A recent study by Fact.MR on the solar powered car market offers a 10-year forecast for 2021 to 2031.
Fact.MR uses a bottom-up data collection approach for collecting Solar Powered Car market demand side historical and base year data. The historical and base year Solar Powered Car market sizing is based on the vehicle production and vehicle parc (fleet on road). For OEM Solar Powered Car market analysis, the team tracks the vehicle production across the prominent countries/regions and then cross map the same with the average usage of the product in a type of vehicle (passenger car, light commercial vehicle, heavy commercial vehicle, and two wheeler). For aftermarket, the team tracks the vehicle parc (vehicle-on-road) for prominent countries/regions and cross map the same with the replacement rate of the product in a given year for each vehicle type.
A comprehensive estimate of the Solar Powered Car market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Solar Powered Car during the forecast period. Price point comparison by region with the global average price is also considered in the study.
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Key Segments Covered in Solar Powered Car Industry Research
The secondary research includes Solar Powered Car market data and information presentations by researchers, institutions, company annual reports, investor presentations, annual filings, scholarly journals, white papers, research documents, trade journals, and other sources such as International Organization of Motor Vehicle Manufacturers (OICA), Society of Indian Automobile Manufacturers (SIAM), Japan Automobile Manufacturers Association, Inc. (JAMA), ASEAN Automotive Federation (AAF), Korea Automobile Manufacturers Association (KAMA), European Automobile Manufacturers Association (ACEA), The Society of Motor Manufacturers and Traders Ltd (SMMT), , The World Bank, International Monetary Fund (IMF), and MarkLines among others.
Some Notable Offerings by Fact.MR Report on Solar Powered Car market:
Some of the Solar Powered Car Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
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Key Takeaways from the Solar Powered Car Market
Solar Powered Car Market: Competitive Landscape
Manufacturers in the global solar powered car market are focusing on technological innovations in order to sustain in the competitive edge. Mergers and acquisitions along with partnering with other companies are a few other effective strategies used by the players in the market to gain advantage over their competitors.
Furthermore, companies in the solar powered car market are concentrating on designing utility vehicles with aesthetics intended to appeal to the consumer along with minimal and compact design. Some of the big players are bringing in prototypes and demo models to gauge and tap the interests of consumers.
With many strategies in place, the integration of solar technology into automobiles is set to give first movers advantage to the manufacturers as personal solar powered car are yet to witness a full-fledged launch.
For instance, Lightyear has come up with Lightyear One, which is a long range solar electric car which is designed to be grid-independent. This vehicle is two to three times more efficient than the other vehicles currently in the market, according to the manufacturer. As a result, the vehicle has lowest emissions, lowest charging frequency and clean solar range every year.
Some of the key players currently operating in the global solar powered car market 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
Read More Trending Reports of Fact.MR: –https://www.globenewswire.com/en/news-release/2018/04/09/1466693/0/en/North-America-to-Lead-the-Global-Auto-Infotainment-Market-During-the-Period-of-Assessment.html
After reading the Market insights of Solar Powered Car Report, readers can:
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