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Europe Residential Solar Carport Market
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Europe Residential Solar Carport Market

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Europe Residential Solar Carport Market - By Type (One-Row Vehicle Arrangement Carport, Two-Row Single Slope Arrangement, Two-Row Dual Slope Arrangement); By Design (Cantilever Design, W-framed Design); By Country (Germany, UK, Italy, France, Spain, the Netherlands, Rest of Europe), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: February 2023
  • Report ID: BWC23133
  • Available Format: PDF
  • Page: 200

Report Overview

The rising burden of energy crises in region and the rapid shift towards green and sustainable energy options along with favorable government policies to boost the growth of residential solar carports market in Europe during the forecast period between 2023 and 2029.

Europe Residential Solar Carport Market - Industry Trends & Forecast Report, 2029

Europe residential solar carport market size is projected to grow at a CAGR of 4.54% during the forecast period between 2023 and 2029. Major growth factors for Europe residential solar carport market include the rising burden of energy crises in Europe and the rapid shift towards green and sustainable energy options. The governments of various countries in Europe are offering financial assistance and aid to boost the adoption of solar energy on the continent. However, the shortage of space in residential spaces is limiting solar energy adoption. As a result, the residential solar carport is emerging as a viable option for a greener future.

Europe Residential Solar Carport Market – Overview

Solar carports are canopies that are attached to the ground and extend over parking spaces. The canopy roof area's modest incline provides the ideal mounting surface for solar panels, which improves the structure's appearance. The energy cost of an average residential structure might be reduced or perhaps eliminated with the help of solar carports. Solar panels may be installed on carports in sufficient square footage to provide a sizable quantity of electricity for a house. Additionally, they are also efficient in reducing the CO2 output as well as enhancing CSR and green residentials.

Europe Residential Solar Carport Market

Growth Drivers

Deepening Energy Crisis in Europe

Household energy expenses are under pressure, and government policy is being put to the test by the growing price of gas and electricity. According to the IMF, Russian gas supplies, which are essential for electricity, industrial operations, and heating, have been reduced by more than 80% this year. Since early 2021, wholesale prices for electricity and gas have increased by as much as 15 times, having a significant impact on both homes and businesses. As a result, the governments of European countries are investing in renewable energy and promoting its use among its residents to subside their dependence on energy imports. Such factors are projected to boost the number of residential solar carport installations in Europe, propelling the overall market growth.

Restraints

High Installation and Maintenance Cost

The high cost of solar carport installation acts as a major restraining factor for the growth of the Europe residential solar carport market. As reported by Forbes, the initial installation cost of a solar carport ranges between USD 18,000 and USD 25,000. Along with the installation cost, the resident also needs annual inspection and maintenance which costs around USD 150. To make sure solar panels are running at their full potential, they also need to clean them sometimes. All these overhead charges hinder the adoption of the solar carport, restricting its market growth.

Impact of COVID-19 on Europe Residential Solar Carport Market

The unprecedented COVID-19 pandemic substantially slowed the growth of Europe residential solar carport market. Commercial operations were temporarily suspended to stop the virus from spreading as the European countries were burdened by the growing number of infected patients. Due to the disturbance in the solar carport's supply chain, the market's expansion was hampered. Additionally, governmental and private investment in the energy sector decreased and switched to the growth of the healthcare industry, which also hindered the development of residential solar carports in Europe. However, as the emphasis on sustainable development grows, the market is anticipated to thrive in the post-pandemic period.

Europe Residential Solar Carport Market

Segmental Coverage

Europe Residential Solar Carport Market – By Type

Based on type, Europe residential solar carport market is segregated into one-row vehicle arrangement carport, two-row single slope arrangement, and two-row dual slope arrangement segments. The two-row vehicle arrangement carport segment accounts for the highest share of Europe residential solar carport market. A two-row single slope arrangement is generally used to provide shade for two parking rows. It is simple to adjust the angle for optimal sunlight absorption. This type of residential solar carport offers durability and better returns on investments, which contributes to its market growth.

Europe Residential Solar Carport Market – By Design

Based on design, the Europe residential solar carport market is split into cantilever design and w-framed design segments. The cantilever design segment holds a higher market share. A solar carport in the cantilever form is particularly cost-effective and can accommodate standard solar PV panels. It may also be accessorized to include everything needed for vehicle charging stations, battery storage, and solar-powered charging outlets. The demand for single cantilevers is very prominent in Europe as it combines economical construction with effective energy generation.

Europe Residential Solar Carport Market – By Country

Geographically, Europe residential solar carport market covers the following major countries: Sweden, Germany, the UK, Italy, France, Spain, the Netherlands, and the rest of Europe. Sweden accounts for the highest share of the Europe residential solar carport market. Sweden (62.6%) had by far the highest percentage of renewable energy in its gross final energy consumption among EU Member States in 2021, followed by Finland (43.1%) and Latvia (42.1%), according to Europa. Sweden aims to generate 100% of its electricity from renewable energy sources by 2040. These favorable government policies play a crucial factor in propelling the growth of the residential solar carport market.

Competitive Landscape

Major players operating in Europe residential solar carport market include Solarcentury, Fronius, SolarEdge, Enphase Energy, SMA Solar Technology, JinkoSolar, Canadian Solar, Trina Solar, Yingli Solar, Hanwha Q CELLS, LG Electronics, SolarWorld, SunPower, First Solar, Aleo Solar, Conergy, Motech Industries, Suntech Power, REC Solar, and Solaria Energía y Medio Ambiente. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Germany, the UK, Italy, France, Spain, the Netherlands, and the rest of Europe

Product/ Service Segmentation

Type, Design, Country

Key Players

Solarcentury, Fronius, SolarEdge, Enphase Energy, SMA Solar Technology, JinkoSolar, Canadian Solar, Trina Solar, Yingli Solar, Hanwha Q CELLS, LG Electronics, SolarWorld, SunPower, First Solar, Aleo Solar, Conergy, Motech Industries, Suntech Power, REC Solar, Solaria Energia y Medio Ambiente

 

 

By Type

  • One-Row vehicle arrangement carport

  • Two-Row single slope arrangement

  • Two-Row dual slope arrangement

By Design

  • Cantilever design

  • W-framed design

By Country

  • Germany

  • UK

  • Italy

  • France

  • Spain

  • Netherlands

  • Rest of Europe

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Europe Residential Solar Carport Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing environmental concerns
        2. Rising acceptance of renewable energy
        3. Government incentives and policies
      2. Restraints
        1. Limited access to financing
        2. Complexities associated with installation
      3. Opportunities
        1. Improved solar technology
        2. Surging demand for renewable energy
      4. Challenges
        1. High upfront costs
        2. Planning & permitting issues
    3. Product Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Europe Residential Solar Carport Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. One-Row vehicle arrangement carport
        2. Two-Row single slope arrangement
        3. Two-Row dual slope arrangement
      2. By Design
        1. Cantilever design
        2. W-framed design
      3. By Country
        1. Germany
        2. UK
        3. Italy
        4. France
        5. Spain
        6. The Netherlands
        7. Rest of Europe
  5. Germany Residential Solar Carport Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Design
  6. UK Residential Solar Carport Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Design
  7. Italy Residential Solar Carport Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Design
  8. France Residential Solar Carport Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Design
  9. Spain Residential Solar Carport Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Design
  10. The Netherlands Residential Solar Carport Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Design
  11. Rest of Europe Residential Solar Carport Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Design
  12. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Europe Residential Solar Carport Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
  13. Impact of Covid-19 on Europe Residential Solar Carport Market
  14. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Solarcentury
    2. Fronius
    3. SolarEdge
    4. Enphase Energy
    5. SMA Solar Technology
    6. JinkoSolar
    7. Canadian Solar
    8. Trina Solar
    9. Yingli Solar
    10. Hanwha Q CELLS
    11. LG Electronics
    12. SolarWorld
    13. SunPower
    14. First Solar
    15. Aleo Solar
    16. Conergy
    17. Motech Industries
    18. Suntech Power
    19. REC Solar
    20. Solaria Energia y Medio Ambiente
    21. Other Prominent Players
  15. Key Strategic Recommendations
  16. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

Figure 1       Europe Residential Solar Carport Segmentation

Figure 2       Europe Residential Solar Carport Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Europe Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Figure 5       Europe Residential Solar Carport Market Share, By Type, By Value, 2019–2029

Figure 6       Europe Residential Solar Carport Market Share, By Design, By Value, 2019–2029

Figure 7       Europe Residential Solar Carport Market Share, By Country, By Value, 2019–2029

Figure 8       Germany Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Figure 9       Germany Residential Solar Carport Market Share, By Type, By Value, 2019–2029

Figure 10     Germany Residential Solar Carport Market Share, By Design, By Value, 2019–2029

Figure 11     UK Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Figure 12     UK Residential Solar Carport Market Share, By Type, By Value, 2019–2029

Figure 13     UK Residential Solar Carport Market Share, By Design, By Value, 2019–2029

Figure 14     Italy Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Figure 15     Italy Residential Solar Carport Market Share, By Type, By Value, 2019–2029

Figure 16     Italy Residential Solar Carport Market Share, By Design, By Value, 2019–2029

Figure 17     France Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Figure 18     France Residential Solar Carport Market Share, By Type, By Value, 2019–2029

Figure 19     France Residential Solar Carport Market Share, By Design, By Value, 2019–2029

Figure 20     Spain Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Figure 21     Spain Residential Solar Carport Market Share, By Type, By Value, 2019–2029

Figure 22     Spain Residential Solar Carport Market Share, By Design, By Value, 2019–2029

Figure 23     The Netherlands Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Figure 24     The Netherlands Residential Solar Carport Market Share, By Type, By Value, 2019–2029

Figure 25     The Netherlands Residential Solar Carport Market Share, By Design, By Value, 2019–2029

Figure 26     Rest of Europe Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Figure 27     Rest of Europe Residential Solar Carport Market Share, By Type, By Value, 2019–2029

