Global Solar Canopy Carport Market Overview:
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.
- Rise in Demand for Electric Vehicle
- Growing Demand due to High Fuel Prices
- Increase in Demand for Residential Use
- Solar Carports are Weather Dependant
- Rising Utility Costs Creates an Opportunity for Clean Energy Sources
- Growing Adaption of Renewable Energy due to Extension of Investment Tax Credit (ITC)
- Increasing Government Sustainability Programs
- High Installation and Maintenance Cost
- Lack of Awareness in Emerging Economies
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.
Some of the key players profiled in the report are JinkoSolar (China), SunPower (United States), Distributed Solar Development, LLC (United States), Trina Solar (China), Steag (Germany), RBI Solar (United States), Greenpanel Industries (India), Tata Group (India), Ameresco (United States) and Schletter (Germany). Additionally, following companies can also be profiled that are part of our coverage like FlexiSolar (United Kingdom), Inovateus Solar (United States) and LightWave Solar (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Solar Canopy Carport market by 2026. Considering Market by Design, the sub-segment i.e. Single Column Cantilever Styles will boost the Solar Canopy Carport market. Considering Market by Carport Type, the sub-segment i.e. 1-Row Vehicle Arrangement Carport will boost the Solar Canopy Carport market. Considering Market by End-User, the sub-segment i.e. Residential will boost the Solar Canopy Carport market. Considering Market by Canopy Type, the sub-segment i.e. Mono-pitch will boost the Solar Canopy Carport market.
In February 2021 DSD released a statement announcing the completion of custom solar panel carport for Ikea. This is the first of eight commercial solar installation projects DSD will build for IKEA U.S. shops in Maryland and California, with completion scheduled for 2021. The initiatives will help IKEA reach its aim of using 100 percent renewable energy and enhancing energy efficiency by 2025.
What Can be Explored with the Solar Canopy Carport Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Solar Canopy Carport Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Solar Canopy Carport
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Solar Canopy Carport market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Solar Canopy Carport market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, Raw materials Suppliers, New entrants/investors, Analysts and Strategic Business Partners, Government, Non-Profit Organization and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Solar Canopy Carport Market?
The Solar Canopy Carport market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Solar Canopy Carport Market?
Top performing companies in the Global Solar Canopy Carport market are JinkoSolar (China), SunPower (United States), Distributed Solar Development, LLC (United States), Trina Solar (China), Steag (Germany), RBI Solar (United States), Greenpanel Industries (India), Tata Group (India), Ameresco (United States) and Schletter (Germany), to name a few.
3. What trending factors would impact Solar Canopy Carport Market growth most?
"Introduction of Solar Carports to Convert Parking Lots into Sources of Clean Energy with Self-Consumption Photovoltaic Systems" is seen as one of major influencing trends for Solar Canopy Carport Market during projected period 2020-2026.