Solar Panel for Electric Vehicle and Chargers Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
To reduce the load on the electric grid for EV charging systems, off-grid chargers powered by solar energy are utilized. These solar panels are able to help electric charging systems in a hybrid manner or be completely off-grid chargers for charging electric vehicles. The growth is attributed to low prices associated with solar charging and surging research and development activities for developing more advanced electric vehicles. Further, the stringent regulations regarding environmental pollution also fuel the demand for solar panels for electric vehicle charging. The demand for a solar-powered electric vehicle is significantly rising across the globe. Additionally, solar panels are the energy-efficient source of charging, thereby positively influencing the market growth.
MARKET SCOPE
The "Global Solar Panel for Electric Vehicle and Chargers Market Analysis to 2028" is a specialized and in-depth study of the solar panel with a special focus on the global market trend analysis. The report aims to provide an overview of the solar panel for electric vehicle and chargers market with detailed market segmentation by charger levels, vehicle types, material type and geography. The report provides key statistics on the market status of the leading solar panel for electric vehicle and chargers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of charger levels the market is segmented into level 1, level 2, and level 3
- On the basis of vehicles types the market is segmented into two-wheelers & three-wheelers, passenger vehicles, commercial vehicles
- On the basis material type, the market is segmented as monocrystalline, poly-crystalline, and others
Drivers:
- Rise in demand for electric vehicles
- Increase in R&D investments for introducing energy efficient solar panels
- High cost of solar panels and installation restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America. The solar panel for electric vehicle and chargers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the solar panel for electric vehicle and chargers market in these regions.
IMPACT OF COVID-19 ON SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET
The emergence of the COVID-19 has severely impacted the solar panel for electric vehicle and chargers market, which resulted decline in the demand for solar panels in the year 2020. The sudden outbreak of the COVID-19 pandemic has adversely affected the global solar panel for electric vehicles and chargers market due to the lockdown imposed and restrictions on cross-border trade, disrupting the supply chain. Further, the temporary shutdown of large-scale manufacturing units and assembly plants throughout the world has negatively affected the production of solar panels. The imposition of lockdown and stringent restriction rules undertaken by the government negatively influenced the overall growth of the automotive industry. However, as the government has started relaxing norms for resuming business activities from 2021, the global solar panel for electric vehicles and chargers market is very likely to witness substantial growth in the forecast period. The upcoming investment prospects in electric vehicles industry is anticipated to boost the market growth over the projected period.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America. The solar panel for electric vehicle and chargers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the solar panel for electric vehicle and chargers market in these regions.
IMPACT OF COVID-19 ON SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET
The emergence of the COVID-19 has severely impacted the solar panel for electric vehicle and chargers market, which resulted decline in the demand for solar panels in the year 2020. The sudden outbreak of the COVID-19 pandemic has adversely affected the global solar panel for electric vehicles and chargers market due to the lockdown imposed and restrictions on cross-border trade, disrupting the supply chain. Further, the temporary shutdown of large-scale manufacturing units and assembly plants throughout the world has negatively affected the production of solar panels. The imposition of lockdown and stringent restriction rules undertaken by the government negatively influenced the overall growth of the automotive industry. However, as the government has started relaxing norms for resuming business activities from 2021, the global solar panel for electric vehicles and chargers market is very likely to witness substantial growth in the forecast period. The upcoming investment prospects in electric vehicles industry is anticipated to boost the market growth over the projected period.
MARKET PLAYERS
The report covers key developments in the solar panel for electric vehicle and chargers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in solar panel for electric vehicle and chargers market are anticipated to get lucrative growth opportunities in the future owing increase in demand for electric vehicles.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solar panel for electric vehicle and chargers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Electrify America
- Beam Global
- Empower Solar
- Ovo Energy Ltd.
- MyEnergi Ltd.
- WallBox Chargers S.L.
- Power-Sonic
- Hanergy the Film Power
- Wiocor Ltd.
