DUBLIN, Jan. 14, 2020 /PRNewswire/ -- The "Solar Powered Car - Global Market Outlook (2018-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Solar Powered Car Market accounted for $0.68 billion in 2018 and is expected to reach $3.1 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.
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, Son-Motors GmbH, Toyota Motor Corp, Venturi, and Volkswagen AG.
What the 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
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
5 Global Solar Powered Car Market, By Car
5.4 Utility Vehicle (UV)
6 Global Solar Powered Car Market, By Material
6.2 Thin-Film Solar Cells
6.3 Crystalline Silicon Solar Cells
7 Global Solar Powered Car Market, By Solar Component
7.3 Power Tracker
7.4 Solar Array
7.5 Other Solar Components
8 Global Solar Powered Car Market, By Electric Car
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
10 Global Solar Powered Car Market, By Geography
10.2 North America
10.5 South America
10.6 Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
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
12.9 Mahindra & Mahindra Limited
12.10 Solar Electric Vehicle Company
12.11 Sono Motors GmbH
12.12 Toyota Motor Corp
12.14 Volkswagen AG
For more information about this report visit https://www.researchandmarkets.com/r/eabkwn
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SOURCE Research and Markets