1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Commercial Solar Carport Market?
The projected CAGR is approximately 8.53%.
U.S. Commercial Solar Carport MarketU.S. Commercial Solar Carport Market Analysis 2025 and Forecasts 2033: Unveiling Growth Opportunities
U.S. Commercial Solar Carport Market by Type (One-Row Vehicle Arrangement Carport, Two-Row Vehicle Arrangement Carport, Two-Row Dual Slope Vehicle Arrangement Carport), by Capacity (Less Than 500 kW, 500 kW to 1 MW, Above 1 MW), by Design (T-frame Structures, V-frame Structures), by Forecast 2025-2033
Base Year: 2024
120 Pages
U.S. Commercial Solar Carport Market Analysis 2025 and Forecasts 2033: Unveiling Growth Opportunities
U.S. Commercial Solar Carport Market Analysis 2025 and Forecasts 2033: Unveiling Growth Opportunities
Key Insights
The U.S. Commercial Solar Carport Market size was valued at USD 257.50 USD Million in 2023 and is projected to reach USD 456.69 USD Million by 2032, exhibiting a CAGR of 8.53 % during the forecast period. A commercial solar carport is the installation that provides shade and cover for the cars kept inside while channeling the energy from the sun in order to produce electric energy. This technology installation option could be within the business premises, in the form of covered parking spaces, for commercial buildings such as office blocks, shopping centers and airports, contributing to sustainability visions and lowering the carbon footprint. One of the types of commercial solar carports includes a single row, a double row, and a cantilevered design, which can be utilized in various parking lot layout options. They basically comprise of solar panels that are firmly fastened to a sturdy frame and containing an inverter for the conversion of DC electricity into AC and internal wire to look out for grid connection or battery storage. The recent development of the U. S. has shown the focus on not only green energy but also on government incentives, corporate sustainability as well as the decision of customers, and the growing demand of clean energy solutions. The latest technologies such as bifacial solar panels and smart charging system are amplifying the performance and meaning, which in extra, propels the expansion of commercial solar carports.
U.S. Commercial Solar Carport Trends
- Growing demand for clean and renewable energy sources.
- Increasing government incentives and favorable policies.
- Technological advancements and cost reduction.
Driving Forces: What's Propelling the U.S. Commercial Solar Carport Market
- Surging electricity costs from conventional energy sources
- Widespread adoption of environmental, social, and governance (ESG) initiatives by businesses
- Growing demand for eco-conscious parking solutions
- Plentiful availability of unused land suitable for solar carport installations
- Government incentives and rebates for renewable energy projects
Challenges and Restraints in U.S. Commercial Solar Carport Market
- Elevated upfront investment costs
- Limited availability of qualified labor for installation and maintenance
- Lack of comprehensive awareness about the benefits of solar carports
- Space limitations in densely populated urban areas
- Delays in permitting processes
Emerging Trends in U.S. Commercial Solar Carport
- Integration of energy storage systems.
- Smart solar carports with real-time monitoring.
- Solar carport optimization with machine learning.
- Custom designs and aesthetics.
Growth Catalysts in U.S. Commercial Solar Carport Industry
- Attractive federal and state tax credits, grants, and incentives
- Widespread implementation of net metering programs, allowing excess solar energy produced to be sold to utilities
- Corporations setting ambitious sustainability goals and targets
- Increasing popularity and adoption of electric vehicles, driving demand for charging infrastructure
- Growing recognition of the long-term cost savings and environmental benefits of solar carports
Market Segmentation: U.S. Commercial Solar Carport Analysis
Type:
- One-Row Vehicle Arrangement Carport
- Two-Row Vehicle Arrangement Carport
- Two-Row Dual Slope Vehicle Arrangement Carport
Capacity:
- Less Than 500 kW
- 500 kW to 1 MW
- Above 1 MW
Design:
- T-frame Structures
- V-frame Structures
Leading Players in the U.S. Commercial Solar Carport Market
- SunPower Corporation (U.S.)
