Top 7 Companies in Agrivoltaics Market 2025: Exploring the Potential Growth & Benefits
In Agrivoltaics, the agriculture land is used for the production of electricity by integrating agricultural activities with solar energy production process, and this approach is rapidly gaining traction across the globe. In this approach the land is used for both agriculture and solar photovoltaic (PV) energy production. Agrivoltaics also offers a solution for improving the food production while fulfilling the clean energy goals.
Why Agrovoltaics is Used Globally?
Agrivoltaics is the process of integrating solar photovoltaic (PV) panels with agricultural activities, which is also called as solar farming. Agrivoltaics enable land to serve dual purposes, such as producing renewable energy and food, without hampering any of the two processes. This process involves installation of solar panels above crops or grazing fields, offering shade to the plants beneath them along with generating electricity.
According to a report by Prophecy Market Insights on Agrivoltaics Market, the agrivoltaics market size accounted for USD 4.4 Billion in 2024 and is expected to reach USD 13.3 Billion by 2035, expanding at a CAGR of 12.4% during the projected period.
The market for agrivoltaics is increasing because of the factors like government support, high demand for renewable energy, surging need for more sustainable farming, technological advancements, and rising demand for agricultural land globally. The industry is also burgeoning due to the rise in the adoption of agrivoltaics for raising farm productivity globally.
Advantages of Agrivoltaics in the Agriculture Industry Globally:
- High Use of Land Efficiently:
One of the initial advantages of agrivoltaics is that it increases the land use. By integrating the solar energy manufacturing with farming, the farmers can use the same plot of land for both energy generation and food production. This is specifically beneficial in areas where land is expensive or limited.
- Improvement in Crop Yields:
Several studies have highlight that, certain crops are benefitted from the partial shade offered by solar panels due to the common belief, which solar panels block sunlight from crops. In hot climates, the shade from solar panels can decrease evaporation of water from the soil, which further improves water retention and minimizing the need for irrigation. This is specifically advantageous regions that are suffering from water scarcity and droughts.
- Increased Revenue for Farmers:
Agrivoltaics is highly used by farmers as it offers additional source of income. By producing solar energy, these farmers can sell electricity back to the grid, further boosting their income from agricultural manufacturing.
The Leading Companies in Agrivoltaics Industry Driving the Future of Solar Farming:
Agrivoltaic Solutions is one of the leading companies that offer tailored agrivoltaic solutions to use in agriculture, further integrating solar power generation with crop production. The company offer a cutting-edge research and development in the agrivoltaics industry, providing solutions for optimizing solar energy output while preventing crops from extreme weather conditions. Recetly, the company has introduced many pilot projects, specifically in regions suffering from shortage of land water scarcity.
Total Solar Solutions or TSE is a multinational company in the solar industry having an increased focus on agrivoltaics. The company is a part of TotalEnergies Group, an energy conglomerate with a strong presence in renewable and conventional energy industries. TSE is involved in different agrivoltaic installations across Europe, specifically in regions, which are highly exposed to sunlight, making them ideal for generating solar energy.
BayWa r.e. AG is has been a leading renewable energy company and a major player in the agrivoltaics market. The primary focus of the company is on the development of renewable energy projects, such as wind, solar, and storage solutions. The company is highly committed in enhancing the use of land efficiently for solar energy production. The company has several projects in agrivoltaics, in which the company has installed solar panels on vineyards in Italy.
Insolight is a startup company based in Switzerland focused on the development of solar technologies with high efficiency. The company is highly recognized by its groundbreaking agrivoltaic system, which uses advanced solar panels and track technologies for optimizing solar energy production while providing protection to crops. In recent times, Insolight has successfully deployed many agrivoltaic systems in France and Switzerland, which are focused on areas with intensive agricultural activity.
JA SOLAR Technology Co., Ltd. is a Chinese corporation, which is one of the largest producers of solar products worldwide. Primarily, the company manufactures solar inverters, modules, and other solar equipment and is now expanding into the agrivoltaics market. Currently, the company is involved in numerous large-scale agrivoltaic projects in China and other parts across Asia. Their systems have been deployed successfully in regions with dry lands or hilly terrain to increase land efficiency for both energy production and farming.
Italy-based Enel Spa is a multinational energy company that operates in renewable energy, worldwide power generation, and distribution. Enel is a pioneer in agrivoltaics by incorporating solar panels with different agricultural practices in different settings. For instance, Enel has introduced agrivoltaic projects in Italy, with agrivoltaic systems placed on farms in which vegetables and other crops.
Sun’Agri is a multinational company based in France and specialized in the development of agrivoltaic solutions for agricultural practices. The innovative technology of the company focuses on dynamic solar tracking and adjusting solar panels’ position to optimize both agricultural conditions and solar power generation.
Conclusion:
The agrivoltaics market is expected to rise in the upcoming years, driven by the surging need for sustainable energy solutions and efficient agricultural practices globally. Due to the worldwide population continues to grow and the climate change effects become more prominent, the agrivoltaics provide a way by allowing farmers to produce crops and generate renewable energy. The industry for agrivoltaics is rapidly, with innovative companies including Agrivoltaic Solutions, TSE, BayWa r.e. AG, Insolight, JA SOLAR, Enel, and Sun’Agri leading the charge worldwide. Each of these companies has brought unique expertise starting from advanced tracking systems to cutting-edge solar panel technology that optimize land use for both energy production and agriculture.