Market Overview:
The global electric vehicle range extender market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe and the rising concerns over environmental pollution. The global electric vehicle range extender market is segmented on the basis of type, application, and region. On the basis of type, it is divided into ICE range extenders, fuel cell range extenders, and others. The ICE range extenders segment dominates the global electric vehicle range extender market owing to their low cost and easy availability as compared to other types of Range Extenders. However, fuel cell Range Extenders are expected to witness high growth during the forecast period due their advantages such as high efficiency and low emissions. On account of application, it is classified into passenger cars and commercial vehicles segments. Passenger cars held a dominant share in 2017 owing to increase in sales of hybrid & plug-in hybrid passenger cars across different regions worldwide.
Product Definition:
Electric Vehicle Range Extender is a device that helps electric vehicles travel further by providing power to the battery. This is important because it allows electric vehicles to travel farther without having to stop and recharge, which can be a hassle for some drivers.
ICE Range Extender:
The International Council on Clean Transportation (ICCT) has defined ICE range extender as an electric vehicle that uses a small internal combustion engine to power it, which is used to overcome the limitations of electric vehicles in cold weather and reduce the consumption of electricity. The major factor responsible for increasing the life expectancy of these vehicles is reduced usage of energy from charging station.
ICE range extender market by region: Europe, North America, Asia Pacific (APAC),.
Fuel Cell Range Extender:
The fuel cell range extender is a device that helps in extending the distance of electric vehicles (EV) by converting chemical energy derived from fuels into electricity. It has been observed that conventional batteries tend to lose their efficiency over large distances, owing to which companies are focusing on developing fuel cell technology for EV range extension. For instance, Honda has announced its plans to launch a prototype of such system by 2020 and commercialize it by 2025.
Application Insights:
Passenger cars are expected to dominate the global electric vehicle range extender market, accounting for over 70.0% share of the total revenue in 2017. The introduction of several affordable models such as Nissan LEAF, Tesla Model S and BMW i3 has expanded the target customer base for these systems significantly. Moreover, a growing number of charging stations is expected to provide an added advantage to these systems in terms of convenience and increased passenger car range.
The commercial vehicles segment is projected to expand at a CAGR more than 11% from 2018 to 2030 owing to increasing deployment of Electric Vehicle Charging Infrastructure (EVCI) by various governments across countries such as United States, China and Netherlands on account of benefits such as cost-effectiveness, ease in installation along with support from utility companies are anticipated fuel its demand growth over the forecast period.
Regional Analysis:
The North American regional market dominated the global electric vehicle range extender market in 2016 and is expected to continue its dominance over the forecast period. The presence of prominent players, such as Delphi Automotive PLC, Johnson Controls Inc., and Bosch GmbH in the region has resulted in higher product availability. Moreover, increasing demand for advanced technologies along with growing consumer preference for comfort while driving is likely to drive demand for extended range battery systems across this region.
Asia Pacific regional market accounted for a significant share of global revenue in 2016 owing to increased sales of EVs coupled with supportive government initiatives aimed at reducing carbon footprint associated with automotive transportation across countries such as China and Japan. Furthermore, favorable government policies promoting adoption of fuel-efficient vehicles are anticipated to further propel industry growth over the next eight years.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020. This would be driven by the increasing demand for environment-friendly and fuel-efficient vehicles.
- Government initiatives and subsidies: Governments across the globe are providing various incentives such as subsidies, tax rebates, and parking privileges to promote the adoption of electric vehicles. For instance, in China, a subsidy of up to 00 is offered on each electric vehicle purchase.
