Japan Solar Carport Market; By Application Type: (Commercial and Residential); By Technology Type (Crystalline Silicon, Thin Film); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030
Solar carports are overhead panels designed for parking spaces and are different from the panels mounted on the existing system of carports. Solar carports have several features common to with solar panels that are placed on the ground rather than on the roof, and are angled panel modules. Solar Carport is a kind of carport with a solar cell built on top. It is another form of solar units.
This report anticipates the Japan Solar Carport Market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. According to the report, increasing the emissions of the atmosphere and offering policy incentives and tax rebates for installation of solar panels at car parking areas contribute to growth of the Solar carports.
Japan Solar Carport Market: Segments
Japan market has been segmented on the basis of technology type, application type, and by location. It has been further segmented by countries into eastern, western, northern and southern region.
By Technology Type (in %), Japan Solar Carport Market, 2019
Thin Film dominated the market and accounted for largest market share in 2019
Crystalline Silicon is poised to grow at a highest CAGR over the projected timeframe
Japan Solar Carport Market is segmented by technology type into: Crystalline Silicon, Thin Film.
Due to its compact nature, high durability and development of versatile, lightweight materials, the thin film segment kept a predominant market share of about two fifth in 2019. The main applications for commercial and utility-scale projects in thin-film solar PV carport panels are as lightweight panels minimize installation costs. With the economical installation, a lower performance of thin-film solar PV panels is balanced.
Japan Solar Carport Market: Market Dynamics
• Reduced Cost and Residential Application
In residential car parking applications, there is a rising demand for solar panels. Prices for major components like silver and polysilicon which are used to produce solar carport cells have dropped dramatically. No noise is created by solar panels and no emissions are made.
• High Initial Cost
Solar power operates without a storage system like a battery and therefore, does not work at night. The working of solar panels during daylight can be disrupted by changing weather patterns and rainy weather. Solar technology is costly, too. The high installation cost of the initial set up may limit to some extent the growth of solar carport panels.
Japan Solar Carport Market: Regions
Based on region the Japan Solar Carport Market is segmented into Eastern Japan, Northern Japan, Western Japan and Southern Japan. The regional growth is anticipated owing to the involvement of major market players and favorable government subsidizing policies and financial incentives in PV ventures. Increased application of electric cars in regions like Japan and Europe is anticipated to fuel the market growth in the region. The Japanese solar carport market has traditionally been powered by policy and academic incentives and by legislative and physical constraints for customers’ rooftop systems. With a continuous decline in the average system price of solar carports, commercial solar technology companies may give consumers an increased value in the form of large scale projects and more energy savings.
The region segment can be further divided into four major types including Eastern Japan, Northern Japan, Western Japan and Southern Japan.
Japan Solar Carport Market: Competitive landscape
The focus of the markets is on growing their share by means of mergers and acquisition. In order to broaden their market range by creating cost effectively-efficient products with improved properties, industry leaders concentrate on research and development activities. Therefore, manufacturers plan to increase their production capacity in order to meet the growing demand for goods. The key players are spread across the globe and prefer to carry out their activities through joint ventures.
Japan Solar Carport Market: Key Players
• AG Japan
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Ecolohas Japan
• Japan Energy Holdings
• Japan Cleantech
• Leapton Energy
• Nichiei Intec
• Kokko Shisetsu Kogyo Co Ltd (Chuo, Japan)
• Uematsu-Grp Co
• Other prominent players
Japan Solar Carport Market report also contains analysis on:
Japan Solar Carport Market Segments:
o By Application type:
o By Technology type:
• Japan Solar Carport Market Dynamics
• Japan Solar Carport Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints