A solar vehicle is an electric vehicle powered completely or significantly by direct solar energy. Usually, photovoltaic (PV) cells contained in solar panels convert the sun's energy directly into electric energy. The term "solar vehicle" usually implies that solar energy is used to power all or part of a vehicle's propulsion. Solar power may be also used to provide power for communications or controls or other auxiliary functions. Solar vehicles are not sold as practical day-to-day transportation devices at present, but are primarily demonstration vehicles and engineering exercises, often sponsored by government agencies. However, indirectly solar-charged vehicles are widespread and solar boats are available commercially.
Highlights
The global Solar Vehicle market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Solar Vehicle is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Solar Vehicle is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Solar Vehicle in Passenger Car is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Solar Vehicle include Lightyear, Volkswagen, Toyota, Nissan, Ford, General Motors, Mahindra & Mahindra, Sono Motors and Hanergy Thin Film Power Group, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Solar Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Solar Vehicle.
The Solar Vehicle market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Solar Vehicle market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Solar Vehicle companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
Lightyear
Volkswagen
Toyota
Nissan
Ford
General Motors
Mahindra & Mahindra
Sono Motors
Hanergy Thin Film Power Group
Segment by Type
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Segment by Application
Passenger Car
Commercial Vehicle
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Solar Vehicle companies鈥� competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Solar Vehicle Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Battery Electric Vehicle (BEV)
1.2.3 Hybrid Electric Vehicle (HEV)
1.3 Market by Application
1.3.1 Global Solar Vehicle Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Passenger Car
1.3.3 Commercial Vehicle
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Solar Vehicle Market Perspective (2018-2029)
2.2 Solar Vehicle Growth Trends by Region
2.2.1 Global Solar Vehicle Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Solar Vehicle Historic Market Size by Region (2018-2023)
2.2.3 Solar Vehicle Forecasted Market Size by Region (2024-2029)
2.3 Solar Vehicle Market Dynamics
2.3.1 Solar Vehicle Industry Trends
2.3.2 Solar Vehicle Market Drivers
2.3.3 Solar Vehicle Market Challenges
2.3.4 Solar Vehicle Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Solar Vehicle Players by Revenue
3.1.1 Global Top Solar Vehicle Players by Revenue (2018-2023)
3.1.2 Global Solar Vehicle Revenue Market Share by Players (2018-2023)
3.2 Global Solar Vehicle Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Solar Vehicle Revenue
3.4 Global Solar Vehicle Market Concentration Ratio
3.4.1 Global Solar Vehicle Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Solar Vehicle Revenue in 2022
3.5 Solar Vehicle Key Players Head office and Area Served
3.6 Key Players Solar Vehicle Product Solution and Service
3.7 Date of Enter into Solar Vehicle Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Solar Vehicle Breakdown Data by Type
4.1 Global Solar Vehicle Historic Market Size by Type (2018-2023)
4.2 Global Solar Vehicle Forecasted Market Size by Type (2024-2029)
5 Solar Vehicle Breakdown Data by Application
5.1 Global Solar Vehicle Historic Market Size by Application (2018-2023)
5.2 Global Solar Vehicle Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Solar Vehicle Market Size (2018-2029)
6.2 North America Solar Vehicle Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Solar Vehicle Market Size by Country (2018-2023)
6.4 North America Solar Vehicle Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Solar Vehicle Market Size (2018-2029)
7.2 Europe Solar Vehicle Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Solar Vehicle Market Size by Country (2018-2023)
7.4 Europe Solar Vehicle Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Solar Vehicle Market Size (2018-2029)
8.2 Asia-Pacific Solar Vehicle Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Solar Vehicle Market Size by Region (2018-2023)
8.4 Asia-Pacific Solar Vehicle Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Solar Vehicle Market Size (2018-2029)
9.2 Latin America Solar Vehicle Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Solar Vehicle Market Size by Country (2018-2023)
9.4 Latin America Solar Vehicle Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Solar Vehicle Market Size (2018-2029)
10.2 Middle East & Africa Solar Vehicle Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Solar Vehicle Market Size by Country (2018-2023)
10.4 Middle East & Africa Solar Vehicle Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Lightyear
11.1.1 Lightyear Company Detail
11.1.2 Lightyear Business Overview
11.1.3 Lightyear Solar Vehicle Introduction
11.1.4 Lightyear Revenue in Solar Vehicle Business (2018-2023)
11.1.5 Lightyear Recent Development
11.2 Volkswagen
11.2.1 Volkswagen Company Detail
11.2.2 Volkswagen Business Overview
11.2.3 Volkswagen Solar Vehicle Introduction
11.2.4 Volkswagen Revenue in Solar Vehicle Business (2018-2023)
11.2.5 Volkswagen Recent Development
11.3 Toyota
11.3.1 Toyota Company Detail
11.3.2 Toyota Business Overview
11.3.3 Toyota Solar Vehicle Introduction
11.3.4 Toyota Revenue in Solar Vehicle Business (2018-2023)
11.3.5 Toyota Recent Development
11.4 Nissan
11.4.1 Nissan Company Detail
11.4.2 Nissan Business Overview
11.4.3 Nissan Solar Vehicle Introduction
11.4.4 Nissan Revenue in Solar Vehicle Business (2018-2023)
11.4.5 Nissan Recent Development
11.5 Ford
11.5.1 Ford Company Detail
11.5.2 Ford Business Overview
11.5.3 Ford Solar Vehicle Introduction
11.5.4 Ford Revenue in Solar Vehicle Business (2018-2023)
11.5.5 Ford Recent Development
11.6 General Motors
11.6.1 General Motors Company Detail
11.6.2 General Motors Business Overview
11.6.3 General Motors Solar Vehicle Introduction
11.6.4 General Motors Revenue in Solar Vehicle Business (2018-2023)
11.6.5 General Motors Recent Development
11.7 Mahindra & Mahindra
11.7.1 Mahindra & Mahindra Company Detail
11.7.2 Mahindra & Mahindra Business Overview
11.7.3 Mahindra & Mahindra Solar Vehicle Introduction
11.7.4 Mahindra & Mahindra Revenue in Solar Vehicle Business (2018-2023)
11.7.5 Mahindra & Mahindra Recent Development
11.8 Sono Motors
11.8.1 Sono Motors Company Detail
11.8.2 Sono Motors Business Overview
11.8.3 Sono Motors Solar Vehicle Introduction
11.8.4 Sono Motors Revenue in Solar Vehicle Business (2018-2023)
11.8.5 Sono Motors Recent Development
11.9 Hanergy Thin Film Power Group
11.9.1 Hanergy Thin Film Power Group Company Detail
11.9.2 Hanergy Thin Film Power Group Business Overview
11.9.3 Hanergy Thin Film Power Group Solar Vehicle Introduction
11.9.4 Hanergy Thin Film Power Group Revenue in Solar Vehicle Business (2018-2023)
11.9.5 Hanergy Thin Film Power Group Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Lightyear
Volkswagen
Toyota
Nissan
Ford
General Motors
Mahindra & Mahindra
Sono Motors
Hanergy Thin Film Power Group
听
听
*If Applicable.
