According to a new report, published by KBV research, The Global Solar Carport Market size is expected to reach $1.10 billion by 2032, rising at a market growth of 10.5% CAGR during the forecast period.
The global solar carport market has emerged as a prominent segment within the renewable energy and green infrastructure ecosystem. Originally viewed as a supplementary application of solar photovoltaics (PV), solar carports have steadily evolved into a strategic energy solution. By utilizing parking lots and open spaces—often in commercial, institutional, and public settings—solar carports generate clean electricity while providing shelter for vehicles.
The Two-row Vehicle Arrangement segment is leading the Global Solar Carport Market by Vehicle Arrangement in 2024; thereby, achieving a market value of USD 728.2 Million by 2032. Commercial complexes, industrial facilities, airports, and institutional campuses often prefer this setup due to its space optimization and cost-effectiveness at scale. Its structural design also facilitates better shading and protection for vehicles beneath. As demand for high-capacity solar installations grows, the two-row arrangement continues to gain preference among developers and facility managers.
The 500 kW to 1MW segment is anticipating a CAGR of 10.9% during (2025 - 2032). These systems balance power generation with space and budget constraints, offering a practical solution for facilities that require reliable on-site energy but may not have the space or need for megawatt-scale infrastructure. This segment often benefits from incentives and supports broader energy independence initiatives within commercial operations.
The Commercial segment is generating the Global Solar Carport Market by Application in 2024, achieving a market value of USD 798.3 Million by 2032. The segment is driven by the widespread adoption of solar energy across office complexes, shopping malls, hospitals, airports, and educational institutions. These facilities often have large parking areas that can be efficiently used for solar energy generation. The dual benefit of producing electricity and providing vehicle shade makes solar carports highly attractive for commercial properties.
The Cantilever segment registers a CAGR of 10.6% during (2025 - 2032). This design ensures easier vehicle movement and minimizes obstructions, which is particularly useful in tight spaces. It is often installed in residential complexes, offices, and public facilities. Its sleek appearance and practicality make it a preferred option for sites where space optimization and user convenience are key. The structure also allows for flexible alignment with different parking layouts.
Full Report: https://www.kbvresearch.com/solar-carport-market/
The North America region dominated the Global Solar Carport Market by Region in 2024 and would continue to be a dominant market till 2032; thereby, achieving a market value of USD 374.4 Million by 2032. The Asia region market is experiencing a CAGR of 11% during (2025 - 2032). Additionally, The Europe region would exhibit a CAGR of 10.3% during (2025 - 2032).
By Vehicle Arrangement
By Capacity
By Type
By Application
By Geography
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