Solar Powered Car Market
PUBLISHED: 2019 ID: SMRC18666
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Solar Powered Car Market

Solar Powered Car - Global Market Outlook (2018-2027)

4.1 (18 reviews)
4.1 (18 reviews)
Published: 2019 ID: SMRC18666

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Solar Powered Car Market is accounted for $0.68 billion in 2018 and is expected to reach $3.10 billion by 2027 growing at a CAGR of 18.4% during the forecast period. Resurgence to switch to cleaner energy and technological advancements are the major factors driving the market growth. However, the high dependency of solar-powered vehicles on external factors is restraining market growth.

A solar-powered car is a solar vehicle used for land transport. Solar-powered cars usually run on only power from the sun, although some models will supplement that power using a battery, or use solar panels to recharge batteries or run auxiliary systems for a car that mainly uses battery power. 

Based on the application, the personal segment is likely to have a huge demand due to rising sales of Personal cars in the electric vehicle segment and the propulsive force needed for passenger cars is which is lesser than commercial vehicles. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the majority of these car sales and EV charging station installations. Furthermore, South Korea and India are taking initiatives to reduce greenhouse gas emissions by increasing the use of electric vehicles.

Some of the key players profiled in the Solar Powered Car Market include Audi AG, Clenergy TeamArrow, Cruise Car Inc., EVX Pty Ltd, Ford Motor Company, General Motors, Hanergy Holding Group, Lightyear, Mahindra & Mahindra Limited, Solar Electric Vehicle Company, Sono Motors GmbH, Toyota Motor Corp, Venturi, and Volkswagen AG. 

Cars Covered:
• Sedan
• Hatchback
• Utility Vehicle (UV)  

Materials Covered:
• Thin-Film Solar Cells
• Crystalline Silicon Solar Cells    

Solar Components Covered:
• Battery 
• Power Tracker 
• Solar Array 
• Other Solar Components   

Electric Cars Covered:
• Hybrid Electric Vehicle (HEV) 
• Plug-In Hybrid Electric Vehicle (PHEV) 
• Battery Electric Vehicle (BEV)      

Applications Covered:
• Commercial 
• Personal      

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
           
2 Preface       
  
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Application Analysis       
 3.7 Emerging Markets        
 3.8 Futuristic Market Scenario       
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Solar Powered Car Market, By Car       
 5.1 Introduction        
 5.2 Sedan         
 5.3 Hatchback        
 5.4 Utility Vehicle (UV)        
           
6 Global Solar Powered Car Market, By Material      
 6.1 Introduction        
 6.2 Thin-Film Solar Cells       
 6.3 Crystalline Silicon Solar Cells       
           
7 Global Solar Powered Car Market, By Solar Component     
 7.1 Introduction        
 7.2 Battery         
 7.3 Power Tracker        
 7.4 Solar Array        
 7.5 Other Solar Components       
           
8 Global Solar Powered Car Market, By Electric Car      
 8.1 Introduction        
 8.2 Hybrid Electric Vehicle (HEV)       
 8.3 Plug-In Hybrid Electric Vehicle (PHEV)      
 8.4 Battery Electric Vehicle (BEV)       
           
9 Global Solar Powered Car Market, By Application      
 9.1 Introduction        
 9.2 Commercial        
 9.3 Personal         
           
10 Global Solar Powered Car Market, By Geography      
 10.1 Introduction        
 10.2 North America        
  10.2.1 US        
  10.2.2 Canada        
  10.2.3 Mexico        
 10.3 Europe         
  10.3.1 Germany        
  10.3.2 UK        
  10.3.3 Italy        
  10.3.4 France        
  10.3.5 Spain        
  10.3.6 Rest of Europe       
 10.4 Asia Pacific        
  10.4.1 Japan        
  10.4.2 China        
  10.4.3 India        
  10.4.4 Australia        
  10.4.5 New Zealand       
  10.4.6 South Korea       
  10.4.7 Rest of Asia Pacific       
 10.5 South America        
  10.5.1 Argentina       
  10.5.2 Brazil        
  10.5.3 Chile        
  10.5.4 Rest of South America      
 10.6 Middle East & Africa       
  10.6.1 Saudi Arabia       
  10.6.2 UAE        
  10.6.3 Qatar        
  10.6.4 South Africa       
  10.6.5 Rest of Middle East & Africa      
           
11 Key Developments         
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 11.2 Acquisitions & Mergers       
 11.3 New Product Launch       
 11.4 Expansions        
 11.5 Other Key Strategies       
           