Figure 28     Rest of Europe Residential Solar Carport Market Share, By Design, By Value, 2019–2029

         

List of Tables

Table 1        Europe Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Table 2        Europe Residential Solar Carport Market Size, By Type, By Value, 2019–2029

Table 3        Europe Residential Solar Carport Market Size, By Design, By Value, 2019–2029

Table 4        Europe Residential Solar Carport Market Size, By Country, By Value, 2019–2029

Table 5        Germany Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Table 6        Germany Residential Solar Carport Market Size, By Type, By Value, 2019–2029

Table 7        Germany Residential Solar Carport Market Size, By Design, By Value, 2019–2029

Table 8        UK Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Table 9        UK Residential Solar Carport Market Size, By Type, By Value, 2019–2029

Table 10      UK Residential Solar Carport Market Size, By Design, By Value, 2019–2029

Table 11      Italy Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Table 12      Italy Residential Solar Carport Market Size, By Type, By Value, 2019–2029

Table 13      Italy Residential Solar Carport Market Size, By Design, By Value, 2019–2029

Table 14      France Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Table 15      France Residential Solar Carport Market Size, By Type, By Value, 2019–2029

Table 16      France Residential Solar Carport Market Size, By Design, By Value, 2019–2029

Table 17      Spain Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Table 18      Spain Residential Solar Carport Market Size, By Type, By Value, 2019–2029

Table 19      Spain Residential Solar Carport Market Size, By Design, By Value, 2019–2029

Table 20      The Netherlands Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Table 21      The Netherlands Residential Solar Carport Market Size, By Type, By Value, 2019–2029

Table 22      The Netherlands Residential Solar Carport Market Size, By Design, By Value, 2019–2029

Table 23      Rest of Europe Residential Solar Carport Market Size, By Value (USD Million), 2019–2029

Table 24      Rest of Europe Residential Solar Carport Market Size, By Type, By Value, 2019–2029

Table 25      Rest of Europe Residential Solar Carport Market Size, By Design, By Value, 2019–2029

Table 26      Solar century Company Overview

Table 27      Solar century Financial Overview

Table 28      Fronius Company Overview

Table 29      Fronius Financial Overview

Table 30      SolarEdge Company Overview

Table 31      SolarEdge Financial Overview

Table 32      Enphase Energy Company Overview

Table 33      Enphase Energy Financial Overview

Table 34      SMA Solar Technology Company Overview

Table 35      SMA Solar Technology Financial Overview

Table 36      Jinko Solar Company Overview

Table 37      Jinko Solar Financial Overview

Table 38      Canadian Solar Company Overview

Table 39      Canadian Solar Financial Overview

Table 40      Trina Solar Company Overview

Table 41      Trina Solar Financial Overview

Table 42      Yingli Solar Company Overview

Table 43      Yingli Solar Financial Overview

Table 44      Hanwha Q CELLS Company Overview

Table 45      Hanwha Q CELLS Financial Overview

Table 46      LG Electronics Company Overview

Table 47      LG Electronics Financial Overview

Table 48      SolarWorld Company Overview

Table 49      SolarWorld Financial Overview

Table 50      SunPower Company Overview

Table 51      SunPower Financial Overview

Table 52      First Solar Company Overview

Table 53      First Solar Financial Overview

Table 54      Aleo Solar Company Overview

Table 55      Aleo Solar Financial Overview

Table 56      Conergy Company Overview

Table 57      Conergy Financial Overview

Table 58      Motech Industries Company Overview

Table 59      Motech Industries Financial Overview

Table 60      Suntech Power Company Overview

Table 61      Suntech Power Financial Overview

Table 62      REC Solar Company Overview

Table 63      REC Solar Financial Overview

Table 64      Solaria Energia y Medio Ambiente Company Overview

Table 65      Solaria Energia y Medio Ambiente Financial Overview       

         

Market Segmentation

By Type

  • One-Row vehicle arrangement carport

  • Two-Row single slope arrangement

  • Two-Row dual slope arrangement

By Design

  • Cantilever design

  • W-framed design

By Country

  • Germany

  • UK

  • Italy

  • France

  • Spain

  • Netherlands

  • Rest of Europe

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Frequently Asked Questions (FAQs):

Ans: Sweden is expected to grow at the fastest rate in Europe Residential Solar Carport Market during the forecast period.
Ans: The cantilever design segment held a higher market share in the Europe Residential Solar Carport Market by design.
Ans: Major factors driving the growth of Europe Residential Solar Carport Market include growing environmental concerns and rising acceptance of renewable energy.
Ans: Europe Residential Solar Carport Market is expected to grow at a CAGR of 4.54% during the forecast period between 2023 and 2029.
Ans: Key players in Europe Residential Solar Carport Market include Solarcentury, Fronius, SolarEdge, Enphase Energy, SMA Solar Technology, JinkoSolar, Canadian Solar, Trina Solar, Yingli Solar, Hanwha Q CELLS, LG Electronics, SolarWorld, SunPower, First Solar, Aleo Solar, Conergy, Motech Industries, Suntech Power, REC Solar, and Solaria Energia y Medio Ambiente.