Global Solar Canopy Carport Market Size is Expected to Grow to $1565.13 Million by 2028

Global Solar Canopy Carport Market Overview

According to Global Market Monitor, the global solar canopy carport market size is expected to grow to $1565.13 million by 2028 with a CAGR of 5.71% from 2023 to 2028.

A solar canopy carport is a technology that integrates solar panels into the building. Paving solar panels on the top of the parking shed not only has the function of an ordinary parking shed but also plays the role of power generation, heat insulation, rain, and shade. Many solar parking lots also incorporate electric car charging stations so that drivers can recharge with solar power while parking.

Market Chain

The upstream of the solar canopy carport mainly includes support materials, battery modules, etc. The midstream industry covers investment operators as well as design and construction manufacturers of solar canopy carports. Its downstream areas mainly include industrial parks, hospitals, schools, etc. According to the installed capacity, industrial parks especially automobile production parks occupy the larger share. As the entry barriers are low, the number of enterprise entrants has continued to increase in recent years.

Government Incentives and Increasing Environmental Awareness Boost the Industry.

The greenhouse effect has a great impact on people's survival. Although there are many questions about the greenhouse effect, the previous concept is deeply rooted in people's minds, and they are more willing to use environmentally friendly energy. Nowadays, a large number of governments are willing to spend a lot of money and time to subsidize new energy products, which is one of the future development trends of energy.

The government takes incentives such as tax credits and grants to encourage the adoption of renewable energy solutions. Businesses and organizations are increasingly taking sustainability seriously, using solar garages to demonstrate their commitment to clean energy and environmental responsibility.The growing popularity of electric vehicles has driven the demand for solar energy with carport stations with integrated EV charging capabilities. The decrease in the cost of solar panels makes the installation more convenient and affordable and enhances the utilization efficiency of solar canopy carport.

Drivers	Policy Support
	Growing Awareness of Fossil Energy
	Inhibition of the Greenhouse Effect
Limitations	Geographical Factors
	Energy Habits