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Agrivoltaics Market

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Agrivoltaics Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By System Design (Fixed Solar Panels, Dynamic); By Cell Type (Monocrystalline, Polycrystalline); By Crop (Vegetables, Fruits, Crops, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

  • Published Date: November 2023
  • Report ID: BWC23914
  • Available Format: PDF
  • Page: 400

Report Overview

The world's increasing population, the scarcity of arable land, and a rising need for energy from renewable sources are expected to be main factors driving the Global Agrivoltaics Market during the forecast period between 2023 and 2029.

Global Agrivoltaics Market – Industry Trends & Forecast Report, 2029

Global Agrivoltaics Market size was estimated at USD 3.62 Billion in 2022. During the forecast period between 2023 and 2029, the Global Agrivoltaics market size is projected to grow at a CAGR of 11.51% reaching a value of USD 6.96 Billion by 2029. The Global Agrivoltaics Market is being driven by the world's increasing population, the scarcity of arable land, and a rising need for energy. Additionally, the market anticipates a substantial boost in food production to meet the growing demand for sustenance in the foreseeable future. The growth is further driven by advancements in food production techniques, decreased water usage in agriculture, the generation of sustainable energy, and the additional income generated through photovoltaic panels.

Agrivoltaics Market

Agrivoltaics – Overview

Agrivoltaics is a simultaneous use of land for agriculture and solar PV power generation. This is also known as agrophotovoltaics, or dual use solar, as the land is used to grow crops and for solar panel installations. Depending on factors such as geographical aspects, types of crops, and climatic factors of a location, the solar panels can be deployed by placing them in between crops, putting them on stilts above crops and installing them as greenhouse solar buildings. Benefits of agrivoltaics include greater yield, lower consumption of water, additional source of income for farmers, and a shared sense of value for land usage.

Global Agrivoltaics Market

Growth Drivers

Rapid Adoption of Innovative Farming Techniques

The significant drivers of innovative farming techniques in the agrivoltaics market can be attributed to several key factors. These include a rapidly growing global population, an increasing reliance on agriculture to meet the rising demand for food, and higher investments in advanced farming equipment. These converging trends are expected to have a profound impact on the agrivoltaics market, propelling its growth to new heights.

Restraints

High Installation Costs

Due to the high cost of solar PV modules, the initial installation expenses are elevated. The solar PV industry is currently witnessing expansion, driven by global energy transitions aimed at reducing carbon emissions. This transition is anticipated to gradually lower the expenses associated with solar PVs as the increasing demand for these systems will stimulate mass production and attract new entrants to the industry. Nonetheless, the present installation costs pose a significant financial burden on farmers, even with the support of government subsidies, and the potential income generated from solar power.

Impact of COVID-19 on Global Agrivoltaics Market

The market was minimally affected by the COVID-19 pandemic because it has not yet reached a broad commercialization stage. This emerging concept is still not widely embraced by farmers and faces a shortage of supporting data. The pandemic disrupted global supply chains, affecting the availability of solar panels and related equipment. The pandemic highlighted the vulnerabilities of traditional agriculture. As a result, there has been increased interest in sustainable and resilient agricultural practices, including agrivoltaics. Despite initial disruptions, the agrivoltaics market is expected to grow as the world focuses on building more resilient and sustainable systems for the future.

Global Agrivoltaics Market

Segmental Coverage

Global Agrivoltaics Market – By System Design

Based on the system design, the Global Agrivoltaics Market is split into Fixed Solar Panels and Dynamic segment. The dynamic segment dominates the Global Agrivoltaics Market, primarily because of their tailored designs that match specific crop types, land conditions, weather prerequisites, and other variables. These systems are installed based on demand and can be repositioned or adjusted as necessary, although it's important to note that they come with a relatively high installation cost. In contrast, fixed solar panels are expected to experience rapid growth during the forecast period due to their suitability for permanent installations.

