With the emergence and long-term Impact of COVID-19, Global Solar Carport Market to reach USD 889.95 million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Solar Carport Market points towards a potential rise to USD 889.95 million by 2030. A solar carport is designed to provide shelter and protection for vehicles while also generating solar electricity using photovoltaic panels mounted on its roof. These structures are typically installed in parking lots, residential driveways, or commercial facilities and serve a dual purpose: providing shade or shelter for parked vehicles and generating clean, renewable energy from the sun. The key factors driving the market growth are the rising adoption of solar energy, cohesive government incentives and policies, and the rising Electric Vehicle (EV) charging infrastructure that anticipated to support the market growth.
Geographically, the global Solar Carport market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rising awareness of solar energy, supportive incentives, and policies, growing technological advancements, and the presence of key market players. Whereas, Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as rising environmental concerns, growing technological advancements, and supportive government incentives and policies.
The global Solar Carport market is highly competitive owing to the presence of several key players such as Tata Power (India) Antai Technology Co. Ltd (China) Kokko Shisetsu Kogyo Co., Ltd (Japan) Cenergy Power (U.S.) Positive Energy Solar (U.S.) Chikousa (U.S.) RenEnergy Ltd. (U.K.) SunPower Corporation (U.S.) Flexi Solar Private Limited (U.K.) Schletter GmbH (Germany), and others.
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Global Solar Carport Market Size study & Forecast, by Type (1-row vehicle arrangement carport, 2-row single slope vehicle arrangement, 2-row dual slope vehicle arrangement), by Application (Commercial, Non-profit, Other) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Solar Carport Market is anticipated to grow with a healthy growth rate of more than 10.4% over the forecast period 2023-2030.
- In the Application segment, Commercial emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising awareness of solar energy in the region.
- Asia Pacific is expected to grow at higher rate owing to rising environmental concerns in the region
Bizwit Research & Consulting has considered following segments for the study:
- 1-row vehicle arrangement carport
- 2-row single slope vehicle arrangement
- 2-row dual slope vehicle arrangement
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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