The Global Solar Carport Market Is Expected To Grow From USD 1.02 Billion In 2017 To USD 2.81 Billion In 2030, At A CAGR Of 10.8% From 2017 To 2030.

Solar Carport Market Overview:

A solar carport is a structure designed to protect a vehicle from the elements, while also installing solar panels to the roof or facade to generate electricity. The importance of solar carports is their ability to provide both shelter and renewable energy generation, making them a valuable addition to any community.

Solar carports are elevated canopies built to cover parking lots, as opposed to panels that are installed over existing carport structures. They are another form of the solar system. Unlike other photovoltaic systems, the solar carport system also provides users with a sunshade for parking their cars by increasing the installation height of the solar panels. Solar carports have a lot in common with ground-mounted solar panels, which are angled panel modules that are mounted on the ground rather than on the roof. The biggest advantage of solar carports and solar patio covers is that they do not require additional land like ground installations. Therefore, solar panel carports use space more efficiently than ground-mounted panels. If you are concerned about efficient use of space, you should consider installing a solar carport on a ground mount system. Overall, a solar panel carport has fewer constraints or conflicts than ground-mounted solar and can be considered preferable in any case.

Solar Carport market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Solar Carport market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In June 2020, Paradise Energy Solutions completed a solar carport at a Pennsylvania automotive distributor. The solar carport market size has registered to spread at a significant rate due to the enormous economic and environmental benefits of these structures.
• In February 2020, MSU operates the largest solar carport in North America. The university plans to build a 100-acre solar farm just south of its main campus in East Lansing. MSU already operates the largest solar carport in North America.

Major Market Segments Covered in Solar Carport Industry Research:

Market Key Players:
Solaire, SunEdison, Envision Solar, Schletter, Phoenix Solar, Kokko Shisetsu Kogyo, SolarCity, Orion Solar, SunPower, SunWize Technologies, Martifer Solar, Green Choice Solar, Cenergy Power, Upsolar, Paladin Solar, SankyoAlumi, Solarcentury, GE Industry, ORIX, Anyo, Hangzhou Huading, Mibet Energy, Versol Solar, Hanerngy, And Others.

By Type:

• 1-row Vehicle Arrangement, 2-row Single Slope Vehicle Arrangement, 2-row Dual Slope Vehicle Arrangement, Others

By Application:

• Commercial, Government, Universities, K-12, Other

By Region:

The regional solar carport market in Asia Pacific is expected to grow from 2022 to 2030. The growth is attributed to rising awareness about carbon footprint and rising disposable income, especially in developing countries such as China, India, Indonesia, Thailand, and Malaysia. Rising number of residential buildings due to rapid urbanization in these countries will drive the demand for solar carports over the forecast period. The North American region accounted for more than 25% of the global revenue in 2019, owing to the growing popularity of commercial establishments such as hotels, restaurants, and retail stores offering free or paid outdoor parking spaces. Moreover, the presence of well-known players operating in the region has resulted in a higher penetration rate as compared to other regions.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Driver:

Since solar energy is free because it is a natural energy source, it is mainly a widely used renewable energy source. Other factors driving the market include solar carports proven to be suitable for various climate conditions. In snowy regions, they protect cars from snow and ice while reducing the need for plowing. In warmer climates, a carport provides shade, keeping the car much cooler than if it were directly exposed to the sun. A solar carport can really turn unproductive and unused space into a sustainable productive investment. A solar carport is a great way to add solar photovoltaic power to a property without altering it, while providing shelter for vehicles. Furthermore, charging points can be incorporated to charge electric vehicles. Also, some areas are remote and off-grid, thus the availability of solar carports in these areas without electricity will drive the market.

On the other hand, high installation and maintenance cost of solar carports restrains the market growth. For photovoltaic installations, a large initial capital investment is required. Other market constraints include weather-dependent solar carports. In cloudy and rainy days, they will not work effectively. Also, storing solar energy in batteries is very expensive. It also needs a place in the store where it won't get wet and damage the battery.

Solar Carport Market report scope:

Report Attributes	Details
Growth Rate	CAGR of 10.80% from 2022 to 2030.
By Type	1-row Vehicle Arrangement, 2-row Single Slope Vehicle Arrangement, 2-row Dual Slope Vehicle Arrangement, Others
By Application	Commercial, Government, Universities, K-12, Other
By Companies	Solaire, SunEdison, Envision Solar, Schletter, Phoenix Solar, Kokko Shisetsu Kogyo, SolarCity, Orion Solar, SunPower, SunWize Technologies, Martifer Solar, Green Choice Solar, Cenergy Power, Upsolar, Paladin Solar, SankyoAlumi, Solarcentury, GE Industry, ORIX, Anyo, Hangzhou Huading, Mibet Energy, Versol Solar, Hanerngy
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Key Takeaways from this Solar Carport Report

• Estimate Solar Carport market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Solar Carport market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Solar Carport market?

The Solar Carport Market is growing at a CAGR of 10.80% During the Forecast Period.

 What are the key types of Solar Carport market?

1-row Vehicle Arrangement, 2-row Single Slope Vehicle Arrangement, 2-row Dual Slope Vehicle Arrangement, Others

What are the key applications of Solar Carport market?

Commercial, Government, Universities, K-12, Other               

Who are the key players in Solar Carport market?

Solaire, SunEdison, Envision Solar, Schletter, Phoenix Solar, Kokko Shisetsu Kogyo, SolarCity, Orion Solar, SunPower, SunWize Technologies, Martifer Solar, Green Choice Solar, Cenergy Power, Upsolar, Paladin Solar, SankyoAlumi, Solarcentury, GE Industry, ORIX, Anyo, Hangzhou Huading, Mibet Energy, Versol Solar, Hanerngy, And others.