Solar Carport Market Forecasts to 2030 – Global Analysis By Type (One-Row Vehicle Arrangement Carport, Two-Row Vehicle Arrangement Carport and Two-Row Dual Slope Vehicle Arrangement Carport), Design (V-Frame Structures, T-Frame Structures, Cantilever desi

Solar Carport Market Forecasts to 2030 – Global Analysis By Type (One-Row Vehicle Arrangement Carport, Two-Row Vehicle Arrangement Carport and Two-Row Dual Slope Vehicle Arrangement Carport), Design (V-Frame Structures, T-Frame Structures, Cantilever design and W-Framed Design), Capacity, Application and By Geography

According to Stratistics MRC, the Global Solar Carport Market is accounted for $467.1 million in 2023 and is expected to reach $1058.8 million by 2030 growing at a CAGR of 12.4% during the forecast period. Solar carports function by capturing solar energy and converting it into electricity for home. Solar power is produced by the solar panels that cover the carport's roof. Depending on how many solar panels use to create home, they can provide all or some of the energy it requires to operate. There are several advantages to constructing a solar carport. Solar carports are a fantastic way to lower or perhaps get rid of your energy cost. Solar carports solve the problems of roof angle, shade, orientation, and size by using solar panels as the roof. Most roofs are unable to give optimum sunlight exposure; however, solar carport support systems are designed expressly to do so.

According to SolarPower Europe, over the past decade, between 2011 and 2020, solar power increased rapidly from 30.13 GW in 2011 to 138.2 GW in 2020, primarily aided by utility-scale projects and the fluoropolymer solar backsheet market.

Market Dynamics:

Driver:

Increasing understanding of the importance of solar energy

The main factor driving this industry is people's increasing understanding of the value of solar energy. Because it is a renewable energy source with several applications, solar energy is free and comes from a natural source. Solar carports are suitable in a range of climates, which is one of the other elements driving the industry. In icy places, they shield automobiles from ice and snow, lessening the need for plowing. In warm climates, a carport offers shade, keeping automobiles far cooler than if they were exposed to direct sunlight. Solar carports transform unused, ineffective space into a successful, long-term investment. These elements are fuelling the market for solar-powered carports.

Restraint:

Resistance to a variety of weather variables

It can be necessary to remodel existing parking lots or buildings in order to incorporate solar panels, which might raise the overall cost and complexity. These carports must thus be built to resist a variety of weather variables, including wind, snow loads, and seismic activity. It needs careful engineering and design to incorporate solar panels while maintaining the carport's structural integrity. It might be technically difficult to retrofit old carports to accommodate the added weight of solar panels.

Opportunity:

Integration of energy storage systems with solar carports

The scalability and modularity of solar carport systems were increasing, enabling simple extension and modification in response to particular energy requirements. They were ideal for a variety of applications and site requirements because of their versatility. These days, battery storage devices may be included in PV carports to store extra energy produced throughout the day. When there is a surge in demand or a power outage, this stored energy may be utilized to provide backup power and improve system resilience creating wide range of opportunities through the forecast period.

Threat:

Space constraint

As a viable option for producing renewable energy, solar carports which shade automobiles while combining solar panels to produce electricity have grown in popularity. However, market expansion is probably hampered by site and space limitations as well as structural issues. For instance, PV carports need a lot of room to fit the vehicles and solar panels within. Finding appropriate sites with enough room for installation can be difficult, particularly in metropolitan areas with limited land availability thus hamper the growth of the market.

Covid-19 Impact

The COVID-19 epidemic has had a significant negative influence on the global market for solar carports. Nearly all of the main nations had slower economic development as a result of the COVID-19 epidemic, which had an impact on consumer purchasing habits. The supply-demand imbalance has widened as a result of the lockdown that has been enacted in a number of nations' transportation systems, which has adversely affected both domestic and international supply chains. Thus, inadequate raw material supply is anticipated to hinder solar carport manufacturing, which would have a negative effect on the market's expansion. However, given that governments have begun easing global standards for restarting economic activity, the situation is anticipated to get better.

The two-row dual slope vehicle arrangement carport segment is expected to be the largest during the forecast period

The two-row dual slope vehicle arrangement carport segment is estimated to have a lucrative growth, as a carport with two tracks has two rows of cars in it. One of the most popular styles of carport, it is best suited for commercial usage due to its compact design and ability to hold many automobiles. Based on this, the two-row vehicle class will rule the solar carport industry over the predicted period.

The commercial segment is expected to have the highest CAGR during the forecast period

The commercial segment is anticipated to witness the highest CAGR growth during the forecast period, due to the increase in demand for PV carports from different commercial areas, including institutions, such as hotels and restaurants, educational institutions, healthcare facilities, and sports complexes, the commercial segment now commands the market. In addition the rising use of renewable energy and the wonderful alternative that solar-powered carports offer to households and businesses are driving the growth of the market.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to the average system price of solar carports continuing to decline, commercial solar developers may provide additional value to consumers in the form of larger project sizes and better power savings, which will cause North America to be the largest market over the next years. Trends like developers abandoning vertical integration to access less expensive structural suppliers and vendors striving to broaden their service offerings to counteract dropping prices are also anticipated to support the development of this region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the vast number of projects that are available from commercial solar developers, together with considerable power savings. Additionally, the industry is expanding as more people become aware of solar energy's benefits. One significant element propelling the market expansion in Europe is the increase in manufacturing of electronic cars.

Key players in the market

Some of the key players profiled in the Solar Carport Market include Antai Technology Co. Ltd, CHIKOUSA, SunPower Corporation, Flexisolar, Schletter, KDC Solar LLC, Enova, Kokko Shisetsu Kogyo Co., Ltd, Tata Power, RenEnergy Ltd., Xiamen Mibet New Energy Co., Ltd, Quest Renewables, Inc., EvoEnergy, GE Industry, Solarcentury, Upsolar global, AG Japan and Nichiei Intec

Key Developments:

In April 2023, the port authority of New York and New Jersey (PANYNJ) announces a deal with TotalEnergies to begin constructing New York’s largest solar carport project at John F Kennedy International Airport in 2023.

In June 2022, Maruti Suzuki installs Asia’s largest 20 MWp solar carport in their plant at Manesar. The initiative will contribute 28,000 MWH2 annually to the company’s energy requirements.

Types Covered:
• One-Row Vehicle Arrangement Carport
• Two-Row Vehicle Arrangement Carport
• Two-Row Dual Slope Vehicle Arrangement Carport

Designs Covered:
• V-Frame Structures
• T-Frame Structures
• Cantilever design
• W-Framed Design

Capacities Covered:
• Less than 500 kW
• 500 kW to 1 MW
• Above 1 MW

Applications Covered:
• Commercial
• Residential
• Non-Profit
• Regional
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Companies Mentioned
Antai Technology Co. Ltd
CHIKOUSA
SunPower Corporation
Flexisolar
Schletter
KDC Solar LLC
Enova
Kokko Shisetsu Kogyo Co., Ltd
Tata Power
RenEnergy Ltd.
Xiamen Mibet New Energy Co., Ltd
Quest Renewables, Inc.
EvoEnergy
GE Industry
Solarcentury
Upsolar global
AG Japan
Nichiei Intec