The solar carport market refers to structures that combine car shelters with solar photovoltaic (PV) panel installations. Unlike ground-mounted solar arrays, solar carports utilize parking space for dual benefits: vehicle protection and clean energy generation. These systems are widely adopted in commercial, industrial, and institutional parking lots, with growing popularity in residential sectors. Solar carports offer advantages such as space optimization, reduced carbon footprint, and on-site power generation.

The global Solar Carport market generated USD 493.84 million revenue in 2023 and is projected to grow at a CAGR of 10.07% from 2024 to 2033. The market is expected to reach USD 1,289.07 million by 2033.

Recent Developments

  • Envision Solar (Beam Global) introduced off-grid solar carport systems with integrated EV charging stations.

  • Trina Solar launched modular, high-efficiency PV modules tailored for solar carport applications.

  • Ameresco completed large-scale solar carport installations at multiple U.S. government facilities.

  • FlexiSolar introduced bifacial panel-compatible carport solutions for increased energy yield.

  • Tesla is reportedly exploring integrated solar canopies and carport systems for residential customers with Powerwall integration.

Market Dynamics

Drivers

  • Rising demand for clean energy infrastructure and EV charging compatibility.

  • Government incentives, tax credits, and green building mandates.

  • Efficient use of urban land and reduction in electricity bills for commercial properties.

  • Increased corporate sustainability initiatives and net-zero energy goals.

  • Technological advancements in PV efficiency and structural design.

Restraints

  • High initial capital investment compared to traditional carports.

  • Site-specific challenges such as shade, orientation, and structural requirements.

  • Intermittency of solar power without energy storage solutions.

  • Longer ROI periods, especially for small and mid-scale users.

Opportunities

  • Integration with EV charging stations and smart grid infrastructure.

  • Deployment in airports, universities, hospitals, and malls with large parking lots.

  • Bifacial and smart solar panels for higher energy output.

  • Growth in solar+storage solutions for energy independence and peak shaving.

  • Expansion in developing economies with high solar potential and rising vehicle use.

Segment Analysis

By Structure Type

  • Single Cantilever

  • Double Cantilever

  • T-Structure

  • Y-Structure

  • Customized Designs

By Application

  • Commercial

  • Industrial

  • Residential

  • Institutional

  • Utility-Scale/EV Infrastructure

By Mounting Type

  • Fixed Tilt

  • Adjustable Tilt

  • Tracking Systems

Regional Segmentation Analysis

  • North America: Leading market due to federal tax credits, EV adoption, and corporate sustainability programs. California, Texas, and New York are key states.

  • Europe: Growth driven by EU green energy directives, carbon neutrality goals, and widespread EV incentives.

  • Asia-Pacific: Rapid growth in countries like China, Japan, and India due to urban expansion and renewable energy targets.

  • Latin America: Emerging market with installations in Brazil, Chile, and Mexico driven by government auctions and commercial demand.

  • Middle East & Africa: High solar irradiance and growing investments in solar infrastructure, particularly in the UAE, Saudi Arabia, and South Africa.

Storage Type Segment Analysis

Storage plays a growing role in solar carport systems, especially when paired with EV charging and backup power:

  • No Storage (Grid-Tied Only): Most common, directly feeding generated power into the grid or onsite loads.

  • Battery Storage-Enabled Systems:

    • Lithium-ion Batteries: Preferred for commercial carports with EV charging or peak shaving needs.

    • Lead-Acid Batteries: Used in lower-cost or off-grid installations.

    • Hybrid Systems: Incorporate both solar generation and storage for energy resilience and off-grid capability.

Temperature Range Segment Analysis

Relevant for system design, particularly solar panels, inverters, and battery components:

  • Standard Operating Range (−20°C to +60°C): Typical for most PV modules and inverters.

  • Extended/Harsh Conditions (−40°C to +85°C): Required in extreme environments (deserts, high altitudes).

  • Cooling or Ventilated Designs: May be integrated in hot climates to improve panel efficiency and battery life.

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Some of the Key Market Players

  • Beam Global (formerly Envision Solar)

  • Trina Solar

  • Schletter Group

  • FlexiSolar

  • Orion Solar Racking

  • Kern Solar Structures

  • RenEnergy Ltd.

  • Antai Technology

  • SunPower Corporation

  • Tesla, Inc.

  • Mibet Energy

  • RBI Solar Inc.

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