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Saudi Arabia Solar Canopy Carport Market
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Saudi Arabia Solar Canopy Carport Market

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Saudi Arabia Solar Canopy Carport Market - By Canopy Type (Mono-pitch, Duo-pitch, Barrel Arch); By Carport Type (1-Row Vehicle Arrangement Carport, 2-Row Single Slope Vehicle Arrangement, 2-Row Dual Slope Vehicle Arrangement); By Design (Cantilever Design, W Frame Design); By End-user (Residential, Commercial, Industrial); By Region (North & Central Region, Eastern Region, Western Region, Southern Region), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: March 2023
  • Report ID: BWC23196
  • Available Format: PDF
  • Page: 200

Report Overview

Rising demand for solar canopy carport due to increasing popularity of electric vehicles and for residential use are projected to propel the expansion of Saudi Arabia solar canopy carport market during the forecast period between 2023 and 2029.

Saudi Arabia Solar Canopy Carport Market - Industry Trends & Forecast Report, 2029

Saudi Arabia solar canopy carport market size was estimated at USD 13.69 million in 2022. During the forecast period between 2023 and 2029, the size of Saudi Arabia solar canopy carport market is projected to grow at CAGR of 5.47% reaching a value of USD 19.73 million by 2029. Major growth drivers for Saudi Arabia solar canopy carport market include increasing government initiatives, rising energy costs, and a growing awareness of the environmental benefits of renewable energy. In particular, the Saudi government has set ambitious targets for renewable energy deployment as part of its Vision 2030 program, which aims to reduce the country's reliance on oil and gas and promote economic diversification. Likewise, to the environmental benefits of solar carports, they also offer a range of practical advantages. For instance, they can provide shade and protection from the elements for parked cars, reducing the need for expensive parking structures and potentially lowering insurance costs. They can also be used as a source of revenue for property owners, who can sell excess energy back to the grid. Hence such aspects are expected to boost the expansion of Saudi Arabia solar canopy carport market during the period in analysis.

Saudi Arabia Solar Canopy Carport Market

Saudi Arabia Solar Canopy Carport Market – Overview

A solar carport is a shaded building with solar panels built in that houses and safeguards vehicle from the elements. The structure is normally composed of stainless steel and rests on a concrete foundation. The solar panels are mounted to the roof of the structure, making a solar panel system. Solar carports are a sort of solar canopy that falls under the category of solar canopies. Solar canopies, often known as solar pergolas, are a type of shaded solar system. They provide shade for parked cars and other motor vehicles. Several carports can be outfitted with electric vehicle charging stations as an additional perk for vehicles sheltered beneath. Solar canopies are used well after dark. This solar energy is utilized to operate HVAC systems, lights, computers, and other electrical equipment to minimize energy use, and carports can provide enough stored energy to assist offset energy bills.

Saudi Arabia Solar Canopy Carport Market

Growth Drivers

High Demand for Electric Vehicles

The rise in demand for electric vehicles (EVs) is a key factor contributing to the expansion of the Saudi Arabia solar canopy carport market. As more consumers and businesses switch to EVs, there is a growing need for infrastructure to support their charging needs. Solar carports can provide an ideal solution, as they offer a cost-effective and sustainable way to generate electricity for EV charging stations. Also, solar carports can provide shade and protection for EVs while they are charging, helping to extend the life of the batteries and reducing the need for expensive air-conditioned parking facilities. They can also generate revenue for property owners by selling excess energy back to the grid.

Restraints

High Cost of Installation and Maintenance

The expense of a solar carport increases in direct proportion to the length of the cantilever, the weight of the structure, higher vehicles, and guttering systems. It becomes expensive as extra steel is required for the cantilever, high installation costs due to the weight of the structure, electrical equipment may need to be situated outside the carport structure to safeguard it from accidental damage, parking bays must be oriented between south-east and south-west, extra steel is required for accommodating taller vehicles, and guttering system design and installation can be complicated. Also, the cost of the solar carport and accompanying services is mostly dictated by the structure's intricacy. As a result, high costs function as a barrier to market growth. Similarly, since many projects fail to get sufficient connection capacity at a cost that makes them financially viable, projects have access grid connection at an early stage. Moreover, in undeveloped nations, the absence of technology to store solar energy owing to significant upfront investments affects solar canopy carport market growth.

