Persistence Market Research

Vehicle-Integrated Solar Panels Market Expecting Worldwide Growth by 2026

Persistence Market Research analyzes the Vehicle-Integrated Solar Panels Market and trends influencing the market.


New York, NY -- (SBWIRE) -- 12/16/2016 -- A 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. A modern Hybrid Electric Vehicle (HEV) is equipped with a number of devices such as batteries, clocks, cigarette lighters, security systems, automatic diagnostic systems, power windows, lights, windshield wipers, radio, vent fans, entertainment systems, ignition systems, etc. The advantages of adoption of HEV or EV (Electric Vehicle) assisted by photovoltaic (PV) cells are reduction of the environmental pollution, reduction of fuel consumption and energy saving. The global vehicle-integrated solar panels market is projected to grow at a healthy CAGR during the forecast period.

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.

Global Vehicle-Integrated Solar Panels Market: Segmentation
The global vehicle-integrated solar panels market can be segmented as follows:

Global Vehicle-Integrated Solar Panels Market, by Vehicle Type
-Solar Two Wheelers
oSolar Bicycles
oSolar Motorcycles
-Solar Three Wheelers

-Solar Four Wheelers
oSolar Passenger Vehicles
oSolar Commercial Vehicles
oOther Solar Four Wheelers

-Solar Railways/Trains
-Solar-Powered Boat
-Solar Airplane
-Solar-Powered Spacecraft
-Solar Unmanned Aerial Vehicles (UAV) or Drones

Global Vehicle-Integrated Solar Panels Market, by Photovoltaic Sources
-Mono-Crystalline Silicon Cells
-Multi-Crystalline Silicon Cells

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.

Request for Sample Report and Table of Content @

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.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.

To Pre Book Report (Single User License)@

About Persistence Market Research
Persistence Market Research (PMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each PMR Syndicated Research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.