COVID-19 Impact on Solar Powered Car Market, Fact.MR Study

Rising awareness regarding climate change and its effects is driving the growth of the solar powered car market and this trend is expected to continue. Governments across the world are taking cognizance of the issue regarding carbon footprint left behind by vehicles running on fossil fuels and taking initiatives by supporting innovations and manufacturing of solar power based vehicles.


Dubai, UAE -- (SBWIRE) -- 11/30/2020 -- The new report on the Solar Powered Car market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019. The study provides of global solar powered car market is projected to exhibit a CAGR of around 20% through 2030. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Solar Powered Car market.

The novel Coronavirus (COVID-19) has caused a slowdown in business activities of the Solar Powered Car Market. With the help of our upcoming report, market players can gain important insights on alternative strategies that can help in revenue generation. Learn which countries are flourishing amidst the Coronavirus era and how your product offerings can reach the right target consumer. The leading factors that are likely to impact the growth of the Solar Powered Car Market over the assessment period are thoroughly analyzed in the report.

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To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:

North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
APEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)
South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)
The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis.

The study provides detailed profile of key players and their offering in the Solar Powered Car market, which 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

The report offers insight into the competitive dynamic in the Solar Powered Car market which has shaped the major strategies of each player. It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research investments, of each prominent player. The key factors that shape the entry barrier and intensity of competition in the Solar Powered Car market are presented in the analysis. Further, the study provides Pestle analyses of numerous players and an evaluation of how the competitive landscape will evolve over the forecast period.

On the basis of Solar Component industry, the global Solar Powered Car market report offers insights into the opportunities and new avenues of following key segments:

Solar Arrays
Power Trackers
By Car,


By Electric Car,


By Application,


In order to analyze growth prospects in aforementioned segments in the global Solar Powered Car market, the study assesses demand and consumption patterns of following Material segments

Crystalline Silicon Solar Cells
Thin-Film Solar Cells

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The global Solar Powered Car market report answers numerous pertinent questions, some of which are:

What are some of the latent areas of investments in the Solar Powered Car market?
Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
What trends are likely to change the status quo of the positions held by leading players of the Solar Powered Car market in the not-so-distant future?
Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Solar Powered Car market?
What are the strategies adopted by top players to retain their stronghold in the Solar Powered Car market?
Which strategic moves will new entrants adopt to gain a strong foothold in the Solar Powered Car market?

How can Fact.MR Make Difference?

In-depth understanding of key industry trends shaping the present growth dynamics
Offers value chain analysis and price trend analysis of various offering of competitors
Offers data-drive decision to help companies decide strategies that need recalibration
Offers insights into areas in research and development that should attract
Identifies data outliers before your competitors

Media Release: https://www.factmr.com/media-release/1737/global-solar-powered-car-market