Solar Carport Market

Global Solar Carport Market Size (2024-2032):

The size of the global solar carport market was worth USD 549 million in 2023. The global market is anticipated to grow at a CAGR of 4.80% from 2024 to 2032 and be worth USD 837 million by 2032 from USD 575 million in 2024. 

Current Scenario of the Global Solar Carport Market

Solar carports are overhead canopies created to cover parking areas, as opposed to panels installed on top of an existing carport structure. There are different types of solar systems. Unlike traditional PV systems, solar carports provide users with shade for parking their vehicles by raising the solar panel installation height. Ground-mount solar panels, which are angled panel modules mounted on the ground rather than on a rooftop, have a lot in common with solar carports. Solar carports and solar patio umbrellas have the advantage of not requiring more property than ground mount requires. Solar panel carports, as a result, make better use of space than ground-mounted panels. If you're concerned about space efficiency, a solar carport is a better option than a ground-mounted system. Overall, solar panel carports have fewer limitations or conflicts than ground-mounted solar and can be considered superior in any situation

These devices are higher ground-mounted solar panels that are elevated to fit a car beneath them and employ the same equipment and procedures as ground-mounted solar panels. Furthermore, solar carports can be customized to integrate solar panels in their structure, allowing them to serve as both a vehicle cover and a source of clean energy. Solar carports are a great way to add solar PV to your home without making any renovations, as well as offering a safe sanctuary for your vehicles. In addition, an electric vehicle charging station may be installed. Furthermore, because certain places are rural and off the grid, the market will be driven by the use of solar carports in these areas.

MARKET GROWTH

The increase in knowledge of the usefulness of solar energy is primarily responsible for the expansion of the global market for solar carports.

MARKET DRIVERS

The growing awareness of the usefulness of solar energy is the primary driver of this market. Solar energy is free because it is a natural source of energy and, more importantly, a renewable supply of energy with many uses.

The fact that solar carports may be used in a number of climates is another element driving the industry. In icy places, they protect cars from ice and snow, decreasing the need for ploughing. In warm climates, a carport provides shade, keeping cars far cooler than if they were exposed to direct sunlight. Solar carports turn unused and unproductive space into a long-term profitable investment.

Solar carports are a great way to add solar PV to your home without making any renovations, as well as offering a safe sanctuary for your vehicles. Furthermore, a charging station for electric vehicles might be included. Furthermore, because certain places are rural and off the grid, the market will be driven by the use of solar carports in these areas.

MARKET RESTRAINTS

Solar carport installation and maintenance costs are inhibiting market expansion. PV installation necessitates a significant upfront investment. Solar carports, which are weather-dependent, are another market restraint. They will not function properly on gloomy or rainy days. Furthermore, storing solar energy in batteries is expensive. It also necessitates a location in a store where the battery will not be damaged if it gets wet.

IMPACT OF COVID-19 ON THE GLOBAL SOLAR CARPORT MARKET

The COVID-19 epidemic resulted in a drop in economic growth in practically all of the world's major economies, altering consumer behaviour. The COVID-19 epidemic has had a significant impact on the solar carport business. National and international transportation have been hampered as a result of the lockdown applied in several nations, which has had a substantial impact on the supply chain of numerous industries throughout the world. As a result, the supply-demand mismatch widens. As a result, insufficient raw material supply is projected to slow down solar carport production, negatively impacting market growth. However, this situation is expected to improve as governments around the world begin to relax regulations to allow businesses to resume operations.

REPORT COVERAGE

SEGMENTAL ANALYSIS 

Solar Carport Market Analysis By Type

Because they do not require additional room and make use of parking space, row vehicle arrangement carports lead the market. They are lucrative with little investment. It's also easy to install and maintain, as well as long-lasting and corrosion-free.

Solar Carport Market Analysis By Application

Non-profit organizations lead the market because they can swiftly build solar carport systems with low or no out-of-pocket costs.

Solar Carport Market Analysis By Design

The cantilever design dominates the market because it provides for easy parking and easier car door opening due to the lack of supporting legs on the bay's sides. It also has a big surface area, making it perfect for optimizing solar exposure.

REGIONAL ANALYSIS

Six entertainment flags in North America built California's largest solar carport and became the entertainment industry's renewable energy market leader. The industry is expanding as people become more aware of the benefits of solar energy in countries like the United States.

Schindler Clean Energy Systems of Germany in solar carports and electric vehicle power delivery in Europe. To offer enough power for e-cars, they coupled a lengthy carport with robust commercial energy storage in one package.

Various solar projects are under construction in Asia Pacific nations such as India and Singapore, which would boost the solar carport market.

The market in the Middle East and Africa will be driven by the shift toward sustainable energy trends in countries like the UAE and Saudi Arabia. The UAE's Green Electricity Targets, which include generating 50% of energy from renewable sources by 2050, will help boost the solar carport sector.

KEY PLAYERS IN THE GLOBAL SOLAR CARPORT MARKET

Companies playing a prominent role in the global solar carport market include SunEdison, Envision Solar, Phoenix Solar US, SolarCity, Orion Solar Racking, SunPower Corporation, SunWize Technologies, Inc., Green Choice, Cenergy, Upsolar Global, and Others.

RECENT HAPPENINGS IN THE GLOBAL SOLAR CARPORT MARKET

• The Netherlands launched a 35 MW solar power carport with 90,000 solar panels in the first week of May. The solar carport is located near Biddinghuizen, which is also the site of the annual Lowlands music festival. The solar power system was installed and made operational by Solarfields, a firm based in the Netherlands. This is the world's largest solar power carport project, according to reports.

• A freshly installed 5 MW solar carport system at Ford South Africa's assembly factory is now providing 35% of the plant's electrical demand. Ford will offset a considerable proportion of CO2 from the electricity it consumes from South Africa's predominantly coal-powered grid through a long-term Power Purchase Agreement with SolarAfrica. According to Ford South Africa, the enormous arrays covering carports for 3,610 vehicles at the Silverton assembly plant in Pretoria consist of 30,226 solar panels. The 13.5MW plant contributes to Ford's global goals of using carbon-free electricity in all of its industrial facilities by 2035 and achieving carbon neutrality by 2050.

DETAILED SEGMENTATION OF THE GLOBAL SOLAR CARPORT MARKET INCLUDED IN THIS REPORT

This global solar carport market research report has been segmented and sub-segmented based on type, application, design and region.

By Type:

• One-Row Vehicle Arrangement
• Two-Row Single Slope Vehicle Arrangement
• Two-Row Dual Slope Vehicle Arrangement

By Application:

• Commercial
• Non-Profit
• Others

By Design:

• Cantilever Design
• W-Frame Design

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa