Global Solar Vehicle Market size was valued at US$ 220.99 Mn. in 2021 and the total revenue is expected to grow at 7.8 % through 2022 to 2029, Solar Vehicle Market is reaching nearly US$ 403.01 Mn. by 2029.
Solar Vehicle Market Overview
The global Solar Vehicle Market by Manufacturers, Regions, Type and Application, forecast to 2029, published by Maximize Market Research, is the culmination of extensive primary and secondary research. The study includes ever-changing trends, the industry environment, and all of the Market’s leading elements. The research approach was used to investigate the global Solar Vehicle Market, and the results have been logically presented in the report.
To remain ‘ahead’ of your competitors, request for a sample: https://www.maximizemarketresearch.com/request-sample/32147Â
Solar Vehicle Market Report Scope and Research Methodology
The drivers, restraints, product developments, technical advancements, Market opportunities, restrictions, growth strategies, and Market prospects, with the forecast period, are briefly covered in the global Solar Vehicle Market report. The report offers an in-depth analysis of the industry, including key figures such as Solar Vehicle Market size, Market share, revenue growth, and CAGR for the forecast period (2022 to 2029). The analysis by Maximize Market Research focuses on the most important regional Solar Vehicle Market share data. The research also includes a full geographical analysis of the Solar Vehicle industry, highlighting the industry’s growth potential and Market hurdles in each of the regions. The report contains a detailed regional Market player analysis of the Solar Vehicle industry, with an emphasis on business growth opportunities and Market hurdles in each of the major regions in the world. SWOT analysis was employed to provide the strengths, weaknesses, opportunities and threats in the Solar Vehicle Market.
Solar Vehicle Market Regional Insights
Geographically, the report is segmented into several key countries, with Solar Vehicle Market size, growth rate, import and export of Market in these countries, which cover North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and the Middle East and Africa.
Market Segmentation
The market is divided into three subsectors based on the kind of battery: lithium-ion battery, lead acid battery, and lead carbon battery. More than half of the market share is estimated to belong to the lithium ion sector in 2021, and it’s anticipated that it will continue to hold the top spot until 2029. This is because these batteries have a lengthy lifespan. However, from 2022 to 2029, the lead carbon category is predicted to increase at the fastest pace of 45.7%.
The market is divided into two sub-segments based on vehicle type: passenger cars and commercial vehicles. Passenger cars dominate the solar-powered vehicle market. Concept vehicles and early prototypes from many automakers are now on display. The Netherlands business Light-year created the “Light-year One,” a solar-powered electric automobile with charging panels on the top and bonnet.
The car is expected to go into production in 2021, with a starting price of about USD 149,000. The Sion solar electric car, which can be charged by the grid or solar cells, has been introduced by German startup Sono Motors. The company claims that the car will be produced by the end of 2022. In order to help with battery charging, Hyundai has unveiled a version of its 2021 Hyundai Sonata Hybrid sedan with solar film installed on the roof. Moreover, 60% of the total electricity needed to charge the car’s battery can be obtained if the solar roof is used for 6 hours every day. The car can travel roughly 1,300 kilometres (800 miles) on this energy each year.
Market Key Players
• Volkswagen
• Toyota
• Ford
• Mahindra & Mahindra
• Nissan
• General Motors
• Sono Motors
• Hanergy Thin Film Power Group
• Cruise Car
• Solar Electric Vehicle Company
• Jinko Solar
• Trina Solar
• Light-year
• Alke
• Hyundai Motor Company
• Daimler AG
• Panasonic Corporation
• ZF Friedrichshafen AG
• AB Volvo
• BYD Company Ltd
• Continental AG
• Tesla
Key Questions answered in the Market Report are:
- Which region holds the maximum share in the Market?
- What is the expected CAGR of the Market during the forecast period?
- Which application segment emerged as the leading segment in the Market?
- What key trends are expected to emerge in the Market in the coming years?
- What is the expected Market size by 2029?
- Which company held the largest share in the Market?
For critical insights on this Market, request for methodology here: https://www.maximizemarketresearch.com/request-sample/32147Â
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments with their sub-segments and region
- Competitive Landscape – Top Key Players and Other Prominent Players
About Maximize Market Research:
Maximize Market Research is a multifaceted Market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Market-verified industry estimations, technical trend analysis, crucial Market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizeMarketresearch.com
+91 96071 95908, +91 9607365656
