2025-2034 Agrivoltaics Market Evolution: Disruptions, Innovations, and Untapped Opportunities

"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Agrivoltaics Market Through 2025?
The size of the agrivoltaics market has expanded quickly in the last few years. The market value, which stands at $4.59 billion in 2024, is expected to increase to $5.18 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.8%. Factors including the rising demand for renewable energy, enhanced energy efficiency, government incentives, environmental preservation, and the integration of energy storage have significantly contributed to the growth during the historic period.

What's the Projected Size of the Global Agrivoltaics Market by 2029?
In the coming years, the agrivoltaics market is projected to experience swift expansion, with its value expected to reach $7.82 billion in 2029, achieving a Compound Annual Growth Rate (CAGR) of 10.9%. Several factors are seen to be the primary contributors to the growth expected during this forecast period, including heightened awareness about food security, enhancement of crop yields, improvements in public understanding and perception, corporate commitments to sustainability, and augmented rural development. Several notable trends are anticipated for this forecast timescale, which include the conjunction of agriculture with solar panels, the implementation of agrivoltaics microgrids, carbon sequestration, global reach, and modern advancements in farming methodologies.

View the full report here:
https://www.thebusinessresearchcompany.com/report/agrivoltaics-global-market-report

Top Growth Drivers in the Agrivoltaics Industry: What's Accelerating the Market?
The anticipated growth of the agrivoltaics market is largely attributed to the escalating need for agricultural land. This refers to expanses of land which are arable, permanently cropped or have permanent pastures. Agrivoltaics presents a sustainable and efficient solution to using agricultural land, through the coexistence of renewable energy generation and agricultural production. This approach also enhances the farming systems' resilience to climate changes. For example, the Ministry of Agriculture & Farmers Welfare of India, a governmental node agency, reported that the total area sown with Rabi crops in the 2021-2022 season was 664.20 lakh hectares, a noticeable rise from 652.55 lakh hectares in the 2020-21 season. This indicates a 15% annual increase in areas planted with Rabi crops. Consequently, the growth of the agrivoltaics market is driven by the increasing requirement for agricultural land.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13771&type=smp

What Trends Will Shape the Agrivoltaics Market Through 2029 and Beyond?
Leading enterprises in the agrivoltaics market are creating innovative products like Bisol Lumina, to adhere to global norms, highlighting the importance of quality and safety. Bisol Lumina comprises a bifacial monocrystalline PV module with a see-through backsheet, engineered to ensure a high transparency ratio and efficient power conversion. Bisol, a Slovenia-based company specializing in solar energy, introduced Bisol Lumina to the agrivoltaics industry in July 2023. The panels incorporate bifacial solar cells to optimize the power output of the PV module, and the resilient transparent backsheet offers excellent protection from outside factors, guaranteeing stable performance over its lifecycle. These panels are designed to stand up to diverse environmental circumstances, including high winds and substantial snow loads, and are certified to comply with international standards, laying emphasis on quality and safety.

What Are the Main Segments in the Agrivoltaics Market?
The agrivoltaics market covered in this report is segmented -

1) By System Design: Fixed Solar Panels Over Crops, Dynamic Agrivoltaics
2) By Crop Type: Leafy Greens, Root Crops
3) By Material Type: Panels, Paints
4) By Cell Type: Monocrystalline, Polycrystalline
5) By Placement: Standalone, Shading Nets, Greenhouse

Subsegments:
1) By Fixed Solar Panels Over Crops: Ground-mounted Fixed Systems, Roof-mounted Fixed Systems
2) By Dynamic Agrivoltaics: Tracking Solar Panel Systems, Adjustable Height Systems, Smart Shading Systems

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13771&type=smp

Which Top Companies are Driving Growth in the Agrivoltaics Market?
Major companies operating in the agrivoltaics market report are TotalEnergies SE, Huawei Technologies Co., BayWa AG, Trina Solar, Enel Green Power Spa, JA Solar Holdings Co. Ltd., Ombrea SAS, SunPower Corporation, Suntech Power Holdings, Boralex, Soltec Power Holdings SA, Voltalia SA, Solarwatt, Namaste Solar, Sunseap Group, REM Tec, Sunrise Power Solutions, Agrivoltaic Solution LLC, DualSun, Ecovoltaics, Insolight SA, Mackin Energy, Mirai Solar, Next2Sun Technology GmbH, Sun'Agri SAS, SunSeed APV Private Limited

Which Regions Will Dominate the Agrivoltaics Market Through 2029?
North America was the largest region in the agrivoltaics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the agrivoltaics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13771

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"

Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.