Global Solar Panel for Electric Vehicles and Chargers Market likely to grow at a CAGR of 35% during 2021-2026

According to MarkNtel Advisors’ research report, “Global Solar Panel for Electric Vehicles and Chargers Market Analysis, 2021,” the market is likely to grow at a CAGR of 35% during 2021-26 due to the increasing government initiatives to promote purchasing environment-friendly vehicles for controlling carbon emissions, making the utilization of solar panels for electric vehicles an ultimate solution for environmental degradation and energy shortages. Moreover, technological advancements in the electric vehicle industry and reduction in prices of solar panels are other critical factors contributing to the growth of the Solar Panel for Electric Vehicles and Chargers Market during the forecast period.

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Key questions answered in the study
1. What are the current and future trends in the Global Solar Panel for Electric Vehicles and Chargers Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Solar Panel for Electric Vehicles and Chargers Market?
5. What is the customer orientation, purchase behavior, and expectations from the Global Solar Panel for Electric Vehicles and Chargers Market service providers across various regions?

Solar Roof Dominated the Market

Based on the installation type, the market segments into Solar Roof and Solar Windows. The Solar Roof acquired the largest share in the Global Solar Panel for Electric Vehicles and Chargers Market in the previous few years. The utilization of solar roofs enhances the fuel efficiency and range of the vehicle. It is the most convenient mode of charging EVs. It also addresses issues raised by global environmental standards, thereby fueling the segment growth.

“Global Solar Panel for Electric Vehicles and Chargers Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for solar panel providers for electric vehicles and chargers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Private EV charger Accounted for the Largest Market Share

Based on the Charger Type, the market bifurcates into Private EV chargers and Public EV chargers. Of these, the Private EV chargers captured a significant share in the Global Solar Panel for Electric Vehicles and Chargers Market in the past few years as the highest demand for EV charging is private, either at home or company parking lot.

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However, Public EV chargers are likely to grow at the fastest rate during the forecast period due to rising government initiative to tighter the emission regulations and promoting sales of EVs, reveals MarkNtel Advisors in their research report, “Global Solar Panel for Electric Vehicles and Chargers Market Analysis, 2021.”

According to MarkNtel Advisors, the major leading players in the Global Solar Panel for Electric Vehicles and Chargers Market are Electrify America, Beam Global, Ovo Energy Ltd., ChargedEv, MyEnergi Ltd., WallBox Chargers, S.L., Empower Solar, Power-Sonic, Hanergy the Film Power, Wiocor Ltd., Lightyear One, Sono Motors GmbH, Vivint Solar, Toyota Motor Corporation, and Off-Grid Installer Limited.

Market Segmentation:
1. By Vehicle Type (Passenger Electric vehicles, Commercial Electric vehicles, Electric two-wheelers, and three-wheelers)By Material (Monocrystalline PV cells, Polycrystalline PV cells, Others (Thin-film cells))
2. By Charger Type (Private EV chargers, Public EV chargers)
3. By Changing Levels (Level 1, Level 2, Level 3)
4. By Installation Type (Solar Roof, Solar Windows)
5. By Number of Cells (Less than 60, 60-96 Cells, Above 96 Cells)
6. By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)
7. By Country (U.S, Canada, Brazil, Mexico, Germany, France, The U.K, China, India, Japan, Australia, South Korea, Middle East, Africa)
8. By Competitors (Electrify America, Beam Global, Ovo Energy Ltd., ChargedEv, MyEnergi Ltd., WallBox Chargers, S.L., Empower Solar, Power-Sonic, Hanergy the Film Power, Wiocor Ltd., Lightyear One, Sono Motors GmbH, Vivint Solar, Toyota Motor Corporation, Off-Grid Installer Limited)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.