Agrivoltaics Market

Agrivoltaics Market

Agrivoltaics Market Forecasts to 2028 - Global Analysis By Material Type (Paints and Panels), System Design (Dynamic Agrivoltaic and Fixed Solar Panels Over Crops), Placement (Greenhouse, Standalone, Shading Nets and Other Placements), Cell Type (Polycrystalline and Monocrystalline), Crop Type (Root Crops, Leafy Greens and Other Crop Types), Crop Collaboration (Fruits, Vegetables, Crops and Other Crop Collaborations), Type of Agrivoltaic Plant (Hybrid, Interspace and Overhead Tilted), Type of Solar Panel (Transparent, Opaque and Semi-Transparent), Power Output and Geography

4.3 (36 reviews)
4.3 (36 reviews)
Published: 2023 ID: SMRC22452

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $3.61 BN

Projected Year Value (2028)

US $8.00 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market


According to Stratistics MRC, the Global Agrivoltaics Market is accounted for $3.61 billion in 2022 and is expected to reach $8.00 billion by 2028 growing at a CAGR of 14.15% during the forecast period. Agrivoltaics, also known as agrophotovoltaics, agrisolar, or dual-use solar, is the simultaneous use of land for both solar photovoltaic power generation and agriculture. Because the coexistence of solar panels and crops entails a sharing of light between these two types of production, the design of agrivoltaic facilities may necessitate balancing objectives such as agricultural productivity, crop quality, and energy production. This new farming method combines solar electricity generation with traditional farming on a common agricultural land i.e. a renewable energy-based system like solar photovoltaic system and a cropland can be together developed on the same agricultural land.

According to a study conducted by ENEA and Università Cattolica del Sacro Cuore, the economic and environmental performances of agrivoltaic systems are similar to those of ground photovoltaic plants. ENEA's objective is to increase installed power by 30GW. For ENEA, 0.32% of Italian agricultural fields are to be covered by photovoltaic systems in order to reach 50% of the objectives of the national energy plan.

Market Dynamics:


Rising water scarcity concerns and rapid climate change

With the world's population continuously increasing, global food production is predicted to skyrocket in the next years. Furthermore, with rapid climate change, if people continue to utilize water for agriculture in the same way, there will not be enough water to meet rising food demands in the future. As a result, rising water scarcity is one of the critical issues that could stymie the growing demand for food production. As a result, there is a critical need for an efficient solution, such as Agrivoltaics, to help meet the intended food demand while overcoming the challenge of water scarcity.


Lack of skilled workforce required for installing solar panels

Solar panel installation necessitates highly experienced professionals who must undergo specific training and certification in order to accomplish the job. Furthermore, putting solar panels on agricultural property necessitates specific understanding because they must be installed at a somewhat higher level above the ground due to crops. As a result, a scarcity of experienced workers to accurately install solar panels on agricultural land without hurting the crop could stymie global Agrivoltaics market growth in the approaching years.


Increasing investment by major market players

Extensive research and development initiatives done by major market players to aid in the introduction of new and sophisticated agricultural materials into the market in order to enhance demand among potential consumers have offered profitable chances for the growth of the agrivoltaics market throughout the forecast period. Increased investments by leading companies stimulate the development and use of innovative agricultural techniques and equipment, which contributes significantly to the growth of the agrivoltaics market.


High installation cost and lack of awareness

The difficulty in obtaining the funding and initiatives required for the installation of costly agrivoltaics systems is a major barrier impeding the spread of agrivoltaics, particularly in low-disposable countries. The modern agricultural equipment brought into the market by key market participants is more expensive than the standard machineries accessible in the market. This makes it difficult for farmers to integrate such modern technologies, limiting market growth during the predicted period.

Covid-19 Impact

The Covid-19 epidemic in 2020 imposed significant constraints on social and economic activity around the world, significantly affecting the Global Agrivoltaics Market. Manufacturing and cross-border trade were severely harmed as a result of the lockdown. Because most countries rely on imports from other countries, particularly China, the manufacture and supply chain of modules has been harmed as a result of the Chinese government's implementation of lockdown and trade restrictions. Furthermore, most solar equipment vendors were unable to deliver orders on schedule, resulting in backlogs. Furthermore, project delays harmed overall industry growth.

The fixed solar panels over crops segment is expected to be the largest during the forecast period

The fixed solar panels over crops segment is estimated to have a lucrative growth. Factors such as the installation of firm solar panels as standard systems on agricultural greenhouse fields present under or above field crops are contributing to the segment's growth. Additionally, fixed panels aid in the optimization of the installation process by altering the density of the solar panels or the degree of tilt of the solar panels. Fixed solar panels installed on agricultural greenhouses, above open fields crops, or between open fields crops are the most predictable systems. It also helps to enhance the installation by adjusting the density of solar panels or the slant of the panels.

