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Global Solar Carport Market to reach USD 889.95 million by the end of 2030.

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

Product Code: ICTNGT-11702900
Publish Date: 20-12-2023
Page: 200

Global Solar Carport Market is valued at approximately USD 415.63 million in 2022 and is anticipated to grow with a healthy growth rate of more than 10.4% over the forecast period 2023-2030. 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.

Moreover, as the world moves towards reducing carbon emissions and combating climate change, the demand for solar energy solutions, including solar carports, has increased. Many governments and businesses are looking to transition to cleaner energy alternatives, creating a favorable market environment for solar carports. For instance, in 2020, the global cumulative installed solar PV capacity was 7,72,200 megawatts and the adoption of solar energy increased significantly and the number reached 1,177,000 megawatts in 2022. Additionally, increasing research and development activities and growing technological advancement is anticipated to create the lucrative opportunity for the market over the projected period. However, space constraints and structural considerations stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Solar Carport Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.

Major market player included in this report are:
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)

Recent Developments in the Market:
Ø In Nov 2021, Sol Systems, in collaboration with Capital Dynamics, a global infrastructure investment firm, successfully executed the construction of 6.5MW of solar arrays across seven Walmart stores in California. This comprehensive portfolio comprises an assortment of solar panels situated on both the rooftops and parking lot carports of these stores. The generated energy will be utilized exclusively for retail operations. Notably, this initiative, managed by Sol Customer Solutions, commenced its construction phase in 2020.

Global 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, Application, 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:
1-row vehicle arrangement carport
2-row single slope vehicle arrangement
2-row dual slope vehicle arrangement

By Application:

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. Solar Carport Market, by Region, 2020-2030 (USD Million)
1.2.2. Solar Carport Market, by Type, 2020-2030 (USD Million)
1.2.3. Solar Carport Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global 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 Solar Carport Market Dynamics
3.1. Solar Carport Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising adoption of solar energy Cohesive government incentives and policies Rising Electric Vehicle (EV) charging infrastructure
3.1.2. Market Challenges Space constraints and structural considerations
3.1.3. Market Opportunities Growing research and development activities Growing technological advancement
Chapter 4. Global 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. Economical
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 Solar Carport Market, by Type
5.1. Market Snapshot
5.2. Global Solar Carport Market by Type, Performance – Potential Analysis
5.3. Global Solar Carport Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Solar Carport Market, Sub Segment Analysis
5.4.1. 1-row vehicle arrangement carport
5.4.2. 2-row single slope vehicle arrangement
5.4.3. 2-row dual slope vehicle arrangement
Chapter 6. Global Solar Carport Market, by Application
6.1. Market Snapshot
6.2. Global Solar Carport Market by Application, Performance – Potential Analysis
6.3. Global Solar Carport Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Solar Carport Market, Sub Segment Analysis
6.4.1. Commercial
6.4.2. Non-profit
6.4.3. Other
Chapter 7. Global Solar Carport Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Solar Carport Market, Regional Market Snapshot
7.4. North America Solar Carport Market
7.4.1. U.S. Solar Carport Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Solar Carport Market
7.5. Europe Solar Carport Market Snapshot
7.5.1. U.K. Solar Carport Market
7.5.2. Germany Solar Carport Market
7.5.3. France Solar Carport Market
7.5.4. Spain Solar Carport Market
7.5.5. Italy Solar Carport Market
7.5.6. Rest of Europe Solar Carport Market
7.6. Asia-Pacific Solar Carport Market Snapshot
7.6.1. China Solar Carport Market
7.6.2. India Solar Carport Market
7.6.3. Japan Solar Carport Market
7.6.4. Australia Solar Carport Market
7.6.5. South Korea Solar Carport Market
7.6.6. Rest of Asia Pacific Solar Carport Market
7.7. Latin America Solar Carport Market Snapshot
7.7.1. Brazil Solar Carport Market
7.7.2. Mexico Solar Carport Market
7.8. Middle East & Africa Solar Carport Market
7.8.1. Saudi Arabia Solar Carport Market
7.8.2. South Africa Solar Carport Market
7.8.3. Rest of Middle East & Africa Solar Carport Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Tata Power (India) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Antai Technology Co. Ltd (China)
8.3.3. Kokko Shisetsu Kogyo Co., Ltd (Japan)
8.3.4. Cenergy Power (U.S.)
8.3.5. Positive Energy Solar (U.S.)
8.3.6. Chikousa (U.S.)
8.3.7. RenEnergy Ltd. (U.K.)
8.3.8. SunPower Corporation (U.S.)
8.3.9. Flexi Solar Private Limited (U.K.)
8.3.10. Schletter GmbH (Germany)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. 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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