Press release
What Factors are Affecting Growth and Demand of Solar Powered Car Market | Trends and Forecast till 2030 by Fact.MR
Global solar powered car market rally has been temporarily impacted by the sluggishness induced due to COVID-19 pandemic, according to a new study by Fact.MR. However, the study is bullish on the long-term prospects of the market, with growth rates set to hover around 20% through 2030.Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/5359/solar-powered-car-market
According to Fact.MR, prices of solar energy components are declining continuously since last four decades and are expected to decline further. It is expected that this form of renewable source of energy will be cheaper than fossil fuels in the near future.
This fall in the pricing along with the technological advancements in the field are expected to boost the solar powered car market. Furthermore, the pandemic has caused the prices to drop even faster since its onset. As the global economy is facing challenges, the fall in the prices of solar panels and components is steeper than expected.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5359
Meanwhile, this is paving way for the faster transition towards adopting clean energy. One of the major reasons holding people back from using this source of renewable energy was the myth that it is expensive than traditional fossil fuels. With plummeting prices, the future looks positive for the global solar powered car market.
Key Takeaways from the Solar Powered Car Market
• The global solar powered car market is projected to exhibit a CAGR of around 20% through 2030
• The crystalline silicon solar cells segment is the most lucrative segment currently
For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=5359
• Solar powered sedans and SUVs continue to outsell other vairants
• The battery operated electric vehicles (BEVs) segment, in terms of electric vehicle, is anticipated to grow significantly during the forecast period.
• Europe is expected to be the most lucrative market for solar powered car
Solar Powered Car Market: Competitive Landscape
Manufacturers in the global solar powered car market are focusing on technological innovations in order to sustain in the competitive edge. Mergers and acquisitions along with partnering with other companies are a few other effective strategies used by the players in the market to gain advantage over their competitors.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5359
Furthermore, companies in the solar powered car market are concentrating on designing utility vehicles with aesthetics intended to appeal to the consumer along with minimal and compact design. Some of the big players are bringing in prototypes and demo models to gauge and tap the interests of consumers.
With many strategies in place, the integration of solar technology into automobiles is set to give first movers advantage to the manufacturers as personal solar powered car are yet to witness a full-fledged launch.
For instance, Lightyear has come up with Lightyear One, which is a long range solar electric car which is designed to be grid-independent. This vehicle is two to three times more efficient than the other vehicles currently in the market, according to the manufacturer. As a result, the vehicle has lowest emissions, lowest charging frequency and clean solar range every year.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2018/02/15/1348779/0/en/4-Key-Insights-on-How-Global-Market-for-Wheel-and-Tire-Service-Equipment-will-Expand-during-2017-2026-Fact-MR.html
Some of the key players currently operating in the global solar powered car market include - Audi AG, Toyota Motor Corp, Ford Motor Company, Sono Motors GmbH, Mahindra & Mahindra Limited, General Motors, Volkswagen AG., Lightyear Cruise Car Inc., Solar Electric Vehicle Company, Hanergy Holding Group, Venturi Clenergy ,TeamArrow
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1737/global-solar-powered-car-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What Factors are Affecting Growth and Demand of Solar Powered Car Market | Trends and Forecast till 2030 by Fact.MR here
News-ID: 2302933 • Views: …
More Releases from Fact.MR
Superfoods - Top Global Industry Trends in 2026
The global superfoods market is experiencing significant expansion, driven by growing consumer interest in preventive healthcare, nutritional optimization, and functional food solutions. Superfoods-including antioxidant-rich fruits, nutrient-dense vegetables, ancient grains, seeds, herbs, and roots-are increasingly incorporated into everyday diets, dietary supplements, beverages, and functional foods. This report provides insights into market size, growth drivers, European dynamics, technology trends, and strategic implications for stakeholders.
Market Size and Growth
Globally, the superfoods market is projected…
European Semiconductor Chemical Vapor Deposition Equipment Market Outlook 2025-2 …
The European semiconductor chemical vapor deposition (CVD) equipment market is poised for robust growth from 2025 to 2035, driven by rising semiconductor fabrication investments, increasing adoption of advanced manufacturing processes, and growing demand for next-generation electronic devices. CVD equipment-including atmospheric-pressure CVD, low-pressure CVD, metal-organic CVD, and density-plasma CVD systems-is essential for precise thin film deposition, enabling high-performance semiconductor device fabrication for logic chips, memory chips, analog devices, and optoelectronics. This…
European Stick Packaging Market Outlook 2025-2035: Key Developments and Future S …
The European stick packaging market is poised for strong growth from 2025 to 2035, driven by rising consumer demand for convenient, single-serve packaging solutions, increasing adoption of sustainable materials, and technological advancements in flexible packaging formats. Stick packaging-including BOPP, PE, paper, metallized films, and hybrid formats-plays a critical role in food, beverage, pharmaceutical, and cosmetic applications, providing portion control, product protection, and hygiene benefits. This report highlights market size, growth…
European Manganese Mining Market Outlook 2025-2035: Key Developments and Future …
The European manganese mining market is set for steady growth between 2025 and 2035, driven by increasing demand from the steel and battery manufacturing sectors, rising infrastructure investments, and the expansion of electric vehicle production. Manganese, a critical component in steel alloys and lithium-ion battery cathodes, plays a vital role in enhancing structural integrity, corrosion resistance, and electrochemical performance. This report highlights market size, growth drivers, regional dynamics, technology trends,…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
