Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1376043
PUBLISHER: Grand View Research | PRODUCT CODE: 1376043
Solar Carport Market Size, Share & Trends Analysis Report By Type (Cantilever, T-shape), By Vehicle Arrangement (One-row, Two-row), By Capacity (Less Than 500 KW, 500 KW - 1MW), By Application, By Region, And Segment Forecasts, 2023 - 2030
PUBLISHED:
PAGES: 130 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
Solar Carport Market Growth & Trends:
The global solar carport market size is expected to reach USD 961.6 million by 2030, growing at a CAGR of 9.9% from 2023 to 2030, according to a new study by Grand View Research, Inc.. Increasing global focus on renewable energy and sustainability is driving the adoption of solar carports. In addition, increasing demand for solar carports with integrated electric vehicle charging stations is fueling the growth of the market. Supportive government policies and incentives for solar installations also play a significant role in fostering the growth of the market.
The increasing development and launch of solar-powered carport solutions by various market players across the globe is propelling the growth of the market. For instance, in July 2022, Canyon Solar, a manufacturer based in Sydney, Australia, introduced a modular solar photovoltaics (PV) shade structure designed for commercial carport applications. The company has claimed that the installation speed of this system is at least three times faster than that of traditional systems. In addition, as compared to rooftop solar PV, the structure offers superior cost-effectiveness on the basis of a dollar-per-watt structure.
Furthermore, increasing government laws and regulations in the solar carport sector are propelling the growth of the market. In November 2022, the government of France enacted legislation mandating the installation of solar panels in all car parks containing more than 80 spaces. This initiative is part of a broader program that aims to utilize solar panels on abandoned lots, vacant land adjacent to roads and railways, and certain agricultural areas. This is anticipated to contribute 11 GW of power to the grid, equivalent to the energy output of 10 nuclear reactors. Such initiatives by various governments are expected to contribute to the market's growth.
The COVID-19 pandemic had several impacts on the solar carport industry. The global deployment of various solar projects faced substantial delays during the pandemic due to factors such as disruptions in the supply chain and fluctuating raw material costs. In addition, government incentives and policies in response to the pandemic have influenced the pricing and demand of solar panels. As a result, many planned solar carport projects were postponed or slowed down. However, the pandemic highlighted the importance of sustainability and resilience. This increased awareness may have driven some businesses and individuals to prioritize renewable energy solutions, including solar panel carports.
Solar Carport Market Report Highlights:
- Based on type, the T-shape segment accounted for the largest market share in 2022. The segment's growth is driven by the growing adoption of T-shaped solar carport structures owing to its major benefits, such as ease of access. This is particularly convenient for drivers during parking and retrieval, as there are no obstructed areas
- Based on vehicle arrangement, the two-row segment is anticipated to emerge as the fastest-growing segment over the forecast period. Growing installation of two-row vehicle arrangement carports in commercial facilities such as office complexes, schools, colleges, and universities can be attributed to the segment's growth
- Based on capacity, the above-1MW segment is expected to grow at the highest CAGR of 10.5% during the forecast period. Solar carports with a capacity above 1 MW have a large surface area for solar panels, allowing for high-energy generation
- Based on application, the residential segment is expected to grow at the highest CAGR of 10.6% during the forecast period. The rising adoption of electric vehicles and installations of solar carports with integrated EV charging structures by several homeowners is boosting the segment's growth
- Asia Pacific is anticipated to emerge as the fastest-growing region during the forecast period due to the growing generation of solar energy in countries such as India, China, Australia, Japan, and South Korea
Product Code: GVR-4-68040-148-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.1.1. Increasing solar panel installations across the world
- 3.3.1.2. Increasing government initiatives to adopt solar energy
- 3.3.2. Market Restraint Impact Analysis
- 3.3.2.1. High initial installation cost
- 3.3.3. Market Opportunity Impact Analysis
- 3.3.3.1. Growing adoption of electric vehicles and requirement for electric vehicles charging stations
- 3.3.1. Market Driver Impact Analysis
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.2. PESTEL Analysis
Chapter 4. Solar Carport Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2022 & 2030
- 4.2. Solar Carport Market Estimates & Forecast, By Type
- 4.2.1. Cantilever Solar Carports
- 4.2.2. T-shape Solar Carports
- 4.2.3. Semi Cantilever Solar Carports
- 4.2.4. Others (Portable Solar Carports, Customized Solar Carports)
Chapter 5. Solar Carport Market: Vehicle Arrangement Estimates & Trend Analysis
- 5.1. Vehicle Arrangement Movement Analysis & Market Share, 2022 & 2030
- 5.2. Solar Carport Market Estimates & Forecast, By Vehicle Arrangement
- 5.2.1. One-row Vehicle Arrangement Carports
- 5.2.2. Two-row Vehicle Arrangement Carports
Chapter 6. Solar Carport Market: Capacity Estimates & Trend Analysis
- 6.1. Capacity Movement Analysis & Market Share, 2022 & 2030
- 6.2. Solar Carport Market Estimates & Forecast, By Capacity
- 6.2.1. Less than 500 kW
- 6.2.2. 500 kW to 1MW
- 6.2.3. Above 1MW
Chapter 7. Solar Carport Market: Application Estimates & Trend Analysis
- 7.1. Application Movement Analysis & Market Share, 2022 & 2030
- 7.2. Solar Carport Market Estimates & Forecast, By Application
- 7.2.1. Residential
- 7.2.2. Commercial
- 7.2.3. Others (Government Agencies, Non-profit Organizations)
Chapter 8. Solar Carport Market: Regional Estimates & Trend Analysis
- 8.1. Solar Carport Market: Regional Outlook
- 8.2. North America
- 8.2.1. North America solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.4.3. India
- 8.4.3.1. India solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.4.4. Japan
- 8.4.4.1. Japan solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.4.5. Australia
- 8.4.5.1. Australia solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.4.6. South Korea
- 8.4.6.1. South Korea solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.5.3. Mexico
- 8.5.3.1. Mexico solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.6. MEA
- 8.6.1. MEA solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.6.2. Kingdom of Saudi Arabia
- 8.6.2.1. Kingdom of Saudi Arabia solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.6.3. UAE
- 8.6.3.1. UAE solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Participant's Overview
- 9.2.1. ANTAI Technology Co., Ltd.
