Global Solar Carport Market Report and Forecast 2024-2032

Global Solar Carport Market Outlook

The global solar carport market reached a value of about USD 558.30 million in 2023. The industry is further expected to grow at a CAGR of 4.70% in the forecast period of 2024-2032 to reach a value of nearly USD 844.09 million by 2032.   

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North America is Expected to Hold a Significant Position in the Market Growth of  Solar Carport

In the coming years, North America is likely to be one of the most important marketplaces for solar carport. Commercial solar developers are increasingly offering increased value to consumers in the form of larger project sizes, and more significant electricity savings as the average system price of solar carports continues to reduce. In addition to this, the market growth is likely to be defined with trends surrounding vertical integration to reduce structural costs. Moreover, the market is growing on account of rising awareness of solar energy and its advantages in countries like the United States. Further, the increasing production of electric cars is also anticipated to be a significant factor boosting the market growth of solar carport in North America.

Solar Carport: Market Segmentation

Solar carports refer to a type of carport that provides shade and protection for the vehicle. These devices are taller ground-mounted solar panels, which are lifted to fit a vehicle below and use similar equipment and procedure of ground-mounted solar panels. In addition, solar carports are customised to include solar panels in their structure and thus perform the dual function of covering the vehicle and providing clean energy.

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Based on type, the market can be divided into:

• One Unit Carport
• Two Unit Carport
• Multi Carport

On the basis of application, the market can be classified into:

• Residential
• Commercial
• Others

The EMR report looks into the regional markets for solar carport like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increasing Awareness of Solar Energy Augmenting the Market Growth

The growth in the global market for solar carports can primarily be associated with the increase in awareness of the importance of solar energy. In addition, the market growth can be associated with the benefits provided by solar carports such as enhanced flexibility. The electricity produced by solar carports is similar to the energy produced by other methods of solar energy and can be used for residential purposes, stored in a battery, and can even be exchanged for credits in the grid. This is contributing to the growth of the market. In addition, a solar carport can be configured to optimise the positioning of solar panels, which is another factor shaping the growth of the market.

Key Industry Players in the Global Solar Carport Market

The report gives a detailed analysis of the following key players in the global solar carport market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Nichiei Intec
• SankyoAlumi
• Schletter
• GC Story
• AG Japan 
• Yumesolar
• Ecolohas Japan
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report