Agrovoltaics Market (2026 - 2033)

Agrovoltaics Market Summary

The global agrovoltaics market size was valued at USD 6.0 billion in 2025 and is projected to grow from USD 6.2 billion in 2026 to USD 9.2 billion by 2033, at a CAGR of 5.7% from 2026 to 2033. Asia Pacific dominated the market, accounting for the largest revenue share of 41.8% in 2025. Agrovoltaics (agrivoltaics, agri-PV, or dual-use solar) is the practice of using the same piece of land to grow crops or raise livestock while also generating electricity using solar panels. It helps farmers produce both food and clean energy from the same land.

Market Dynamics

The agrovoltaics industry is growing as countries invest more in renewable energy while protecting agricultural land. Farmers are adopting agrivoltaic systems to earn additional income from solar power without stopping crop production. Government incentives, rising electricity demand, and the need for better land use are supporting market growth. High installation costs and the need for proper system design remain key challenges. Advances in solar panel technology and growing awareness of sustainable farming are expected to create new opportunities for the market.

Analyst Perspective

The agrovoltaics market is expected to grow steadily as countries seek to increase renewable energy output without reducing farmland. Companies that can provide cost-effective systems and crop-specific designs are likely to gain a competitive advantage. High installation costs remain a challenge, but supportive government policies, pilot projects, and technological improvements are encouraging wider adoption. As more projects move from demonstration to commercial scale, investment in advanced system designs and digital farm management is expected to increase. An emerging trend is the integration of AI, IoT sensors, and smart monitoring systems to optimize crop health, water use, and solar energy generation, improving the overall efficiency of agrovoltaic systems.

System Design Insights

The fixed tilt segment led the market with the largest revenue share of 46.8% in 2025, driven by its lower installation and maintenance costs, simple structural design, and suitability for large-scale agrivoltaic projects. Fixed-tilt systems provide a cost-effective solution for integrating solar panels with agricultural activities, particularly for field crops and grazing applications, where minimal mechanical complexity is preferred. Their durability, ease of deployment, and compatibility with varying crop layouts have encouraged widespread adoption among farmers and project developers seeking to balance renewable energy generation with agricultural productivity.

The vertical agrivoltaics segment is expected to grow at the fastest CAGR of 7.3% during the forecast period. This growth is driven by increasing land-use optimization in space-constrained regions, rising adoption of bifacial solar modules, and the ability of vertically mounted systems to support continued farming operations while generating renewable energy. Their suitability for high-value crops, improved light distribution, and growing deployment across Europe and Asia are further accelerating market expansion.

Installation Insights

The elevated/overhead segment led the market with the largest revenue share of 51.6% in 2025, dominating the installation segment in the global market. This reflects its ability to maximize dual land use by allowing uninterrupted farming activities beneath solar panels while generating clean electricity. Its compatibility with a wide range of crops, improved crop protection from excessive sunlight and extreme weather, and increasing adoption in commercial-scale agrivoltaic projects have further strengthened its market leadership.

The greenhouse-integrated segment is expected to grow at the fastest CAGR of 6.7% during the forecast period. This growth is driven by increasing demand for controlled-environment agriculture, rising adoption of energy-efficient greenhouse farming, and the ability to simultaneously optimize crop production and renewable energy generation. Growing investments in sustainable horticulture, high-value crop cultivation, and climate-resilient farming practices are further supporting the expansion of greenhouse-integrated agrivoltaic systems.

Solar Module Type Insights

The bifacial segment led the market with the largest revenue share of 51.1% in 2025 and is projected to grow at the fastest CAGR during the forecast period, driven by its higher energy generation efficiency through the capture of sunlight from both the front and rear surfaces. Its superior power output, improved performance on reflective ground, and growing deployment in utility-scale agrivoltaic projects have strengthened its market position. In addition, the growing focus on maximizing electricity yield while maintaining agricultural productivity has accelerated the adoption of bifacial solar modules.

The semi-transparent segment is expected to grow at a significant CAGR of 5.2% during the forecast period. The segment is benefiting from increasing investments in advanced greenhouse infrastructure and protected agriculture systems that require optimized light transmission. Semi-transparent modules enable efficient electricity generation while allowing adequate sunlight to reach crops, making them well-suited for high-value horticultural applications. Continuous improvements in photovoltaic materials and rising demand for sustainable farming practices are expected to further support market growth.

