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Solar Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • ID: 5021683
  • Report
  • April 2020
  • Region: Global
  • 106 pages
  • IMARC Group
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FEATURED COMPANIES

  • Cruise Car
  • Ford
  • General Motors
  • Jinko Solar
  • Lightyear
  • Mahindra & Mahindra
  • MORE
The global solar vehicle market is currently witnessing robust growth. Solar vehicles can be defined as electric automobiles that run on solar energy by using photovoltaic (PV) cells to convert energy from sunlight to electricity. These vehicles have either monocrystalline or polycrystalline panels and are available in two kinds: hybrid and electric. The hybrid variants run on an internal combustion engine (ICE) and an electric motor. Whereas, the electric variants run only on electric motors and store power in rechargeable batteries. These solar-powered vehicles are highly cost-effective and aid in minimizing both environmental and noise pollution.

Growing environmental consciousness across the globe is one of the primary factors driving the market growth. Governments of both developed and emerging economies are increasingly focusing on efforts and undertaking initiatives to minimize vehicular pollution. Consequently, automobile manufacturers are emphasizing on developing sustainable vehicles that reduce the overall dependence on fossil fuels and can operate on clean and renewable sources of energy. Furthermore, the widespread adoption of electric vehicles (EVs) is also providing a boost to the market growth. Additionally, various technological advancements, including the development of automated solar sunroofs that can minimize the time required for charging the vehicle, are also creating a positive outlook for the market growth. Other factors, including the rising demand for fuel-efficient automobiles and research and development (R&D) activities for developing innovative technologies to harness solar energy, are projected to drive the market further. Looking forward, the publisher expects the market to register a CAGR of more than 30% during 2020-2025.

Breakup by Propulsion Type:

BEV
HEV
PHEV

Breakup by Vehicle Type:

Passenger Cars
Industrial Utility Vehicles
Commercial Vehicles
Commercial Turf Utility Vehicles
Golf Cars
Others

Breakup by Battery Type:

Lithium-ion
Lead-Acid
Others

Breakup by Solar Panel Type:

Monocrystalline
Polycrystalline

Breakup by Charging Type:

Slow Charging
Fast Charging

Breakup by Region:

North America
United States
Canada

Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others

Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America
Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Cruise Car, Ford, General Motors, Hanergy Thin Film Power Group, Jinko Solar, Lightyear, Mahindra & Mahindra, Nissan, Solar Electric Vehicle Company, Sono Motors, Toyota, Trina Solar, Volkswagen Ltd., etc.

Key Questions Answered in This Report:
  • How has the global solar vehicle market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the propulsion type?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the battery type?
  • What is the breakup of the market based on the solar panel type?
  • What is the breakup of the market based on the charging type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global solar vehicle market and who are the key players?
  • What is the degree of competition in the industry?
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cruise Car
  • Ford
  • General Motors
  • Jinko Solar
  • Lightyear
  • Mahindra & Mahindra
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Solar Vehicle Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast

6 Market Breakup by Propulsion Type
6.1 BEV
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 HEV
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 PHEV
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Vehicle Type
7.1 Passenger Cars
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Industrial Utility Vehicles
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Commercial Vehicles
7.3.1 Market Trends
7.3.2 Major Types
7.3.2.1 Commercial Turf Utility Vehicles
7.3.2.2 Golf Cars
7.3.2.3 Others
7.3.3 Market Forecast

8 Market Breakup by Battery Type
8.1 Lithium-ion
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Lead-Acid
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Lead carbon
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Solar Panel Type
9.1 Monocrystalline
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Polycrystalline
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Charging Type
10.1 Slow Charging
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Fast Charging
10.2.1 Market Trends
10.2.2 Market Forecast

11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast

12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
132.5 Threats

13 Value Chain Analysis
13.1 Overview
13.2 Inbound Logistics
13.3 Operations
13.4 Outbound Logistics
13.5 Marketing and Sales
13.6 Post Sales Services

14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 Price Indicators
15.1 Key Price Indicators
15.2 Price Structure
15.3 Price Trends

16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Cruise Car
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Ford
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 General Motors
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Hanergy Thin Film Power Group
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Jinko Solar
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Lightyear
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Mahindra & Mahindra
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Nissan
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Solar Electric Vehicle Company
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Sono Motors
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.11 Toyota
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Trina Solar
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.13 Volkswagen
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
Note: Product cover images may vary from those shown
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  • Cruise Car
  • Ford
  • General Motors
  • Hanergy Thin Film Power Group
  • Jinko Solar
  • Lightyear
  • Mahindra & Mahindra
  • Nissan
  • Solar Electric Vehicle Company
  • Sono Motors
  • Toyota
  • Trina Solar
  • Volkswagen Ltd.
Note: Product cover images may vary from those shown
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