The monocrystalline segment is expected to have the highest CAGR during the forecast period

The monocrystalline segment is anticipated to witness the fastest CAGR growth during the forecast period, due to their higher efficiency. They are produced using a single crystal growth process and can achieve commercial efficiencies ranging from 20% to 24%. Furthermore, this technique is the most efficient and dependable source of electricity generation. Their endurance and embedded energy per panel, as well as improved efficiency and sleeker aesthetics, are the major factors contributing to their rising demand.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to to the rising adoption of solar modules in China, Japan, & India. China is the major producer of solar modules in the region. The Agrivoltaics Market is rapidly expanding across the country as a result of favourable laws and the growing need to broaden domestic energy demand in order to alleviate the challenges connected with China's Photovoltaic industry's overcapacity. As a result, the installation of Agrivoltaics in China is intended to address these overcapacity issues while also encouraging the use of advanced agricultural practises throughout the country.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the increasing installation of solar power panels on agricultural lands in the region. Due to a lack of agricultural area, growing and agrivoltaic technology in European places are assisting to improve food production and crop proficiency. National governments in the European Union are undertaking a variety of efforts to increase the proportion of renewable energy in Europe's electrical mix. The EU is really attempting to adhere to climate agreements, which will in turn increase consumption of clean energy for electricity and contribute to regional market growth.

Key players in the market

Some of the key players profiled in the Agrivoltaics Market include Mackin Energy, Suntech Power Holdings, Agrivoltaic Solution LLC, Sun Agri, REM TEC, Enel Green Power, Boralex, Solar Power Europe, Next2Sun, Zimmermen, Solar Window, JS Power, BayWa r.e., Insolight, Axial Structural and Vattenfall

Key Developments:

In October 2021, Axial Structural, a Spanish company, is launching a new type of tracker for Agrivoltaics installations. The product can be modified & used in different ground conditions & gradients, with programmable to modulate shade & light for different crops in different climates.

In September 2021, Vattenfall, leading a Dutch consortium in a research project, is investigating whether Agrivoltaics is compatible with strip cropping.

Material Types Covered:
• Paints
• Panels

System Designs Covered:
• Dynamic Agrivoltaic
• Fixed Solar Panels Over Crops

Placements Covered:
• Greenhouse
• Standalone
• Shading Nets
• Other Placements

Crop Types Covered:
• Root Crops
• Leafy Greens
• Other Crop Types

Crop Collaborations Covered:
• Fruits
• Vegetables
• Crops
• Other Crop Collaborations

Type of Agrivoltaic Plants Covered:
• Hybrid
• Interspace
• Overhead Tilted

Type of Solar Panels Covered:
• Transparent
• Opaque
• Semi-Transparent

Power Outputs Covered:
• Up to 10 MWp
• 10.1 to 50 MWp
• More than 50 MWp

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Agrivoltaics Market, By Material Type
5.1 Introduction
5.2 Paints
5.3 Panels

6 Global Agrivoltaics Market, By System Design
6.1 Introduction
6.2 Dynamic Agrivoltaic
6.3 Fixed Solar Panels Over Crops

7 Global Agrivoltaics Market, By Placement
7.1 Introduction
7.2 Greenhouse
7.3 Standalone
7.4 Shading Nets
7.5 Other Placements
7.5.1 Solar Windows
7.5.2 Solar Fence

8 Global Agrivoltaics Market, By Cell Type
8.1 Introduction
8.2 Polycrystalline
8.3 Monocrystalline

9 Global Agrivoltaics Market, By Crop Type
9.1 Introduction
9.2 Root Crops
9.2.1 Beets
9.2.2 Carrots
9.2.3 Radishes
9.2.4 Potatoes
9.2.5 Other Root Crops
9.3 Leafy Greens
9.3.1 Spinach
9.3.2 Lettuce
9.3.3 Other Leafy Crops
9.4 Other Crop Types

10 Global Agrivoltaics Market, By Crop Collaboration
10.1 Introduction
10.2 Fruits
10.3 Vegetables
10.4 Crops
10.5 Other Crop Collaborations

11 Global Agrivoltaics Market, By Type of Agrivoltaic Plant
11.1 Introduction
11.2 Hybrid
11.3 Interspace
11.4 Overhead Tilted

12 Global Agrivoltaics Market, By Type of Solar Panel
12.1 Introduction
12.2 Transparent
12.3 Opaque
12.4 Semi-Transparent

13 Global Agrivoltaics Market, By Power Output
13.1 Introduction
13.2 Up to 10 MWp
13.3 10.1 to 50 MWp
13.4 More than 50 MWp

14 Global Agrivoltaics Market, By Geography
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 Italy
14.3.4 France
14.3.5 Spain
14.3.6 Rest of Europe
14.4 Asia Pacific
14.4.1 Japan
14.4.2 China
14.4.3 India
14.4.4 Australia
14.4.5 New Zealand
14.4.6 South Korea
14.4.7 Rest of Asia Pacific
14.5 South America
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Chile
14.5.4 Rest of South America
14.6 Middle East & Africa
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Qatar
14.6.4 South Africa
14.6.5 Rest of Middle East & Africa

15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launch
15.4 Expansions
15.5 Other Key Strategies

