Global Solar Carport Market is expected to grow from USD 1.7 billion in 2022 to USD 5.4 billion by 2030, at a CAGR of 15.5% during the forecast period.

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 carports are a type of solar panel system that is used to provide shade for vehicles and generate electricity. They are a more aesthetically pleasing and environmentally friendly alternative to traditional parking structures. Solar carports can be installed in a variety of settings, including residential, commercial, and industrial properties.

The increasing demand for renewable energy sources is one of the key factors driving the growth of the solar carport market. Solar energy is a clean and sustainable source of energy that can help to reduce greenhouse gas emissions. Governments around the world are providing incentives for solar energy, which is further driving the growth of the market.

The rising awareness of the environmental benefits of solar energy is another key factor driving the growth of the market. Solar energy is a clean and renewable source of energy that does not produce any emissions. This is in contrast to fossil fuels, which are a major source of greenhouse gas emissions.

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:

• 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
• Others.

Key Vendors:

1. Solaire: Solaire is a solar energy company that specializes in the development, construction, and operation of utility-scale solar power plants. They are focused on harnessing the power of the sun to generate clean, renewable energy. It is worth noting that there are multiple companies with the name "Solaire," so it would be helpful to provide more specific details to give accurate information.

2. SunEdison: SunEdison, formerly known as MEMC Electronic Materials, was a global renewable energy company. It was one of the largest solar energy companies in the world. SunEdison developed, built, and operated solar power plants and was involved in solar project financing. However, in 2016, SunEdison filed for bankruptcy due to a high level of debt and financial difficulties.

3. Envision Solar: Envision Solar is a company that designs and manufactures solar-powered products and solutions, with a focus on solar electric vehicle (EV) charging infrastructure. They develop solar-powered EV charging stations and solar-powered parking lot structures that can generate clean energy while providing shade and protection for vehicles. Envision Solar aims to promote sustainable transportation and renewable energy integration.

4. Schletter: Schletter is a manufacturer of solar mounting systems. They specialize in producing innovative and high-quality mounting solutions for photovoltaic (PV) systems. Schletter's products include rooftop mounting systems, ground-mounted systems, and carport systems. These mounting systems are designed to securely and efficiently install solar panels in various applications.

5. Phoenix Solar: Phoenix Solar is a company that offers integrated solar photovoltaic solutions. They provide services throughout the entire solar project lifecycle, including design, engineering, procurement, construction, and maintenance of solar power plants. Phoenix Solar has been involved in the development of both large-scale utility projects and commercial solar installations.

By Type:

• 1-row Vehicle Arrangement
• 2-row Single Slope Vehicle Arrangement
• 2-row Dual Slope Vehicle Arrangement
• Others1-row vehicle arrangement: This is the most common type of solar carport arrangement. It is a single row of parking spaces under a single canopy. This type of arrangement is best suited for smaller properties or properties with limited parking space.

• 2-row single slope vehicle arrangement: This type of solar carport arrangement has two rows of parking spaces under a single canopy. The canopy has a single slope, which allows for the most efficient use of solar energy. This type of arrangement is best suited for medium-sized properties with moderate parking needs.

• 2-row dual slope vehicle arrangement: This type of solar carport arrangement has two rows of parking spaces under a single canopy. The canopy has two slopes, which allows for even more efficient use of solar energy. This type of arrangement is best suited for larger properties with high parking needs.

• Others: There are a variety of other solar carport vehicle arrangements that are not as common. These arrangements may include multiple rows of parking spaces, different canopy shapes, or other unique features.

By Application:

• Commercial

• Government

• Universities

• K-12

• others

Commercial: Solar carports can be used by businesses to provide shade for vehicles and generate electricity. They can also be used to attract customers and promote sustainability.

Government: Solar carports can be used by government agencies to provide shade for vehicles and generate electricity. They can also be used to reduce energy costs and promote sustainability.

Universities: Solar carports can be used by universities to provide shade for vehicles and generate electricity. They can also be used to educate students about renewable energy and sustainability.

K-12: Solar carports can be used by K-12 schools to provide shade for vehicles and generate electricity. They can also be used to educate students about renewable energy and sustainability.

Other: Solar carports can be used by other organizations, such as hospitals, religious institutions, and non-profit organizations. They can also be used by homeowners and businesses in residential settings.

