PUBLISHER: SkyQuest | PRODUCT CODE: 1898371
PUBLISHER: SkyQuest | PRODUCT CODE: 1898371
Solar Carport Market size was valued at USD 591.36 Million in 2024 and is poised to grow from USD 624.48 Million in 2025 to USD 965.67 Million by 2033, growing at a CAGR of 5.6% during the forecast period (2026-2033).
Solar carports represent an innovative solar panel solution, offering shading for parking while also increasing the installation height for solar modules. Designed similarly to ground-mounted solar arrays, these systems do not require additional land, making them more space-efficient than traditional ground installations. Their enhanced efficiency compared to ground-mounted panels, coupled with fewer land-use constraints, positions them as a more optimal choice. The market for solar carports is expanding, driven by growing awareness of the benefits of solar energy and the flexibility they provide. By generating electricity that can be stored in batteries for later use, solar carports enhance energy optimization and contribute significantly to the overall growth of the solar energy market.
Top-down and bottom-up approaches were used to estimate and validate the size of the Solar Carport market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Solar Carport Market Segments Analysis
Global Solar Carport Market is segmented by Type, Mounting System, Vehicle Arrangement, Carport Type, End Use, Power Capacity, Roof Type, Material and region. Based on Type, the market is segmented into Single-Column Solar Carports, Double-Column Solar Carports, Cantilevered Solar Carports, T-Shaped Solar Carports and Others. Based on Mounting System, the market is segmented into Fixed Solar Carports and Tracking Solar Carports. Based on Vehicle Arrangement, the market is segmented into One-row and Two-row. Based on Carport Type, the market is segmented into Freestanding, Ground Mounted and Attached. Based on End Use, the market is segmented into Commercial, Residential, Public and Industrial. Based on Power Capacity, the market is segmented into Less than 10 kW, 10-100 kW, 100-250 kW and More than 250 kW. Based on Roof Type, the market is segmented into Metal Roof, Flat Roof, Shingle Roof and Tile Roof. Based on Material, the market is segmented into Aluminum, Steel, Wood and Composite Materials. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Solar Carport Market
The primary factor driving the solar carport market is the growing recognition of the significance of solar energy as a free and renewable resource with numerous applications. Additionally, solar carports are practical in diverse climates, offering benefits such as protection for vehicles against ice and snow in colder regions while minimizing municipal planning requirements. They also provide shade in hotter climates, helping to keep cars cooler. Furthermore, solar carports effectively transform underutilized spaces into sustainable investments, allowing property owners to harness solar power without major alterations. They also include features like electric vehicle charging points, making them particularly valuable in off-grid areas.
Restraints in the Solar Carport Market
The Solar Carport market faces notable challenges that hinder its expansion, primarily due to the substantial initial investment required for installation and ongoing maintenance expenses. The high upfront costs associated with photovoltaic (PV) systems deter potential adopters. Additionally, solar carports are susceptible to adverse weather conditions, as their efficiency diminishes during cloudy or rainy periods, making them less effective in collecting sunlight. Storage of harvested solar energy poses another financial burden, particularly with the expenses associated with battery cells. Furthermore, ensuring safe storage for these batteries to prevent water damage adds another layer of complexity to the overall investment.
Market Trends of the Solar Carport Market
The solar carport market is witnessing substantial growth driven by the escalating demand for electric vehicles (EVs) and the necessity for sustainable charging infrastructure. These innovative structures not only provide shelter for parked vehicles but also harness solar energy to power EV charging stations, making them a practical solution for both commercial and residential applications. The integration of Level 2 charging capabilities into solar carports enhances their appeal by ensuring efficient and convenient energy access for EV users. As consumers and businesses alike prioritize renewable energy solutions, the adoption of solar carports is set to rise, aligning with the global transition to cleaner energy sources and reinforcing the significance of sustainable transportation infrastructures.