Commercial Solar Carport Market: The Need For Renewable Energy Fuels Market Expansion

Commercial Solar Carport Market Overview

According to a research survey conducted by ChemView Consulting, the current valuation of the Global Commercial Solar Carport Market is worth US$ 431.2 Mn in 2022. The market value of stainless steel is expected to reach US$ 1,529.8 Mn by 2032, growing at a CAGR of 13.5% over the forecast period.

One of the most popular solar technology uses commercial solar carports, which cover parking spaces with solar modules or panels. These carport systems are one of the unique options for commercial solar projects since they already have a built-in roof, unlike ground-mount solar or roof-type solar panels, which require a surface for the solar panels to adhere to. This kind of carport creates electricity that is immediately usable on-site. Modern solar carports also offer electric vehicle charging, significantly increasing their contribution to the clean energy business.

ChemView Consulting has analyzed that the market is growing quickly as large-scale solar carport projects are designed and implemented in major international economies. India, for instance, To start the largest solar carport project in India, Tata Power, the country’s largest integrated power provider, inked a Power Purchase Agreement with Tata Motors in August 2021.

Several nations worldwide have announced plans to enhance their energy mix and produce renewable electricity in the building and construction industry, which is expected to be the fastest-growing sector of the commercial energy market over the projected period. This is brought on by expanding commercial buildings with internal electricity needs and corporate tax savings in mind.

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Segments Covered in Report

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 and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Commercial Solar Carport Market

  • Based on the capacity, 1 MW sector retained commanding market dominance. Several nations worldwide have announced plans to enhance their energy mix and produce renewable electricity in the building and construction industry. 1MW is expected to be the fastest-growing sector of the commercial energy market over the projected period.
  • Based on the design, the T-Framed Structure is increasing in order. The T-Frame design works well in paid parking situations when the consumer will not accept any lstreams. The T-Frame can be placed directly into the building for a minimal ground footprint, making it appropriate for multi-story car park top decks.
  • North America is anticipated to lead with a market share of 33.8%. This support is based on the area’s gradual switch to clean energy sources. In addition, the United States and Canada are both home to a large number of solar energy enterprises, which will further support the region’s leading

Competition Summary

Key companies covered in the market study are SunPower Corporation, Tata Power, FlexiSolar, Antai Technology Co. Ltd, Schletter, Kokko Shisetsu Kogyo Co., Ltd, Quest Renewables, Inc., Cenergy Power, Xiamen Mibet New Energy Co., Ltd, Positive Energy Solar, EvoEnergy, CHIKOUSA, KDC Solar LLC, RenEnergy Ltd., Enova

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Report Key Highlights

  • Detailed information on factors that will assist Global Zinc Air Batteries’s growth during the next ten years
  • Assessment of the historical and current Global Commercial Solar Carport Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
  • The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
  • Segment-wise, country-wise, and region-wise market analysis
  • Key drivers, restraints, opportunities, and key emerging trends impacting market growth
  • Predictions on critical supply, demand, and technological trends and changes in consumer behavior
  • Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
  • Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
  • Covid-19 impact on the market and how to navigate
  • Strategic market analysis and recommendations on crucial winning strategies

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving worldwide Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy, and Packaging clients. 70% of the largest Forbes 1000 enterprises are our clients. We serve global clients across leading & niche market segments across Chemicals & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging. ChemView Consulting serves clients in approximately 100 countries, with its office in the U.S. and delivery centers in India.

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