Agrivoltaics Market Size

Global Agrivoltaics Market – By Cell Type

Based on cell type, the Global Agrivoltaics Market is bifurcated into Monocrystalline and Polycrystalline segments. The monocrystalline cell type dominates the Global Agrivoltaics Market. Monocrystalline solar cells are known for their higher efficiency compared to polycrystalline cells. They can convert a higher percentage of sunlight into electricity. In agrivoltaic systems, where space is limited and solar panels need to coexist with agriculture, the higher efficiency of monocrystalline cells is an advantage.

Global Agrivoltaics Market – By Region

Based on the Region, Global Agrivoltaics market is divided into North America, Europe, Asia Pacific (APAC), Latin America (LATAM) and Middle East and Africa (MEA). North America is expected to dominate the market, primarily due to its advanced agricultural machinery and equipment, which have significantly benefited the agrivoltaics sector. Meanwhile, in Europe, where there is limited available farmland and an increasing adoption of agrivoltaic systems, there is a projection of enhanced crop efficiency and increased food production.

Competitive Landscape

Major players operating in the Global Agrivoltaics Market include Agrivoltaic Solution, Sun Agri, REM TEC, Enel Green Power, Boralex, BayWa AG, TotalEnergies SE, Mackin Energy, and Ombrea. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In September 2023 - TotalEnergies, the global oil and gas supermajor, completed the acquisition of Ombrea, a France-based agrivoltaics company, to strengthen its sustainability credentials in the growing sector.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Product/ Service Segmentation

System Design, Cell Type, Crop, Region

Key Players

Agrivoltaic Solution, Sun Agri, REM TEC, Enel Green Power, Boralex, BayWa AG, TotalEnergies SE, Mackin Energy, Ombrea

 

By System Design

  • Fixed Solar Panels

  • Dynamic

By Cell Type

  • Monocrystalline

  • Polycrystalline

By Crop

  • Vegetables

  • Fruits

  • Crops

  • Others

By Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3.  Global Agrivoltaics Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising innovative farming techniques
        2. Growing demand for renewable energy
      2. Restraints
        1. High installation costs
        2. Lack of awareness
      3. Opportunities
        1. The rising government initiatives
        2.  Expanding into new markets
      4. Challenges
        1. Lack of skilled workforce
        2. Maintenance
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4.  Global Agrivoltaics Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By System Design
        1. Fixed Solar Panels
        2. Dynamic
      2. By Cell Type
        1. Monocrystalline
        2. Polycrystalline
      3. By Crop
        1. Vegetables
        2. Fruits
        3. Crops
        4. Others
      4. By Region
        1. North America
        2. Europe
        3. Asia Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle East and Africa (MEA)
  5. North America Agrivoltaics Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By System Design
      2. By Cell Type
      3. By Crop
      4. By Country
        1. United States
          1. By System Design
          2. By Cell Type
          3. By Crop
        2. Canada
          1. By System Design
          2. By Cell Type
          3. By Crop
  6. Europe Agrivoltaics Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By System Design
      2. By Cell Type
      3. By Crop
      4. By Country
        1. Germany
          1. By System Design
          2. By Cell Type
          3. By Crop
        2. United Kingdom
          1. By System Design
          2. By Cell Type
          3. By Crop
        3. Italy
          1. By System Design
          2. By Cell Type
          3. By Crop
        4. France
          1. By System Design
          2. By Cell Type
          3. By Crop
        5. Spain
          1. By System Design
          2. By Cell Type
          3. By Crop
        6. Belgium
          1. By System Design
          2. By Cell Type
          3. By Crop
        7. Russia
          1. By System Design
          2. By Cell Type
          3. By Crop
        8. The Netherlands
          1. By System Design
          2. By Cell Type
          3. By Crop
        9. Rest of Europe
          1. By System Design
          2. By Cell Type
          3. By Crop
  7. Asia-Pacific Agrivoltaics Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By System Design
      2. By Cell Type
      3. By Crop
      4. By Country
        1. China
          1. By System Design
          2. By Cell Type
          3. By Crop
        2. India
          1. By System Design
          2. By Cell Type
          3. By Crop
        3. Japan
          1. By System Design
          2. By Cell Type
          3. By Crop
        4. South Korea
          1. By System Design
          2. By Cell Type
          3. By Crop
        5. Australia & New Zealand
          1. By System Design
          2. By Cell Type
          3. By Crop
        6. Indonesia
          1. By System Design
          2. By Cell Type
          3. By Crop
        7. Malaysia
          1. By System Design
          2. By Cell Type
          3. By Crop
        8. Singapore
          1. By System Design
          2. By Cell Type
          3. By Crop
        9. Vietnam
          1. By System Design
          2. By Cell Type
          3. By Crop
        10. Rest of APAC
          1. By System Design
          2. By Cell Type
          3. By Crop
  8. Latin America Agrivoltaics Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By System Design
      2. By Cell Type
      3. By Crop
      4. By Country
        1. Brazil
          1. By System Design
          2. By Cell Type
          3. By Crop
        2. Mexico
          1. By System Design
          2. By Cell Type
          3. By Crop
        3. Argentina
          1. By System Design
          2. By Cell Type
          3. By Crop
        4. Peru
          1. By System Design
          2. By Cell Type
          3. By Crop
        5. Rest of LATAM
          1. By System Design
          2. By Cell Type
          3. By Crop
  9. Middle East & Africa Agrivoltaics Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By System Design
      2. By Cell Type
      3. By Crop
      4. By Country
        1. Saudi Arabia
          1. By System Design
          2. By Cell Type
          3. By Crop
        2. UAE
          1. By System Design
          2. By Cell Type
          3. By Crop
        3. Qatar
          1. By System Design
          2. By Cell Type
          3. By Crop
        4. Kuwait
          1. By System Design
          2. By Cell Type
          3. By Crop
        5. South Africa
          1. By System Design
          2. By Cell Type
          3. By Crop
        6. Nigeria
          1. By System Design
          2. By Cell Type
          3. By Crop
        7. Algeria
          1. By System Design
          2. By Cell Type
          3. By Crop
        8. Rest of MEA
          1. By System Design
          2. By Cell Type
          3. By Crop
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Global Agrivoltaics Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Covid-19 on Global Agrivoltaics Market
  12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Agrivoltaic Solution
    2. Sun Agri
    3. REM TEC
    4. Enel Green Power
    5. Boralex
    6. BayWa AG
    7. TotalEnergies SE
    8. Mackin Energy
    9. Ombrea
    10. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Region
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

