Solar Carport Charging Station Market
Global Solar Carport Charging Station Market Size, Share & Trends Analysis Report by Type (Medium & Small Solar Carport Charging Station and Large Solar Carport Charging Station), and by Application (Household and Commercial) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global solar carport charging station market is anticipated to grow at a significant CAGR of 15.1% during the forecast period. One of the major factors that are fuelling the market is the growing demand for electric vehicles globally. Most of the nations and market players are taking several initiatives to promote electric vehicles, and in the past few years sales of electric vehicles have been grown exponentially which also has increased the solar charging stations market. As per the data of the International Energy Agency 2020, electric car sales reached 2,986,659 which is more than 40% of the electric car sales in 2019.
Impact of COVID-19 Pandemic on Global Solar Carport Charging Station Market
The COVID-19 pandemic had impacted the global automotive industry significantly owning to the lockdown in most of the nations to control the spread of the virus. It affected the overall demand for vehicles in the market. However, the electric vehicle market showed significant growth which was also reflected in the annual report growth of solar carport charging stations’ market players. For instance, as per the annual report of Beam Global, the company’s total revenue reached $6,210,350 as of 31 December 2020, which is more than 21% of the total revenue of the company in 2019.
Segmental Outlook
The global solar carport charging station market is segmented based on type and application. Based on the type, the market is segmented into medium & small solar carport charging stations and large solar carport charging stations. Based on the application, the market is sub-segmented into the household and commercial. Based on type, medium and small solar carport charging stations is expected to hold major share in the market.
Global Solar Carport Charging Station Market Share by Application, 2021 (%)
The Commercial Segment Holds the Major Share in the Global Solar Carport Charging Station Market
The commercial segment holds the major market share and is anticipated to grow significantly during the forecast period in the global solar carport charging station market in the application segment. One of the major factors behind the lesser market share of the household is the expensiveness of the solar system and its implementation. As per the data of the Center for Sustainable Energy, after 1st January 2021, the US government declined tax credit on solar panel installation to 22%, so the average system cost for solar systems reached (5,000 w x $4.00/watt = $20,000 with tax credit 22% x$20,000 = $4,400, which is $15,600) $15,600 which is huge for just charging, even for overall house electricity. While using solar systems commercially for charging is beneficial since it can save or gain currency as well.
Regional Outlooks
The global Solar Carport Charging Station market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among the regions, the Asia Pacific anticipated to hold significant share in the market followed by North America, and then Europe.
Global Solar Carport Charging Station Market Growth, by Region 2022-2028
The Asia-Pacific Region Expected to Hold Considerable Share in the Global Solar Carport Charging Station Market
Asia-Pacific region holds the major share and is anticipated to grow fastest during the forecast period in the solar carport charging station market. The presence of emerging countries such as China, Japan, India, and South Korea are taking big initiatives to fuel up the overall electric vehicle market. Only China holds more than 40% shares in the electric vehicle market. Such growth in the region has grown multiple companies such as Bharat Heavy Electricals Ltd. (BHEL), KYOCERA Corp., and others that are providing solar carport charging services to grow the electric vehicle market. As per the data of IEA 2020, China has 807,000 publicly available chargers which are more than 61% of the total publicly available chargers across the globe. Moreover, as per the International Energy Agency Photovoltaic Power Systems Programme, China was the top photovoltaic (PV) market in 2020 with 48,2 GW, and Asia-Pacific holds 61% share in the global PV market.
Market Players Outlook
The major companies serving the global solar carport charging station market include Beam Global, GE Group, Solarsense UK Ltd., Standard Solar, Inc., SunPower Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2019, Comcast and SunPower completed its 1,1701-panel carport solar installation to support power Comxcast’s regional call center at 35 Resnik Road in Plymouth. The system can generate enough onsite clean energy to offset more than 95% of the facility’s annual energy consumption.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global solar carport charging station market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Solar Carport Charging Station Market
• Recovery Scenario of Global Solar Carport Charging Station Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Beam Global
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. GE Group
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Solarsense UK Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Standard Solar, Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. SunPower Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Solar Carport Charging Station Market by Type
4.1.1. Medium and Small Solar Carport Charging Station
4.1.2. Large Solar Carport Charging Station
4.2. Global Solar Carport Charging Station Market by Application
4.2.1. Household
4.2.2. Commercial
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Atum Charge
6.2. Bharat Heavy Electricals Ltd. (BHEL)
6.3. Giulio Barbieri S.r.l.
6.4. KYOCERA Corp.
6.5. S:FLEX
6.6. Solar Electric Supply, Inc.
6.7. SolarWing
6.8. Sundial Solar Solutions
6.9. SUNWORX
6.10. Tesla
1. GLOBAL SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL MEDIUM AND SMALL SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LARGE SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL HOUSEHOLD SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL COMMERCIAL SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
8. NORTH AMERICAN SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
9. NORTH AMERICAN SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
10. NORTH AMERICAN SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
11. EUROPEAN SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
12. EUROPEAN SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
13. EUROPEAN SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
14. ASIA-PACIFIC SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. ASIA-PACIFIC SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
16. ASIA-PACIFIC SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. REST OF THE WORLD SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. REST OF THE WORLD SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
19. REST OF THE WORLD SOLAR CARPORT CHARGING STATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SOLAR CARPORT CHARGING STATION MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SOLAR CARPORT CHARGING STATION MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL SOLAR CARPORT CHARGING STATION MARKET, 2022-2028 (%)
4. GLOBAL SOLAR CARPORT CHARGING STATION MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL MEDIUM AND SMALL SOLAR CARPORT CHARGING STATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL LARGE SOLAR CARPORT CHARGING STATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL SOLAR CARPORT CHARGING STATION MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
8. GLOBAL HOUSEHOLD SOLAR CARPORT CHARGING STATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL COMMERCIAL SOLAR CARPORT CHARGING STATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL SOLAR CARPORT CHARGING STATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. US SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
12. CANADA SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
13. UK SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
14. FRANCE SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
15. GERMANY SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
16. ITALY SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
17. SPAIN SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
18. REST OF EUROPE SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
19. INDIA SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
20. CHINA SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
21. JAPAN SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
22. SOUTH KOREA SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
23. REST OF ASIA-PACIFIC SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF THE WORLD SOLAR CARPORT CHARGING STATION MARKET SIZE, 2021-2028 ($ MILLION)