Impact of COVID-19 on Saudi Arabia Solar Canopy Carport Market

The COVID-19 pandemic has had a mixed impact on the Saudi Arabia solar canopy carport market. On the one hand, the pandemic has disrupted supply chains and caused delays in the construction of solar carports. On the other hand, it has also created opportunities for the market, as businesses and governments seek to reduce their reliance on conventional energy sources and promote economic recovery. In the short term, the pandemic has caused delays in the construction of solar carports, as supply chains have been disrupted and construction work has been delayed due to lockdowns and social distancing measures. This has led to some project cancellations and delays, as businesses and governments have had to reprioritize their budgets and timelines. However, the pandemic has also highlighted the importance of sustainability and renewable energy, as businesses and governments seek to reduce their carbon footprint and promote economic recovery. As a result, there has been increasing interest in solar carports as a cost-effective and sustainable solution for generating electricity. Also, the pandemic has led to a shift towards remote work and e-commerce, which has reduced the demand for commercial real estate and created opportunities for the development of solar carports on underutilized land. This trend is expected to continue in the post-pandemic era, driving the growth of the Saudi Arabia solar canopy carport market.

Saudi Arabia Solar Canopy Carport Market

Segmental Coverage

Saudi Arabia Solar Canopy Carport Market – By Product

By product, Saudi Arabia solar canopy carport market is divided into Mono-pitch, Duo-pitch, and Barrel Arch segments.

Saudi Arabia Solar Canopy Carport Market – By Carport Type

Based on carport type, Saudi Arabia solar canopy carport market is divided into 1-Row Vehicle Arrangement Carport, 2-Row Single Slope Vehicle Arrangement, and 2-Row Dual Slope Vehicle Arrangement segments. The two-row dual slope vehicle arrangement is expected to hold the highest market share during the forecast period. A two-row vehicle arrangement carport features a single sloped roof supported by a serios of beams or supports. This structure is simple but highly effective. This carport can extend from an existing building or structure with a wall mounting or stand separately on columns. For commercial purposes, two-row carports make sense as it takes relatively less space, and lesser materials are required to park more vehicles. A one-row vehicle arrangement carport is generally suitable for the small-oriented parking areas and is likely to grow significantly during the forecast period.

Saudi Arabia Solar Canopy Carport Market – By Design

Based on design, Saudi Arabia solar canopy carport market is split into Cantilever Design and W Frame Design segments. The cantilever design held a higher market share in 2022 and is expected to maintain its dominance throughout the forecast period. Cantilever design constructions have the advantage of having the smallest possible ground footprint. Vertical posts are positioned between ordinary 2.4m carpark bays, creating a distinguishing three-bay span. These reasons are driving the segment's growth.

Saudi Arabia Solar Canopy Carport Market – By End User

Based on end user, Saudi Arabia solar canopy carport market is divided into Residential, Commercial, and Industrial segments.

Saudi Arabia Solar Canopy Carport Market – By Region

Based on region, Saudi Arabia solar canopy carport market is divided into North & Central Region, Eastern Region, Western Region, and Southern Region.

Competitive Landscape

Major players operating in Saudi Arabia solar canopy carport market include Alsa Solar Systems, Suntech Saudi Arabia, Flexshade, Schletter Group, Premier Solar Technologies, SunPower, and Enerwhere. 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

Saudi Arabia

Product/ Service Segmentation

Canopy Type, Carport Type, Design, End-User, Region

Key Players

Alsa Solar Systems, Suntech Saudi Arabia, Flexshade, Schletter Group, Premier Solar Technologies, SunPower, Enerwhere

 

