Solar Carport Market is segmented By Application (Commercial, Residential, Others), By Type (T-shape Solar Carports, Cantilever Solar Carports, Semi C....
Market Size in USD
CAGR9.9%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 9.9% |
Market Concentration | High |
Major Players | SunPower Corporation, SolarCity (Tesla), Martifer Solar, Schletter Inc., Envision Solar |
The solar carport market is estimated to be valued at USD 606.1 Bn in 2024 and is expected to reach USD 1,173.6 Bn by 2031. It is expected to grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031. Strong growth of the solar carport market can be attributed to increasing awareness about renewable energy sources and the environmental benefits of solar power.