Application Insights

The field crops segment led the market with the largest revenue share 37.0% in 2025. The dominance of this segment is driven by the extensive cultivation of staple crops such as wheat, maize, rice, and soybeans across large agricultural areas, making them well-suited for agrivoltaic deployment. Large-scale farming operations enable efficient integration of solar installations without significantly disrupting agricultural activities. In addition, the growing emphasis on improving land productivity, diversifying farm income, and adopting climate-resilient agriculture has accelerated the adoption of agrivoltaic systems in field crop cultivation.

The livestock grazing segment is expected to grow at the fastest CAGR of 6.8% during the forecast period. This growth is attributed to the increasing adoption of dual-use land management practices that combine renewable energy generation with animal grazing. Solar installations provide shade that enhances animal welfare and pasture quality while reducing land-use conflicts. Rising demand for sustainable livestock farming, coupled with growing investments in regenerative agriculture and clean energy projects, is expected to accelerate the deployment of agrivoltaic systems in grazing applications.

Regional Insights

The agrovoltaics market in North America is experiencing strong growth due to rising investments in renewable energy, sustainable farming, and efficient land use. The region is benefiting from supportive government funding, research initiatives, and collaborations between farmers, universities, and the solar industry. In December 2024, the U.S. DOE Solar Energy Technologies Office (SETO) announced up to USD 11 billion under the Solar with Wildlife and Ecosystem Benefits 2 (SolWEB2) funding opportunity to advance agrivoltaics research, technical assistance, and stakeholder engagement. The initiative supports dual-use agricultural and solar projects while addressing land-use challenges, as the U.S. has developed more than 5,000 large-scale solar facilities over the past decade.

U.S. Agrovoltaics Market Trends

The agrovoltaics market in the U.S. is growing due to increasing demand for renewable energy, the need to improve land-use efficiency, and strong government support for sustainable agriculture. Farmers and solar developers are increasingly adopting dual-use systems that allow crop production or livestock grazing alongside solar power generation. The country also benefits from advanced solar technologies, ongoing research, and pilot projects that improve system performance and reduce long-term costs. As the focus on climate resilience and clean energy increases, the adoption of agrovoltaic systems is expected to accelerate across the U.S.

Asia-Pacific Agrovoltaics Market Trends

Asia Pacific dominated the global agrovoltaics market with the largest revenue share of 41.8% in 2025. The region is experiencing rapid growth due to rising electricity demand, increasing investments in renewable energy, and limited availability of agricultural land in many countries. Governments across the region are promoting dual-use land systems to improve energy security while maintaining food production. Countries such as China, Japan, India, and South Korea are leading the adoption of agrivoltaic projects through supportive policies and pilot programs. Growing concerns over climate change, water conservation, and sustainable farming are expected to further accelerate the deployment of agrovoltaic systems across the region.

Europe Agrovoltaics Market Trends

The agrovoltaics market in Europe is growing rapidly, supported by strong policy frameworks and continued investments in sustainable agriculture. Countries such as Germany, France, Italy, and the Netherlands are actively deploying agrivoltaic projects through supportive regulations and pilot programs. In August 2025, the European Commission launched the AGRISOL project under the Horizon Europe program to accelerate agrivoltaic adoption by supporting at least 30 farmers, agribusinesses, and PV technology providers across Greece, Italy, Spain, Denmark, and Poland with technical, financial, and business support, strengthening commercial deployment across the region.

The UK agrovoltaics market is gaining momentum due to increasing solar deployment targets, supportive clean energy policies, and growing interest in dual-use farming systems. In 2025, Innovate UK awarded approximately USD 3.4 billion to the Agri-Solar Partnership under the Farming Innovation Program to develop and demonstrate agrivoltaic technologies that combine crop production with solar energy generation, supporting commercial adoption across the UK.

