(MENAFN- EIN Presswire) Solar Carport Charging Station Market
Moreover, the high cost associated with electric vehicle charging equipment is a major factor that restricts the market growth.
OREGAON, PORTLAND, UNITED STATES , May 10, 2023 /einpresswire.com / -- Key benefits of the report:
◾This study presents the analytical depiction of the solar carport charging station market along with current trends and future estimations to determine the imminent investment pockets.
◾The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the solar carport charging station market share.
◾The current market is quantitatively analyzed to highlight the solar carport charging station market scenario.
◾Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
◾The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.
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As per the report published by Allied Market Research, the global " Solar Carport Charging Station Market by Type (Medium and Small Solar Carport Charging Station, Large Solar Carport Charging Station) and by Application (Household, Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2032" Solar carport charging station is a solar system mounted on carports or canopies for homes and businesses that make effective use of unused outside and parking lot space for power generation. These grid-tied solar systems can help offset power use from electric vehicle car charging. The electric vehicle charging system can have up to 14 kW solar power, which is further used for homes, office buildings & business parks, apartment buildings, condominiums, and multi-unit dwellings. Therefore, increase indemand for electric vehicles is expected to boost the demand for solar carport charging stationsover the forecast period.
Government encouragement to shift toward E-vehicle - To ensure that more people buy electric vehicles, governments across the globe have introduced various subsidies in the form of exemption from paying taxes related to vehicles. Governments play a major role as they mandate policies to adopt electric vehicles and develop charging infrastructure along with spreadawareness among people about the advantages of using these vehicles. Therefore, this has tremendously driventhe market growth and is expected to continue over the forecast period.
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Top impacting factors - Increase in demand for electric vehicles and the government's encouragement to shift toward e-vehicle areexpected to spur the demand for solar carport charging stationsover the forecast period. Moreover, the high cost associated with electric vehicle charging equipment is a major factor that restricts the market growth. Furthermore, deployment of vehicle-to-grid (V2G) technology is expected to offer lucrative opportunities for the market growth overthe forecast period.
Awareness about the damage caused to the environment and rapid increase in usage of combustion engines are the major effects that are witnessedto curb environmental degradation. Therefore, the e-vehicle market is considered to be the future of the automobile industry as many customers are shifting to electric vehicles.Their economical and eco-friendly nature is expected to further boostthe solar carport charging station market over the forecast period.
Leading players of the global Solar Carport Charging Station industry analyzed in the research includeEnvision Solar, SunPower, Standard Solar, SolarWing, Sundial Energy, S: FLEX, Solarsense, SUNWORX, Solar Electric, Supply, Giulio Barbier
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Questions answered
Q1. Which are the leading market players active in the market?
Q2. What are the current trends that will influence the market in the next few years?
Q3. What are the driving factors, restraints, and opportunities of the market?
Q4. What are the projections for the future that would help in taking further strategic steps?
David Correa
Allied Analytics LLP
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