United States Agrivoltaics Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
United States Agrivoltaics Market is Segmented By System Design (Fixed Agrivoltaics, Dynamic Agrivoltaics), By Structure (Overhead Photovoltaics, Interspace Photovoltaics, Photovoltaic Greenhouse). The report offers the value (in USD million) for the above-mentioned segments.
United States Agrivoltaics Market Size
Market Size in USD
CAGR11.6%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 11.6% |
| Market Concentration | High |
| Major Players | Enel Green Power S.p.A., Boralex, Sunrise Power Solutions, McIntosh Energy Japan Co., Ltd., SolarEdge |
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United States Agrivoltaics Market Analysis
The United States Agrivoltaics Market is estimated to be valued at USD 323.6 Mn in 2024 and is expected to reach USD 721.4 Mn by 2031, growing at a compound annual growth rate (CAGR) of 11.6% from 2024 to 2031.
The agrivoltaics market in the United States is witnessing significant growth owing to rising awareness regarding sustainable energy practices, coupled with growth in implementation of favorable government policies to promote adoption of solar energy in agriculture. The government is aggressively promoting the establishment of agrivoltaic power projects through various subsidy schemes like investment tax credits. Leading utilities in the country are also proactively partnering with farmers to develop agrivoltaic installations. Additionally, ongoing research and development activities to optimize designs of agrivoltaic systems is further expanding the potential of these systems and helping the market capture a wider customer base.