Solar Carport Market Size, Share, Growth, Analysis

The Solar carport market is anticipated to grow from USD 0.80 billion in 2024 to USD 1.43 billion by 2030, with a CAGR of 10.4% during 2024-2030. Solar carports are unique structures combining solar panels with parking areas. They protect cars from the effects of sunlight and simultaneously generate renewable energy. Unlike mounted ground systems, solar carports use the parking space to make better usage of land. Solar carports are an excellent way to promote energy independence by harnessing solar power, reducing carbon emissions, and enhancing parking areas with shade and weather protection. They can be customized in size and design to suit various needs, making them a versatile solution for transitioning to clean energy while adding aesthetic value and functionality. Many commercial, school, or community applications are using these owing to their ability to assist opportunities to reduce energy spend to support sustainability goals by developing charging stations for electric vehicles and EVs. They can also sometimes qualify for renewable energy incentives and tax credit offerings, making them better financed.

In the installation type, the Solar carports market is segregated into single-row solar carports, double-row solar carports, cantilever solar carports, and integrated solar carports. Single-Row Solar Carports are ideal for tiny parking spaces, accommodating one line of vehicles while maximizing their area usage. Double-Row Solar Carports are for larger premises that can accommodate two lines of vehicles that are expected to generate more power. Modern designs for Cantilever Solar Carports come with fewer support columns. This also makes it easier for them to navigate around. The solar panels are part of the Integrated Solar Carports design and are thus both beautiful and efficient. Every component of this design serves various space, appearance, and energy needs. In this regard, more people can use them in businesses, industries, and homes. All these parts meet different space, appearance, and energy needs, which results in increased usage in businesses, industries, and homes.

In the Capacity segment, the Solar Carport market is segregated into less than 500 kW, 500 kW to 1 MW, and above 1 MW. The capacity segment in solar carports groups installations by how much energy they can generate, meeting different power needs. The small uses such as apartment buildings, small businesses, and community parking areas are suitable for solar carports with less than 500 kW. These solar carports are a budget-friendly way to meet local energy needs. Solar carports with 500 kW to 1 MW are appropriate for medium-sized uses such as commercial areas, schools, and city projects, balancing growth and efficiency. Large solar carports above 1 MW are made for big projects like industrial areas, airports, and large power installations. They provide a lot of energy and help systems connected to the grid. These areas allow for customized solutions for different energy needs, which helps more people use solar carport technology.

In the Design type segment, the Solar Carport market is segregated into T-shape, V-shape, L-shape, and Y-shape. The design type in solar carports classifies structures into architectural forms, thus being able to be adaptable to meet different parking and aesthetic requirements. T-shape Solar Carports are popular in centralized parking areas, offering balanced support and effective coverage. Y-shape Solar Carports, however, have angled designs that improve drainage and maximize solar exposure, which is ideal for areas that receive regular rainfall. L-shape Solar Carports fit into corner or edge spaces perfectly, optimizing land use in close layouts. On the contrary, V-shape Solar Carports present a very sleek and structural stability for most installations, especially in modern-day applications that require an aesthetic and functionally balanced installation. Each one is designed to meet site-specific requirements, which enhances the versatility and wide acceptance of solar carports.

In the Application segment, commercial solar carports, residential solar carports, industrial solar carports, and public infrastructure solar carports. The applications of solar carports are possible in many different areas, hence showing flexibility in relation to clean energy. Commercial solar carports are in most shopping malls, offices, and stores to provide them with shaded parking and renewable energy. These operations reduce the operating costs. Residential Solar Carports are designed for homeowners and neighborhoods so that they may enjoy an eco-friendly source of energy and have security from bad weather conditions on their cars. Industrial Solar Carports serve energy-hungry businesses such as factories, warehouses, and logistics centers, helping to produce a great deal of energy while making good use of land. Public Infrastructure Solar Carports are used at airports, train stations, bus terminals, and government parking lots, encouraging clean energy usage and environmental care in cities and public buildings. All these applications can prove that solar carports are a very practical way of energy saving combined with environmental friendliness and modern building requirements.

A few of the players operating in the Solar Carport market include Complete Solar (US), Quest Renewables, INC. (US), Schletter (Germany), SolarEdge (Israel), and ANTAI TECHNOLOGY CO., LTD. (China).