- Development of charging infrastructure: The development of charging infrastructure is crucial for the growth of the electric vehicle market as it would provide consumers with easy access to charging facilities. Various public and private organizations are investing in this area which is expected to boost the sales of electric vehicles in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Range Extender Market Research Report
By Type
ICE Range Extender, Fuel Cell Range Extender, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Magna, MAHLE, Rheinmetall, Plug Power, Ballard Power Systems, AVL, FEV, Delta Motorsport, Ceres Power, Nissan, Magna, BMW, Nikola Motor, Horizon Fuel Cell Technologies, Ashwoods Electric Motors
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Range Extender Market Report Segments:
The global Electric Vehicle Range Extender market is segmented on the basis of:
Types
ICE Range Extender, Fuel Cell Range Extender, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Magna
- MAHLE
- Rheinmetall
- Plug Power
- Ballard Power Systems
- AVL
- FEV
- Delta Motorsport
- Ceres Power
- Nissan
- Magna
- BMW
- Nikola Motor
- Horizon Fuel Cell Technologies
- Ashwoods Electric Motors
Highlights of The Electric Vehicle Range Extender Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ICE Range Extender
- Fuel Cell Range Extender
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicle Range Extender Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric vehicle range extender is a device that plugs into the electrical system of an electric car and amplifies the power going to the car's battery, extending its range.
Some of the major companies in the electric vehicle range extender market are Magna, MAHLE, Rheinmetall, Plug Power, Ballard Power Systems, AVL, FEV, Delta Motorsport, Ceres Power, Nissan, Magna, BMW, Nikola Motor, Horizon Fuel Cell Technologies, Ashwoods Electric Motors.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Vehicle Range Extender Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Vehicle Range Extender Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Vehicle Range Extender Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Vehicle Range Extender Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Vehicle Range Extender Market Size & Forecast, 2018-2028
4.5.1 Electric Vehicle Range Extender Market Size and Y-o-Y Growth
4.5.2 Electric Vehicle Range Extender Market Absolute $ Opportunity
Chapter 5 Global Electric Vehicle Range Extender Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electric Vehicle Range Extender Market Size Forecast by Type
5.2.1 ICE Range Extender
5.2.2 Fuel Cell Range Extender
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Vehicle Range Extender Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electric Vehicle Range Extender Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Vehicle Range Extender Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Vehicle Range Extender Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electric Vehicle Range Extender Analysis and Forecast
9.1 Introduction
9.2 North America Electric Vehicle Range Extender Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electric Vehicle Range Extender Market Size Forecast by Type
9.6.1 ICE Range Extender
9.6.2 Fuel Cell Range Extender
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electric Vehicle Range Extender Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electric Vehicle Range Extender Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Vehicle Range Extender Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electric Vehicle Range Extender Market Size Forecast by Type
10.6.1 ICE Range Extender
10.6.2 Fuel Cell Range Extender
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electric Vehicle Range Extender Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electric Vehicle Range Extender Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Vehicle Range Extender Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electric Vehicle Range Extender Market Size Forecast by Type
11.6.1 ICE Range Extender
11.6.2 Fuel Cell Range Extender
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electric Vehicle Range Extender Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electric Vehicle Range Extender Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Vehicle Range Extender Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electric Vehicle Range Extender Market Size Forecast by Type
12.6.1 ICE Range Extender
12.6.2 Fuel Cell Range Extender
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electric Vehicle Range Extender Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electric Vehicle Range Extender Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Vehicle Range Extender Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electric Vehicle Range Extender Market Size Forecast by Type
13.6.1 ICE Range Extender
13.6.2 Fuel Cell Range Extender
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electric Vehicle Range Extender Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Vehicle Range Extender Market: Competitive Dashboard
14.2 Global Electric Vehicle Range Extender Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magna
14.3.2 MAHLE
14.3.3 Rheinmetall
14.3.4 Plug Power
14.3.5 Ballard Power Systems
14.3.6 AVL
14.3.7 FEV
14.3.8 Delta Motorsport
14.3.9 Ceres Power
14.3.10 Nissan
14.3.11 Magna
14.3.12 BMW
14.3.13 Nikola Motor
14.3.14 Horizon Fuel Cell Technologies
14.3.15 Ashwoods Electric Motors
