Agrivoltaics Market to hit US$ 8.41 billion by 2032 | Major Market players - Next2Sun Technology GmbH, SunAgri, Ombrea, Namaste Solar

"Global Agrivoltaics Market reached US$ 4.32 billion in 2024 and is expected to reach US$ 8.41 billion by 2032, growing with a CAGR of 8.68% during the forecast period 2025-2032" As per DataM intelligence research report

The Agrivoltaics Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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United States: Recent Developments

✅ In June 2025, Iowa State University released first-year data from a four-year agrivoltaic study at a 10-acre solar site in Ames. Results show that partial shading from solar panels can boost the growth of heat- and drought-sensitive vegetables. The upcoming research phase will test new crops like tomatoes, improve pest defenses, and introduce pollinator habitats including on-site beehives.

✅ In 2025, the North American Agrivoltaics Awards recognized several standout dual-use projects. Rutgers University earned recognition for its AgPV Program, while community-driven initiatives like Spaces of Opportunity in South Phoenix showcased how agrivoltaics can provide fresh produce and solar power in food deserts. Projects in Massachusetts and Texas were also highlighted for integrating livestock grazing with solar energy generation.

✅ In 2025, Mammoth Solar, one of the largest solar developments in the U.S., began incorporating grazing and experimental crop growth beneath its panels. The project supports livestock such as sheep, alpacas, and donkeys, while testing plant performance in agrivoltaic conditions.

Japan: Recent Developments

✅ In April 2025, a University of Tokyo team concluded a six-year field trial in Chikusei. Rice grown under elevated solar panels showed reduced yields compared to conventional fields, but when combined with electricity production, the agrivoltaic model delivered up to 14 times higher overall returns per hectare.

✅ In August 2025, researchers in Nagano Prefecture tested a dual-axis tracking agrivoltaic system over rice paddies. By adjusting panel angles daily, they balanced sunlight between crops and solar power. Rice yields recovered significantly, while electricity output matched the performance of leading European agrivoltaic systems.

✅ In January 2025, Idemitsu Kosan announced a 2 MW agrivoltaic installation in Chiba Prefecture. Using bifacial PV modules and tracking technology, the system is designed to prioritize crop lighting during growing seasons and maximize energy generation off-season, offering farmers dual-income opportunities.

Agrivoltaics Market: Drivers

The agrivoltaics market is gaining momentum as it offers dual benefits of renewable energy generation and agricultural productivity. Rising global demand for sustainable farming practices is driving adoption, especially in regions facing land scarcity. Farmers benefit from increased crop yield stability and reduced water usage under solar panel shade. Supportive government policies and subsidies for solar energy further encourage installations. Integration of solar with agriculture reduces land-use conflicts, making it a sustainable solution.

Technological advancements in solar panel design and mounting systems are enhancing efficiency in agrivoltaics projects. Growing investments from energy companies and agri-tech firms are expanding pilot projects into large-scale deployments. Climate change concerns and the push for carbon-neutral economies are boosting adoption globally. Additionally, partnerships between governments, farmers, and solar developers are creating a favorable ecosystem. This synergy positions agrivoltaics as a critical contributor to future food and energy security.

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Segment Covered in the Agrivoltaics Market:

➥ By System Design: Fixed, Dynamic, Others
➥ By Cell Type: Monocrystalline, Polycrystalline
➥ By Crop: Vegetables, Fruits, Crops, Others
➥ By Solar Technology: Photovoltaic (PV) Panels, Concentrated Photovoltaics (CPV)

Agrivoltaics Market: Major Players

Next2Sun Technology GmbH, SunAgri, Ombrea, Namaste Solar, Mirai Solar, SunSeed APV Private Limited, Enel Green Power Spa, JA Solar Holdings Co. Ltd., BayWa AG and Insolight SA.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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