- 9.2.2. Tata Power Solar Systems Ltd.
- 9.2.3. Schletter
- 9.2.4. Positive Energy Solar
- 9.2.5. CHIKOUSA
- 9.2.6. RenEnergy UK
- 9.2.7. Xiamen Sunforson Power Co., Ltd
- 9.2.8. Solarsense UK Limited
- 9.2.9. SunPower Corporation
- 9.2.10. Baja Carports
- 9.3. Financial Performance
- 9.4. Product Benchmarking
- 9.5. Company Market Positioning
- 9.6. Company Market Share Analysis, 2022
- 9.7. Company Heat Map Analysis
- 9.8. Strategy Mapping
- 9.8.1. Expansion
- 9.8.2. Collaborations
- 9.8.3. Mergers & Acquisitions
- 9.8.4. New Product Launches
- 9.8.5. Partnerships
- 9.8.6. Others
Product Code: GVR-4-68040-148-1
List of Tables
- Table 1 Global solar carport market, by type, 2017 - 2030 (USD Million)
- Table 2 Global solar carport market, by vehicle arrangement, 2017 - 2030 (USD Million)
- Table 3 Global solar carport market, by capacity, 2017 - 2030 (USD Million)
- Table 4 Global solar carport market, by application, 2017 - 2030 (USD Million)
- Table 5 Global solar carport market, by region, 2017 - 2030 (USD Million)
- Table 6 Company market share, 2022
- Table 7 Company heat map analysis
- Table 8 Key companies undergoing expansion
- Table 9 Key companies undergoing collaborations
- Table 10 Key companies undergoing new product launch
- Table 11 Key companies undergoing mergers and acquisitions
- Table 12 Key companies undergoing other strategies
List of Figures
- Fig. 1 Solar Carport Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Parent Market Value, 2022 (USD Billion)
- Fig. 10 Solar Carport Market - Industry Value Chain Analysis
- Fig. 11 Solar Carport Market Dynamics
- Fig. 12 Solar Carport Market: PORTER's Analysis
- Fig. 13 Solar Carport Market: PESTEL Analysis
- Fig. 14 Solar Carport Market, by Type: Key Takeaways
- Fig. 15 Solar Carport Market, by Type: Market Share, 2022 & 2030
- Fig. 16 Solar Carport market estimates & forecasts, by cantilever solar carports, 2017 - 2030 (USD Million)
- Fig. 17 Solar Carport market estimates & forecasts, by T-shape solar carports, 2017 - 2030 (USD Million)
- Fig. 18 Solar Carport market estimates & forecasts, by semi cantilever solar carports, 2017 - 2030 (USD Million)
- Fig. 19 Solar Carport market estimates & forecasts, by others (portable solar carports, customized solar carports), 2017 - 2030 (USD Million)
- Fig. 20 Solar Carport Market, by Vehicle Arrangement: Key Takeaways
- Fig. 21 Solar Carport Market, by Vehicle Arrangement: Market Share, 2022 & 2030
- Fig. 22 Solar Carport market estimates & forecasts, by one-row vehicle arrangement carports, 2017 - 2030 (USD Million)
- Fig. 23 Solar Carport market estimates & forecasts, by two-row vehicle arrangement carports, 2017 - 2030 (USD Million)
- Fig. 24 Solar Carport Market, by Capacity: Key Takeaways
- Fig. 25 Solar Carport Market, by Capacity: Market Share, 2022 & 2030
- Fig. 26 Solar Carport market estimates & forecasts, by less than 500 kW, 2017 - 2030 (USD Million)
- Fig. 27 Solar Carport market estimates & forecasts, by 500 kW to 1MW, 2017 - 2030 (USD Million)
- Fig. 28 Solar Carport market estimates & forecasts, by above 1MW, 2017 - 2030 (USD Million)
- Fig. 29 Solar Carport Market, by Application: Key Takeaways
- Fig. 30 Solar Carport Market, by Application: Market Share, 2022 & 2030
- Fig. 31 Solar Carport market estimates & forecasts, by residential, 2017 - 2030 (USD Million)
- Fig. 32 Solar Carport market estimates & forecasts, by commercial, 2017 - 2030 (USD Million)
- Fig. 33 Solar Carport market estimates & forecasts, by others (government agencies, non-profit organizations), 2017 - 2030 (USD Million)
- Fig. 34 Solar Carport market revenue, by region, 2022 & 2030 (USD Million)
- Fig. 35 Regional marketplace: Key takeaways
- Fig. 36 North America solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 37 US solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 38 Canada solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 39 Europe solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 40 UK solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 41 Germany solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 42 France solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 43 Asia Pacific solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 44 China solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 45 India solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 46 Japan solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 47 Australia solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 48 South Korea solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 49 Latin America solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 50 Brazil solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 51 Mexico solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 52 MEA solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 53 Kingdom of Saudi Arabia solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 54 UAE solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 55 South Africa solar carport market estimates & forecasts, 2017 - 2030 (USD Million)
- Fig. 56 Key Company Categorization
- Fig. 57 Company Market Positioning
- Fig. 58 Company Market Share Analysis, 2022
- Fig. 59 Strategic Framework
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.