What is Solar PV Carport Market?
Solar pv carports are the traditional carports, which provide shade and protection for vehicles. To be precise they are taller ground-mounted solar panels, which are simply lifted high enough so that a vehicle can fit below. It uses similar equipment as ground-mounted solar panel systems and therefore requires a similar installation process as well. Solar carports are customized to include solar panels in their structure, where the panels themselves serve as a dual-purpose solution for both covering the owner’s vehicle and for producing clean energy. Solar carports are also reliable power resources for the surrounding lights and buildings.
Highlights from Solar PV Carport Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Upsolar Global (China), Solarcentury (United Kingdom), Cenergy (United States), SunPower Corporation (United States), Phovesto Powers Private Limited (India), Schletter Inc. (Germany), GC Story (Japan), AG Japan (Japan), SunEdison (United States) and Orion Solar Racking (United States)|
Global Solar PV Carport market is a fragmented due their features such as, renewable source of energy, Independent energy that increases the demand of solar PV carport. So the players are focusing on boosting module power output, and service life. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Solar PV Carport market throughout the forecasted period. Upsolar Global (China), Solarcentury (United Kingdom), Cenergy (United States), SunPower Corporation (United States), Phovesto Powers Private Limited (India), Schletter Inc. (Germany), GC Story (Japan), AG Japan (Japan), SunEdison (United States) and Orion Solar Racking (United States) are some of the key players profiled in the study.
Solar PV Carport Market Segmentation:
|Application / End User||Commercial and Residential|
|System||High Concentrated PV,Low Concentrated PV|
On the basis of geography, the market of Solar PV Carport has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in the Awareness of the Importance of Solar Energy
- Rising Growth in the Automobile Industry
- Growing Demand for Clean and Green Energy Sources across the Globe
- Emerging Innovation in the Photovoltaics with New Technology
- Increasing Consumption of Electrical Energy Worldwide
- High Installation and Maintenance Cost
- Optimization of Solar Energy to Better Extent
- Growing Demand for Solar Energy Consumption and Installation Creating Numerous Opportunities for the Solar PV Carport
- Price Gap Is Going To Be Reduced For Solar PV Carport
Market Leaders & Development Strategies
On 18th June 2021, Tata Motors and Tata Power jointly inaugurated India’s largest grid synchronized, behind the meter solar carport at the Tata motors car plant in Chikhali, Pune. The 6.2MWp solar carport deployed by Tata power will generate 86.4lakh kWh of electricity per year. This launch is the part of Tata Motors at new zero carbon goal for 2039. Tata motors has entered into power purchase agreement with Tata Power on August 31, 2020. Both companies developed this massive carport infrastructure in nine and a half months.
On 10th February 2022, SINN Power has launched the Water Lily, a new floating PV solution. SINN Power applied its extensive knowledge of floating power plants in maritime environments to calm waters. The Water Lily's new floating structure is a sustainable and cost-effective platform made of corrosion-resistant and nearly fully recyclable materials
The National Electric Code in the United States provides general guidelines for the installation of photovoltaic systems; these may be superseded by local laws and regulations. A permit is frequently required before work can begin, which necessitates the submission of plans and structural calculations. Furthermore, many areas require the work to be done under the supervision of a licensed electrician.
Key Target Audience
Solar PV Carport Manufacturers, Solar PV Carport Suppliers & Distributors, New Entrants/Investors, Analysts and Strategic Business Planners, Government Bodies, End-Users and Others
Frequently Asked Questions (FAQ):Which factors would majorly drive the Solar PV Carport Market?
"Increase in the Awareness of the Importance of Solar Energy
" is seen as one of major growth factors of Solar PV Carport Market in years to come.Can we have customized study for Solar PV Carport Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.Which region will lead the Global Solar PV Carport Market?
United States will lead Solar PV Carport Market in coming years.Why are some of the known companies left out of the Solar PV Carport Market report?
The Solar PV Carport market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete of companies available in our research coverage.