Market Overview:
The global crystalline solar powered vehicle market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and hybrid electric vehicles across the globe. In addition, the growing awareness about environment-friendly transportation options is also contributing to the growth of this market. The battery electric vehicle segment is expected to dominate the global crystalline solar powered vehicle market during the forecast period. This segment is anticipated to grow at a CAGR of XX% from 2018 to 2030. The increasing demand for battery electric vehicles due to their low emissions and high fuel efficiency is driving this segment’s growth. In terms of application, personal use accounted for majority share of the global crystalline solar powered vehicle market in 2017 and it is projected that this trend will continue duringthe forecast period as well.
Product Definition:
A crystalline solar powered vehicle is a type of solar car that uses crystalline silicon cells to convert sunlight into electrical energy. These vehicles are important because they help reduce greenhouse gas emissions and dependence on oil.
Battery Electric Vehicle (BEV):
The global Battery Electric Vehicle (BEV) market is expected to witness significant growth over the forecast period. The primary factor responsible for this growth is increasing environmental concerns towards carbon emissions from conventional fuel-driven vehicles. BEV uses electricity as a source of power, instead of conventional sources like fossil fuels, which reduces or eliminates the harmful effects on the environment that come with their production and use.
Other benefits associated with BEVs are lower costs in terms of operation.
Hybrid Electric Vehicle (HEV):
Hybrid electric vehicles are a combination of conventional fuel-driven cars and electricity-driven cars. The basic difference between the two is that in an ICE vehicle, the energy lost during braking is converted into useful energy for powering an electric motor while in HEV, the engine cuts off when the car is at a stop and rechargeable batteries take over to provide power to drive on.
Application Insights:
The commercial use segment dominated the global market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing government funding and subsidies for promoting electric vehicles as a clean mode of transportation, which is likely to increase demand from public transport systems and car-share programs across various regions.
Crystalline solar PV panels offer several advantages over conventional panels in terms of power generation capacity, lightweight and ease of installation owing to its small size compared to other technologies such as wind energy or fossil fuel based power plants. These factors are anticipated to drive the product demand from commercial applications including parking lots, car parks and public transport buses/trains stations over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing government initiatives and investments in R&D for solar energy, which has resulted in increased production of crystalline modules. China dominated the market owing to its large population and rapid industrialization. In 2016, India had a total installed capacity of 7 GW forcrystalline solar power generation, out of which only 1 GW was operational at that time due to lack of grid infrastructure & distribution channels.
Europe held a significant share in 2016 owing to high consumer awareness regarding environment protection along with technological advancements such as integrated batteries used by Tesla Motors Inc., Space X Dragon capsule prototype electric car manufactured by Tesla Motor Inc., U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will create a high demand for crystalline solar powered vehicle batteries, which can be used to power these vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the use of electric vehicles by providing subsidies and incentives to buyers. This is expected to drive the growth of the crystalline solar powered vehicle market in the coming years.
- Rising awareness about environment-friendly technologies: There is a growing awareness among consumers about environment-friendly technologies such as crystalline solar powered vehicles. This is likely to boost sales of such products in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Crystalline Solar Powered Vehicle Market Research Report
By Type
Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)
By Application
Personal Use, Commercial Use
By Companies
Daimler, Ford, Toyota, Volkswagen, Volvo, BYD, Tesla, Nissan, Mahindra & Mahindra, Sono Motors, Lightyear
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Crystalline Solar Powered Vehicle Market Report Segments:
The global Crystalline Solar Powered Vehicle market is segmented on the basis of:
Types
Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Daimler
- Ford
- Toyota
- Volkswagen
- Volvo
- BYD
- Tesla
- Nissan
- Mahindra & Mahindra
- Sono Motors
- Lightyear
Highlights of The Crystalline Solar Powered Vehicle Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- By Application:
- Personal Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crystalline Solar Powered Vehicle Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A crystalline solar powered vehicle is a type of electric car that uses solar panels to convert sunlight into electricity. This type of car is typically more expensive than other types, but it offers many benefits, including the ability to travel long distances without needing to plug in.
Some of the major players in the crystalline solar powered vehicle market are Daimler, Ford, Toyota, Volkswagen, Volvo, BYD, Tesla, Nissan, Mahindra & Mahindra, Sono Motors, Lightyear.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crystalline Solar Powered Vehicle Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crystalline Solar Powered Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crystalline Solar Powered Vehicle Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crystalline Solar Powered Vehicle Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crystalline Solar Powered Vehicle Market Size & Forecast, 2020-2028
4.5.1 Crystalline Solar Powered Vehicle Market Size and Y-o-Y Growth
4.5.2 Crystalline Solar Powered Vehicle Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Battery Electric Vehicle (BEV)
5.2.2 Hybrid Electric Vehicle (HEV)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Personal Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crystalline Solar Powered Vehicle Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crystalline Solar Powered Vehicle Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Battery Electric Vehicle (BEV)
9.6.2 Hybrid Electric Vehicle (HEV)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Personal Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Battery Electric Vehicle (BEV)
10.6.2 Hybrid Electric Vehicle (HEV)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Personal Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Battery Electric Vehicle (BEV)
11.6.2 Hybrid Electric Vehicle (HEV)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Personal Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Battery Electric Vehicle (BEV)
12.6.2 Hybrid Electric Vehicle (HEV)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Personal Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Battery Electric Vehicle (BEV)
13.6.2 Hybrid Electric Vehicle (HEV)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Personal Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crystalline Solar Powered Vehicle Market: Competitive Dashboard
14.2 Global Crystalline Solar Powered Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daimler
14.3.2 Ford
14.3.3 Toyota
14.3.4 Volkswagen
14.3.5 Volvo
14.3.6 BYD
14.3.7 Tesla
14.3.8 Nissan
14.3.9 Mahindra & Mahindra
14.3.10 Sono Motors
14.3.11 Lightyear