Based on Region:

North America: The North American solar carport market is expected to grow at the highest CAGR during the forecast period. This is due to the increasing demand for renewable energy sources, government incentives for solar energy, and the rising awareness of the environmental benefits of solar energy.

Europe: The European solar carport market is also expected to grow at a significant rate during the forecast period. This is due to similar factors as in North America, as well as the increasing adoption of solar carports by commercial and residential customers.

Asia Pacific: The Asia Pacific solar carport market is expected to grow at a moderate rate during the forecast period. This is due to the increasing demand for renewable energy sources, the rising awareness of the environmental benefits of solar energy, and the growing government support for solar energy.

Middle East & Africa: The Middle East & Africa solar carport market is expected to grow at a slow rate during the forecast period. This is due to the limited availability of government incentives and the lack of awareness about the benefits of solar energy.

South America: The South American solar carport market is expected to grow at a moderate rate during the forecast period. This is due to the increasing demand for renewable energy sources, the rising awareness of the environmental benefits of solar energy, and the growing government support for solar energy.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• 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

Significant Market Dynamics:

Key Drivers

• Increasing demand for renewable energy sources: The rising concerns about climate change and global warming have led to an increased demand for renewable energy sources. Solar energy is a clean and renewable source of energy, and solar carports are a convenient way to generate solar power.
• Government incentives: Governments around the world are offering incentives to promote the adoption of solar energy systems. These incentives include tax breaks, rebates, and grants.
• Rising awareness about the benefits of solar energy systems: The rising awareness about the benefits of solar energy systems, such as reduced energy costs, increased property value, and environmental benefits, is driving the demand for solar carports.

Key Restraints

• High initial cost: The initial cost of installing a solar carport is high. However, the long-term savings on energy costs can offset the initial investment.
• Lack of awareness: The lack of awareness about solar carports is a major restraint in the market. Many people are not aware of the benefits of solar carports and the government incentives that are available.
• Technical challenges: The installation of solar carports can be challenging in some areas due to the lack of sunlight or the presence of trees or other obstructions.

Key Opportunities

• Growing demand for electric vehicles: The growing demand for electric vehicles is creating new opportunities for the solar carport market. Solar carports can be used to charge electric vehicles, which can help to reduce the environmental impact of transportation.
• Development of new technologies: The development of new technologies, such as bifacial solar panels, is making solar carports more efficient and cost-effective.
• Expanding market in emerging economies: The solar carport market is expanding in emerging economies, such as India and China. These countries have a large population and a growing demand for energy.

Key Challenges

• Competition from other renewable energy sources: The solar carport market faces competition from other renewable energy sources, such as solar panels and wind turbines. These sources are also becoming more affordable and efficient.
• Government policies: Government policies can impact the solar carport market. For example, changes in tax breaks or rebates can make solar carports more or less affordable.
• Weather conditions: The weather conditions in some areas can make it difficult to install and maintain solar carports. For example, areas with heavy snowfall or frequent hailstorms can damage solar panels.

Key Trends

• Growing demand for electric vehicles: The growing demand for electric vehicles is creating new opportunities for the solar carport market. Solar carports can be used to charge electric vehicles, which can help to reduce the environmental impact of transportation.
• Development of new technologies: The development of new technologies, such as bifacial solar panels, is making solar carports more efficient and cost-effective.
• Expanding market in emerging economies: The solar carport market is expanding in emerging economies, such as India and China. These countries have a large population and a growing demand for energy.

Key Dynamics

• Government incentives: Governments around the world are offering incentives to promote the adoption of solar energy systems. These incentives include tax breaks, rebates, and grants.
• Rising awareness about the benefits of solar energy systems: The rising awareness about the benefits of solar energy systems, such as reduced energy costs, increased property value, and environmental benefits, is driving the demand for solar carports.
• Competition from other renewable energy sources: The solar carport market faces competition from other renewable energy sources, such as solar panels and wind turbines. These sources are also becoming more affordable and efficient.
• Weather conditions: The weather conditions in some areas can make it difficult to install and maintain solar carports. For example, areas with heavy snowfall or frequent hailstorms can damage solar panels.

Scope of Report :

Conclusion:
                   In conclusion, the solar carport market is expanding due to increasing environmental awareness, the need for sustainable energy solutions, and the rising demand for electric vehicles. Solar carports provide a dual benefit of generating clean energy while offering covered parking spaces, making them an appealing option for businesses, organizations, and governments seeking to reduce their carbon footprint and promote renewable energy adoption.

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.