Solar Carport Market Size to Cross USD 1,173.6 Million by 2033

The global solar carport market size was valued at USD 458.7 million in 2023 and is projected to grow around USD 1,173.6 million by 2033, notable at a CAGR of 9.90% from 2024 to 2033.

Key Takeaways

• North America contributed more than 32% of market share in 2023.
• Asia-Pacific is estimated to expand the fastest CAGR between 2024 and 2033.
• By application, the commercial segment has held the largest market share of 76% in 2023.
• By application, the residential segment is anticipated to grow at a remarkable CAGR of 11.4% between 2024 and 2033.
• By type, the T-shape segment generated 42% of market share in 2023.
• By type, the semi-cantilever segment is expected to expand at the fastest CAGR over the projected period.
• By vehicle arrangement, the two-row vehicle arrangement carports segment generated over 63% of the market share in 2023.
• By vehicle arrangement, the one-row vehicle arrangement carports segment is expected to expand at the fastest CAGR over the projected period.

The solar carport market is experiencing significant growth driven by the increasing adoption of renewable energy solutions and the growing demand for sustainable transportation infrastructure. Solar carports are structures designed to provide shelter for vehicles while also harnessing solar energy through photovoltaic panels integrated into their roofs. These innovative structures offer a dual benefit of providing shade for parked vehicles while generating clean and renewable electricity.

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Growth Factors

Several factors contribute to the growth of the solar carport market. Firstly, the global shift towards renewable energy sources and the emphasis on reducing carbon emissions are driving the demand for solar-powered infrastructure across various sectors. Additionally, the increasing adoption of electric vehicles (EVs) has created a need for charging infrastructure, and solar carports present an ideal solution by providing both shade and renewable energy for EV charging stations. Furthermore, government incentives, subsidies, and regulations promoting the use of solar energy and sustainable transportation are fostering market growth.

Solar Carport Market Scope

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Opportunities

The solar carport market presents abundant opportunities for growth and innovation. As technology advances and costs continue to decline, solar carports are becoming more economically viable and attractive to a wider range of businesses and industries. There is a growing opportunity for collaborations between solar companies, construction firms, and automotive manufacturers to develop integrated solutions that combine solar carports with EV charging infrastructure. Additionally, expanding into emerging markets and exploring new applications such as residential solar carports offer avenues for market expansion.

Challenges

Despite the promising growth prospects, the solar carport market faces several challenges. One significant challenge is the initial capital investment required for installing solar carports, which can be a barrier for some businesses and organizations. Moreover, site-specific factors such as location, available space, and local regulations can impact the feasibility and implementation of solar carport projects. Additionally, integrating solar carports with existing infrastructure and ensuring compatibility with various vehicle types and charging technologies pose technical challenges that need to be addressed.

Reasons to Purchase this Report:

• Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
• In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
• Market size in USD million and volume in million units provided for each segment and sub-segment.
• Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
• Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Solar Carport Market 

5.1. COVID-19 Landscape: Solar Carport Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Solar Carport Market, By Application

8.1. Solar Carport Market Revenue and Volume, by Application, 2024-2033

8.1.1 Residential

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Commercial

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Others (Government Agencies, Non-profit Organizations)

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Solar Carport Market, By Type

9.1. Solar Carport Market Revenue and Volume, by Type, 2024-2033

9.1.1. Cantilever Solar Carports

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. T-shape Solar Carports

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Semi Cantilever Solar Carports

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Others (Portable Solar Carports, Customized Solar Carports)

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Solar Carport Market, By Vehicle Arrangement 

10.1. Solar Carport Market Revenue and Volume, by Vehicle Arrangement, 2024-2033

10.1.1. One-row Vehicle Arrangement Carports

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Two-row Vehicle Arrangement Carports

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Solar Carport Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.1.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.1.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.1.4.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.1.4.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.1.5.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.1.5.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.2.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2.4.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.2.4.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2.5.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.2.5.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2.6.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.2.6.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.2.7.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.2.7.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.3.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3.4.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.3.4.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3.5.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.3.5.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3.6.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.3.6.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.3.7.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.3.7.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.4.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4.4.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.4.4.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4.5.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.4.5.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4.6.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.4.6.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.4.7.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.4.7.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.5.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.5.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.5.4.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.5.4.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Application (2021-2033)

11.5.5.2. Market Revenue and Volume Forecast, by Type (2021-2033)

11.5.5.3. Market Revenue and Volume Forecast, by Vehicle Arrangement (2021-2033)

Chapter 12. Company Profiles

12.1. Envision Solar

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. SunPower Corporation

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Solar Electric Supply

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Solaire Generation

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Martifer Solar

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Schletter Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Orion Solar Racking

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. SolarCity (now part of Tesla)

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Hanwha Q Cells

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Phoenix Solar AG

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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