About Solar Canopy Carport
Solar carports are ground-mounted canopy structures that extend over parking spots. The canopy roof section is slightly inclined - providing an ideal platform for solar panels to be seamlessly attached, which also contributes to the structure's beauty. The slanted roof not only optimises the angle of the solar panels for energy generation, but it also provides natural drainage for precipitation, which is gathered by guttering and routed away. The electricity generated by the solar panels on the carports is instantly ready for use on-site.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.1% |
The demand for Solar Canopy Carport is increasing. The industry is segmented, but it is predicted to grow as rising utility and fuel prices and increasing demand for creation of electrical power from fossil fuels among other factors, drive the market forward. Indus. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Solar Canopy Carport market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
JinkoSolar, SunPower, Distributed Solar Development, LLC, Trina Solar, Steag, RBI Solar, Ameresco, Schletter, FlexiSolar and Inovateus Solar are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are LightWave Solar, Carport Structures Corp and Quest Renewables, INC..
Segmentation Overview
AMA Research has segmented the market of Global Solar Canopy Carport market by and Region.
On the basis of geography, the market of Solar Canopy Carport has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Design, the sub-segment i.e. Single Column Cantilever Styles will boost the Solar Canopy Carport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Carport Type, the sub-segment i.e. 1-Row Vehicle Arrangement Carport will boost the Solar Canopy Carport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Residential will boost the Solar Canopy Carport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Canopy Type, the sub-segment i.e. Mono-pitch will boost the Solar Canopy Carport market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Solar Carports to Convert Parking Lots into Sources of Clean Energy with Self-Consumption Photovoltaic Systems
Market Growth Drivers:
Rise in Demand for Electric Vehicle, Growing Demand due to High Fuel Prices and Increase in Demand for Residential Use
Challenges:
High Installation and Maintenance Cost and Lack of Awareness in Emerging Economies
Restraints:
Solar Carports are Weather Dependant
Opportunities:
Rising Utility Costs Creates an Opportunity for Clean Energy Sources, Growing Adaption of Renewable Energy due to Extension of Investment Tax Credit (ITC) and Increasing Government Sustainability Programs
Market Leaders and their expansionary development strategies
In June 2023, Green Charge Networks (Canada) partnered with IKEA Canada to install solar canopies with EV charging stations at IKEA stores across the country. This partnership aimed to promote sustainability and offer EV charging options to customers.
In December 2023, Enphase Energy (US) unveiled a new microinverter specifically designed for solar carports, offering higher power output and improved compatibility with various panel configurations.
Key Target Audience
Venture and Capitalist, Raw materials Suppliers, New entrants/investors, Analysts and Strategic Business Partners, Government, Non-Profit Organization and End-use industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.