The Solar Carport Market Is Charging Ahead: Projected to Reach USD 961.6 million by 2030
The global solar carport market size is expected to reach USD 961.6 million by 2030, growing at a CAGR of 9.9% from 2023 to 2030, according to a new study by Grand View Research, Inc. Increasing global focus on renewable energy and sustainability is driving the adoption of solar carports. In addition, increasing demand for solar carports with integrated electric vehicle charging stations is fueling the growth of the market. Supportive government policies and incentives for solar installations also play a significant role in fostering the growth of the market. The increasing development and launch of solar-powered carport solutions by various market players across the globe is propelling the growth of the market. For instance, in July 2022, Canyon Solar, a manufacturer based in Sydney, Australia, introduced a modular solar photovoltaics (PV) shade structure designed for commercial carport applications. The company has claimed that the installation speed of this system ...