Solar Canopy Carport Market Demand Makes Room for New Growth Story: SunPower, RBI Solar, Ameresco

The latest study released on the Global Solar Canopy Carport Market by HTF MI evaluates market size, trend, and forecast to 2030. The Solar Canopy Carport market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include: SunPower, Distributed Solar Development, LLC, RBI Solar, Ameresco, Inovateus Solar, LightWave Solar, Independent Power System, PowerFlex, RenEnergy Ltd, Staten Solar, CARPORT STRUCTURES CORP, Orion carport, Lumos Solar, Big Dog Solar Energy

According to HTF Market Intelligence, the global Solar Canopy Carport market is valued at USD 374.16 Million in 2023 and is estimated to reach a revenue of USD 1063.06 Million by 2030, with a CAGR of 19.1% from 2023 to 2030.

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Definition:
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.

Market Trends:
Introduction of Solar Carports to Convert Parking Lots into Sources of Clean Energy with Self-Consumption Photovoltaic Systems

Market Drivers:
Rise in Demand for Electric Vehicle
Growing Demand due to High Fuel Prices
Increase in Demand for Residential Use

Market Opportunities:
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

Market Leaders & Development Strategies:
Installing a solar carport can reduce utility bills by up to 75%, help the environment, and increase home value. The average electricity bill in the United States is $117.46, according to the U.S. Energy Information Administration (eia.gov). In addition, they used an average of 893kWh per month. That works out to 29kWh per day. This means that a solar carport could meet 75% of the average American's electrical needs. This will save you $88 per month on your electricity bill (on average). As a result, solar panels are quickly becoming the preferred alternative energy source.

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The Global Solar Canopy Carport Market segments and Market Data Break Down are illuminated below:
Solar Canopy Carport Market is Segmented by Application (Commercial, Residential) by Type (Mono-pitch, Duo-Pitch, Portal-Frame Canopy) by Design (Single Column Cantilever Styles, Two Column Styles, Louvered Styles) by Carport Type (1-Row Vehicle Arrangement Carport, 2-Row Single Slope Vehicle Arrangement, 2-Row Dual Slope Vehicle Arrangement) and by Geography (The West, Southwest, The Middle Atlantic, New England, The South, The Midwest)

Global Solar Canopy Carport market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
• -To carefully analyze and forecast the size of the Solar Canopy Carport market by value and volume.
• -To estimate the market shares of major segments of the Solar Canopy Carport
• -To showcase the development of the Solar Canopy Carport market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Solar Canopy Carport market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Solar Canopy Carport
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Solar Canopy Carport market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐝𝐞𝐱 𝐨𝐟 𝐟𝐮𝐥𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐭𝐮𝐝𝐲: https://www.htfmarketintelligence.com/report/united-states-solar-canopy-carport-market

Major highlights from Table of Contents:
Solar Canopy Carport Market Study Coverages:
• It includes major manufacturers, emerging player's growth story, and major business segments of Solar Canopy Carport market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Solar Canopy Carport Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Solar Canopy Carport Market Production by Region Solar Canopy Carport Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Key Points Covered in Solar Canopy Carport Market Report:
• Solar Canopy Carport Overview, Definition and Classification Market drivers and barriers
• Solar Canopy Carport Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Solar Canopy Carport Market
• Solar Canopy Carport Capacity, Production, Revenue (Value) by Region (2023-2030)
• Solar Canopy Carport Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Solar Canopy Carport Production, Revenue (Value), Price Trend by Type {Mono-pitch, Duo-Pitch, Portal-Frame Canopy}
• Solar Canopy Carport Manufacturers Profiles/Analysis Solar Canopy Carport Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
• How feasible is Solar Canopy Carport market for long-term investment?
• What are influencing factors driving the demand for Solar Canopy Carport near future?
• What is the impact analysis of various factors in the Global Solar Canopy Carport market growth?
• What are the recent trends in the regional market and how successful they are?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketreport.com

About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to enable businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

This release was published on openPR.