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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.
Global Solar Vehicle market is projected to reach US$ million in 2029, increasing from US$ million in 2022, with the CAGR of % during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Solar Vehicle market research.
Key companies engaged in the Solar Vehicle industry include Lightyear, Volkswagen, Toyota, Nissan, Ford, General Motors, Mahindra & Mahindra, Sono Motors and Hanergy Thin Film Power Group, etc. Among those companies, the top 3 players guaranteed % supply worldwide in 2022.
When refers to consumption region, % value of Solar Vehicle were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Solar Vehicle market and estimated to attract more attentions from industry insiders and investors.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Solar Vehicle market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
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, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina, Colombia)
The Solar Vehicle report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies' Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
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
Published By : QY Research
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