Market Overview:
The global solar canopy market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources and the growing awareness about the benefits of using solar energy. The global solar canopy market is segmented on the basis of type, application, and region. On the basis of type, it is divided into thin film and crystalline silicon. Thin film dominates this market owing to its low cost and easy installation process as compared to crystalline silicon. Crystalline silicon is more efficient than thin film but its high cost restrains its adoption in developing countries. By application, it can be classified into non-profit and commercial segments. Non-profit applications are used mainly for providing shade or shelter whereas commercial applications are used for generating electricity or heating water systems. Commercial segment dominates this market due to rising demand from industrial sectors such as hotels, hospitals, data centers etc.
Product Definition:
A solar canopy is a large roof-like structure that houses solar panels. It can be used to provide shade for people or parking spaces, or to generate electricity from the sun's rays. The importance of solar canopies lies in their ability to increase the amount of renewable energy generated in a given area, while also reducing greenhouse gas emissions.
Thin Film:
Thin film is a very small layer of material, which is applied between two layers of different materials. It can be applied to glass, plastic or metal. Thin films are used in solar canopies on account of their several properties such as high optical quality and efficiency along with low weight & cost compared to conventional solar panels.
Crystalline Silicon:
Crystalline silicon is a very pure form of the element, which is obtained from the fusion in the presence of intense heat and pressure. It has a composition similar to that of graphite. The material has high thermal conductivity and low emissivity, which makes it ideal for solar canopies as they are required to have lower emissions in order to qualify for lucrative government incentives.
The global crystalline silicon market size was valued at USD 2 billion in 2015.
Application Insights:
The non-profit application segment accounted for the largest share of over 70.0% in 2017. Non-profit applications include educational institutes, research centers and hospitals, social service organizations, government offices and public buildings such as malls and stadiums. The commercial application segment is expected to witness the fastest growth rate over the forecast period owing to rising demand from retail stores across countries such as China, India, South Korea Japan Australia Mexico Brazil Germany France Canada U.K., Italy Russia Spain Rest Of Europe). Canopies are used by commercial establishments including restaurants for offering outdoor dining experience to their customers thereby driving product demand in this segment. Growing number of commercial facilities such as shopping malls theaters auditoriums libraries & museums are also anticipated to contribute towards market growth during the estimated period (2018 - 2030).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 35% in 2017 owing to high product demand from residential as well as commercial applications. Increasing penetration of solar energy coupled with growing awareness regarding its environmental benefits is projected to drive industry growth over the coming years.
The European market was valued at USD X million in 2017 and is anticipated to witness significant growth over the forecast period, registering a CAGR of XX%. Growing adoption rates of renewable energy sources such as solar power are expected to propel industry expansion across this region. Germany emerged as one of the major countries driving regional growth through increased investments in thin film technology development programs along with other initiatives taken by government bodies for promoting clean energy technologies across Europe.
North America occupied a significant share within the global Thin Film Solar Canopy Market and was valued at USD X million in 2016, wherein U.
Growth Factors:
- Increasing demand for solar energy due to global warming and climate change
- Government initiatives and subsidies for installation of solar panels
- Rising cost of electricity from conventional sources
- Availability of finance options for consumers to install solar canopy systems
- Technological advancements that have made solar energy more efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Solar Canopy Market Research Report
By Type
Thin Film, Crystalline Silicon
By Application
Non-profit, Commercial
By Companies
Trina Solar, Jinko Solar, SunPower, First Solar, Solarworld, JA Solar, Tesla, Yingli, REC Group, ReneSola, Canadian Solar, Upsolar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Solar Canopy Market Report Segments:
The global Solar Canopy market is segmented on the basis of:
Types
Thin Film, Crystalline Silicon
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Non-profit, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Trina Solar
- Jinko Solar
- SunPower
- First Solar
- Solarworld
- JA Solar
- Tesla
- Yingli
- REC Group
- ReneSola
- Canadian Solar
- Upsolar
Highlights of The Solar Canopy Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thin Film
- Crystalline Silicon
- By Application:
- Non-profit
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solar Canopy Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solar Canopy is a company that manufactures and sells solar panels.
Some of the major players in the solar canopy market are Trina Solar, Jinko Solar, SunPower, First Solar, Solarworld, JA Solar, Tesla, Yingli, REC Group, ReneSola, Canadian Solar, Upsolar.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solar Canopy Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solar Canopy Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solar Canopy Market - Supply Chain
4.5. Global Solar Canopy Market Forecast
4.5.1. Solar Canopy Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solar Canopy Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solar Canopy Market Absolute $ Opportunity
5. Global Solar Canopy Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solar Canopy Market Size and Volume Forecast by Type
5.3.1. Thin Film
5.3.2. Crystalline Silicon
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solar Canopy Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solar Canopy Market Size and Volume Forecast by Application
6.3.1. Non-profit
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solar Canopy Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solar Canopy Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solar Canopy Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solar Canopy Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solar Canopy Demand Share Forecast, 2019-2026
9. North America Solar Canopy Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solar Canopy Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solar Canopy Market Size and Volume Forecast by Application
9.4.1. Non-profit
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solar Canopy Market Size and Volume Forecast by Type
9.7.1. Thin Film
9.7.2. Crystalline Silicon
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solar Canopy Demand Share Forecast, 2019-2026
10. Latin America Solar Canopy Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solar Canopy Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solar Canopy Market Size and Volume Forecast by Application
10.4.1. Non-profit
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solar Canopy Market Size and Volume Forecast by Type
10.7.1. Thin Film
10.7.2. Crystalline Silicon
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solar Canopy Demand Share Forecast, 2019-2026
11. Europe Solar Canopy Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solar Canopy Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solar Canopy Market Size and Volume Forecast by Application
11.4.1. Non-profit
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solar Canopy Market Size and Volume Forecast by Type
11.7.1. Thin Film
11.7.2. Crystalline Silicon
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solar Canopy Demand Share, 2019-2026
12. Asia Pacific Solar Canopy Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solar Canopy Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solar Canopy Market Size and Volume Forecast by Application
12.4.1. Non-profit
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solar Canopy Market Size and Volume Forecast by Type
12.7.1. Thin Film
12.7.2. Crystalline Silicon
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solar Canopy Demand Share, 2019-2026
13. Middle East & Africa Solar Canopy Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solar Canopy Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solar Canopy Market Size and Volume Forecast by Application
13.4.1. Non-profit
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solar Canopy Market Size and Volume Forecast by Type
13.7.1. Thin Film
13.7.2. Crystalline Silicon
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solar Canopy Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solar Canopy Market: Market Share Analysis
14.2. Solar Canopy Distributors and Customers
14.3. Solar Canopy Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Trina Solar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Jinko Solar
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SunPower
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. First Solar
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Solarworld
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. JA Solar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Tesla
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Yingli
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. REC Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ReneSola
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Canadian Solar
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Upsolar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
