Commercial Solar Carport Market

Global Commercial Solar Carport Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Commercial Solar Carport Market was worth US$ 431.2 Mn and is expected to grow at a CAGR of 13.5% over the forecast period. While the historical CAGR is 10.8%, the market is expected to hit US$ 1,529.8 Mn by 2032 end.

One of the most popular solar technologies 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 clean energy business.

Market Dynamic

COMMENCEMENT OF SOLAR CARPORT PROJECTS BY FOREMOST ECONOMIES TO LIFT THE MARKET GROWTH

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.

The 6.2 MW project is anticipated throughout its lifetime to save Tata Motors 1.6 lakh tonnes of CO2 emissions throughout. High-caliber engineering and specialized design are needed to assemble the enormous carport structures at the grid-connected carport complex.

HIGH COST OF SOLAR CARPORT TO HINDER MARKET GROWTH

A solar carport’s price increases directly as the cantilever, structural weight, higher vehicles, and guttering systems increase. It becomes more expensive due to the need for additional steel for the cantilever, high installation costs caused by the weight of the structure, the requirement that parking bays be oriented between south-east and south-west, the need for additional steel to accommodate taller vehicles, and the complexity of the design and installation of the guttering system.

Additionally, the intricacy of the buildings is a major factor in determining the cost of the solar carport and related services. As a result, the high price serves as a deterrent to market expansion.

Market 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)

Segment-Wise Analysis

Which capacity range accounts for dominant share in Solar Carport Market?

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. This is brought on by expanding commercial buildings with internal electricity needs and corporate tax savings in mind.

Which design is expected to have the largest demand during the forecast period?

The T-frame constructions benefit from having the smallest ground footprint possible. Three-bay stands are divided by vertical pillars. 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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• 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
• Energy Directive establishes the strategy for promoting and producing sustainable energy sources throughout the region. Of renewable energy in the overall energy mix. In Europe, the market is primarily driven by the increasing adoption of electric vehicles and massive investments in energy technology. Such elements support the local market further.

Competition Analysis

Due to the market’s extreme fragmentation, numerous tiny companies offer solar carports to multiple nations to meet the rising demand for these carports from the commercial building & construction sector, numerous the globe.

The key developments in the Global Commercial Solar Carport Market are:

• In January 2022, Antai Technology Co. Ltd. shipped 5,036 MW worth of solar racking in total, which has helped them break market records.
• In December 2021, for a metal roof PV power station in Jingzhou City, Hubei Province, Mibet Energy provided the mounting framework. The project will produce about 24 million kilowatt hours per year, saving the nation about 21.44 million tonnes of carbon dioxide emissions yearly.

A list of some of the key suppliers present in the market 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
• energy Ltd.
• Enova

Global Zinc Air Batteries Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• 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.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies