Solar Carport Market was valued at US$ 509.4 Mn. in 2021. Solar Carport Market size is expected to grow at a CAGR of 4.70% through the forecast period.
Solar Carport Market Overview:The increase in knowledge of the usefulness of solar energy is primarily responsible for the growth of the market for solar carports. Market development is linked to the advantages of solar carports, such as increased flexibility. The electricity generated by solar carports is similar to that generated by other solar energy methods, and it can be used for domestic uses, and stored in a battery. This contributes to the market growth. A solar carport can also be built to optimize the placement of solar panels, which is another element influencing the market growth. To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.
Solar carport Market Dynamics:The growing awareness of the relevance 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. Other factors propelling the market include the fact that solar carports are practical in a variety of climates. They protect cars against ice and snow in snowy areas, reducing the need for ploughing. A carport provides shade in hotter climes, keeping cars substantially cooler than if they were exposed to direct sunshine. Solar carports turn underused and unproductive space into a profitable and long-term investment. These factors are driving the demand of the solar carport market. Solar carports are a terrific method to add solar PV to your property without having to make any changes, while also providing a safe haven for your automobiles. Moreover, a charging station for electric vehicles might be included. Also, because certain locations are remote and off the grid, the market will be driven by the use of solar carports in such areas where there is no electricity. The 6.2MW solar carport deployed by TATA power will generate 86.4 lakh kWh of electricity per year and is estimated to reduce 7,000 tons of carbon emissions annually and 1.6 lakh tonnes over its lifecycle. The carport spans over 30,000 square meters and would generate green power along with providing covered parking for finishing cars in the plant. TATA motors had entered into a power purchase on August 31, 2020, to strengthen its net zero carbon goal for 2039. In February 2020, MSU operates the largest solar-powered carport in North America. In June 2020, paradise energy solutions completed solar carport at Pennsylvania automotive distributor. The solar carport market size is enrolled to spread at a substantial pace owing to the vast economic and environmental benefits of these structures. Technical considerations for solar carports: In Load analysis, to review the implications and carbon-saving potential of any solution, the energy demand and load profile of the carport need to be considered. A load profile from EV charging points and other electrical is determined, and an aggregate energy demand over a day, month, and year can be calculated. Solar Carport Market COVID-19 Impact: The covid-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer patterns. The market for solar carport is severely impacted by the outbreak of the COVID-19 pandemic. Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous Industry across the globe. Thereby increasing the supply-demand gap. Thus, insufficiency in raw material supply is expected to hamper the production rate of solar carport, which negatively impact the market growth, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
Solar Carport Market Segment Analysis:Based on type, market is segmented into One-row vehicle arrangement carport, two row single slope vehicle slope vehicle arrangement and two row dial slope vehicle arrangement. A two-row vehicle arrangement carport features a single sloped roof supported by a series of beams or supports. This structure is simple but highly effective. This carport can extend from an existing building structure with a wall mounting or stand separately on columns. For commercial purpose, two-row carports make sense as it takes relatively less space, and lesser materials are required to park more vehicles. A one-row vehicle arrangement carport is generally suitable for the small oriented parking areas and likely to grow significantly during forecast period. Based on Application, the market is segmented into three categories: commercial, non-profit, and others, depending on the application. Non-profit organization leads the market because they can install solar carport systems rapidly and with little, no out-of-pocket costs. This factor is driving the growth of the segment in the market. Based on Design, The market is segmented into two categories based on the design: cantilever design and W-frame design. The cantilever design dominated the market with a 37 % share in 2021 as it provides for easy parking and easier car door opening due to the lack of supporting legs on the bay’s sides. It is perfect for optimizing solar exposure.
Solar carport Market Regional Insights:North America dominated the market with a 30% share in 2020. Six entertainment flags in North America built California's largest solar carport and became the entertainment industry’s renewable energy market leader. The market is expanding as people become more aware of the benefits of solar energy in countries like United States. Schindler clean energy systems of Germany specialist in solar carports and electric vehicle power delivery in Europe. To offer enough power for cars, they coupled a lengthy carport with robust commercial energy storage in one package. The solar carport market will benefit from the increased manufacturing of E-cars. Various solar projects are under construction in Asia Pacific countries such as India and Singapore, which will 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 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 market. The objective of the report is to present a comprehensive analysis of the Solar Carport Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Solar Carport Market dynamic structure by analyzing the market segments and projecting the Solar Carport Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Solar Carport Market make the report investor’s guide.
