size and Share Outlook by Country, 2025- 2034
4.6 Key Companies in Asia Pacific Agrivoltaics Market
5. Europe Agrivoltaics Market Value, Market Share, and Forecast to 2034
5.1 Europe Agrivoltaics Market Overview, 2025
5.2 Europe Agrivoltaics Market Revenue and Forecast, 2025- 2034 (US$ Million)
5.3 Europe Agrivoltaics Market Size and Share Outlook by Type, 2025- 2034
5.4 Europe Agrivoltaics Market Size and Share Outlook by End-User, 2025- 2034
5.5 Europe Agrivoltaics Market Size and Share Outlook by Country, 2025- 2034
5.6 Key Companies in Europe Agrivoltaics Market
6. North America Agrivoltaics Market Value, Market Share, and Forecast to 2034
6.1 North America Agrivoltaics Market Overview, 2025
6.2 North America Agrivoltaics Market Revenue and Forecast, 2025- 2034 (US$ Million)
6.3 North America Agrivoltaics Market Size and Share Outlook by Type, 2025- 2034
6.4 North America Agrivoltaics Market Size and Share Outlook by End-User, 2025- 2034
6.5 North America Agrivoltaics Market Size and Share Outlook by Country, 2025- 2034
6.6 Key Companies in North America Agrivoltaics Market
7. South and Central America Agrivoltaics Market Value, Market Share, and Forecast to 2034
7.1 South and Central America Agrivoltaics Market Overview, 2025
7.2 South and Central America Agrivoltaics Market Revenue and Forecast, 2025- 2034 (US$ Million)
7.3 South and Central America Agrivoltaics Market Size and Share Outlook by Type, 2025- 2034
7.4 South and Central America Agrivoltaics Market Size and Share Outlook by End-User, 2025- 2034
7.5 South and Central America Agrivoltaics Market Size and Share Outlook by Country, 2025- 2034
7.6 Key Companies in South and Central America Agrivoltaics Market
8. Middle East Africa Agrivoltaics Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa Agrivoltaics Market Overview, 2025
8.2 Middle East and Africa Agrivoltaics Market Revenue and Forecast, 2025- 2034 (US$ Million)
8.3 Middle East Africa Agrivoltaics Market Size and Share Outlook by Type, 2025- 2034
8.4 Middle East Africa Agrivoltaics Market Size and Share Outlook by End-User, 2025- 2034
8.5 Middle East Africa Agrivoltaics Market Size and Share Outlook by Country, 2025- 2034
8.6 Key Companies in Middle East Africa Agrivoltaics Market
9. Agrivoltaics Market Players Analysis
9.1 Agrivoltaics Market Companies - Key Strategies and Financial Analysis
9.1.1 Snapshot
9.1.2 Business Description
9.1.3 Products and Services
9.1.4 Financial Analysis
10. Agrivoltaics Market Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
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The Global Agrivoltaics Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period from 2025 to 2034.
The Agrivoltaics Market is estimated to reach USD 20.1 billion by 2034.
The Global Agrivoltaics Market is estimated to generate USD 6.2 billion in revenue in 2025.
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