What is the global market size of the Solar Carport Market?

The Solar Carport Market size was valued at USD 509.3 million in 2021 and is expected to grow from USD 533.24 million in 2022 to USD 770.01 million by 2030, with a CAGR of 4.7% during the forecast period (2023-2030).

What is the key driver of the Global Solar Carport Market?

The primary driver of the solar carport market is the increasing awareness of the importance of solar energy. Solar carports provide shelter for vehicles while generating clean energy. They are sensible solutions in various climates, offering benefits such as protection from ice and snow in cold climates and keeping cars cooler in warmer climates. Additionally, solar carports can convert unproductive space into sustainable investments and serve as charging points for electric vehicles, driving market growth.

What is the key market trend for the Global Solar Carport Market?

As the world embraces clean energy sources, the demand for electric vehicles (EVs) is rising. This trend necessitates the development of infrastructure to support EVs, including charging stations. Solar carports, integrated with charging stations, offer a clean energy solution for EV users. The market is witnessing the installation and adoption of solar carports with level 2 charging stations, both for single parking lots and large commercial lots, as electric vehicle popularity grows.

Which region accounted for the largest share in the Global Solar Carport Market?

North America, particularly the United States, leads in solar carport installations. Companies like Six Flags Entertainment in California have installed large solar carports, making significant contributions to renewable energy. In Europe, companies like Schindler Clean Energy Systems specialize in solar carports and EV power supplies. As electric car adoption increases globally, the solar carport market is expected to grow in tandem.

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

Q: Who are the key vendors in the Global Solar Carport Market?

The global solar carport market has many players catering to the increasing demand from the commercial building and construction sector. Key vendors include '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.', and 'Terra Solar'.

Report ID: SQMIG55E2011 | Region: Global | Published Date: July, 2024
Pages: 182 | Tables: 61 | Figures: 75

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.

Solar Carport Market Report Snapshots

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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).

The solar carport market is highly fragmented, with many small players providing solar carports to various countries. There are numerous players in the carport market, catering to the increasing demand from the commercial building and construction sector. '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'

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.

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.

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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

Solar Carport Market Regional Insights

Solar Carport Market Report Snapshots

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FAQs

What is the market size of Solar Carport Market?

Who are the key vendors in the Solar Carport Market?

What is the key driver of Solar Carport Market?

What is the key market trend for Solar Carport Market?

Which region accounted for the largest share in Solar Carport Market?

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