12 Company Profiling         
 12.1 Audi AG         
 12.2 Clenergy TeamArrow       
 12.3 Cruise Car Inc.        
 12.4 EVX Pty Ltd        
 12.5 Ford Motor Company       
 12.6 General Motors        
 12.7 Hanergy Holding Group       
 12.8 Lightyear         
 12.9 Mahindra & Mahindra Limited       
 12.10 Solar Electric Vehicle Company      
 12.11 Sono Motors GmbH        
 12.12 Toyota Motor Corp        
 12.13 Venturi         
 12.14 Volkswagen AG        


List of Tables          
1 Global Solar Powered Car Market Outlook, By Region (2017-2027) ($MN)    
2 Global Solar Powered Car Market Outlook, By Car (2017-2027) ($MN)    
3 Global Solar Powered Car Market Outlook, By Sedan (2017-2027) ($MN)    
4 Global Solar Powered Car Market Outlook, By Hatchback (2017-2027) ($MN)   
5 Global Solar Powered Car Market Outlook, By Utility Vehicle (UV) (2017-2027) ($MN)  
6 Global Solar Powered Car Market Outlook, By Material (2017-2027) ($MN)   
7 Global Solar Powered Car Market Outlook, By Thin-Film Solar Cells (2017-2027) ($MN)  
8 Global Solar Powered Car Market Outlook, By Crystalline Silicon Solar Cells (2017-2027) ($MN) 
9 Global Solar Powered Car Market Outlook, By Solar Component (2017-2027) ($MN)   
10 Global Solar Powered Car Market Outlook, By Battery (2017-2027) ($MN)    
11 Global Solar Powered Car Market Outlook, By Power Tracker (2017-2027) ($MN)   
12 Global Solar Powered Car Market Outlook, By Solar Array (2017-2027) ($MN)   
13 Global Solar Powered Car Market Outlook, By Other Solar Components (2017-2027) ($MN)  
14 Global Solar Powered Car Market Outlook, By Electric Car (2017-2027) ($MN)   
15 Global Solar Powered Car Market Outlook, By Hybrid Electric Vehicle (HEV) (2017-2027) ($MN) 
16 Global Solar Powered Car Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2017-2027) ($MN) 
17 Global Solar Powered Car Market Outlook, By Battery Electric Vehicle (BEV) (2017-2027) ($MN) 
18 Global Solar Powered Car Market Outlook, By Application (2017-2027) ($MN)   
19 Global Solar Powered Car Market Outlook, By Commercial (2017-2027) ($MN)   
20 Global Solar Powered Car Market Outlook, By Personal (2017-2027) ($MN)   
21 North America Solar Powered Car Market Outlook, By Country (2017-2027) ($MN)   
22 North America Solar Powered Car Market Outlook, By Car (2017-2027) ($MN)   
23 North America Solar Powered Car Market Outlook, By Sedan (2017-2027) ($MN)   
24 North America Solar Powered Car Market Outlook, By Hatchback (2017-2027) ($MN)  
25 North America Solar Powered Car Market Outlook, By Utility Vehicle (UV) (2017-2027) ($MN)  
26 North America Solar Powered Car Market Outlook, By Material (2017-2027) ($MN)   
27 North America Solar Powered Car Market Outlook, By Thin-Film Solar Cells (2017-2027) ($MN) 
28 North America Solar Powered Car Market Outlook, By Crystalline Silicon Solar Cells (2017-2027) ($MN) 
29 North America Solar Powered Car Market Outlook, By Solar Component (2017-2027) ($MN)  
30 North America Solar Powered Car Market Outlook, By Battery (2017-2027) ($MN)   
31 North America Solar Powered Car Market Outlook, By Power Tracker (2017-2027) ($MN)  
32 North America Solar Powered Car Market Outlook, By Solar Array (2017-2027) ($MN)  
33 North America Solar Powered Car Market Outlook, By Other Solar Components (2017-2027) ($MN) 
34 North America Solar Powered Car Market Outlook, By Electric Car (2017-2027) ($MN)  
35 North America Solar Powered Car Market Outlook, By Hybrid Electric Vehicle (HEV) (2017-2027) ($MN) 
36 North America Solar Powered Car Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2017-2027) ($MN)
37 North America Solar Powered Car Market Outlook, By Battery Electric Vehicle (BEV) (2017-2027) ($MN) 
38 North America Solar Powered Car Market Outlook, By Application (2017-2027) ($MN)  