- Vivint Solar
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Solar Panel For Electric Vehicle And Chargers Market - By Charger Levels
1.3.2 Solar Panel For Electric Vehicle And Chargers Market - By Vehicle Types
1.3.3 Solar Panel For Electric Vehicle And Chargers Market - By Material Type
1.3.4 Solar Panel For Electric Vehicle And Chargers Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET - GLOBAL MARKET ANALYSIS
6.1. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS - GLOBAL MARKET OVERVIEW
6.2. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET - REVENUE AND FORECASTS TO 2028 - CHARGER LEVELS
7.1. OVERVIEW
7.2. CHARGER LEVELS MARKET FORECASTS AND ANALYSIS
7.3. LEVEL 1
7.3.1. Overview
7.3.2. Level 1 Market Forecast and Analysis
7.4. LEVEL 2
7.4.1. Overview
7.4.2. Level 2 Market Forecast and Analysis
7.5. LEVEL 3
7.5.1. Overview
7.5.2. Level 3 Market Forecast and Analysis
8. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPES
8.1. OVERVIEW
8.2. VEHICLE TYPES MARKET FORECASTS AND ANALYSIS
8.3. TWO AND THREE-WHEELER VEHICLES
8.3.1. Overview
8.3.2. Two and Three-Wheeler Vehicles Market Forecast and Analysis
8.4. PASSENGER VEHICLES
8.4.1. Overview
8.4.2. Passenger Vehicles Market Forecast and Analysis
8.5. COMMERCIAL VEHICLES
8.5.1. Overview
8.5.2. Commercial Vehicles Market Forecast and Analysis
9. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL TYPE
9.1. OVERVIEW
9.2. MATERIAL TYPE MARKET FORECASTS AND ANALYSIS
9.3. MONOCRYSTALLINE
9.3.1. Overview
9.3.2. Monocrystalline Market Forecast and Analysis
9.4. POLY-CRYSTALLINE
9.4.1. Overview
9.4.2. Poly-crystalline Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Solar Panel For Electric Vehicle And Chargers Market Overview
10.1.2 North America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis
10.1.3 North America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Charger Levels
10.1.4 North America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Vehicle Types
10.1.5 North America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Material Type
10.1.6 North America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Countries
10.1.6.1 United States Solar Panel For Electric Vehicle And Chargers Market
10.1.6.1.1 United States Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.1.6.1.2 United States Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.1.6.1.3 United States Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.1.6.2 Canada Solar Panel For Electric Vehicle And Chargers Market
10.1.6.2.1 Canada Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.1.6.2.2 Canada Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.1.6.2.3 Canada Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.1.6.3 Mexico Solar Panel For Electric Vehicle And Chargers Market
10.1.6.3.1 Mexico Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.1.6.3.2 Mexico Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.1.6.3.3 Mexico Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.2. EUROPE
10.2.1 Europe Solar Panel For Electric Vehicle And Chargers Market Overview
10.2.2 Europe Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis
10.2.3 Europe Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Charger Levels
10.2.4 Europe Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Vehicle Types
10.2.5 Europe Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Material Type
10.2.6 Europe Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Solar Panel For Electric Vehicle And Chargers Market
10.2.6.1.1 Germany Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.2.6.1.2 Germany Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.2.6.1.3 Germany Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.2.6.2 France Solar Panel For Electric Vehicle And Chargers Market
10.2.6.2.1 France Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.2.6.2.2 France Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.2.6.2.3 France Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.2.6.3 Italy Solar Panel For Electric Vehicle And Chargers Market
10.2.6.3.1 Italy Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.2.6.3.2 Italy Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.2.6.3.3 Italy Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.2.6.4 United Kingdom Solar Panel For Electric Vehicle And Chargers Market
10.2.6.4.1 United Kingdom Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.2.6.4.2 United Kingdom Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.2.6.4.3 United Kingdom Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.2.6.5 Russia Solar Panel For Electric Vehicle And Chargers Market
10.2.6.5.1 Russia Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.2.6.5.2 Russia Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.2.6.5.3 Russia Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.2.6.6 Rest of Europe Solar Panel For Electric Vehicle And Chargers Market
10.2.6.6.1 Rest of Europe Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.2.6.6.2 Rest of Europe Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.2.6.6.3 Rest of Europe Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market Overview
10.3.2 Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis
10.3.3 Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Charger Levels
10.3.4 Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Vehicle Types
10.3.5 Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Material Type
10.3.6 Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Solar Panel For Electric Vehicle And Chargers Market
