Solar Carports

Global Solar Carports Market to Reach US$1.0 Billion by 2030

The global market for Solar Carports estimated at US$598.2 Million in the year 2024, is expected to reach US$1.0 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2024-2030. Cantilever Solar Carports, one of the segments analyzed in the report, is expected to record a 11.5% CAGR and reach US$475.6 Million by the end of the analysis period. Growth in the T-shape Solar Carports segment is estimated at 6.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$157.2 Million While China is Forecast to Grow at 8.8% CAGR

The Solar Carports market in the U.S. is estimated at US$157.2 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$161.1 Million by the year 2030 trailing a CAGR of 8.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.8% and 7.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.

Global Solar Carport Market – Key Trends & Drivers Summarized

How Are Solar Carports Redefining Renewable Energy Integration in Urban Spaces?

The rise of solar carports is revolutionizing urban energy infrastructure by transforming parking spaces into power-generating hubs. Unlike traditional carports, which serve only as shelters for vehicles, solar carports integrate photovoltaic (PV) panels into their structure, allowing them to generate electricity while providing shade. This dual-purpose functionality is making them an attractive solution for businesses, municipalities, and residential complexes looking to harness solar energy without requiring additional land. As urban areas face increasing energy demands and space constraints, solar carports offer a sustainable and space-efficient alternative to ground-mounted solar farms. Furthermore, they support the growing adoption of electric vehicles (EVs) by incorporating charging stations directly into parking lots, creating a seamless link between renewable energy generation and sustainable transportation. The deployment of smart grid-compatible solar carports is also enhancing energy resilience by enabling real-time power distribution, grid balancing, and energy storage integration. As the world transitions toward a decarbonized economy, solar carports are emerging as a key component of urban energy ecosystems, optimizing land use while reducing carbon footprints. The question now is—how quickly will cities, businesses, and homeowners scale up the deployment of solar carports to meet their clean energy goals?

What Cutting-Edge Technologies Are Shaping the Solar Carport Market?

The evolution of solar carports is being driven by a convergence of advanced technologies that are enhancing efficiency, scalability, and energy management capabilities. High-efficiency bifacial solar panels are becoming the preferred choice for solar carports, as they generate electricity from both direct sunlight and reflected light, maximizing energy yield. Additionally, smart energy management systems are integrating AI-powered analytics to optimize solar energy utilization, enabling real-time power distribution between EV charging stations, local grids, and on-site energy storage. The incorporation of battery storage systems is further strengthening the viability of solar carports by allowing excess energy to be stored and used during peak demand periods or at night. Wireless EV charging technology is also emerging as a complementary innovation, enabling seamless, contactless energy transfer between solar-powered carports and parked vehicles. The integration of blockchain-based energy trading platforms is unlocking new opportunities for peer-to-peer energy sharing, allowing businesses and residential communities to monetize surplus solar power. Furthermore, modular and prefabricated solar carport structures are accelerating deployment times and reducing installation costs, making them more accessible to commercial and municipal stakeholders. As these technologies advance, solar carports are set to become more than just parking solutions—they will function as decentralized energy hubs that support the transition to a cleaner, more sustainable future.

Why Are Businesses & Municipalities Rapidly Adopting Solar Carports?

The adoption of solar carports is gaining momentum as businesses, municipalities, and residential communities seek cost-effective and sustainable energy solutions. For businesses, installing solar carports is an attractive way to reduce operational expenses by lowering electricity costs and generating clean energy on-site. Many corporations are also leveraging solar carports to meet sustainability commitments and enhance their brand image as environmentally responsible organizations. Municipalities are increasingly investing in solar carports for public parking lots, transit hubs, and recreational facilities, reducing reliance on fossil fuels while providing EV charging infrastructure for residents. Universities and large campuses are also adopting solar carports as part of their sustainability initiatives, utilizing solar energy to power facilities while offering shaded parking for students and faculty. Additionally, solar carports are becoming a preferred choice for retail and commercial centers looking to enhance customer experience by offering shaded parking and EV charging amenities. The financial incentives available for solar carport installations, including tax credits, grants, and power purchase agreements (PPAs), are further accelerating adoption. The scalability and adaptability of solar carports make them an ideal solution for locations with space constraints, allowing urban areas to integrate renewable energy without sacrificing valuable land. As the global focus on decarbonization intensifies, solar carports are set to play a crucial role in shaping the future of clean energy infrastructure.

What Factors Are Driving the Growth of the Solar Carport Market?

The growth in the solar carport market is driven by several factors, each contributing to its increasing adoption in commercial, municipal, and residential sectors. A primary driver is the rising demand for on-site renewable energy generation, as businesses and governments seek to reduce carbon emissions and lower energy costs. The accelerating adoption of electric vehicles (EVs) is also fueling demand for solar carports, as they provide an integrated solution for renewable-powered EV charging. The availability of financial incentives, including tax credits, feed-in tariffs, and solar investment grants, is further encouraging businesses and property owners to invest in solar carport infrastructure. Another key growth driver is the advancement of energy storage technologies, which are enabling solar carports to provide uninterrupted power supply even during cloudy days or at night. Urbanization and land constraints are also pushing cities toward multi-functional infrastructure solutions, with solar carports offering a space-efficient way to generate clean energy without occupying additional land. Additionally, the increasing focus on smart grid integration is driving the deployment of solar carports equipped with real-time energy management and demand-response capabilities. As more industries recognize the financial and environmental benefits of solar carports, the market is expected to witness rapid expansion, transforming parking lots into dynamic renewable energy assets.

SCOPE OF STUDY:

The report analyzes the Solar Carports market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Cantilever Solar Carports, T-shape Solar Carports, Semi Cantilever Solar Carports, Others); Vehicle Arrangement (One-Row, Two-Row); Capacity (Below 500 kW, 500 kW - 1 MW, Above 1 MW); Application (Residential, Commercial, Others)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 41 Featured) -

• Advanced Green Technologies
• AG Japan
• Baja Carports
• Carport Structures Corporation
• Ecolohas
• Envision Solar (Beam Global)
• GC Story
• Green Choice Solar
• Hanwha Q CELLS
• Kern Solar Structures
• Lumos Solar
• M Bar C Construction
• Martifer Solar
• Mibet New Energy
• Nichiei Intec
• Orion Solar Racking
• Phoenix Solar AG
• Polar Racking
• Powers Solar Frames, LLC
• Quest Renewables
• RBI Solar
• SankyoAlumi
• Schletter Group
• Solaire Generation
• Solarcentury
• SolarCity (Tesla Energy)
• Sun Action Trackers LLC
• SunPower Corporation
• Tata Power Solar
• Upsolar Global

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

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EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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