Technology
Agrivoltaics Market to Grow by USD 1.99 Billion (2024-2028) as Agrivoltaic Benefits Drive Growth; AI-Redefined Market Landscape Report – Technavio
Published
2 years agoon
By
NEW YORK, Oct. 30, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global agrivoltaics market size is estimated to grow by USD 1.99 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 10.7% during the forecast period. Benefits of agrivoltaics is driving market growth, with a trend towards rising opportunities for agrivoltaics energy projects. However, limited commercial reach of agrivoltaics poses a challenge. Key market players include BayWa r.e. AG, Enel SPA, Insolight, Jacks Solar Garden, JinkoSolar Holding Co. Ltd., Mackin Energy Japan Co. Ltd., Mirai Solar, Next2Sun, Ombrea SAS, REM TEC srl, sandbox solar llc, SunAgri, Svea Solar, Tse Energy Ltd, and ZIMMERMANN PV-Agri.
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Agrivoltaics Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 10.7%
Market growth 2024-2028
USD 1994.5 million
Market structure
Concentrated
YoY growth 2022-2023 (%)
8.3
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 36%
Key countries
US, Germany, China, France, and Japan
Key companies profiled
BayWa r.e. AG, Enel SPA, Insolight, Jacks Solar Garden, JinkoSolar Holding Co. Ltd., Mackin Energy Japan Co. Ltd., Mirai Solar, Next2Sun, Ombrea SAS, REM TEC srl, sandbox solar llc, SunAgri, Svea Solar, Tse Energy Ltd, and ZIMMERMANN PV-Agri
Market Driver
The agrivoltaics market is experiencing significant growth due to progressive policies and substantial investments in various countries. France leads the way, implementing the Act APER in March 2023, which supports solar power projects on farmlands while maintaining agricultural production. By 2050, France aims to reach 100 gigawatts of solar energy, with agrivoltaics playing a crucial role. The legal framework has already generated a market turnover of USD121 million and is instrumental in France’s goal of 40% renewable energy by 2030. Turkey is also advancing in agrivoltaics, with a new project under the ODTU-GUNAM Center for Solar Energy Research and Applications. This initiative focuses on developing crop-specific tracker systems, enhancing efficiency and productivity. The first agrivoltaics research project in Turkey was inaugurated in December 2023. These developments underscore the expanding opportunities in the global agrivoltaics market, driven by innovative policies, investments, and the dual benefits of solar energy and agriculture production. As more countries adopt similar frameworks, the agrivoltaics sector is set for substantial growth, contributing to sustainable energy and agricultural practices worldwide. This trend is expected to positively impact the market during the forecast period.
Agrivoltaics, the fusion of agriculture and photovoltaics, is gaining momentum in the global market. This innovative approach allows for the co-location of solar panels and crop production, maximizing land use efficiency. Dual-use solar, also known as agrophotovoltaics, benefits various crop types, including vegetables, fruits, and even livestock grazing. Data analytics plays a crucial role in optimizing crop production and solar energy output. Soil moisture and water retention are enhanced through rainwater harvesting and the use of organic and chemical fertilizers. Agrivoltaics addresses soil degradation, food crisis, and power crisis concerns. Fixed solar panels and dynamic agrivoltaics, featuring microcrystalline, polycrystalline, and monocrystalline PVs, are utilized in diverse agricultural landscapes. Translucent photovoltaic technology supports grassland farming and horticulture. The energy transition towards sustainable farming practices increases crop efficiency, food demand satisfaction, and biodiversity preservation. Utility-scale solar farms and ground-mounted PV plants employ array configurations like fixed and single-axis tracking, monofacial and bifacial solar panels. Agrivoltaics: a sustainable solution for the future of agriculture and solar energy.
