Global Solar Vehicle Market Size, Status and Forecast 2020-2026

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.
Market Analysis and Insights: Global Solar Vehicle Market
In 2019, the global Solar Vehicle market size was US$ xx million and it is expected to reach US$ xx million by the end of 2026, with a CAGR of xx% during 2021-2026.
Global Solar Vehicle Scope and Market Size
Solar Vehicle market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Solar Vehicle market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Solar Vehicle market is segmented into Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), etc.
Segment by Application, the Solar Vehicle market is segmented into Passenger Car, Commercial Vehicle, etc.
Regional and Country-level Analysis
The Solar Vehicle market is analysed and market size information is provided by regions (countries).
The key regions covered in the Solar Vehicle market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Solar Vehicle Market Share Analysis
Solar Vehicle market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Solar Vehicle business, the date to enter into the Solar Vehicle market, Solar Vehicle product introduction, recent developments, etc.
The major vendors include Lightyear, Volkswagen, Toyota, Nissan, Ford, General Motors, Mahindra & Mahindra, Sono Motors, Hanergy Thin Film Power Group, etc.

This report focuses on the global Solar Vehicle status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Solar Vehicle development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

Lightyear
Volkswagen
Toyota
Nissan
Ford
General Motors
Mahindra & Mahindra
Sono Motors
Hanergy Thin Film Power Group

Market segment by Type, the product can be split into

Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)

Market segment by Application, split into

Passenger Car
Commercial Vehicle

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Solar Vehicle status, future forecast, growth opportunity, key market and key players.
To present the Solar Vehicle development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Solar Vehicle are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.