39 North America Solar Powered Car Market Outlook, By Commercial (2017-2027) ($MN)  
40 North America Solar Powered Car Market Outlook, By Personal (2017-2027) ($MN)   
41 Europe Solar Powered Car Market Outlook, By Country (2017-2027) ($MN)   
42 Europe Solar Powered Car Market Outlook, By Car (2017-2027) ($MN)    
43 Europe Solar Powered Car Market Outlook, By Sedan (2017-2027) ($MN)    
44 Europe Solar Powered Car Market Outlook, By Hatchback (2017-2027) ($MN)   
45 Europe Solar Powered Car Market Outlook, By Utility Vehicle (UV) (2017-2027) ($MN)  
46 Europe Solar Powered Car Market Outlook, By Material (2017-2027) ($MN)   
47 Europe Solar Powered Car Market Outlook, By Thin-Film Solar Cells (2017-2027) ($MN)  
48 Europe Solar Powered Car Market Outlook, By Crystalline Silicon Solar Cells (2017-2027) ($MN) 
49 Europe Solar Powered Car Market Outlook, By Solar Component (2017-2027) ($MN)  
50 Europe Solar Powered Car Market Outlook, By Battery (2017-2027) ($MN)   
51 Europe Solar Powered Car Market Outlook, By Power Tracker (2017-2027) ($MN)   
52 Europe Solar Powered Car Market Outlook, By Solar Array (2017-2027) ($MN)   
53 Europe Solar Powered Car Market Outlook, By Other Solar Components (2017-2027) ($MN)  
54 Europe Solar Powered Car Market Outlook, By Electric Car (2017-2027) ($MN)   
55 Europe Solar Powered Car Market Outlook, By Hybrid Electric Vehicle (HEV) (2017-2027) ($MN) 
56 Europe Solar Powered Car Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2017-2027) ($MN) 
57 Europe Solar Powered Car Market Outlook, By Battery Electric Vehicle (BEV) (2017-2027) ($MN) 
58 Europe Solar Powered Car Market Outlook, By Application (2017-2027) ($MN)   
59 Europe Solar Powered Car Market Outlook, By Commercial (2017-2027) ($MN)   
60 Europe Solar Powered Car Market Outlook, By Personal (2017-2027) ($MN)   
61 Asia Pacific Solar Powered Car Market Outlook, By Country (2017-2027) ($MN)   
62 Asia Pacific Solar Powered Car Market Outlook, By Car (2017-2027) ($MN)   
63 Asia Pacific Solar Powered Car Market Outlook, By Sedan (2017-2027) ($MN)   
64 Asia Pacific Solar Powered Car Market Outlook, By Hatchback (2017-2027) ($MN)   
65 Asia Pacific Solar Powered Car Market Outlook, By Utility Vehicle (UV) (2017-2027) ($MN)  
66 Asia Pacific Solar Powered Car Market Outlook, By Material (2017-2027) ($MN)   
67 Asia Pacific Solar Powered Car Market Outlook, By Thin-Film Solar Cells (2017-2027) ($MN)  
68 Asia Pacific Solar Powered Car Market Outlook, By Crystalline Silicon Solar Cells (2017-2027) ($MN) 
69 Asia Pacific Solar Powered Car Market Outlook, By Solar Component (2017-2027) ($MN)  
70 Asia Pacific Solar Powered Car Market Outlook, By Battery (2017-2027) ($MN)   
71 Asia Pacific Solar Powered Car Market Outlook, By Power Tracker (2017-2027) ($MN)  
72 Asia Pacific Solar Powered Car Market Outlook, By Solar Array (2017-2027) ($MN)   
73 Asia Pacific Solar Powered Car Market Outlook, By Other Solar Components (2017-2027) ($MN) 
74 Asia Pacific Solar Powered Car Market Outlook, By Electric Car (2017-2027) ($MN)   
75 Asia Pacific Solar Powered Car Market Outlook, By Hybrid Electric Vehicle (HEV) (2017-2027) ($MN) 
76 Asia Pacific Solar Powered Car Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2017-2027) ($MN)
77 Asia Pacific Solar Powered Car Market Outlook, By Battery Electric Vehicle (BEV) (2017-2027) ($MN) 
78 Asia Pacific Solar Powered Car Market Outlook, By Application (2017-2027) ($MN)   
79 Asia Pacific Solar Powered Car Market Outlook, By Commercial (2017-2027) ($MN)   
80 Asia Pacific Solar Powered Car Market Outlook, By Personal (2017-2027) ($MN)   
81 South America Solar Powered Car Market Outlook, By Country (2017-2027) ($MN)   