Figure 1       Global Agrivoltaics Segmentation

Figure 2       Global Agrivoltaics Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Global Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 5       Global Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 6       Global Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 7       Global Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 8       Global Agrivoltaics Market Share, By Region, By Value, 2019–2029

Figure 9       North America Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 10     North America Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 11     North America Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 12     North America Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 13     North America Agrivoltaics Market Share, By Country, By Value, 2019–2029

Figure 14     United States Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 15     United States Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 16     United States Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 17     United States Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 18     Canada Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 19     Canada Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 20     Canada Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 21     Canada Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 22     Europe Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 23     Europe Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 24     Europe Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 25     Europe Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 26     Europe Agrivoltaics Market Share, By Country, By Value, 2019–2029

Figure 27     Germany Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 28     Germany Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 29     Germany Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 30     Germany Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 31     United Kingdom Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 32     United Kingdom Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 33     United Kingdom Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 34     United Kingdom Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 35     Italy Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 36     Italy Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 37     Italy Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 38     Italy Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 39     France Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 40     France Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 41     France Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 42     France Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 43     Spain Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 44     Spain Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 45     Spain Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 46     Spain Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 47     Belgium Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 48     Belgium Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 49     Belgium Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 50     Belgium Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 51     Russia Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 52     Russia Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 53     Russia Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 54     Russia Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 55     The Netherlands Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 56     The Netherlands Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 57     The Netherlands Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 58     The Netherlands Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 59     Rest of Europe Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 60     Rest of Europe Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 61     Rest of Europe Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 62     Rest of Europe Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 63     Asia-Pacific Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 64     Asia-Pacific Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 65     Asia-Pacific Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 66     Asia-Pacific Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 67     Asia-Pacific Agrivoltaics Market Share, By Country, By Value, 2019–2029

