Global Commercial Solar Carport Market Size Study & Forecast, by Type, By Capacity, By Design, and Regional Analysis, 2023-2030

Description

List of Tables

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:

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.
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 5.20X5.51m 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.
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:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Capacity, Design, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
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
  - 3.1.1.1.Increasing energy costs
  - 3.1.1.2.Growing popularity of EVs
- 3.1.2.Market Challenges
  - 3.1.2.1.Lack of technology to store solar energy
  - 3.1.2.2.High installation costs
- 3.1.3.Market Opportunities
  - 3.1.3.1.Rise in integration with smart technologies
  - 3.1.3.2.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
  - 8.4.1.1.Type breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2.Capacity breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3.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)
  - 9.3.1.1.Key Information
  - 9.3.1.2.Overview
  - 9.3.1.3.Financial (Subject to Data Availability)
  - 9.3.1.4.Product Summary
  - 9.3.1.5.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

LIST OF TABLES

TABLE 1.Global Commercial Solar Carport Market, report scope
TABLE 2.Global Commercial Solar Carport Market estimates & forecasts by region 2020-2030 (USD Million)
TABLE 3.Global Commercial Solar Carport Market estimates & forecasts by Type 2020-2030 (USD Million)
TABLE 4.Global Commercial Solar Carport Market estimates & forecasts by Capacity 2020-2030 (USD Million)
TABLE 5.Global Commercial Solar Carport Market estimates & forecasts by Design 2020-2030 (USD Million)
TABLE 6.Global Commercial Solar Carport Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7.Global Commercial Solar Carport Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8.Global Commercial Solar Carport Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9.Global Commercial Solar Carport Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10.Global Commercial Solar Carport Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11.Global Commercial Solar Carport Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12.Global Commercial Solar Carport Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13.Global Commercial Solar Carport Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14.Global Commercial Solar Carport Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15.Global Commercial Solar Carport Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16.U.S. Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17.U.S. Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18.U.S. Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19.Canada Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20.Canada Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21.Canada Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22.UK Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23.UK Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24.UK Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25.Germany Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26.Germany Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27.Germany Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28.France Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29.France Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30.France Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31.Italy Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32.Italy Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33.Italy Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34.Spain Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35.Spain Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36.Spain Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37.RoE Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38.RoE Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39.RoE Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40.China Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41.China Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42.China Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43.India Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44.India Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45.India Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46.Japan Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47.Japan Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48.Japan Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49.South Korea Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50.South Korea Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51.South Korea Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52.Australia Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53.Australia Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54.Australia Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55.RoAPAC Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56.RoAPAC Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57.RoAPAC Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58.Brazil Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59.Brazil Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60.Brazil Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61.Mexico Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62.Mexico Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63.Mexico Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64.RoLA Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65.RoLA Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66.RoLA Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67.Saudi Arabia Commercial Solar Carport Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68.South Africa Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69.RoMEA Commercial Solar Carport Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70.List of secondary sources, used in the study of global Commercial Solar Carport Market
TABLE 71.List of primary sources, used in the study of global Commercial Solar Carport Market
TABLE 72.Years considered for the study
TABLE 73.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Commercial Solar Carport Market, research methodology
FIG 2.Global Commercial Solar Carport Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Commercial Solar Carport Market, key trends 2022
FIG 5.Global Commercial Solar Carport Market, growth prospects 2023-2030
FIG 6.Global Commercial Solar Carport Market, porters 5 force model
FIG 7.Global Commercial Solar Carport Market, pest analysis
FIG 8.Global Commercial Solar Carport Market, value chain analysis
FIG 9.Global Commercial Solar Carport Market by segment, 2020 & 2030 (USD Million)
FIG 10.Global Commercial Solar Carport Market by segment, 2020 & 2030 (USD Million)
FIG 11.Global Commercial Solar Carport Market by segment, 2020 & 2030 (USD Million)
FIG 12.Global Commercial Solar Carport Market by segment, 2020 & 2030 (USD Million)
FIG 13.Global Commercial Solar Carport Market by segment, 2020 & 2030 (USD Million)
FIG 14.Global Commercial Solar Carport Market, regional snapshot 2020 & 2030
FIG 15.North America Commercial Solar Carport Market 2020 & 2030 (USD Million)
FIG 16.Europe Commercial Solar Carport Market 2020 & 2030 (USD Million)
FIG 17.Asia pacific Commercial Solar Carport Market 2020 & 2030 (USD Million)
FIG 18.Latin America Commercial Solar Carport Market 2020 & 2030 (USD Million)
FIG 19.Middle East & Africa Commercial Solar Carport Market 2020 & 2030 (USD Million)