Solar Carport Market Size, Share & Industry Analysis, By Type ( One-Row Vehicle Arrangement Carport, 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 ) and regional forecast 2022-2029

Solar carports are overhead canopies built to cover parking areas and are distinct from panels installed onto a preexisting carport structure. They are another form of the solar system. Unlike the other PV systems, the solar carport systems also provide the users with shades for parking their cars by raising the installing height of the solar panels. Solar carports have many things in common with ground mount solar panels, which are angled panel modules installed on the ground rather than on a rooftop. The great advantage of solar carports and solar patio covers is that they don't require additional land the way ground mount does. As a result, solar panel carports offer more efficient use of space than ground-mounted panels.  If you are concerned about the efficient use of space, you should consider a solar carport over a ground-mounted system. Overall, solar panel carports have fewer restraints or conflicts than ground-mounted solar and can be regarded as preferable under any circumstances.

Based on the type, the market is segmented as one-row vehicle arrangement carport, two-row single slope vehicle arrangement, and two-row dual-slope vehicle arrangement. Row vehicle arrangement carport leads the market owing to they do not require additional space and make use of parking space, profitable with little investment. It also has fast and simple mounting and is durable and corrosion-free.

Based on the application, the market is segmented as commercial, non-profit, and others. Non-profit segment leads the market as non-profit organizations can install solar carport systems quickly and at a little to no out-of-pocket expenses.

Based on the design, the market is segmented as Cantilever design and W-Frame design. Cantilever design leads the market as it allows easy parking as the absence of supporting legs at the sides of the bay allows for easier opening of car doors. Also, it covers a large area and is ideal for maximizing solar presence.

The key driver of this market is the increase in the awareness of the importance of solar energy. As solar energy is free of cost as it is a natural source of energy and majorly a renewable source of energy that has diverse applications. Other factors driving the market include, solar carports prove to be sensible in various climates. In snowy regions, they protect cars from ice and snow while lessening the need for plowing. In warmer climates, a carport provides shade, which keeps cars significantly cooler than if they were exposed to direct sunlight. Solar carports do convert unproductive and unused space into sustainable and productive investment. Solar carports are a great way to add solar PV to property without altering it and, at the same time, provide a sheltered place for vehicles. Moreover, a charging point can be incorporated to charge electric vehicles. Also, some areas are remote and off the grid, so using solar carport in those areas, where there is no presence of electricity, will drive the market.

On the other hand, the high installation cost and maintenance cost of solar carport restraining the market growth. For the PV installation, one needs to invest a massive initial capital. Other market restraining factors include solar carports that are weather dependent. They won't work effectively during cloudy and rainy days. Also, storing solar energy costs a lot in the batteries. It also requires a place in a store that will not get wet and damage the battery.

Key Market Driver -

Increase in the awareness of the importance of solar energy.

Key Market Restraint -

High installation and maintenance cost.

Key Players Covered:

Some of the major companies in the solar carport market are SunEdison, Envision Solar, Phoenix Solar US, SolarCity, Orion Solar Racking, SunPower Corporation, SunWize Technologies, Inc., Green Choice, Cenergy, Upsolar Global, Solarcentury, and Schletter Inc.

Regional Analysis:

The global solar carport market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, six flags of entertainment created the largest solar carport in California and became the entertainment industry market leader in renewable energy. The market is growing owing to the increase in the awareness of solar energy and its advantages in the country like the US. In Europe, Schindler Clean Energy Systems from Germany is specialized in solar carports and power supply for Evs. In one project, they combined a long carport with strong commercial energy storage to provide sufficient power for e-cars. Due to the increase in the production of e-cars will also boost the solar carport market. In the Asia Pacific region, various solar projects are under construction in countries like India and Singapore, which will uplift the solar carport market. In the Middle East & Africa, the shift towards sustainable energy trends in countries like the UAE and Saudi Arabia will drive the market. Green Energy Targets set by UAE, which includes generating 50% energy by renewable energy by the year 2050, will also raise the solar carport market.

To gain extensive insights into the market, Request for Customization

Segmentation

Key Industry Developments

• In February 2020, MSU operates the largest solar-powered carport in North America. The university is planning to build a 100- acre solar farm just south of its main campus in East Lansing. MSU already operates the largest solar-powered carport in North America.


• In June 2020, Paradise Energy Solutions completes solar carport at Pennsylvania automotive distributor. Pennsylvania headquarters is home to one of the state’s largest solar carports, achieving a major milestone in the company’s goal of offsetting 100% of its energy usage. The addition of this solar carport will go a long way, offsetting the majority of the company’s energy at their corporate headquarters and also at their three North American distribution centres.