82 South America Solar Powered Car Market Outlook, By Car (2017-2027) ($MN)   
83 South America Solar Powered Car Market Outlook, By Sedan (2017-2027) ($MN)   
84 South America Solar Powered Car Market Outlook, By Hatchback (2017-2027) ($MN)  
85 South America Solar Powered Car Market Outlook, By Utility Vehicle (UV) (2017-2027) ($MN)  
86 South America Solar Powered Car Market Outlook, By Material (2017-2027) ($MN)   
87 South America Solar Powered Car Market Outlook, By Thin-Film Solar Cells (2017-2027) ($MN) 
88 South America Solar Powered Car Market Outlook, By Crystalline Silicon Solar Cells (2017-2027) ($MN) 
89 South America Solar Powered Car Market Outlook, By Solar Component (2017-2027) ($MN)  
90 South America Solar Powered Car Market Outlook, By Battery (2017-2027) ($MN)   
91 South America Solar Powered Car Market Outlook, By Power Tracker (2017-2027) ($MN)  
92 South America Solar Powered Car Market Outlook, By Solar Array (2017-2027) ($MN)  
93 South America Solar Powered Car Market Outlook, By Other Solar Components (2017-2027) ($MN) 
94 South America Solar Powered Car Market Outlook, By Electric Car (2017-2027) ($MN)  
95 South America Solar Powered Car Market Outlook, By Hybrid Electric Vehicle (HEV) (2017-2027) ($MN) 
96 South America Solar Powered Car Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2017-2027) ($MN)
97 South America Solar Powered Car Market Outlook, By Battery Electric Vehicle (BEV) (2017-2027) ($MN) 
98 South America Solar Powered Car Market Outlook, By Application (2017-2027) ($MN)  
99 South America Solar Powered Car Market Outlook, By Commercial (2017-2027) ($MN)  
100 South America Solar Powered Car Market Outlook, By Personal (2017-2027) ($MN)   
101 Middle East & Africa Solar Powered Car Market Outlook, By Country (2017-2027) ($MN)  
102 Middle East & Africa Solar Powered Car Market Outlook, By Car (2017-2027) ($MN)   
103 Middle East & Africa Solar Powered Car Market Outlook, By Sedan (2017-2027) ($MN)  
104 Middle East & Africa Solar Powered Car Market Outlook, By Hatchback (2017-2027) ($MN)  
105 Middle East & Africa Solar Powered Car Market Outlook, By Utility Vehicle (UV) (2017-2027) ($MN) 
106 Middle East & Africa Solar Powered Car Market Outlook, By Material (2017-2027) ($MN)  
107 Middle East & Africa Solar Powered Car Market Outlook, By Thin-Film Solar Cells (2017-2027) ($MN) 
108 Middle East & Africa Solar Powered Car Market Outlook, By Crystalline Silicon Solar Cells (2017-2027) ($MN)
109 Middle East & Africa Solar Powered Car Market Outlook, By Solar Component (2017-2027) ($MN) 
110 Middle East & Africa Solar Powered Car Market Outlook, By Battery (2017-2027) ($MN)  
111 Middle East & Africa Solar Powered Car Market Outlook, By Power Tracker (2017-2027) ($MN)  
112 Middle East & Africa Solar Powered Car Market Outlook, By Solar Array (2017-2027) ($MN)  
113 Middle East & Africa Solar Powered Car Market Outlook, By Other Solar Components (2017-2027) ($MN) 
114 Middle East & Africa Solar Powered Car Market Outlook, By Electric Car (2017-2027) ($MN)  
115 Middle East & Africa Solar Powered Car Market Outlook, By Hybrid Electric Vehicle (HEV) (2017-2027) ($MN)
116 Middle East & Africa Solar Powered Car Market Outlook, By Plug-In Hybrid Electric Vehicle (PHEV) (2017-2027) ($MN)
117 Middle East & Africa Solar Powered Car Market Outlook, By Battery Electric Vehicle (BEV) (2017-2027) ($MN)
118 Middle East & Africa Solar Powered Car Market Outlook, By Application (2017-2027) ($MN)  
119 Middle East & Africa Solar Powered Car Market Outlook, By Commercial (2017-2027) ($MN)  
120 Middle East & Africa Solar Powered Car Market Outlook, By Personal (2017-2027) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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