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 fueling 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.
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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 $6,210,350 as of 31 December 2020, which is more than 21% of the total revenue of the company in 2019.
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Segmental Outlook
The global solar carport charging station market is segmented based on type and application. Based on the type, the market is segmented into medium & small solar carport charging stations and large solar carport charging stations. Based on the application, the market is sub-segmented into the household and commercial. Based on type, medium and small solar carport charging stations is expected to hold major share in the market.
Market Players Outlook
The major companies serving the global solar carport charging station market include Beam Global, GE Group, Solarsense UK Ltd., Standard Solar, Inc., SunPower Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2019, Comcast and SunPower completed its 1,1701-panel carport solar installation to support power Comxcast’s regional call center at 35 Resnik Road in Plymouth. The system can generate enough onsite clean energy to offset more than 95% of the facility’s annual energy consumption.
by Type (Medium & Small Solar Carport Charging Station and Large Solar Carport Charging Station)
by Application (Household and Commercial)
The Report Covers
Market value data analysis of 2021 and forecast to 2028.
Annualized market revenues ($ 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.
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