16 Company Profiling
16.1 Mackin Energy
16.2 Suntech Power Holdings
16.3 Agrivoltaic Solution LLC
16.4 Sun Agri
16.5 REM TEC
16.6 Enel Green Power
16.7 Boralex
16.8 Solar Power Europe
16.9 Next2Sun
16.10 Zimmermen
16.11 Solar Window
16.12 JS Power
16.13 BayWa r.e.
16.14 Insolight
16.15 Axial Structural
16.16 Vattenfall

List of Tables
1 Global Agrivoltaics Market Outlook, By Region (2020-2028) ($MN)
2 Global Agrivoltaics Market Outlook, By Material Type (2020-2028) ($MN)
3 Global Agrivoltaics Market Outlook, By Paints (2020-2028) ($MN)
4 Global Agrivoltaics Market Outlook, By Panels (2020-2028) ($MN)
5 Global Agrivoltaics Market Outlook, By System Design (2020-2028) ($MN)
6 Global Agrivoltaics Market Outlook, By Dynamic Agrivoltaic (2020-2028) ($MN)
7 Global Agrivoltaics Market Outlook, By Fixed Solar Panels Over Crops (2020-2028) ($MN)
8 Global Agrivoltaics Market Outlook, By Placement (2020-2028) ($MN)
9 Global Agrivoltaics Market Outlook, By Greenhouse (2020-2028) ($MN)
10 Global Agrivoltaics Market Outlook, By Standalone (2020-2028) ($MN)
11 Global Agrivoltaics Market Outlook, By Shading Nets (2020-2028) ($MN)
12 Global Agrivoltaics Market Outlook, By Other Placements (2020-2028) ($MN)
13 Global Agrivoltaics Market Outlook, By Solar Windows (2020-2028) ($MN)
14 Global Agrivoltaics Market Outlook, By Solar Fence (2020-2028) ($MN)
15 Global Agrivoltaics Market Outlook, By Cell Type (2020-2028) ($MN)
16 Global Agrivoltaics Market Outlook, By Polycrystalline (2020-2028) ($MN)
17 Global Agrivoltaics Market Outlook, By Monocrystalline (2020-2028) ($MN)
18 Global Agrivoltaics Market Outlook, By Crop Type (2020-2028) ($MN)
19 Global Agrivoltaics Market Outlook, By Root Crops (2020-2028) ($MN)
20 Global Agrivoltaics Market Outlook, By Beets (2020-2028) ($MN)
21 Global Agrivoltaics Market Outlook, By Carrots (2020-2028) ($MN)
22 Global Agrivoltaics Market Outlook, By Radishes (2020-2028) ($MN)
23 Global Agrivoltaics Market Outlook, By Potatoes (2020-2028) ($MN)
24 Global Agrivoltaics Market Outlook, By Other Root Crops (2020-2028) ($MN)
25 Global Agrivoltaics Market Outlook, By Leafy Greens (2020-2028) ($MN)
26 Global Agrivoltaics Market Outlook, By Spinach (2020-2028) ($MN)
27 Global Agrivoltaics Market Outlook, By Lettuce (2020-2028) ($MN)
28 Global Agrivoltaics Market Outlook, By Other Leafy Crops (2020-2028) ($MN)
29 Global Agrivoltaics Market Outlook, By Other Crop Types (2020-2028) ($MN)
30 Global Agrivoltaics Market Outlook, By Crop Collaboration (2020-2028) ($MN)
31 Global Agrivoltaics Market Outlook, By Fruits (2020-2028) ($MN)
32 Global Agrivoltaics Market Outlook, By Vegetables (2020-2028) ($MN)
33 Global Agrivoltaics Market Outlook, By Crops (2020-2028) ($MN)
34 Global Agrivoltaics Market Outlook, By Other Crop Collaborations (2020-2028) ($MN)
35 Global Agrivoltaics Market Outlook, By Type of Agrivoltaic Plant (2020-2028) ($MN)
36 Global Agrivoltaics Market Outlook, By Hybrid (2020-2028) ($MN)
37 Global Agrivoltaics Market Outlook, By Interspace (2020-2028) ($MN)
38 Global Agrivoltaics Market Outlook, By Overhead Tilted (2020-2028) ($MN)
39 Global Agrivoltaics Market Outlook, By Type of Solar Panel (2020-2028) ($MN)
40 Global Agrivoltaics Market Outlook, By Transparent (2020-2028) ($MN)
41 Global Agrivoltaics Market Outlook, By Opaque (2020-2028) ($MN)
42 Global Agrivoltaics Market Outlook, By Semi-Transparent (2020-2028) ($MN)
43 Global Agrivoltaics Market Outlook, By Power Output (2020-2028) ($MN)
44 Global Agrivoltaics Market Outlook, By Up to 10 MWp (2020-2028) ($MN)
45 Global Agrivoltaics Market Outlook, By 10.1 to 50 MWp (2020-2028) ($MN)
46 Global Agrivoltaics Market Outlook, By More than 50 MWp (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.


Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.