Press release
Solar Carport Market Size, Share & Forecast 2025-2032
Solar Carport Market Size
Global Market Size (2024): USD 484.62 million; projected to reach USD 531.04 million in 2025 and USD 905.08 million by 2032 (CAGR 7.91%)
U.S. Market (2032): USD 87.06 million, driven by EV adoption and incentives
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Introduction
The global solar carport market harnesses parking infrastructure to generate clean energy, combining shade and EV-charging with renewable power generation. Covering residential, commercial, and industrial segments across North America, Europe, Asia Pacific, Latin America, and MEA, this market is propelled by climate goals, EV growth, and supportive policies that make on-site solar economically attractive.
Market Overview
Solar carports consist of PV modules mounted on parking canopies, supplying on-site electricity for charging EVs and facility loads. The market reached USD 484.62 million in 2024 and is forecast to grow to USD 905.08 million by 2032 at a 7.91% CAGR.
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Market Dynamics
Drivers
EV Adoption & Incentives: Growing EV fleets and government rebates/net-metering improve ROI.
Restraints
Space & Structural Limits: Urban land scarcity and engineering challenges for wind/snow loads can delay or up-size projects.
Segment Analysis
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By Design
T-frame structures are preferred in multi-story/commercial lots for their minimal footprint and door clearance; V-frames fit residential/retrofit use.
By Application
Commercial leads, with car parks at hotels, hospitals, campuses, and airports adding solar canopies for energy and shade.
Regional Insights
Europe: Held the top share in 2023 (USD 206.33 M), driven by renewables mandates and EV infrastructure (e.g., PML's carbon-saving carport in England).
North America: U.S. growth fueled by federal/state incentives and large-scale projects like JFK Airport's carport with TotalEnergies.
Asia Pacific, Latin America, MEA: Rapid urbanization and sustainability targets spur roll-out across China, India, Brazil, GCC, and South Africa.
Competitive Landscape
Tata Power (India)
Antai Technology Co. Ltd (China)
Kokko Shisetsu Kogyo Co., Ltd (Japan)
Cenergy Power (U.S.)
Positive Energy Solar (U.S.)
CHIKOUSA (U.S.)
RenEnergy Ltd. (U.K.)
SunPower Corporation (U.S.)
Flexisolar (U.K.)
Schletter (Germany)
Quest Renewables, Inc. (U.S.)
Xiamen Mibet New Energy Co., Ltd (China)
EvoEnergy (U.K)
KDC Solar LLC (U.S.)
Enova (UAE)
Methodology
Forecast based on historical data (2019-2023), primary interviews, and secondary research, covering trends, market drivers, restraints, and opportunity analysis for 2025-2032.
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Fortune Business InsightsTM offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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