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Solar carport Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US$ 509.4 Mn Forecast Period 2022 to 2027 CAGR: 4.70% Market Size in 2027: US$ 670.9 Mn Segments Covered: by Type • One-Row vehicle arrangement carport • Two-Row single slope arrangement • Two-Row dual slope arrangement by Application • Residential • Commercial • Regional • Other by Design • Cantilever design • W-framed design
Solar Carport Market by Region• North America • Europe • Asia Pacific • South America • Middle East and Africa
Solar Carport Market Key Players• Nichiei Intec • Sankyoalumi • Schetter • GC story • AG Japan • Yumesolar • Ecolohas • Upsolar global • Solarcentury • Green choice • Orion Solar recking • SunEdison • Phoenix Solar US • Cenergy • Sunwize technologies, INC • Solar city • Kokko Shisetsu Kogyo • Psolar • Paladin soplar • GE Industry • Mibet energy • Hangzhou Huading Frequently Asked Questions: 1] What segments are covered in the Global Solar Carport Market report? Ans. The segments covered in the Global Solar Carport Market report are based on Product Type, Application type and Design type. 2] Which region is expected to hold the highest share in the Global Solar Carport Market? Ans. The North America region is expected to hold the highest share in the Solar Carport Market. 3] What is the market size of the Global Solar Carport Market by 2027? Ans. The market size of the Global Solar Carport Market by 2027 is expected to reach US$ 670.9Mn. 4] What is the forecast period for the Global Solar carport Market? Ans. The forecast period for the Global solar carport Market is 2020-2027. 5] What was the market size of the Global Solar carport Market in 2020? Ans. The market size of the Global Solar carport Market in 2020 was valued at US$ 509.4 Mn.
1. Global Solar Carport Market Size: Research Methodology 2. Global Solar Carport Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Solar Carport Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Solar Carport Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Solar Carport Market Size Segmentation 4.1. Global Solar Carport Market Size, by Type (2020-2027) • One-Row vehicle arrangement carport • Two-Row single slope arrangement • Two-Row dual slope arrangement 4.2. Global Solar Carport Market Size, by Application (2020-2027) • Residential • Commercial • Regional • Other 4.3. Global Solar Carport Market Size, by Design (2020-2027) • Cantilever design • W-framed design 5. North America Solar Carport Market (2020-2027) 5.1. North America Solar Carport Market Size, by Type (2020-2027) • One-Row vehicle arrangement carport • Two-Row single slope arrangement • Two-Row dual slope arrangement 5.2. North America Solar Carport Market Size, by Application (2020-2027) • Residential • Commercial • Regional • Other 5.3. North America Solar Carport Market Size, by Design (2020-2027) • Cantilever design • W-framed design 5.4. North America Semiconductor Memory Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Solar Carport Market (2020-2027) 6.1. European Solar Carport Market, by Type (2020-2027) 6.2. European Solar Carport Market, by Application (2020-2027) 6.3. European Solar Carport Market, by Design (2020-2027) 6.4. European Solar Carport Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Solar Carport Market (2020-2027) 7.1. Asia Pacific Solar Carport Market, by Type (2020-2027) 7.2. Asia Pacific Solar Carport Market, by Application (2020-2027) 7.3. Asia Pacific Solar Carport Market, by Design (2020-2027) 7.4. Asia Pacific Solar Carport Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Solar Carport Market (2020-2027) 8.1. Middle East and Africa Solar Carport Market, by Type (2020-2027) 8.2. Middle East and Africa Solar Carport Market, by Application (2020-2027) 8.3. Middle East and Africa Solar Carport Market, by Design (2020-2027) 8.4. Middle East and Africa Solar Carport Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Solar Carport Market (2020-2027) 9.1. South America Solar Carport Market, by Type (2020-2027) 9.2. South America Solar Carport Market, by Application (2020-2027) 9.3. South America Solar Carport Market, by Design (2020-2027) 9.4. South America Solar Carport Market, by Country (2020-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Nichiei Intec 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Sankyoalumi 10.3. Schetter 10.4. GC story 10.5. AG Japan 10.6. Yumesolar 10.7. Ecolohas 10.8. Upsolar global 10.9. Solarcentury 10.10. Green choice 10.11. Orion Solar recking 10.12. SunEdison 10.13. Phoenix Solar US 10.14. Cenergy 10.15. Sunwize technologies, INC 10.16. Solar city 10.17. Kokko Shisetsu Kogyo 10.18. Psolar 10.19. Paladin soplar 10.20. GE Industry 10.21. Mibet energy 10.22. Hangzhou Huading