By Canopy Type

  • Mono-pitch

  • Duo-pitch

  • Barrel Arch

By Carport Type

  • 1-Row Vehicle Arrangement Carport

  • 2-Row Single Slope Vehicle Arrangement

  • 2-Row Dual Slope Vehicle Arrangement

By Design

  • Cantilever Design

  • W Frame Design

By End User

  • Residential

  • Commercial

  • Industrial

By Region

  • North & Central Region

  • Eastern Region

  • Western Region

  • Southern Region

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Solar Canopy Carport Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rise in Demand for Electric Vehicles
        2. Growing Demand due to High Fuel Prices
        3. Increase in Demand for Residential Use
      2. Restraints
        1. High Installation Costs
        2. Limited Regulations
      3. Opportunities
        1. Rising Utility Costs Creates an Opportunity for Clean Energy Sources
        2. Rise in Corporate Social Responsibility
        3. Increasing Government Sustainability Programs
      4. Challenges
        1. Lack of Skilled Labor
        2. Intense Competition
    3. Technology 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. Saudi Arabia Solar Canopy Carport Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Canopy Type
        1. Mono-pitch
        2. Duo-pitch
        3. Barrel Arch
      2. By Carport Type
        1. 1-Row Vehicle Arrangement Carport
        2. 2-Row Single Slope Vehicle Arrangement
        3. 2-Row Dual Slope Vehicle Arrangement
      3. By Design
        1. Cantilever Design
        2. W Frame Design
      4. By End User
        1. Residential
        2. Commercial
        3. Industrial
        4. Others
      5. By Region
        1. North & Central Region
        2. Eastern Region
        3. Western Region
        4. Southern Region
  5. North & Central Region Solar Canopy Carport Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Canopy Type
      2. By Carport Type
      3. By Design
      4. By End-user
  6. Eastern Region Solar Canopy Carport Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Canopy Type
      2. By Carport Type
      3. By Design
      4. By End-user
  7. Western Region Solar Canopy Carport Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Canopy Type
      2. By Carport Type
      3. By Design
      4. By End-user
  8. Southern Region Solar Canopy Carport Market Overview
    1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Canopy Type
      2. By Carport Type
      3. By Design
      4. By End-user
  9. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Solar Canopy Carport Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  10. Impact of Covid-19 on Saudi Arabia Solar Canopy Carport Market
  11. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook and SWOT Analysis)
    1. Alsa Solar Systems
    2. Suntech Saudi Arabia
    3. Flexshade
    4. Schletter Group
    5. Premier Solar Technologies
    6. SunPower
    7. Enerwhere
    8. Other prominent players
  12. Key Strategic Recommendations
  13. 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 Region
    5. Assumptions & Limitations

 

*Financial information in case of non-listed companies will be provided as per availability

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

 

List of Figures

Figure 1   Saudi Arabia Solar Canopy Carport Market Segmentation

Figure 2   Saudi Arabia Solar Canopy Carport Market Value Chain Analysis

Figure 3   Company Market Share Analysis, 2022

Figure 4   Saudi Arabia Solar Canopy Carport Market Size, By Value (USD Million), 2019−2029

Figure 5   Saudi Arabia Solar Canopy Carport Market Share, By Canopy Type, By Value, 2019−2029

Figure 6   Saudi Arabia Solar Canopy Carport Market Share, By Carport Type, By Value, 2019−2029

Figure 7   Saudi Arabia Solar Canopy Carport Market Share, By Design, By Value, 2019−2029

Figure 8   Saudi Arabia Solar Canopy Carport Market Share, By End User, By Value, 2019−2029

Figure 9   North & Central Saudi Arabia Solar Canopy Carport Market Share, By Region, By Value, 2019−2029

Figure 10 North & Central Saudi Arabia Solar Canopy Carport Market Size, By Value (USD Million), 2019−2029

Figure 11 North & Central Saudi Arabia Solar Canopy Carport Market Share, By Canopy Type, By Value, 2019−2029

Figure 12 North & Central Saudi Arabia Solar Canopy Carport Market Share, By Carport Type, By Value, 2019−2029

Figure 13 North & Central Saudi Arabia Solar Canopy Carport Market Share, By Design, By Value, 2019−2029

Figure 14 North & Central Saudi Arabia Solar Canopy Carport Market Share, By End User, By Value, 2019−2029

Figure 15 Eastern Saudi Arabia Solar Canopy Carport Market Size, By Value (USD Million), 2019−2029

Figure 16 Eastern Saudi Arabia Solar Canopy Carport Market Share, By Canopy Type, By Value, 2019−2029

Figure 17 Eastern Saudi Arabia Solar Canopy Carport Market Share, By Carport Type, By Value, 2019−2029

Figure 18 Eastern Saudi Arabia Solar Canopy Carport Market Share, By Design, By Value, 2019−2029

Figure 19 Eastern Saudi Arabia Solar Canopy Carport Market Share, By End User, By Value, 2019−2029

Figure 20 Western Saudi Arabia Solar Canopy Carport Market Size, By Value (USD Million), 2019−2029

Figure 21 Western Saudi Arabia Solar Canopy Carport Market Share, By Canopy Type, By Value, 2019−2029

Figure 22 Western Saudi Arabia Solar Canopy Carport Market Share, By Carport Type, By Value, 2019−2029

Figure 23 Western Saudi Arabia Solar Canopy Carport Market Share, By Design, By Value, 2019−2029

Figure 24 Western Saudi Arabia Solar Canopy Carport Market Share, By End User, By Value, 2019−2029

Figure 25 Southern Saudi Arabia Solar Canopy Carport Market Size, By Value (USD Million), 2019−2029

