US Solar Carport Market Poised for Record Year, Continued Growth
Annual installations will exceed 100 megawatts for the fourth consecutive year.
According to the latest report from GTM Research, U.S. Solar Carport Market 2014-2018: Landscape, Outlook and Leading Companies (http://www.greentechmedia.com/
FIGURE: U.S. Solar Carport Market Installations, 2010 to 2018E
Source: U.S. Solar Carport Market 2014-2018: Landscape, Outlook and Leading Companies
“The U.S. solar carport market has historically been driven by solar incentives dedicated to government and educational entities coupled with physical and regulatory limitations for rooftop systems for these customers,” said report author Scott Moskowitz. “With the average system price of solar carports continuing to fall, commercial solar developers can offer increased value to customers in the form of larger project sizes and greater electricity savings.”
The report notes that solar carport installations in California have historically represented more than half of the national market, with lower penetration levels nationwide. While California will continue to anchor the national market, new state markets on the East Coast are emerging despite higher costs. GTM Research expects continued growth in California, along with market recoveries in Arizona and New Jersey, to drive the market value of solar carports to $843 million in 2016.
The promising market opportunity has led to an increasingly crowded U.S. solar carport vendor landscape, with pure-play carport manufacturers and vertically integrated developers competing with new entrants from traditional PV mounting solution suppliers.
FIGURE: U.S. Solar Carport Vendor Landscape
Source: U.S. Solar Carport Market 2014-2018: Landscape, Outlook and Leading Companies (http://www.greentechmedia.com/
“The vendor and developer landscape for PV carports is growing more complex as companies optimize their strategies to meet a challenging pricing environment,”
By 2016, GTM Research expects the total market value of the U.S. solar carport market to reach $843 million.
For more information on the report, visit http://www.greentechmedia.com/