Agrivoltaics Industry Sector Expansion & Solar Revenue with Dual-Use Farms | Top 5 Companies - Namaste Solar, Mirai Solar, SunSeed APV Private Limited, Enel Green Power Spa, JA Solar Holdings Co. Ltd

DataM Intelligence has published a new research report on "Agrivoltaics Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

According to the United Nations, the world population is projected to grow to 8.5 billion by 2030 and 9.7 billion by 2050.

Under the PM-KUSUM initiative, agrivoltaic farms in Rajasthan and Maharashtra employ solar-powered drip irrigation, cutting water waste and boosting farm productivity by 25%.

The monocrystalline segment of the Agrivoltaics Market experienced steady growth, increasing from $1.17 billion in 2022 to $1.20 billion in 2023.

North American Agrivoltaics Market experienced significant growth, with its value increasing from $1.26 billion in 2022 to $1.33 billion in 2023.

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Latest Mergers & Acquisitions (M&A)

The agrivoltaics market is seeing emerging M&A activity as solar and agriculture sectors converge. Companies across PV module manufacturing, mounting systems, renewable energy production, and agricultural equipment providers are forming strategic partnerships and acquisitions to enhance their market presence.​

Institutional investors and renewable energy firms are increasing stakes in agrivoltaics projects, particularly in Europe and Asia-Pacific, where supportive policies and land constraints heighten demand for dual-use land solutions.​

AgriVoltaics industry forums and conferences in Europe and globally promote networking and deal-making to consolidate and scale innovative agrivoltaic initiatives.

Key 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.

Latest Technologies
Adjustable & semi-transparent solar panels that dynamically modulate light to balance agricultural needs with maximum energy generation are gaining traction.​

Bifacial thin film and traditional PV panels enable sunlight capture from both sides, boosting output per land area.​

IoT and AI sensors provide real-time monitoring of microclimates beneath solar arrays, aiding precision irrigation, harvesting, and crop selection, improving resilience to weather and climate shocks.​

Vertical agrivoltaic systems (e.g., Sentnet Engineering's SkyGre) offer innovative spatial use of land by integrating solar generation in vertical farming contexts.

Key Development:

In December 2023, Turkey launched an Agrivoltaics research initiative aimed at studying products and production processes. As part of this effort, researchers developed specialized tracker devices for crops grown using Agrivoltaics technologies.

Earlier, in October 2023, the National Solar Energy Federation of India (NSEFI) formed the Agrivoltaics Alliance in Delhi. The initiative's primary goal is to streamline crop production, reduce the incidence of diseased vegetables, lower manufacturing costs, and maximize the utilization of natural sunlight.

Growth Forecast Projected:
The Global Agrivoltaics Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Agrivoltaics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

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))

Regional Analysis for Market:

⇥ 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)

Key Industry Developments

Agrivoltaics addresses critical land scarcity, food security, and renewable energy growth, providing a triple land use that enhances food production, optimizes water use, and generates clean energy concurrently.​

Europe leads with ~40% of installations, supported by policies such as REPowerEU, while Asia-Pacific (especially India, Japan, China) exhibits the fastest growth driven by energy and agricultural needs.​

Agrivoltaics adoption enhances climate resilience for farmers by reducing heat stress, lowering evaporation, and stabilizing crop yields under variable environmental conditions.​

Corporate sustainability agendas and energy transition policies increasingly incorporate agrivoltaic solutions as part of integrated climate adaptation strategies

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Agrivoltaics producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Agrivoltaics revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Agrivoltaics Market?

A: The Agrivoltaics Market stood at US$ 4.32 billion in 2024 and is set to experience remarkable growth, reaching US$ 8.41 billion by 2032

Q2: How fast is the Agrivoltaics Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 8.68% from 2025 to 2032

Product Launches

Companies are launching AI-driven agrivoltaic management platforms combining solar energy yield optimization with smart irrigation and crop health monitoring.​

Adjustable solar arrays enabling light modulation for shade farming are being commercially deployed, supporting higher-value crops like berries and leafy greens with demonstrated yield improvements under partial shading.​

New bifacial PV modules designed for agrivoltaics that maximize energy capture and durability are entering the market in 2025.

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