Agrivoltaics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Array Configuration, By Photovoltaic Technology, By Site of Installation, By Region & Competition, 2021-2031F

The Global Agrivoltaics Market is projected to expand from USD 6.49 Billion in 2025 to USD 9.13 Billion by 2031, registering a CAGR of 5.85%. Agrivoltaics involves the dual use of land for both solar photovoltaic power generation and agricultural production, allowing for the concurrent creation of renewable electricity and food. Key growth drivers include the urgent necessity for efficient land use, enabling nations to achieve renewable energy goals while maintaining food security and preserving arable land. Furthermore, this technology bolsters climate resilience by offering shade that lowers soil water evaporation and safeguards crops against severe weather conditions, a benefit that distinguishes it from broader solar industry trends.

Conversely, market growth faces a substantial obstacle in the form of complex regulatory frameworks and permitting procedures, which frequently lack precise definitions for dual-use initiatives. Data from France Agrivoltaisme indicates that in 2025, agrivoltaic systems comprised 20% of the 1.6 GW of ground-mounted solar capacity installed in France during 2024. This statistic highlights the sector's increasing market penetration in significant regions, even as developers are forced to maneuver through complicated policy environments to expand these projects on a global scale.

Market Driver

Government support and renewable energy subsidies act as the primary catalysts for the Global Agrivoltaics Market. Across the globe, authorities are increasingly introducing specific tenders and financial incentives designed to mitigate risks associated with these complex dual-use systems and hasten their rollout. These policy structures not only supply essential funding but also create distinct regulatory standards that stimulate developer involvement. For example, Renewables Now reported in April 2025 that Germany's Federal Network Agency allocated 2.64 GW of solar capacity in a single auction, highlighting the immense scale of state-sponsored support accessible for ground-mounted and non-building installations. Such strong public funding is crucial for surmounting initial cost hurdles and fostering the widespread uptake of agrivoltaic solutions in major regions.

The rising global requirement for efficient land use and dual-purpose applications is effectively reshaping the market by prioritizing agricultural productivity alongside energy production. This driver resolves the conflict between farmland preservation and energy infrastructure by showing that photovoltaic systems can improve farming activities through microclimate control. As noted by SolarPower Europe in the 'Agrisolar Handbook' from November 2024, agrivoltaic configurations can boost crop yields by as much as 60%, depending on the crop type and local climate, while also providing defense against extreme weather. This agronomic synergy offers farmers economic diversification, a trend reinforced by sustained market activity. Highlighting this progress, pv magazine reported in October 2025 that Germany successfully allocated 485.7 MW of capacity in a pioneering tender for solar-plus-storage projects, emphasizing the sector's rapid shift toward integrated and resilient systems.

Market Challenge

The intricacy of regulatory frameworks and permitting procedures acts as a major barrier to the growth of the Global Agrivoltaics Market. The lack of consistent policies and precise definitions for dual-use projects generates significant uncertainty for both investors and developers. This lack of clarity frequently leads to extended approval periods and elevated administrative expenses, potentially making otherwise feasible agricultural solar initiatives financially unviable. When regulations do not properly differentiate between conventional ground-mounted solar and agrivoltaic systems, projects designed to sustain agriculture often encounter unnecessary limitations or complete prohibitions, thereby directly halting capacity growth.

Such regulatory unpredictability carries distinct economic repercussions. According to Italia Solare, the implementation of restrictive rules regarding solar installations on agricultural land in 2024 was projected to potentially cost the nation €60 billion in lost investments. These policy obstacles discourage capital distribution and interrupt the project pipeline, compelling developers to work within a complicated and frequently restrictive compliance environment. As a result, the absence of an efficient and encouraging regulatory atmosphere limits the sector's capacity to expand operations and hinders the global acceptance of agrivoltaic technologies.

Market Trends

The implementation of Vertical Bifacial Photovoltaic Systems is becoming a key trend for integrating solar energy with extensive arable farming that relies on heavy machinery. In contrast to traditional overhead setups, these vertical arrays are arranged in fence-like lines, maintaining broad pathways for harvesters and tractors while utilizing east-west orientations to capture sunlight during peak demand hours. This layout is especially advantageous for broad-acre crops such as oilseeds and cereals, as it minimizes physical barriers and maximizes land accessibility without the need for costly elevated mounting structures. As reported by Sunhub in September 2025 within the article 'Agrivoltaics In 2025: Scaling Food And Solar Together', field tests for high-clearance vertical PV units showed that sensitive crops like soybeans and corn experienced yield drops of less than 3% while simultaneously benefitting from enhanced soil moisture retention.

The integration of Dynamic Solar Tracking Technology is evolving beyond basic energy optimization to focus on specific agronomic lighting needs through smart control algorithms. These systems actively modulate the tilt of solar panels to manage the Photosynthetically Active Radiation (PAR) reaching the crops below, balancing power generation with the biological requirements of plants during crucial growth phases. This exact method of light distribution enables the cultivation of light-sensitive high-value crops by guaranteeing they receive sufficient solar exposure while protecting them from excessive heat. According to the CleanTechnica article 'New Agrivoltaic Tool Optimizes Solar Generation And Crop Production' from March 2025, a recent analysis showed that dynamic tracking methods could attain 91% of the necessary light saturation for apple cultivation over a yearly cycle, confirming the commercial feasibility of active shading management.

Key Market Players

• Jinko Solar Co., Ltd
• Invenergy LLC
• Nextracker Inc.
• Iqony Sustainable Energy Solutions
• First Solar, Inc.
• BayWa AG
• Enel Green Power S.p.A.
• Sun'Agri
• Trina Solar
• Lightsource bp

Report Scope

In this report, the Global Agrivoltaics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Agrivoltaics Market, By Array Configuration

• Fixed
• Single-Axis Tracking

Agrivoltaics Market, By Photovoltaic Technology

• Monofacial Solar Panels
• Bifacial Solar Panels
• Translucent Photovoltaic Technology
• Others

Agrivoltaics Market, By Site of Installation

• Grassland Farming
• Horticulture and Arable Farming
• Indoor Farming
• Pollinator Habitat

Agrivoltaics Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Agrivoltaics Market.

Available Customizations:

Global Agrivoltaics Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).