- Quest Renewables, Inc. (U.S.)
- Cenergy Power (U.S.)
- Chiko USA (U.S.)
- KDC Solar LLC (U.S.)
- Baja Carports (U.S.)
- Borrego Solar (U.S.)
- Schletter Group (U.S.)
- Inovateus Solar LLC (U.S.)
- Wright Solar Energy LLC (U.S.)
Significant developments in U.S. Commercial Solar Carport Sector
- October 2021: Schletter presented a number of upgrades for its systems at Intersolar Europe. These upgrades include Proline for the pitched roof system and FixGrid Pro for more flexibility on flat roofs, among others.
- September 2021: Quest Renewables provided its solar canopy solutions to Maryknoll at Ossining, NY campus. The product features a 2,184-panel canopy system and consists of 12 QuadPod solar canopies. The system covers two parking lots, helping to offset Maryknoll’s energy consumption with renewable energy, and provides clean energy access and electricity bill discounts to local community members.
- December 2021: KDC Solar LLC, a wholly owned subsidiary of CI Renewables LLC, began commercial operations of its 1.6 megawatt (MW) solar carport at CentraState Medical in Freehold, New Jersey. The new system will produce approximately 2.1 million kilowatt hours of solar electricity every year.
Comprehensive Coverage U.S. Commercial Solar Carport Market Report
Our comprehensive report provides an in-depth analysis of the U.S. commercial solar carport market. It covers key market drivers, challenges, and growth opportunities, including comprehensive market segmentation, a detailed competitive landscape analysis, and detailed market projections for the next 8 years.
Regional Insight
- Northeast
- South
- Midwest
- West
Technology Analysis
- Mono-Crystalline Solar Panels
- Poly-Crystalline Solar Panels
- Thin-Film Solar Panels
Pestle Analysis
- Political Factors
- Economic Factors
- Social Factors
- Technological Factors
- Legal Factors
- Environmental Factors
Portor's Five Force Analysis
- Threat of New Entrants
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Threat of Substitutes
- Competitive Rivalry
BCG Matrix
- Stars
- Cash Cows
- Problem Children
- Dogs
Import & Export Analysis
- Import Data
- Export Data
Production & Consumption
- Production Data
- Consumption Data
Regulatory Landscape
- Federal Policies
- State Policies
- Regulatory Compliance
U.S. Commercial Solar Carport Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 8.53% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Awareness of Solar Carports in U.S. is Creating Opportunities in Market
- 3.3. Market Restrains
- 3.3.1. Competing Energy Sources to Restrain Commercial Solar Carport Market Growth in the U.S.
- 3.4. Market Trends
- 3.4.1 Increasing Adoption of Smart and IoT Technology to Increase Energy Generation
- 3.4.2 Storage
- 3.4.3 and Distribution to Drive Market Growth
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Commercial Solar Carport Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. One-Row Vehicle Arrangement Carport
- 5.1.2. Two-Row Vehicle Arrangement Carport
- 5.1.3. Two-Row Dual Slope Vehicle Arrangement Carport
- 5.2. Market Analysis, Insights and Forecast - by Capacity
- 5.2.1. Less Than 500 kW
- 5.2.2. 500 kW to 1 MW
- 5.2.3. Above 1 MW
- 5.3. Market Analysis, Insights and Forecast - by Design
- 5.3.1. T-frame Structures
- 5.3.2. V-frame Structures
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Northeast U.S. Commercial Solar Carport Market Analysis, Insights and Forecast, 2019-2031
- 7. Southeast U.S. Commercial Solar Carport Market Analysis, Insights and Forecast, 2019-2031
- 8. Midwest U.S. Commercial Solar Carport Market Analysis, Insights and Forecast, 2019-2031
- 9. Southwest U.S. Commercial Solar Carport Market Analysis, Insights and Forecast, 2019-2031
- 10. West U.S. Commercial Solar Carport Market Analysis, Insights and Forecast, 2019-2031
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 SunPower Corporation (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Quest Renewables Inc. (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Cenergy Power (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Chiko USA (U.S.)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 KDC Solar LLC (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Baja Carports (U.S.)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Borrego Solar (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Schletter Group (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Inovateus Solar LLC (U.S.)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Wright Solar Energy LLC (U.S.)