Figure 26 Southern Saudi Arabia Solar Canopy Carport Market Share, By Canopy Type, By Value, 2019−2029

Figure 27 Southern Saudi Arabia Solar Canopy Carport Market Share, By Carport Type, By Value, 2019−2029

Figure 28 Southern Saudi Arabia Solar Canopy Carport Market Share, By Design, By Value, 2019−2029

Figure 29 Southern Saudi Arabia Solar Canopy Carport Market Share, By End User, By Value, 2019−2029

List of Tables

Table 1    Saudi Arabia Solar Canopy Carport Market Size, By Canopy Type, By Value, 2019−2029

Table 2    Saudi Arabia Solar Canopy Carport Market Size, By Carport Type, By Value, 2019−2029

Table 3    Saudi Arabia Solar Canopy Carport Market Size, By Design, By Value, 2019−2029

Table 4    Saudi Arabia Solar Canopy Carport Market Size, By End User, By Value, 2019−2029

Table 5    North & Central Saudi Arabia Solar Canopy Carport Market Size, By Region, By Value, 2019−2029

Table 6    North & Central Saudi Arabia Solar Canopy Carport Market Size, By Canopy Type, By Value, 2019−2029

Table 7    North & Central Saudi Arabia Solar Canopy Carport Market Size, By Carport Type, By Value, 2019−2029

Table 8    North & Central Saudi Arabia Solar Canopy Carport Market Size, By Design, By Value, 2019−2029

Table 9    North & Central Saudi Arabia Solar Canopy Carport Market Size, By End User, By Value, 2019−2029

Table 10  Eastern Saudi Arabia Solar Canopy Carport Market Size, By Canopy Type, By Value, 2019−2029

Table 11  Eastern Saudi Arabia Solar Canopy Carport Market Size, By Carport Type, By Value, 2019−2029

Table 12  Eastern Saudi Arabia Solar Canopy Carport Market Size, By Design, By Value, 2019−2029

Table 13  Eastern Saudi Arabia Solar Canopy Carport Market Size, By End User, By Value, 2019−2029

Table 14  Western Saudi Arabia Solar Canopy Carport Market Size, By Canopy Type, By Value, 2019−2029

Table 15  Western Saudi Arabia Solar Canopy Carport Market Size, By Carport Type, By Value, 2019−2029

Table 16  Western Saudi Arabia Solar Canopy Carport Market Size, By Design, By Value, 2019−2029

Table 17  Western Saudi Arabia Solar Canopy Carport Market Size, By End User, By Value, 2019−2029

Table 18  Southern Saudi Arabia Solar Canopy Carport Market Size, By Canopy Type, By Value, 2019−2029

Table 19  Southern Saudi Arabia Solar Canopy Carport Market Size, By Carport Type, By Value, 2019−2029

Table 20  Southern Saudi Arabia Solar Canopy Carport Market Size, By Design, By Value, 2019−2029

Table 21  Southern Saudi Arabia Solar Canopy Carport Market Size, By End User, By Value, 2019−2029

Table 22  Alsa Solar Systems Company Overview

Table 23  Alsa Solar Systems Financial Overview

Table 24  Suntech Saudi Arabia Company Overview

Table 25  Suntech Saudi Arabia Financial Overview

Table 26  Flexshade Company Overview

Table 27  Flexshade Financial Overview

Table 28  Schletter Group Company Overview

Table 29  Schletter Group Financial Overview

Table 30  Premier Solar Technologies Company Overview

Table 31  Premier Solar Technologies Financial Overview

Table 32  SunPower Company Overview

Table 33  SunPower Financial Overview

Table 34  Enerwhere Company Overview

Table 35  Enerwhere Financial Overview

 

Market Segmentation

No data available
No data available

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Frequently Asked Questions (FAQs):

Ans: Major factors driving the growth of Saudi Arabia Solar Canopy Carport Market include rising demand for electric vehicle, growing demand due to high fuel prices and increase in demand for residential use.
Ans: Saudi Arabia Solar Canopy Carport Market size was estimated at USD 13.69 million in 2022.
Ans: The cantilever design segment is expected to hold the highest market share in the Saudi Arabia Solar Canopy Carport Market by design.
Ans: The 2-row dual slope vehicle arrangement segment is expected to hold the highest market share in the Saudi Arabia Solar Canopy Carport Market by carport type.
Ans: Key players in Saudi Arabia Solar Canopy Carport Market include Alsa Solar Systems, Suntech Saudi Arabia, Flexshade, Schletter Group, Premier Solar Technologies, SunPower, and Enerwhere.