USD 533.24 million
Solar Carport Market Size, Share, Growth Analysis, By Product(commercial, non-profit, and others), By Application(cantilever design and W-frame design), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG55E2011 |
Region:
Global |
Published Date: July, 2024
Pages:
182
|Tables:
61
|Figures:
75
Solar Carport Market Insights
Global Solar Carport Market size was valued at USD 533.24 million in 2022 and is poised to grow from USD 558.30 million in 2023 to USD 806.20 million by 2031, growing at a CAGR of 4.70% during the forecast period (2024-2031).
A solar carport canopy can provide shade over a parking area, and is a different type of solar panel installation than one that is attached to a pre existing carport structure. They are one type of the solar system. The solar carport system provides shade for parking, as well as an increased installing height for solar panels.
A solar carport is very similar to a ground-mounted solar panel installation, in that both are angled panel modules installed on the ground rather than on a rooftop. The great advantage of solar carports and solar patio covers is that they don't require additional land the way ground mounts do.
Solar panels are more efficient when mounted on carports, as opposed to ground-mounted panels. If you're concerned about efficient use of space, consider a solar carport over a ground-mounted system. Overall, solar carports have fewer restraints and conflicts than ground-mounted solar systems, making them preferable in any circumstance. The increasing knowledge of the many benefits of solar energy has helped to fuel the growth of the solar carport market.
Market development is related to the advantages of solar cars, such as increased flexibility. Solar carports generate electricity just like other solar energy systems do, and batteries can store the energy for later use. This contributes to the market growth. A solar carport can help to optimize the placement of solar panels, which is another factor contributing to the market growth.
US Solar Carport Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
W-frame design
Fastest Growth
W-frame design
Growth Rate
4.70% CAGR
Global Solar Carport Market ($ Bn)
Country Share for North America Region (%)
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Solar Carport Market Segmental Analysis
The solar carport market is segmented on the basis of by type, by application by design, and by region. Whereas, by type is sub segmented into the One-row vehicle arrangement carport, two row single slope vehicle slope vehicle arrangement and two row dial slope vehicle arrangement.By application is sub segmented into the commercial, non-profit, and others. The design is sub segmented into the cantilever design and W-frame design. By region, the Solar Carport Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Solar Carport Market Analysis by Type
On the basis of type, A one-row vehicle arrangement carport has a single, sloped roof supported by a series of beams or supports. This structure is simple but highly effective. This carport can be attached to an existing building structure or stand separately on columns. to use a carport for commercial purposes, two rows of cars make sense because it takes less space and using less materials results in a carport that can hold more vehicles. A one-row vehicle arrangement carport is a good choice for small parking areas, and is likely to grow significantly over the next few years.
Solar Carport Market Analysis by Application
Based on the application, A non-profit organization is leading the market because it can install solar garage systems quickly, inexpensively, and with no out-of-pocket costs. This factor is contributing to the growth of the segment in the market.
Global Solar Carport Market By Application
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Solar Carport Market Regional Insights
Six Flags Entertainment in North America created the largest solar carport in California and became the entertainment industry market leader in renewable energy. The market is growing due to increasing awareness of solar energy and its benefits in countries such as the US. In Europe, Schindler Clean Energy Systems specializes in solar carports and power supplies for electric vehicles. In one project, they combined a long carport with strong commercial energy storage to provide sufficient power for electric cars. As the number of electric cars continues to grow, the solar carport market will also see a boost.
In the Asia Pacific region, various solar projects are being built in countries like India and Singapore, which will help to raise the solar carport market. The growth of sustainable energy practices in countries like the United Arab Emirates and Saudi Arabia will drive the market. The UAE has set a green energy target of generating 50% of its energy from renewable sources by 2050. This will raise the market for solar carports.
Global Solar Carport Market By Region
- Largest
- Fastest
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Solar Carport Market Dynamics
Solar Carport Market Drivers
Rise of Solar Energy Popularity is Bolstering Market Growth
- The key driver of this market is the increase in the awareness of the importance of solar energy. Solar energy is a free and renewable resource, with many diverse applications. Other factors driving the market include , solar carports prove to be sensible in various climates. In cold climates, the municipality uses its resources to protect cars from ice and snow, while also reducing the need for planning. A carport can help keep cars much cooler than if they were exposed to direct sunlight in warmer climates. Solar carports can be a great way to convert unproductive and unused space into sustainable and productive investment. Solar carports can be a great way to add solar power to property without having to alter it, and at the same time provide a sheltered place for your vehicles. A charging point can be used to charge electric vehicles. Many areas are off the grid, so using a solar carport in those areas will drive the market.
Solar Carport Market Restraints
High Cost to Hinder Market Growth
- The high cost of installing solar carports and the expense of maintaining them is a significant barrier to market growth. For installing a PV system, you will need to invest a lot of money up front. Other market restraining factors include solar carports that are vulnerable to weather conditions. During cloudy and rainy days, the sunglasses won't provide protection from the sun's rays as effectively. Also, storing solar energy costs a lot in battery cells. It is also important to find a place to store the battery where it will not get wet and damage it.
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Solar Carport Market Competitive Landscape
The solar carport market is highly fragmented, with many small players providing solar carports to various countries. There are numerous players in the global carport market, catering to the increasing demand from the commercial building and construction sector.
Solar Carport Market Top players company profiles
- Envision Solar
- Solaire Generation
- SunPower Corporation
- Phoenix Solar AG
- Schletter Inc.
- Kokko Shisetsu Kogyo Co. Ltd.
- Martifer Solar
- Orion Solar Racking
- SolarCity Corporation
- Hanergy Holding Group Ltd.
- SunEdison Inc.
- S:FLEX GmbH
- Anyo New Energy
- Green Choice Solar
- Suncorp Energy
- Biohaus PV Handels GmbH
- Solibro GmbH
- Meridian Solar
- Solarsense UK Ltd.
- Terra Solar
Solar Carport Market Recent Developments
In January 2022, Antai Technology Co.Ltd achieved a total of 5,036 MW solar racking shipments, helping them hit a record high market share in the mainstream market.
In December 2021, Mibet Energy supplied the mounting structure for a metal roof PV power station in Jing zhou city, Hubei Province, which focuses on the problem of electricity consumption. On completion the project will generate around 24 million kilowatts per hour annually, saving around 8.6 millions tons of standard coal each year and reducing approximately 21.44 million tons of carbon dioxide emission.
Solar Carport Key Market Trends
- As the world moves more decisively towards clean energy sources, the demand for electric vehicles is on the rise. This necessitates the development of infrastructure such as the grid to support charging for electric vehicles. A solar carport is a covered parking area with a canopy designed to protect parked electric vehicles from the sun. It is an effective application of electric vehicle charging, offering versatility, clean energy and convenience to EV users. Many other solar carports are also integrated level 2 charging stations designed for a single parking lot or large commercial lot. As electric vehicles continue to grow in popularity, the installation and adoption of solar carports will grow to meet the increasing energy demands of electric vehicles.
Solar Carport Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the advantages offered by solar carports, such as increased flexibility, can be linked to market expansion. Solar carport electricity can be used for domestic purposes, such as powering appliances and lighting, and can even be stored in batteries and used to generate grid credits. Solar energy is similar to other forms of energy production, and the market is expanding because of this. Another factor that has helped spur the growth of the solar market is the ability of solar carports to be designed with optimal placement of solar panels.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 533.24 million |
| Market size value in 2031 | USD 806.20 million |
| Growth Rate | 4.70% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Solar Carport Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Solar Carport Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Solar Carport Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Solar Carport Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Solar Carport Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Solar Carport Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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