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Global Solar Panel for Electric Vehicle and Chargers Market Research Report: Forecast (2021-2026)

  • ID: 5439585
  • Report
  • June 2021
  • Region: Global
  • 245 pages
  • MarkNtel Advisors LLP

FEATURED COMPANIES

  • Beam Global
  • Electrify America
  • Hanergy the Film Power
  • MyEnergi Ltd.
  • Power-Sonic
  • Toyota Motor Corporation
  • MORE

Market Overview


Solar panels in electric vehicles (EVs) primarily provide power to ancillary systems or a vehicle's battery.

According to the publishers’ research report, “Global Solar Panel for Electric Vehicles and Chargers Market, 2021,” the market is likely to grow at a CAGR of around 35% during 2021-26. It attributes to low prices associated with solar charging and surging research and development activities for developing more advanced electric vehicles. Further, burgeoning concerns regarding environmental pollution also fuel the demand for solar panels in electric vehicle charging. Besides, a solar panel for EVs is considered an energy-efficient source for charging, thereby fueling the growth of the Solar Panel for Electric Vehicles and Chargers Market.

Impact of COVID-19


The sudden outbreak of the COVID-19 pandemic has adversely affected the Global Solar Panel for Electric Vehicles and Chargers Market due to the lockdown imposed and restrictions on cross-border trade, disrupting the supply chain. Further, the temporary shutdown of large-scale manufacturing units and assembly plants throughout the world has negatively affected the production of solar panels.

The imposition of lockdown and stringent restriction rules undertaken by the government negatively influenced the overall growth of the automotive industry. However, as the government has started relaxing norms for resuming business activities, the Global Solar Panel for Electric Vehicles and Chargers Market is very likely to witness substantial growth in the forecast period.

Market Segmentation


Passenger Electric Vehicles Accounted for the Largest Market Share


Based on the Vehicle Type, the market segments into Passenger Electric vehicles, Commercial Electric vehicles, and Electric two-wheelers& three-wheelers. Among these segments, the Passenger Electric vehicles acquired the largest share in the Global Solar Panel for Electric Vehicles and Chargers Market in the past few years.

It owes to changing consumer lifestyles and their burgeoning purchase power, which aids the sales of premium passenger electric cars. Additionally, the efficiency of the solar-powered electric car is very high, thereby fueling the segment growth and driving the overall market, cites the authors in their research report, “Global Solar Panel for Electric Vehicles and Chargers Market, 2021.”

Level 2 Dominated the Market


Based on Changing Levels, the market bifurcates into Level 1, Level 2, and Level 3. Of these levels, Level 2 captured a significant share in the Global Solar Panel for Electric Vehicles and Chargers Market in the previous few years. The segment growth owes to the surging government focus on public & semi-public charging stations for providing services like overnight charging. In addition to this, rising consumer preference to use Level 2 chargers as private charging stations at their home is another prime factor propelling the segment growth.

Regional Landscape


Asia-Pacific Region Attained the Highest Market Share


Geographically, Asia-Pacific held the largest share in the Global Solar Panel for Electric Vehicles and Chargers Market in the previous few years. It owes to the burgeoning demand for electric vehicles in the emerging countries of the region. Additionally, the mounting purchasing power of the middle-class populace further aids the sales of EVs in Asa-Pacific, which, in turn, fuels the demand for solar panels for charging the vehicle.

Further, the availability of economic labor is beneficial to expand the automobile industry in the region, thereby helping in propelling the growth of the Solar Panel for Electric Vehicles and Chargers Market.

Market Driver


Low Charging Cost Boost the Market Growth


One of the most crucial factors driving the Solar Panel for Electric Vehicles and Chargers Market is the surging prices of petroleum products. Consumers from various emerging countries are adversely affected by the high cost of petrol. Therefore, the demand for a solar-powered electric vehicle is significantly rising across the globe. Additionally, solar panels are the energy-efficient source of charging, thereby positively influencing the market growth.

Competitive Landscape


According to the publishers, the major leading players in the Global Solar Panel for Electric Vehicles and Chargers Market are Electrify America, Beam Global, Ovo Energy Ltd., ChargedEv, MyEnergi Ltd., WallBox Chargers, S.L., Empower Solar, Power-Sonic, Hanergy the Film Power, Wiocor Ltd., Lightyear One, Sono Motors GmbH, Vivint Solar, Toyota Motor Corporation, and Off-Grid Installer Limited.

Key Questions Answered in the Market Research Report:


1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Solar Panel for Electric Vehicles and Chargers Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Solar Panel for Electric Vehicles and Chargers Market?
4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Solar Panel for Electric Vehicles and Chargers Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Solar Panel for Electric Vehicles and Chargers Market study?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Beam Global
  • Electrify America
  • Hanergy the Film Power
  • MyEnergi Ltd.
  • Power-Sonic
  • Toyota Motor Corporation
  • MORE
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation

2. Preface

3. Executive Summary

4. Impact of COVID-19 on Global Solar Panel for Electric Vehicles and Chargers Market

5. Global Electric Vehicle Production Outlook, By Region
5.1. North America
5.2. Asia Pacific
5.3. Europe

6. Global Solar Panel for Electric Vehicles and Chargers Market Trends & Insights

7. Global Solar Panel for Electric Vehicles and Chargers Market Dynamics
7.1. Drivers
7.2. Challenges
7.3. Impact Analysis

8. Global Solar Panel for Electric Vehicles and Chargers Market Hotspot & Opportunities

9. Global Solar Panel for Electric Vehicles and Chargers Market Regulations, Policies, Product Benchmarks

10. Global Solar Panel for Electric Vehicles and Chargers Market Analysis, 2016-2026F
10.1. Market Size & Analysis
10.2. Market Share & Analysis

11. North America Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
11.1. Market Size & Analysis
11.2. Market Share & Analysis
11.3. By Country

12. The US Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
12.1. Market Size & Analysis
12.2. Market Share & Analysis

13. Canada Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
13.1. Market Size & Analysis
13.2. Market Share & Analysis

14. Mexico Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
14.1. Market Size & Analysis
14.2. Market Share & Analysis

15. South America Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
15.1. Market Size & Analysis
15.2. Market Share & Analysis

16. Europe Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
16.1. Market Size & Analysis
16.2. Market Share & Analysis
16.3. Germany Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
16.4. The UK Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
16.5. France Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F

17. Middle East & Africa Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
17.1. Market Size & Analysis
17.2. Market Share & Analysis

18. Asia Pacific Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
18.1. Market Size & Analysis
18.2. Market Share & Analysis
18.3. India Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
18.4. Japan Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
18.5. China Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F
18.6. South Korea Solar Panel for Electric Vehicles and Chargers Market Outlook, 2016-2026F

19. Key Strategic Imperatives for Success and Growth

20. Competition Outlook
20.1. Competition Matrix
20.2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)

21. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Electrify America
  • Beam Global
  • Ovo Energy Ltd.
  • ChargedEv
  • MyEnergi Ltd.
  • WallBox Chargers S.L.
  • Empower Solar
  • Power-Sonic
  • Hanergy the Film Power
  • Wiocor Ltd.
  • Lightyear One
  • Sono Motors GmbH
  • Vivint Solar
  • Toyota Motor Corporation
  • Off-Grid Installer Limited
Note: Product cover images may vary from those shown
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