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Market Challenges
The global agrivoltaics market is currently facing challenges in achieving widespread commercial adoption due to the limited variety of crops and agricultural settings tested in pilot projects. In India, for instance, agrivoltaics pilots primarily focus on a narrow range of crops and specific farming conditions. A major concern among farmers is the potential reduction in crop yield due to shading from solar panels. While some pilot projects have reported increased yields for certain crops like medicinal crops and leafy vegetables, the overall acceptance of agrivoltaics remains cautious. Crops such as pepper, coffee, cardamom, brinjal, cabbage, tomato, potato, beans, lentils, geranium, spices, medicinal plants like chili, cumin, aloe vera, lemon grass, and coriander have been tested in India. However, the commercial scalability of these projects is constrained by the specific requirements of different crops. To overcome these challenges, it is essential to expand the scope of agrivoltaics research to include a broader range of crops and diverse agricultural settings. This will help in identifying optimal conditions for various crops and enhance the commercial viability of agrivoltaics systems. Addressing these limitations is crucial for the global agrivoltaics market to achieve its full potential and contribute to sustainable agricultural and energy solutions. The limited commercial reach of agrivoltaics will negatively impact the market during the forecast period.Agrivoltaics, the fusion of solar energy and agricultural practices, presents exciting opportunities for renewable energy production and agricultural output. However, implementing this innovative solution comes with challenges. Utility-scale solar farms and ground-mounted PV plants require careful array configuration, with options between fixed and single-axis tracking systems. Monofacial solar panels versus bifacial or translucent photovoltaic technology impact crop yields and land efficiency. For farmers, integrating Agrivoltaics into grassland farming, horticulture, and indoor farming can provide dual-revenue streams. Yet, challenges include pollinator habitat, carbon sequestration, and greenhouse gas emissions. Solar panels can influence microclimate, affecting crop types like root crops. Dynamic panels versus fixed panels impact solar energy generation and agricultural productivity. Irrigation solutions, energy demand, transmission losses, cold storage, and market challenges related to renewable capacity and agricultural output also need consideration. Tracking equipment and soil sensors are essential for optimizing Agrivoltaics, addressing climate change, and ensuring sustainable farming practices. By overcoming these challenges, Agrivoltaics can contribute to a more sustainable future, balancing energy production and agricultural productivity while minimizing environmental impact.
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Segment Overview
This agrivoltaics market report extensively covers market segmentation by
Type 1.1 Fixed panel1.2 Dynamic panelApplication 2.1 Outdoor farming2.2 Indoor farming2.3 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America
1.1 Fixed panel- Fixed panel agrivoltaics is a growing segment in the agrivoltaics market, where solar panels are installed at a fixed angle above agricultural land to optimize solar energy capture. These systems are elevated above the ground, enabling farmers to continue their agricultural activities below. Fixed panel installations are common in large-scale projects exceeding 5 MW due to their simplicity in design and installation, as well as their cost-effectiveness. The integration of solar panels with agriculture provides shade, improving animal welfare and supporting the growth of permanent flora and grassland, which can be used for grazing. Fixed panel systems also offer economic benefits by providing farmers with an additional revenue stream from energy production. Their ability to protect crops from harsh weather conditions and maximize land use efficiency makes them a popular choice for regions with limited arable land. The ongoing development and optimization of fixed panel agrivoltaics systems are expected to drive further adoption, contributing to sustainable energy production and agricultural resilience. In summary, fixed panel agrivoltaics systems offer practical and efficient solutions for integrating solar energy production with agriculture, enhancing land use efficiency, supporting agricultural productivity, and providing economic benefits. These factors will continue to drive the growth of the fixed panel agrivoltaics segment and the agrivoltaics market as a whole.
