Agrivoltaics Market Size

Agrivoltaics Market size was over USD 4.73 billion in 2024 and is projected to exceed USD 17.94 billion by the end of 2037, growing at over 10.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of agrivoltaics is evaluated at USD 5.14 billion. The reason behind the growth is impelled by the growing agriculture industry across the globe. Agriculture is one of the world's largest and most important industries, which has made incredible progress driven by rapidly increasing demand for agricultural products owing to the growing world's population. According to estimates, the global agriculture market is expected to grow by over 5% between 2024-2028. 

The growing installation of Agrivoltaics systems is believed to fuel the agrivoltaics market growth. Agri-PV systems are complex systems that include at least spatial systems, energy systems, and agricultural systems to optimize land's potential without harming the ecosystem. For instance, agricultural solar power systems will become increasingly important around the world in the coming years, with the total installed capacity expected to reach more than 8GW by 2030.