Latin America Agrovoltaics Market Trends

The agrovoltaics market in Latin America is expected to grow at the fastest CAGR of 6.7% during the forecast period. Rising investments in renewable energy, abundant solar resources, and increasing demand for efficient land use are driving the growth of the region’s agrovoltaics industry. Countries across the region are exploring agrovoltaic systems to expand clean energy generation while maintaining agricultural productivity. Supportive government initiatives and growing private sector participation are encouraging pilot and commercial-scale projects. The need to improve farmer incomes, strengthen climate resilience, and optimize water use is expected to accelerate agrovoltaic adoption across Latin America.

Middle East & Africa Agrovoltaics Market Trends

The agrovoltaics market in the Middle East & Africa is anticipated to grow at a significant CAGR during the forecast period. Increasing investments in renewable energy, water conservation initiatives, and the need to improve land-use efficiency are driving the market growth. The region is increasingly exploring agrovoltaic systems to support clean energy generation while addressing challenges related to arid climates and limited agricultural resources. Government-led solar projects and sustainability initiatives are encouraging the adoption of dual-use farming systems. Growing focus on food security, climate resilience, and efficient water management is expected to further support market growth across the region.

Key Agrovoltaics Company Insights

Some of the key players in the global agrovoltaics industry include Enel Spa and TotalEnergies.

• Enel SpA is a prominent developer in the agrovoltaics industry, leveraging its expertise in renewable energy generation and utility-scale solar projects to advance dual-use land solutions. The company develops agrovoltaic installations that integrate solar power generation with agricultural activities, enabling efficient land use while enhancing clean energy production. Enel focuses on integrating sustainable farming practices with solar infrastructure through innovative project designs and strategic partnerships. Its strong global renewable energy portfolio, project development capabilities, and commitment to decarbonization position the company as a key participant in the agrovoltaics industry.

• TotalEnergies is a leading participant in the global market, utilizing its extensive renewable energy portfolio and solar development expertise to deploy dual-use agricultural solar projects. The company invests in agrovoltaic solutions that enable simultaneous crop cultivation and renewable electricity generation, improving land productivity and supporting sustainable farming practices. TotalEnergies emphasizes innovation, strategic collaborations, and large-scale project development to accelerate agrivoltaic adoption across key markets. Its global presence, integrated energy capabilities, and strong investment in renewable energy strengthen its position in the global market.

Key Agrovoltaics Companies

The following key companies have been profiled for this study on the agrovoltaics market.

• BayWa r.e. AG

• Enel Spa

• Insolight

• Next2Sun

• Nextpower Inc

• Rem Tec

• Soltec

• Sun'R

• TotalEnergies

• Trina Solar

• Versolsolar

Competitive Benchmarking

Recent Developments

• In January 2025, Octopus Energy acquired OX2 France, a leading agrivoltaics developer, through its Sky Fund as part of its plan to invest approximately USD 1.03 billion in France's clean energy sector by the end of 2025. The acquisition adds a pipeline of 21 agrivoltaic projects targeting nearly 500 MW of solar capacity by 2031, strengthening the deployment of dual-use solar and agricultural systems across France.

Agrovoltaics Market Report Scope

Global Agrovoltaics Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global agrovoltaics market report based on the system design, installation, solar module type, application, and region.

• System Design Outlook (Revenue, USD Billion, 2021 - 2033)

  • Fixed Tilt

  • Single-axis Tracking

  • Dual-axis Tracking

  • Vertical Agrivoltaics

• Installation Outlook (Revenue, USD Billion, 2021 - 2033)

  • Elevated/Overhead

  • Inter-row

  • Greenhouse-integrated

• Solar Module Type Outlook (Revenue, USD Billion, 2021 - 2033)

  • Monofacial

  • Bifacial

  • Semi-transparent

• Application Outlook (Revenue, USD Billion, 2021 - 2033)

  • Field Crops

  • Horticulture

  • Orchards & Vineyards

  • Livestock Grazing

  • Aquaculture

• Regional Outlook (Revenue, USD Billion, 2021 - 2033)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa

Research Methodology

The agrovoltaics market figures in this report are based on a proven research process that combines executive interviews with secondary research from proprietary databases, company filings, and recognized regulatory and institutional sources. Market size is built through value-chain sizing-reconciling supply-side and demand-side estimates-and triangulated with bottom-up and top-down approaches. Every estimate passes multiple levels of expert validation before publication, with each agrovoltaics segment quantified using the revenue-capture definitions in the table below.

Segment Definition

Estimation Model

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