Figure 68     China Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 69     China Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 70     China Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 71     China Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 72     India Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 73     India Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 74     India Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 75     India Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 76     Japan Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 77     Japan Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 78     Japan Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 79     Japan Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 80     South Korea Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 81     South Korea Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 82     South Korea Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 83     South Korea Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 84     Australia & New Zealand Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 85     Australia & New Zealand Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 86     Australia & New Zealand Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 87     Australia & New Zealand Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 88     Indonesia Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 89     Indonesia Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 90     Indonesia Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 91     Indonesia Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 92     Malaysia Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 93     Malaysia Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 94     Malaysia Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 95     Malaysia Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 96     Singapore Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 97     Singapore Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 98     Singapore Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 99     Singapore Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 100   Vietnam Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 101   Vietnam Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 102   Vietnam Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 103   Vietnam Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 104   Rest of APAC Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 105   Rest of APAC Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 106   Rest of APAC Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 107   Rest of APAC Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 108   Latin America Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 109   Latin America Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 110   Latin America Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 111   Latin America Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 112   Latin America Agrivoltaics Market Share, By Country, By Value, 2019–2029

Figure 113   Brazil Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 114   Brazil Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 115   Brazil Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 116   Brazil Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 117   Mexico Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 118   Mexico Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 119   Mexico Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 120   Mexico Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 121   Argentina Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 122   Argentina Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 123   Argentina Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 124   Argentina Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 125   Peru Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 126   Peru Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 127   Peru Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 128   Peru Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 129   Rest of LATAM Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 130   Rest of LATAM Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 131   Rest of LATAM Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 132   Rest of LATAM Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 133   Middle East & Africa Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 134   Middle East & Africa Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 135   Middle East & Africa Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 136   Middle East & Africa Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 137   Middle East & Africa Agrivoltaics Market Share, By Country, By Value, 2019–2029

Figure 138   Saudi Arabia Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 139   Saudi Arabia Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 140   Saudi Arabia Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 141   Saudi Arabia Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 142   UAE Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 143   UAE Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 144   UAE Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 145   UAE Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 146   Qatar Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 147   Qatar Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 148   Qatar Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 149   Qatar Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 150   Kuwait Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 151   Kuwait Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 152   Kuwait Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 153   Kuwait Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 154   South Africa Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 155   South Africa Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 156   South Africa Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 157   South Africa Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 158   Nigeria Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 159   Nigeria Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 160   Nigeria Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 161   Nigeria Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 162   Algeria Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 163   Algeria Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 164   Algeria Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 165   Algeria Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Figure 166   Rest of MEA Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Figure 167   Rest of MEA Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Figure 168   Rest of MEA Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Figure 169   Rest of MEA Agrivoltaics Market Share, By Crop, By Value, 2019–2029

 

List of Tables

Table 1        Global Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 2 Global Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 3 Global Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 4 Global Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 5 Global Agrivoltaics Market Share, By Region, By Value, 2019–2029

Table 6 North America Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 7 North America Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 8 North America Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 9 North America Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 10      North America Agrivoltaics Market Share, By Country, By Value, 2019–2029

Table 11      United States Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 12      United States Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 13      United States Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 14      United States Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 15      Canada Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 16      Canada Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 17      Canada Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 18      Canada Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 19      Europe Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 20      Europe Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 21      Europe Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 22      Europe Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 23      Europe Agrivoltaics Market Share, By Country, By Value, 2019–2029

Table 24      Germany Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 25      Germany Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 26      Germany Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 27      Germany Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 28      United Kingdom Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 29      United Kingdom Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 30      United Kingdom Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 31      United Kingdom Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 32      Italy Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 33      Italy Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 34      Italy Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 35      Italy Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 36      France Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 37      France Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 38      France Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 39      France Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 40      Spain Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 41      Spain Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 42      Spain Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 43      Spain Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 44      Belgium Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 45      Belgium Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 46      Belgium Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 47      Belgium Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 48      Russia Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 49      Russia Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 50      Russia Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 51      Russia Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 52      The Netherlands Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 53      The Netherlands Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 54      The Netherlands Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 55      The Netherlands Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 56      Rest of Europe Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 57      Rest of Europe Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 58      Rest of Europe Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 59      Rest of Europe Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 60      Asia-Pacific Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 61      Asia-Pacific Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 62      Asia-Pacific Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 63      Asia-Pacific Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 64      Asia-Pacific Agrivoltaics Market Share, By Country, By Value, 2019–2029

Table 65      China Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 66      China Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 67      China Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 68      China Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 69      India Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 70      India Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 71      India Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 72      India Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 73      Japan Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 74      Japan Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 75      Japan Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 76      Japan Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 77      South Korea Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 78      South Korea Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 79      South Korea Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 80      South Korea Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 81      Australia & New Zealand Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 82      Australia & New Zealand Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 83      Australia & New Zealand Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 84      Australia & New Zealand Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 85      Indonesia Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 86      Indonesia Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 87      Indonesia Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 88      Indonesia Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 89      Malaysia Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 90      Malaysia Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 91      Malaysia Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 92      Malaysia Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 93      Singapore Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 94      Singapore Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 95      Singapore Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 96      Singapore Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 97      Vietnam Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 98      Vietnam Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 99      Vietnam Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 100    Vietnam Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 101    Rest of APAC Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 102    Rest of APAC Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 103    Rest of APAC Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 104    Rest of APAC Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 105    Latin America Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 106    Latin America Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 107    Latin America Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 108    Latin America Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 109    Latin America Agrivoltaics Market Share, By Country, By Value, 2019–2029

Table 110    Brazil Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 111    Brazil Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 112    Brazil Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 113    Brazil Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 114    Mexico Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 115    Mexico Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 116    Mexico Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 117    Mexico Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 118    Argentina Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 119    Argentina Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 120    Argentina Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 121    Argentina Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 122    Peru Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 123    Peru Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 124    Peru Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 125    Peru Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 126    Rest of LATAM Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 127    Rest of LATAM Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 128    Rest of LATAM Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 129    Rest of LATAM Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 130    Middle East & Africa Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 131    Middle East & Africa Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 132    Middle East & Africa Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 133    Middle East & Africa Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 134    Middle East & Africa Agrivoltaics Market Share, By Country, By Value, 2019–2029

Table 135    Saudi Arabia Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 136    Saudi Arabia Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 137    Saudi Arabia Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 138    Saudi Arabia Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 139    UAE Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 140    UAE Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 141    UAE Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 142    UAE Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 143    Qatar Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 144    Qatar Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 145    Qatar Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 146    Qatar Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 147    Kuwait Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 148    Kuwait Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 149    Kuwait Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 150    Kuwait Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 151    South Africa Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 152    South Africa Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 153    South Africa Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 154    South Africa Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 155    Nigeria Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 156    Nigeria Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 157    Nigeria Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 158    Nigeria Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 159    Algeria Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 160    Algeria Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 161    Algeria Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 162    Algeria Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 163    Rest of MEA Agrivoltaics Market Size, By Value (USD Billion), 2019–2029

Table 164    Rest of MEA Agrivoltaics Market Share, By System Design, By Value, 2019–2029

Table 165    Rest of MEA Agrivoltaics Market Share, By Cell Type, By Value, 2019–2029

Table 166    Rest of MEA Agrivoltaics Market Share, By Crop, By Value, 2019–2029

Table 167    Agrivoltaic Solution Company Overview

Table 168    Agrivoltaic Solution Financial Overview

Table 169    Sun Agri Company Overview

Table 170    Sun Agri Financial Overview

Table 171    REM TEC Company Overview

Table 172    REM TEC Financial Overview

Table 173    Enel Green Power Company Overview

Table 174    Enel Green Power Financial Overview

Table 175    Boralex Company Overview

Table 176    Boralex Financial Overview

Table 177    BayWa AG Company Overview

Table 178    BayWa AG Financial Overview

Table 179    TotalEnergies SE Company Overview

Table 180    TotalEnergies SE Financial Overview

Table 181    Mackin Energy Company Overview

Table 182    Mackin Energy Financial Overview

Table 183    Ombrea Company Overview

Table 184    Ombrea Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Global Agrivoltaics Market size was estimated at USD 3.62 Billion in 2022.
Ans: Global Agrivoltaics Market size is expected to grow at a CAGR of 11.51% during the forecast period between 2023 and 2029.
Ans: Global Agrivoltaics Market size is expected to reach a value of USD 6.96 Billion by 2029.
Ans: The world's increasing population, the scarcity of arable land, and a rising need for energy are the main factors driving the Global Agrivoltaics market.
Ans: Key players in Global Agrivoltaics Market include Agrivoltaic Solution, Sun Agri, REM TEC, Enel Green Power, Boralex, BayWa AG, TotalEnergies SE, Mackin Energy, Ombrea and other prominent players.
Ans: The dynamic segment holds a major share in Global Agrivoltaics Market by System Design.
Ans: The monocrystalline cell type segment accounts for a higher market share in the Global Agrivoltaics Market.
Ans: North America holds a major share in the Global Agrivoltaics Market. 
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