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Global Commercial Solar Carport Market to reach USD 1865.43 million by the end of 2030

Global Commercial Solar Carport Market Size Study & Forecast, by Type (One-Row Vehicle Arrangement Carport, Two-Row Vehicle Arrangement Carport, Two-Row Dual Slope Vehicle Arrangement Carport), By Capacity (Less Than 500 kW, 500 kW to 1 MW, above 1 MW), By Design (T-frame Structures, V-frame Structures), and Regional Analysis, 2023-2030

Product Code: EPRE-77427973
Publish Date: 10-03-2024
Page: 200

Global Commercial Solar Carport Market is valued approximately at USD 927.31 million in 2022 and is anticipated to grow with a healthy growth rate of more than 9.13% over the forecast period 2023-2030. A commercial solar carport is a structure designed to offer shelter for parked vehicles while incorporating photovoltaic (PV) panels on its canopy to harness solar energy. Positioned in parking lots or open spaces near commercial establishments, these carports serve a dual purpose by protecting vehicles generates clean, renewable electricity from sunlight. Businesses and organizations benefit from reduced energy costs, a smaller carbon footprint, and a commitment to sustainable practices. The photovoltaic panels convert sunlight into electricity, contributing to on-site power needs or providing excess energy to the grid for potential revenue generation. Commercial solar carports offer practical and aesthetic benefits, enhancing parking areas while promoting environmental responsibility and renewable energy practices. The rise in energy costs, growing environmental concerns and sustainability initiatives, coupled with the increased adoption of energy storage are the major factors that are primarily attributing to the market demand across the globe.

The growing popularity of EVs is creating a demand for charging infrastructure. Solar carports are integrated with EV charging stations, providing a convenient and sustainable way to power electric vehicles. According to Statista, in 2021, there were nearly 16.9 million electric vehicles in operation around the world. Also, in 2022, the electric vehicle in operation reached approximately 25.9 million units globally, with all-electric vehicles comprising roughly 69.5 percent of the total plug-in electric vehicle market. Thus, these aforementioned factors are propelling the growth of Commercial Solar Carport Market during the estimated period. Moreover, the rising integration with smart technologies, as well as increased outstanding benefits of solar carports over alternative technologies sector present various lucrative opportunities over the forecast years. However, the lack of technology to store solar energy and the high installation costs are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Commercial Solar Carport Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 with largest market share owing to the fact that numerous European nations have instituted favorable policies and incentives to advance renewable energy, particularly solar power. These measures encompass feed-in tariffs, tax credits, and subsidies, rendering solar carports an appealing investment opportunity. Whereas, Asia Pacific region is expected to grow at the highest CAGR over the forecast years. The rising adoption of electric vehicles, expanding applications in the commercial sector, surge in demand for commercial solar carports, and increasing adoption of electric vehicles by both private entities and government agencies are significantly propelling the market demand across the region.

Major market players included in this report are:
Tata Power (India)
SunPower Corporation (U.S.)
Kokko Shisetsu Kogyo Co., Ltd (Japan)
Flexisolar Ltd. (U.K.)
Quest Renewables, Inc. (U.S.)
Cenergy Power Inc. (U.S.)
Xiamen Mibet New Energy Co., Ltd (China)
Antai Technology Co. Ltd (China)
Positive Energy Solar (Mexico)
EvoEnergy Ltd. (U.K.)

Recent Developments in the Market:
Ø In January 2023, SunPower Corp., a prominent provider of residential solar technology and energy services, announced three new partnerships in its multifamily solar division, highlighting the company’s advancements in simplifying solar adoption for designers while passing on energy savings to tenants. This initiative aims to empower developers and renters alike to recognize the economic advantages of embracing renewable energy solutions.
Ø In March 2022, Aterno, a renowned French specialist in heating and energy conservation, introduced PowerPark, a novel solar carport solution tailored for small and medium-sized businesses. The carport measures 5.20×5.51m and stands between 2.33 and 2.93 meters tall. It is equipped with 15 monocrystalline solar panels, providing a combined output of 5.65 kW. Depending on the location, the carport accommodates two vehicles and generate between 9,300 and 15,400 kWh/year of electricity.
Ø In December 2021, Mibet Energy provided the mounting structure for a photovoltaic (PV) power station on a metal roof in Jingzhou City, Hubei Province, addressing electricity consumption concerns. On the completion, the project is expected to produce approximately 24 million kilowatt-hours annually, resulting in an annual savings of about 8.6 million tons of standard coal and a reduction of approximately 21.44 million tons of carbon dioxide emissions.

Global Commercial Solar Carport Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Capacity, Design, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
One-Row Vehicle Arrangement Carport
Two-Row Vehicle Arrangement Carport
Two-Row Dual Slope Vehicle Arrangement Carport

By Capacity:
Less Than 500 kW
500 kW to 1 MW
Above 1 MW

By Design:
T-frame Structures
V-frame Structures

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Commercial Solar Carport Market, by region, 2020-2030 (USD Million)
1.2.2. Commercial Solar Carport Market, by Type, 2020-2030 (USD Million)
1.2.3. Commercial Solar Carport Market, by Capacity, 2020-2030 (USD Million)
1.2.4. Commercial Solar Carport Market, by Design, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Commercial Solar Carport Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Commercial Solar Carport Market Dynamics
3.1. Commercial Solar Carport Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing energy costs Growing popularity of EVs
3.1.2. Market Challenges Lack of technology to store solar energy High installation costs
3.1.3. Market Opportunities Rise in integration with smart technologies Increased outstanding benefits of solar carports over alternative technologies sector
Chapter 4. Global Commercial Solar Carport Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Commercial Solar Carport Market, by Type
5.1. Market Snapshot
5.2. Global Commercial Solar Carport Market by Type, Performance – Potential Analysis
5.3. Global Commercial Solar Carport Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Commercial Solar Carport Market, Sub Segment Analysis
5.4.1. One-Row Vehicle Arrangement Carport
5.4.2. Two-Row Vehicle Arrangement Carport
5.4.3. Two-Row Dual Slope Vehicle Arrangement Carport
Chapter 6. Global Commercial Solar Carport Market, by Capacity
6.1. Market Snapshot
6.2. Global Commercial Solar Carport Market by Capacity, Performance – Potential Analysis
6.3. Global Commercial Solar Carport Market Estimates & Forecasts by Capacity 2020-2030 (USD Million)
6.4. Commercial Solar Carport Market, Sub Segment Analysis
6.4.1. Less Than 500 kW
6.4.2. 500 kW to 1 MW
6.4.3. Above 1 MW
Chapter 7. Global Commercial Solar Carport Market, by Design
7.1. Market Snapshot
7.2. Global Commercial Solar Carport Market by Design, Performance – Potential Analysis
7.3. Global Commercial Solar Carport Market Estimates & Forecasts by Design 2020-2030 (USD Million)
7.4. Commercial Solar Carport Market, Sub Segment Analysis
7.4.1. T-frame Structures
7.4.2. V-frame Structures
Chapter 8. Global Commercial Solar Carport Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Commercial Solar Carport Market, Regional Market Snapshot
8.4. North America Commercial Solar Carport Market
8.4.1. U.S. Commercial Solar Carport Market Type breakdown estimates & forecasts, 2020-2030 Capacity breakdown estimates & forecasts, 2020-2030 Design breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Commercial Solar Carport Market
8.5. Europe Commercial Solar Carport Market Snapshot
8.5.1. U.K. Commercial Solar Carport Market
8.5.2. Germany Commercial Solar Carport Market
8.5.3. France Commercial Solar Carport Market
8.5.4. Spain Commercial Solar Carport Market
8.5.5. Italy Commercial Solar Carport Market
8.5.6. Rest of Europe Commercial Solar Carport Market
8.6. Asia-Pacific Commercial Solar Carport Market Snapshot
8.6.1. China Commercial Solar Carport Market
8.6.2. India Commercial Solar Carport Market
8.6.3. Japan Commercial Solar Carport Market
8.6.4. Australia Commercial Solar Carport Market
8.6.5. South Korea Commercial Solar Carport Market
8.6.6. Rest of Asia Pacific Commercial Solar Carport Market
8.7. Latin America Commercial Solar Carport Market Snapshot
8.7.1. Brazil Commercial Solar Carport Market
8.7.2. Mexico Commercial Solar Carport Market
8.8. Middle East & Africa Commercial Solar Carport Market
8.8.1. Saudi Arabia Commercial Solar Carport Market
8.8.2. South Africa Commercial Solar Carport Market
8.8.3. Rest of Middle East & Africa Commercial Solar Carport Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Tata Power (India) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. SunPower Corporation (U.S.)
9.3.3. Kokko Shisetsu Kogyo Co., Ltd (Japan)
9.3.4. Flexisolar Ltd. (U.K.)
9.3.5. Quest Renewables, Inc. (U.S.)
9.3.6. Cenergy Power Inc (U.S.)
9.3.7. Xiamen Mibet New Energy Co., Ltd (China)
9.3.8. Antai Technology Co. Ltd (China)
9.3.9. Positive Energy Solar (Mexico)
9.3.10. EvoEnergy Ltd. (U.K.)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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