Solar vehicle is the type of electric vehicle which is run on only power from the sun. These vehicles are equipped with photovoltaic cell, which is installed in solar panels, and they are responsible to convert solar energy to electric energy. In a solar vehicle electrical energy is stored into battery of vehicle. Basically, solar panels are made up with silicone, which absorbs heat and that heat is convert into electrical energy. Rise in adoption of advanced technology for vehicles, the demand for solar vehicles is increased which is expected to grow the solar vehicle market growth, across the globe.
Increase in environmental concerns has resulted in rise in acceptance of eco-friendly vehicles is the key driving factor, which is expected to boost the global solar vehicle market growth. Furthermore, rise in government initiatives, and investments are expected to propel the global solar vehicle market growth. Also, decreased prices of components used in integration and development of solar vehicles will have the positive impact on growth of global solar vehicle market, over the forecast period. Moreover increase in product launch activities is expected to fuel the market growth. For instance, in August 2019, Hyundai hand launched its new vehicle with roof based solar charging technology. In which roof of the vehicle is equipped with solar panels.
However, less operation efficiency and solar vehicles coupled with high cost and lack of standardization are the challenging factor for market growth which are expected to hamper the global solar vehicle market, during this forecast period.
Global Solar Vehicle Market is segmented into electric vehicle such as Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV), and Battery Electric Vehicle, by battery type such as Lead Carbon, Lead Acid, and Lead Ion. Further, Global Solar Vehicle Market is segmented into solar panel such as Polycrystalline, and Monocrystalline, by vehicle type such as Passenger Vehicle, and Commercial Vehicle.
Also, Global Solar Vehicle Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Hyundai Motor Company, Lightyear, Alke, Solar Electric Vehicle Company, Hanergy Thin Film Power Group, Sono motors, Mahindra & Mahindra, Ford, Toyota Motor Corporation, and Volkswagen AG.
1.1. Market Taxonomy
2. Global Solar Vehicle Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
3. Market Background
3.1. Forecast Factor
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Trends
4. Global Solar Vehicle Market Snapshot
5. Global Solar Vehicle Market Analysis, By Electric Vehicle
5.1. Y-o-Y Growth Comparison, By Electric Vehicle
5.2. Global Solar Vehicle Market Share Analysis, By Electric Vehicle
5.3. Global Solar Vehicle Market Size and Forecast, By Electric Vehicle
5.3.1 Plug-in Hybrid Electric Vehicle (PHEV)
5.3.2 Hybrid Electric Vehicle (HEV)
5.3.3 Battery Electric Vehicle
6. Global Solar Vehicle Market Analysis, By Battery Type
6.1. Y-o-Y Growth Comparison, By Battery Type
6.2. Global Solar Vehicle Market Share Analysis, By Battery Type
6.3. Global Solar Vehicle Market Size and Forecast, By Battery Type
6.3.1Lead Carbon
6.3.2 Lead Acid
6.3.3 Lead Ion
7. Global Solar Vehicle Market Analysis, By Solar Panel
7.1. Y-o-Y Growth Comparison, By Solar Panel
7.2. Global Solar Vehicle Market Share Analysis, By Solar Panel
7.3. Global Solar Vehicle Market Size and Forecast, By Solar Panel
7.3.1 Polycrystalline
7.3.2 Monocrystalline
8. Global Solar Vehicle Market Analysis, By Vehicle Type
8.1. Y-o-Y Growth Comparison, By Vehicle Type
8.2. Global Solar Vehicle Market Share Analysis, By Vehicle Type
8.3. Global Solar Vehicle Market Size and Forecast, By Vehicle Type
8.3.1 Passenger Vehicle
8.3.2Commercial Vehicle
9. Global Solar Vehicle Market Analysis, By Region
9.1. Y-o-Y Growth Comparison, By Region
9.2. Global Solar Vehicle Market Share Analysis, By Region
10. North America Solar Vehicle Market Analysis and Forecast (2017-2030)
10.1 Introduction
10.2 North America Solar Vehicle Market Analysis, By Electric Vehicle
10.3North America Solar Vehicle Market Analysis, By Battery Type
10.4North America Solar Vehicle Market Analysis, By Solar Panel
10.5North America Solar Vehicle Market Analysis, By Vehicle Type
10.6 North America Solar Vehicle Market Analysis, By Country
10.6.1USA
10.6.2 Canada
10.6.3 Mexico
11. Europe Solar Vehicle Market Analysis and Forecast (2017-2030)
11.1 Introduction
11.2 Europe Solar Vehicle Market Analysis, By Electric Vehicle
11.3 Europe Solar Vehicle Market Analysis, By Battery Type
11.4 Europe Solar Vehicle Market Analysis, By Solar Panel
11.5 Europe Solar Vehicle Market Analysis, By Vehicle Type
11.6 Europe Solar Vehicle Market Analysis, By Country
11.6 .1Germany
11.6 .2 France
11.6 .3 UK
11.6 .4 Rest of Europe
12. Asia Pacific Solar Vehicle Market Analysis and Forecast (2017-2030)
12.1 Introduction
12.2 Asia Pacific Solar Vehicle Market Analysis, By Electric Vehicle
12.3Asia Pacific Solar Vehicle Market Analysis, By Battery Type
12.4Asia Pacific Solar Vehicle Market Analysis, By Solar Panel
12.5 Asia Pacific Solar Vehicle Market Analysis, By Vehicle Type
12.6 Asia Pacific Solar Vehicle Market Analysis, By Country
12.6.1China
12.6.2 India
12.6.3 Japan
12.6.4 Rest of Asia Pacific
13. Latin America Solar Vehicle Market Analysis and Forecast (2017-2030)
13.1 Introduction
13.2 Latin America Solar Vehicle Market Analysis, By Electric Vehicle
13.3Latin America Solar Vehicle Market Analysis, By Battery Type
13.4Latin America Solar Vehicle Market Analysis, By Solar Panel
13.54Latin America Solar Vehicle Market Analysis, By Vehicle Type
14. Middle East & Africa Solar Vehicle Market Analysis and Forecast (2017-2030)
14.1 Introduction
14.2 Middle East & Africa Solar Vehicle Market Analysis, By Electric Vehicle
14.3Middle East & Africa Solar Vehicle Market Analysis, By Battery Type
14.4Middle East & Africa Solar Vehicle Market Analysis, By Solar Panel
14.5Middle East & Africa Solar Vehicle Market Analysis, By Vehicle Type
15. Competition Analysis
15.1 Competition Dashboard
15.2Market Share Analysis of Top Vendors
15.3 Key Development Strategies
16. Company Profiles
16.1 Hyundai Motor Company
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financial
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Lightyear
16.3 Alke
16.4 Solar Electric Vehicle Company
16.5 Hanergy Thin Film Power Group
16.6 Sono motors
16.7 Mahindra & Mahindra
16.8 Ford
16.9 Toyota Motor Corporation
16.10 Volkswagen AG
