The Agrivoltaics Market is expected to grow at a CAGR of 10.2% from 2025 to 2032, reaching nearly USD 9.66 Billion. Agrivoltaics combines traditional agriculture with solar power generation, allowing for simultaneous food production and renewable energy generation on the same land. The market growth is driven by technological advancements, government initiatives, and the dual benefits of combining agriculture with renewable energy production. The market is expected to expand into new regions, such as North America and the Asia-Pacific, as more countries recognize the benefits of combining solar energy and agriculture. The integration of agrivoltaic systems is also expected to contribute to carbon sequestration efforts and reduce the carbon footprint of agricultural operations.
The market is segmented by system design, crop, and cell type. Key players in the market include DualSun, SOLARWATT, SunPower Corporation, and others. The future of the agrivoltaics market appears promising, with trends indicating a focus on sustainable practices, advancements in system designs, and expansion into new regions.