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Research Analysis
Agrivoltaics, also known as agricultural photovoltaics, is an innovative approach that combines solar energy production with agricultural practices. This system allows the co-location of ground-mounted PV plants and crops, maximizing land efficiency. The array configuration can be fixed or use single-axis tracking to optimize solar energy production. Monofacial solar panels are commonly used in agrivoltaics. Crop yields can benefit from the shade provided by solar panels, particularly for root crops and other temperature-sensitive plants. Agrivoltaics also offers advantages in water management, with potential for rainwater harvesting and soil moisture retention. Organic fertilizers can replace chemical fertilizers, reducing greenhouse gas emissions and mitigating soil degradation. In agro-based economies, agrivoltaics can contribute to climate change mitigation and renewable energy production. The microclimate created by the solar panels can help protect crops from extreme temperatures and droughts. Overall, agrivoltaics is a promising solution for increasing energy production while maintaining crop production and addressing food security concerns.
Market Research Overview
Agrivoltaics, the integration of solar energy production and agricultural practices, is revolutionizing the renewable energy landscape. By installing solar panels on agricultural land, farmers can generate electricity while maintaining crop yields and even enhancing land efficiency. Utility-scale solar farms and ground-mounted PV plants are common configurations for agrivoltaics, with array configurations including fixed and single-axis tracking. Monofacial and bifacial solar panels, translucent photovoltaic technology, and dynamic panels are used. Agrivoltaics benefits various agricultural practices such as grassland farming, horticulture, and indoor farming, while providing pollinator habitats and contributing to carbon sequestration and environmental conservation. Dual-revenue streams from energy production and agricultural output make agrivoltaics an attractive option for agro-based economies facing climate change. Agrivoltaics also addresses challenges like droughts, irrigation solutions, and energy demand, while reducing greenhouse gas emissions and transmission losses. Crop types and agricultural landscapes vary, with photovoltaics (PVs) used for dual-use solar, crop production, and soil moisture management. Organic and chemical fertilizers, soil sensors, data analytics, and crop types are all important considerations in agrivoltaics. The market faces challenges like renewable capacity expansion, agricultural output, tracking equipment, and soil degradation, but the potential benefits for food and power crises make it a promising solution for the energy transition and sustainable farming.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeFixed PanelDynamic PanelApplicationOutdoor FarmingIndoor FarmingOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Axon Announces Body 5: Next-Generation Camera Built for the AI Era
Published
4 hours agoon
October 24, 2026By
Axon Body 5 delivers 25x the AI processing power of earlier-generation cameras, with upgraded connectivity, audio and battery life to support real-time situational awareness in the field
SCOTTSDALE, Ariz., Oct. 24, 2026 /PRNewswire/ — Axon (Nasdaq: AXON), the global leader in public safety technology, today announced Axon Body 5, its newest body-worn camera designed to bring more powerful intelligence, connectivity and real-time support directly to officers in the field.
For years, Axon body cameras have helped agencies capture critical evidence and create greater transparency. Body 5 is built to help officers during the call, with information, assistance and backup on the spot.
“Officers shouldn’t have to choose between getting information and watching the scene. With Axon Body 5, they don’t,” said Rick Smith, Axon Founder and CEO. “They capture a license or document with the camera, keep their hands free and eyes up, and get information faster than writing it down and calling it in by radio. An officer fully engaged with the person in front of them, not down at a notepad, is a safer officer and a better-served community.”
Axon Body 5: Built for the AI Era
Built from the ground up for the AI era, Axon Body 5 delivers 25x the AI processing power than earlier generation Axon body cameras, alongside advancements in connectivity, audio, video and battery life. Together, these upgrades give the camera the physical power to run smarter AI features — both today and as new AI tools are developed in the future — while also making it more dependable for officers to use every day.
For the first time, Axon is also introducing two versions of its latest flagship camera: Axon Body 5 and Axon Body 5 Pro.
Both models feature several key advancements, including:
25x more processing power for AI: A powerful new computing architecture creates the capacity to support current and future AI features directly on the body camera.Enhanced video: Improved video captures clearer evidence across challenging environments, including better low-light performance.Improved connectivity: Seamless connectivity in urban and remote environments – and more precise location capability – helps officers, cameras and remote support teams stay connected when timely information matters most.Longer battery life: 20% more battery life than the previous generation helps keep the camera ready and connected throughout an officer’s shift.
