Pune, India, March 02, 2021 (GLOBE NEWSWIRE) -- The global solar carport market size is slated to expand at a substantial pace owing to the vast economic and environmental advantages of these structures, shares Fortune Business Insights™ in its report, titled “Solar Carport Market Size, Share & Industry Analysis, By Type (One-Row Vehicle Arrangement Carport, Two-Row Single Slope Vehicle Arrangement, Two-Row Dual Slope Vehicle Arrangement), By Application (Commercial, Non-profit, Others), By Design (Cantilever Design, W Frame Design ) and Regional Forecast 2020-2027”. Solar carports are essentially solar panels that are mounted on the ground, covering parking lots like a canopy. They offer a host of benefits and are, thus, being eagerly adopted worldwide, especially in urban areas. For example, carport solar panels can lower utility by reducing energy consumption from conventional sources as well as decreasing carbon footprint. A recent development in this context is EnergyLink’s solar carport project for Faber and Brand that is expected to save the law firm approximately USD 700,000 over the lifespan of the project. Another critical advantage of these panels is that they can be oriented at the optimal angle to capture maximum sunlight, further raising energy savings for consumers. The enormous energy and cost saving potential of solar carports is the primary reason for their increasing demand and uptake around the globe.
Please visit: https://www.fortunebusinessinsights.com/solar-carport-market-104006
The advent of COVID-19 has led to an explosion of uncertainty in the business world. While some businesses are in a relatively insulated condition, numerous others are experiencing unparalleled suffering because of the pandemic. We aim to provide businesses with thoroughly researched market intelligence reports regarding this crisis so that they can formulate well-informed market strategies.
Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Request To Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/solar-carport-market-104006
Highlights of the Report:
- A thorough analysis of the factors driving and restraining the market;
- Exhaustive research into the key market segments;
- Detailed diagnosis of the leading players and their strategies; and
- A comprehensive study of the regional developments & dynamics impacting the market.
Driving Factor
Initiation of Carport Projects by Leading Economies to Boost the Market
Formulation and implementation of large-scale solar carport projects in major world economies are rapidly widening the scope of this market. In India, for example, Tata Power signed a power purchase agreement with Tata Motors to launch India’s largest solar carport project in Pune, Maharashtra in September 2020. Featuring a capacity of 6.2MWp, the installation is foreseen to bring down carbon emission by 1.6 lakh tons over the project’s lifetime. Similarly, in France, Neoen, a renewable energy company, built a 16.3 MW solar array in a car parking lot in the city of Corbas in April 2019. The project covers 4,600 industrial parking spaces, spans 12.5 hectares, and cost €19.1 million. In the same year, Australia unveiled one of its biggest solar carports in Brisbane. The 100kW structure has been designed to generate energy enough to power car parks, businesses, and shops, cutting utility costs between 30% and 40% and reducing carbon emissions. The successful completion and smooth functioning of these projects are likely to prove favorable for the growth of this market in the forthcoming years.
Regional Insights
Supportive Framework for Novel Clean Energy Projects to Bolster the North America Market Growth
North America is expected to dominate the solar carport market share in the near future on account of the active policy support to novel renewable energy projects in the US and Canada. This support is based on the region’s gradual transition towards clean energy sources. In addition, both the US and Canada are home to a large number of solar power companies, which will further contribute to the region’s leading position in this market.
In Europe, the market will be primarily driven by the increasing adoption of electric vehicles and massive investments in renewables. On the other hand, the market in Asia Pacific will derive growth from the rising number of solar carport projects in India, China, and Singapore and focus of these countries to meet their green energy targets.
Competitive Landscape
Top Players to Capitalize on Business Expansion Opportunities
Key players in this market are augmenting the solar carport market growth by exploiting the speedily growing business expansion opportunities. These opportunities are also enabling companies to enhance their innovation capacities and entrench their position in the market.
Industry Development:
- June 2020: Paradise Energy Solutions successfully installed a 1 MW solar carport structure for Turn 14, a Pennsylvania-based automotive parts distributor. Turn 14’s Horsham headquarters are now home to one of Pennsylvania’s largest solar-powered carports.
Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/solar-carport-market-104006
List of Key Players Covered in the Solar Carport Market Report:
- Schletter Inc.
- Upsolar Global
- Green Choice
- SunPower Corporation
- SolarCity
- Envision Solar
- Solarcentury
- Cenergy
- SunWize Technologies, Inc.
- Orion Solar Racking
- Phoenix Solar US
- SunEdison
Pre Book - Solar Carport Market: https://www.fortunebusinessinsights.com/checkout-page/104006
Marine Engine Market Size, Share & COVID-19 Impact Analysis, By Ship Type (Oil Tankers, Bulk Carriers, General Cargo Ships, Container Ships, Gas Carriers, Chemical Tankers, Support Vessels), By Capacity (0 – 10000 HP, 10000 – 20000 HP, 20000 – 30000 HP, 30000 – 40000 HP), By Fuel (Heavy Fuel Oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil), By Speed, By Stroke and Regional Forecast, 2020-2027
FPSO Market Size, Share & COVID-19 Impact Analysis, By Storage Capacity (Less than 1 MMBBLs, 1-2 MMBBLs, and More than 2 MMBBLs) By Water Depth (Shallow Water, Deepwater, and Ultra-Deepwater), By Construction Type (Converted and New Build), By Hull Type (Single Hull and Double Hull), By Ownership (Contractor Owned {Contractor Managed and Operator Managed} and Operator Owned {Contractor Managed and Operator Managed}), and Regional Forecast, 2020-2027
Generator Sales Market Size, Share & COVID-19 Impact Analysis, By Power Rating (Below 75 kVA, 75-375 kVA, 375-750 kVA, and Above 750 kVA), By Fuel Type (Diesel, Gas, and Others), By Application (Continuous Load, Peak Load, and Stand By Load), By End User (Mining, Oil & Gas, Construction, Residential, Marine, Manufacturing, Pharmaceuticals, Commercial, Telecom, and Others), and Regional Forecast, 2020-2027
Oilfield Services Market Size, Share & COVID-19 Impact Analysis, By Type (Equipment Rental, Field Operation, and Analytical Services), By Service (Geophysical, Drilling, Completion & Workover, Production, and Processing & Separation), By Application (Onshore and Offshore {Shallow Water, Deepwater, Ultra-Deepwater}), and Regional Forecast, 2020-2027
Solar Photovoltaic (PV) Market Size, Share and COVID-19 Impact Analysis, By Technology (Monocrystalline Silicon, Thin Film, Polycrystalline Silicon, and Others), By Grid Type (On-grid and Off-grid), By Installation (Ground Mounted, Rooftop, and Others), By Application (Residential, Non-Residential and Utilities), and Regional Forecast, 2020-2027
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them 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.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs