Press release
Vehicle-Integrated Solar Panels Market Strategies Assessment 2016 - 2026
Vehicle-Integrated Solar Panels Market: IntroductionA solar vehicle is an electric vehicle powered by direct solar energy (photovoltaic cells). The use of various conventional energy sources such as fossil fuels, causes global warming, threatens public health, quickly drains natural resources and damages the environment.
Therefore, to deal with these problems of fossil fuels and to have a better alternative in the form of sustainable energy (non-conventional energy sources), it is necessary to adopt solar energy. The vehicle-integrated solar panels or solar vehicles are widely owing to their ecofriendly nature. Solar cars and solar drones are most widely used vehicle-integrated solar panels.
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Vehicle-Integrated Solar Panels Market: Dynamics
Increasing government initiatives to augment the usage of solar panels, significant increase in the global prices of petroleum based fuel, lesser energy utilization and continuous technological developments in the solar vehicles are the major factors contributing to the growth of the global vehicle-integrated solar panels market. Furthermore, decreasing cost of photovoltaic panels is another key driver for the global vehicle-integrated solar panels market.
However, lack of adoption of solar energy technology is the major factor that might restrain the market growth of global vehicle-integrated solar panels market.
Vehicle-Integrated Solar Panels Market: Segmentation
by Vehicle Type
Solar Two Wheelers
Solar Bicycles
Solar Motorcycles
Solar Three Wheelers
Solar Four Wheelers
Solar Passenger Vehicles
Solar Commercial Vehicles
Other Solar Four Wheelers
Solar Railways/Trains
Solar-Powered Boat
Solar Airplane
Solar-Powered Spacecraft
Solar Unmanned Aerial Vehicles (UAV) or Drones
by Photovoltaic Sources
Mono-Crystalline Silicon Cells
Multi-Crystalline Silicon Cells
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Vehicle-Integrated Solar Panels Market: Regional Outlook
Geographically, the global vehicle-integrated solar panels market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
North America is the market leader in terms of value in the global vehicle-integrated solar panels market and is expected to register significant growth rates owing to the growing demand for vehicle-integrated solar panels.
Eastern Europe and Western Europe are the second major contributors to the global vehicle-integrated solar panels market due to the presence of major automobile manufacturer such as Nissan Motor Corporation, Ltd. which is focusing on establishment of solar farms to manufacture solar vehicles.
Also, growing electric vehicle manufacturing in Germany is anticipated to boost growth of Western Europe vehicle-integrated solar panels market. APEJ is significantly contributing to the global vehicle-integrated solar panels market owing to the presence of solar powered vehicle manufacturers along with increasing solar PV installations majorly in China.
Latin America is expected to be another major contributor due to the recent developments in the regional market such as collaborations among the companies to reduce air emissions with integration of solar energy in the vehicles. MEA is at a nascent stage in the global vehicle-integrated solar panels market owing to increasing renewable energy integration in South Africa.
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Vehicle-Integrated Solar Panels Market: Key Players
The key players in global vehicle-integrated solar panels market are
Ford Motor Company
LOMOcean Design
Toyota Motor Corporation
PlanetSolar SA
Weifang Guangsheng New Energy Co. Ltd.
Surat Exim Pvt. Ltd.
SIKCO Engineering Services Pvt. Ltd.
Marine Navaids And Solar Auto Private Limited
JJ Solar and Vishal Sonepat Agro Tech (P) Ltd.
Cruise Car, Inc.
Explore PMR's Extensive Coverage on Automotive Domain -
Automotive Kingpin Market - Automotive Kingpin Market Segmented By Passenger Vehicle, Commercial Vehicle, OTR (Off The Road) Vehicle and Farm Services Vehicle with Sales Channel such as OEM (Original Equipment Manufacturer) and Aftermarket: https://www.globenewswire.com/en/news-release/2022/05/09/2438696/0/en/Automotive-Kingpin-Market-is-estimated-to-expand-at-a-CAGR-of-4-4-from-2022-to-2032-Persistence-Market-Research.html
Electric Vehicles Market - Electric Vehicles Market Segmented By Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles, Battery Electric Vehicles Technology with Stored Electricity, On Board Electric Generator Power Source in Passenger Cars, Commercial Vehicles, Two Wheelers: https://www.globenewswire.com/en/news-release/2022/05/03/2434763/0/en/Electric-Vehicles-Market-expected-to-witness-a-whopping-CAGR-of-over-25-between-2021-and-2031.html
Air Intake System Market - Air Intake System Market Segmented by Petrol Engines, Diesel Engines Type for Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles Type for OEM and Aftermarket: https://www.globenewswire.com/en/news-release/2022/04/20/2425625/0/en/Air-Intake-System-Market-is-predicted-to-reach-a-market-valuation-of-US-17-76-Bn-by-2032.html
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