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 SunPower Corporation (U.S.)
List of Figures
- Figure 1: U.S. Commercial Solar Carport Market Revenue Breakdown (USD Million, %) by Product 2024 & 2032
- Figure 2: U.S. Commercial Solar Carport Market Share (%) by Company 2024
List of Tables
- Table 1: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Region 2019 & 2032
- Table 2: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Region 2019 & 2032
- Table 3: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Type 2019 & 2032
- Table 4: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Type 2019 & 2032
- Table 5: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Capacity 2019 & 2032
- Table 6: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Capacity 2019 & 2032
- Table 7: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Design 2019 & 2032
- Table 8: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Design 2019 & 2032
- Table 9: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Region 2019 & 2032
- Table 10: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Region 2019 & 2032
- Table 11: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Country 2019 & 2032
- Table 12: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Country 2019 & 2032
- Table 13: Northeast U.S. Commercial Solar Carport Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 14: Northeast U.S. Commercial Solar Carport Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 15: Southeast U.S. Commercial Solar Carport Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 16: Southeast U.S. Commercial Solar Carport Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 17: Midwest U.S. Commercial Solar Carport Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 18: Midwest U.S. Commercial Solar Carport Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 19: Southwest U.S. Commercial Solar Carport Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 20: Southwest U.S. Commercial Solar Carport Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 21: West U.S. Commercial Solar Carport Market Revenue (USD Million) Forecast, by Application 2019 & 2032
- Table 22: West U.S. Commercial Solar Carport Market Volume (Thousand Units) Forecast, by Application 2019 & 2032
- Table 23: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Type 2019 & 2032
- Table 24: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Type 2019 & 2032
- Table 25: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Capacity 2019 & 2032
- Table 26: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Capacity 2019 & 2032
- Table 27: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Design 2019 & 2032
- Table 28: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Design 2019 & 2032
- Table 29: U.S. Commercial Solar Carport Market Revenue USD Million Forecast, by Country 2019 & 2032
- Table 30: U.S. Commercial Solar Carport Market Volume Thousand Units Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the U.S. Commercial Solar Carport Market?
Key companies in the market include SunPower Corporation (U.S.), Quest Renewables, Inc. (U.S.), Cenergy Power (U.S.), Chiko USA (U.S.), KDC Solar LLC (U.S.), Baja Carports (U.S.), Borrego Solar (U.S.), Schletter Group (U.S.), Inovateus Solar LLC (U.S.), Wright Solar Energy LLC (U.S.).
3. What are the main segments of the U.S. Commercial Solar Carport Market?
The market segments include Type, Capacity, Design.
4. Can you provide details about the market size?
The market size is estimated to be USD 257.50 USD Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Awareness of Solar Carports in U.S. is Creating Opportunities in Market.
6. What are the notable trends driving market growth?
Increasing Adoption of Smart and IoT Technology to Increase Energy Generation. Storage. and Distribution to Drive Market Growth.
7. Are there any restraints impacting market growth?
Competing Energy Sources to Restrain Commercial Solar Carport Market Growth in the U.S..
8. Can you provide examples of recent developments in the market?
October 2021: Schletter presented a number of upgrades for its systems at Intersolar Europe. These upgrades include Proline for the pitched roof system and FixGrid Pro for more flexibility on flat roofs, among others.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Million and volume, measured in Thousand Units.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "U.S. Commercial Solar Carport Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the U.S. Commercial Solar Carport Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the U.S. Commercial Solar Carport Market?
To stay informed about further developments, trends, and reports in the U.S. Commercial Solar Carport Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.