The Axon Body 5 Pro will continue to gain new AI capabilities as they become available, growing along with the AI Era Plan. Additionally, new hardware features include:
A near-focus camera: An additional dedicated camera lens lets officers scan driver’s licenses to check status and search for wants or warrants in seconds, without returning to the patrol vehicle, with relevant information sent to Axon Fusus to support real-time operations.Front-facing speakers: Four additional speakers project even more powerful audio toward the person an officer is speaking with, helping real-time translations from Axon Assistant carry more clearly over heavy traffic or crowd noise. Additional memory: Extra space lets the camera run several AI tools at once, helping officers stay better informed and work faster.
Bringing More of Axon’s AI Era Into the Field
Axon Body 5 helps officers get more out of the Axon AI Era Plan by bringing smart tools right to the scene. Axon’s portfolio already supports public safety professionals across a growing range of tasks. For example, Draft One helps officers turn body-camera audio into high-quality report drafts and Axon Assistant provides voice-based information access and real-time translation.
Increasingly, Axon is also bringing AI into real-time operations.
Axon Guardian is a new category of AI features within the AI Era Plan that was specifically created to work with an officer’s field-based devices – starting with body cameras and in-car cameras – to improve safety. Guardian is designed to flag potential risks as situations unfold and create alerts when additional attention may be needed. Two of the first features include:
Escalation Detection: When an Axon Body 4 or Axon Body 5 camera is activated and recording, Guardian has the ability to detect potential conflicts in real time and create an alert in Axon Fusus. A human reviews the livestream and decides if additional support or action is needed.Approach Alert: When active on Axon Fleet 3, Guardian can detect if the door of a stopped vehicle opens and alert the officer through the in-car display and their body-worn camera.
Combined, Axon Body 5 and the expanding AI Era portfolio demonstrate the importance of AI as a critical resource to assist public safety professionals before, during and after an incident — reducing administrative burden, improving situational awareness and helping protect more lives.
Innovating Responsibly
Axon’s Responsible Innovation framework guides the development of all of its products. Designed with this in mind, Axon Body 5 and Guardian prioritize human oversight and maintain agency control over data. As a key part of the responsible innovation process, Axon’s independent Ethics and Equity Advisory Council was created to help responsibly develop and deploy new technologies with transparency, while aligning with community expectations.
General availability dates for Axon Body 5 and Axon Guardian will be announced soon. Product features and capabilities vary by configuration. For more information on Axon’s current products and services: Axon Product Catalog – Axon.com.
About Axon
Axon (Nasdaq: AXON) is the global leader in public safety technology supporting state, local, federal and international public safety agencies with technology designed to Protect Life. Complementing its mission, Axon’s growing Enterprise market focuses on protecting critical infrastructure and frontline workers across multiple industries including corporate security, hospitality, retail and healthcare. Founder-led since 1993, Axon builds products with transparency and responsibility. From TASER energy devices to today’s connected network of hardware – including cameras, drones, and robotics – cloud software, sensors, and AI-tools, the Axon ecosystem helps seamlessly protect people and places when it matters most. To ensure these technologies align with community expectations, Axon’s independent Ethics & Equity Advisory Council guides the ethical, inclusive, and accountable design of its products and services. Learn more about the EEAC and Axon’s Responsible Innovation framework at Axon Responsibility.
Non-Axon trademarks are the property of their respective owners. Axon, TASER and the Delta Logo are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.
Please visit https://investor.axon.com and https://www.axon.com/newsroom for more information.
Media Contact:
Kate MacKinnon
Vice President, Communications
press@axon.com
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SOURCE Axon
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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design
Published
5 hours agoon
October 24, 2026By
The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.
ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.
The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.
The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.
Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.
The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.
Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.
Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.
Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.
The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.
As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.
A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.
About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.
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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang
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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:
On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.
He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.
With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.
Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.
This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.
Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.
In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.
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