MarketHub · Energy & Power · Global

Agrivoltaics Market Size, Share and Forecast Trends - Growth Analysis and Outlook Report 2026-2030

Agrivoltaics is an integrated land-use approach that combines solar photovoltaic installations with agricultural production, enabling farmers to generate electricity while continuing to grow crops or raise livestock on the same land. The global agrivoltaics market reached approximately $5.3 billion in 2025 and is currently estimated at $5.883 billion in 2026, with projections indicating expansion at a compound annual growth rate of 11.0% through 2031. This growth is fueled by rising demand for renewable energy, land-use optimization pressures, supportive government policies, and the need for farmers to diversify income streams. Europe currently dominates the market, though Asia-Pacific and North America are seeing rapidly increasing deployment as technology costs decline and regulatory frameworks evolve.

Market size · 2026
$5.9 billion
CAGR · 2026–2031
11%
Forecast · 2031
$9.9 billion
Basis
Claight Analysis
Market size (USD)
Base year 2026
Official data · Claight AnalysisForecast
Market size and forecast are Claight Analysis, informed by public research.
Forecast
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2026 base: $5.9bn2031 est: $9.9bn
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Market Overview

Agrivoltaics, also known as agrivoltaic systems or solar-plus-agriculture, refers to the co-location of solar energy production and agricultural activities on the same parcel of land. These systems are categorized mainly into fixed structures, where solar panels are mounted at a permanent angle, and dynamic systems with adjustable panels that can be repositioned to optimize light for crops or electricity generation based on seasonal needs.

Growth Drivers

Supportive government policies and renewable energy mandates are accelerating deployment, with many countries offering feed-in tariffs, tax incentives, and streamlined permitting for dual-use solar-agriculture projects. The dual revenue stream from both energy sales and agricultural production provides economic resilience for farmers facing climate volatility and market price fluctuations.

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Segmentation and Regional Analysis

The market is segmented by technology type, including fixed-tilt systems, single-axis tracking, and bifacial panel configurations, as well as by application across open-field farming, greenhouses, and livestock operations. Europe leads global adoption, particularly in France, Germany, and Italy, where early policy support and research programs have established regional expertise.

Trends and Outlook

What are the recent trends and outlook?

Innovation in sensor technology, artificial intelligence-driven panel positioning, and crop science optimization is enabling more sophisticated agrivoltaic systems that can dynamically balance light distribution between crops and solar panels. The market is expected to continue its upward trajectory through 2031, supported by expanding policy frameworks and growing corporate procurement of renewable energy with agricultural co-benefits.

Key Companies and Developments

Named companies and quantified developments shaping the Agrivoltaics Market market.

  • Permonte - The government of Montenegro issued urban planning and technical requirements for the construction of the 120 MW Kosanica agrivoltaic farm for an area of 121 hectares to Permonte.
  • Lightsource BP - In June 2025, Lightsource BP secured $200.00Mn of financing for a 115 MWp fishery solar project in Chiayi County, Taiwan.
  • New York State Energy Research and Development Authority - In July 2024, the New York State Energy Research and Development Authority announced $5.00Mn in funding for demonstration projects that co-locate solar projects and agricultural operations in New York State.
  • European Commission’s Joint Research Centre - According to the European Commission’s Joint Research Centre’s agrivoltaics study, agrivoltaics on just 1% of utilized agricultural area in the EU could bring 944 GW of peak capacity online.
  • Global Agrivoltaics Market - The global agrivoltaics market size reached USD 5.12 billion in 2025 and is estimated to surpass around USD 13.32 billion by 2035.
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Market size and forecast are Claight Analysis, informed by public research and industry data. Historical years before 2026 and all forecast years are Claight estimates at the stated CAGR. Retrieved 2026.