The global vehicle-integrated solar panels market size is estimated to grow from US$ 7.5 billion in 2021 to US$ 31.05 billion by 2030, growing at a CAGR of 17.1% during the forecast period from 2022 to 2030.
In order to integrate solar systems into the electrical grid while retaining grid efficiency, security, and dependability, technologies, and techniques must be developed. Solar panels known as "vehicle-integrated solar panels," are effectively built into the body of cars or other vehicles. Depending on how big they are and what will fit the vehicle design the best, these can be installed on top, inside, or beneath the roofing structure. They supply electricity during the day and act as a source of recharging for electronic devices like laptops and cell phones.
Factors Impacting the Growth of the Global Market
Uncertainty of the COVID-19 Pandemic
Due to the lack of available components that must be put in vehicles, COVID-19 has had a negative effect on the solar vehicle business. Following COVID-19, the market is likely to develop profitably owing to the rising demand for environmentally friendly vehicle fuels, which, in turn, fuels market expansion.
Regional Outlook
Asia Pacific is likely to dominate the global vehicle-integrated solar panel market. The Asia Pacific region is the highest market for autos because rising consumer spending power has sparked a demand for vehicles. Additionally, the climate in Southeast Asian nations is favorable for these cars. Further, the Asia Pacific market is likely to increase throughout the projected period due to the region's rising nations' strong need for passenger automobiles.
Europe is likely to grow at the highest CAGR from 2022 to 2030. Strict environmental regulations and pollution control measures will hasten the adoption of solar vehicles in the area. In the not-too-distant future, every new automobile sold in Europe will be electric, predicts a recent analysis by ING, a major European financial organization. Electric vehicles are more effective when solar panels are integrated into them, which could result in a greater uptake of these vehicles in the area. This is due to favorable government assistance, declining battery costs, and economies of scale.
Prominent Companies
The leading players profiled in the global Vehicle-Integrated Solar Panels Market are:
Segmentation Outline
The global vehicle-integrated solar panels market segmentation focuses on Type, Application, and Region.
By Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL VEHICLE-INTEGRATED SOLAR PANELS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL VEHICLE-INTEGRATED SOLAR PANELS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL VEHICLE-INTEGRATED SOLAR PANELS MARKET, BY TYPE
5.1 OVERVIEW
5.2 MONO-CRYSTALLINE SILICON CELLS
5.3 MULTI-CRYSTALLINE SILICON CELLS
6 GLOBAL VEHICLE-INTEGRATED SOLAR PANELS MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 PASSENGER CAR
6.3 COMMERCIAL VEHICLE
7 GLOBAL VEHICLE-INTEGRATED SOLAR PANELS MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL VEHICLE-INTEGRATED SOLAR PANELS MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
9 COMPANY PROFILES
9.1 FORD MOTOR
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.2 LOMOCEAN DESIGN
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.3 TOYOTA MOTOR
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.4 PLANETSOLAR
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.5 WEIFANG GUANGSHENG NEW ENERGY
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.6 SURAT EXIM
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.7 JJ SOLAR
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
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