10.3.6.1.1 Australia Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.3.6.1.2 Australia Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.3.6.1.3 Australia Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.3.6.2 China Solar Panel For Electric Vehicle And Chargers Market
10.3.6.2.1 China Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.3.6.2.2 China Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.3.6.2.3 China Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.3.6.3 India Solar Panel For Electric Vehicle And Chargers Market
10.3.6.3.1 India Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.3.6.3.2 India Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.3.6.3.3 India Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.3.6.4 Japan Solar Panel For Electric Vehicle And Chargers Market
10.3.6.4.1 Japan Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.3.6.4.2 Japan Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.3.6.4.3 Japan Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.3.6.5 South Korea Solar Panel For Electric Vehicle And Chargers Market
10.3.6.5.1 South Korea Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.3.6.5.2 South Korea Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.3.6.5.3 South Korea Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.3.6.6 Rest of Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market
10.3.6.6.1 Rest of Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.3.6.6.2 Rest of Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.3.6.6.3 Rest of Asia-Pacific Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market Overview
10.4.2 Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis
10.4.3 Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Charger Levels
10.4.4 Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Vehicle Types
10.4.5 Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Material Type
10.4.6 Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Solar Panel For Electric Vehicle And Chargers Market
10.4.6.1.1 South Africa Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.4.6.1.2 South Africa Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.4.6.1.3 South Africa Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.4.6.2 Saudi Arabia Solar Panel For Electric Vehicle And Chargers Market
10.4.6.2.1 Saudi Arabia Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.4.6.2.2 Saudi Arabia Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.4.6.2.3 Saudi Arabia Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.4.6.3 U.A.E Solar Panel For Electric Vehicle And Chargers Market
10.4.6.3.1 U.A.E Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.4.6.3.2 U.A.E Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.4.6.3.3 U.A.E Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.4.6.4 Rest of Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market
10.4.6.4.1 Rest of Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.4.6.4.2 Rest of Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.4.6.4.3 Rest of Middle East and Africa Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Solar Panel For Electric Vehicle And Chargers Market Overview
10.5.2 South and Central America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis
10.5.3 South and Central America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Charger Levels
10.5.4 South and Central America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Vehicle Types
10.5.5 South and Central America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Material Type
10.5.6 South and Central America Solar Panel For Electric Vehicle And Chargers Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Solar Panel For Electric Vehicle And Chargers Market
10.5.6.1.1 Brazil Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.5.6.1.2 Brazil Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.5.6.1.3 Brazil Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.5.6.2 Argentina Solar Panel For Electric Vehicle And Chargers Market
10.5.6.2.1 Argentina Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.5.6.2.2 Argentina Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.5.6.2.3 Argentina Solar Panel For Electric Vehicle And Chargers Market by Material Type
10.5.6.3 Rest of South and Central America Solar Panel For Electric Vehicle And Chargers Market
10.5.6.3.1 Rest of South and Central America Solar Panel For Electric Vehicle And Chargers Market by Charger Levels
10.5.6.3.2 Rest of South and Central America Solar Panel For Electric Vehicle And Chargers Market by Vehicle Types
10.5.6.3.3 Rest of South and Central America Solar Panel For Electric Vehicle And Chargers Market by Material Type
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SOLAR PANEL FOR ELECTRIC VEHICLE AND CHARGERS MARKET, KEY COMPANY PROFILES
12.1. ELECTRIFY AMERICA
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BEAM GLOBAL
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. EMPOWER SOLAR
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. OVO ENERGY LTD.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MYENERGI LTD.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. WALLBOX CHARGERS S.L.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. WIOCOR LTD.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. VIVINT SOLAR
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. HANERGY THE FILM POWER
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. POWER-SONIC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1.Electrify America
2.Beam Global
3.Empower Solar
4.Ovo Energy Ltd.
5.MyEnergi Ltd.
6.WallBox Chargers S.L.
7.Wiocor Ltd.
8.Vivint Solar
9.Hanergy the Film Power
10.Power-Sonic
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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