Market Overview:
The global new energy 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 and the rising concerns over environmental pollution. The air cooled range extender segment is expected to dominate the market during the forecast period, owing to its low cost and easy installation. However, water cooled range extenders are expected to grow at a higher rate due to their high efficiency and longer life span. Passenger cars are anticipated to account for a larger share of the new energy vehicle range extender market in terms of volume, while commercial vehicles are projected register a higher CAGR during the forecast period.
Product Definition:
A New Energy Vehicle Range Extender is a device that helps to increase the range of a new energy vehicle. It does this by providing power to the electric drivetrain or battery pack when needed. The importance of this technology is that it helps to make new energy vehicles more practical and usable for consumers.
Water-Cooled Range Extender:
Water-cooled range extender is a heat exchanger used to cool the gases produced during the combustion of fossil fuels and nuclear fuels. The WCE uses water as a coolant and works by transferring heat from one side to another via cooling towers, evaporation, or condensation.
The global WCE market size was valued at USD 1.8 billion in 2016.
Air Cooled Range Extender:
The air-cooled range extender is a heat exchanger used to cool the battery packs of electric vehicles. It works by transferring heat from the batteries to an external cooling medium, which can be ambient air or water. The key benefit of these systems is that they allow for a significant increase in range while maintaining efficiency and safety standards required by government agencies such as U.S. EPA and NHTSA (National Highway Traffic Safety Administration).
Application Insights:
Passenger cars are expected to emerge as the fastest-growing segment over the forecast period. The growth can be attributed to increasing demand for passenger vehicles in emerging economies of Asia Pacific and Latin America. Countries such as China, India, and Brazil are registering a rapid growth in their automotive sector on account of low cost land, easy availability of raw materials including labor, flexible working hours etc., favorable government policies regarding foreign direct investment (FDI), technological support from automobile manufacturers along with an increase in disposable income levels among people is expected to boost the global new energy vehicle range extender market for passenger cars over the forecast period.
Commercial Vehicles also hold promising prospects but with a lower CAGR than that of passenger cars owing to various factors such as higher purchase price and maintenance cost etc., which reduces its profitability margin thus affecting its demand negatively.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing sales of electric vehicles and government initiatives promoting new-age fuel technologies such as hydrogen fuel cell vehicles. For instance, China has planned to manufacture around 5 million electric cars by 2020. Such developments are anticipated to boost demand for range extenders in this region.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing high adoption rate of ecofriendly vehicles across countries such as Norway, Sweden, Denmark, Germany etc., which are among top 10 producers of automobiles in Europe.
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, according to a MarketsandMarkets research study. This growth can be attributed to the increasing environmental concerns, government initiatives encouraging the use of electric vehicles, and the rising number of charging stations.
- Development of new technologies: Range extenders are becoming more efficient with each iteration, due to advances in technology. For instance, solid-state batteries are being developed that could potentially triple the range of current battery packs while taking up less space and being cheaper to produce.
- Growing popularity of shared mobility services: Shared mobility services such as car sharing and ride hailing are growing in popularity, especially in urban areas where traffic congestion is a major issue. These services rely on fleets of electric vehicles that need reliable range extenders for extended operation times between charges/refueling stops.
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Vehicle Range Extender Market Research Report
By Type
Water-Cooled Range Extender, Air Cooled Range Extender
By Application
Passenger Cars, Commercial Vehicles
By Companies
Magna, Mahle, Ballard Power Systems, Nikola Motor, Delta Motorsport, Chery New Energy, GM, Suzhou DSM Green Power, General Motors, Rheinmetall Automotive
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Vehicle Range Extender Market Report Segments:
The global New Energy Vehicle Range Extender market is segmented on the basis of:
Types
Water-Cooled Range Extender, Air Cooled Range Extender
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
- Ballard Power Systems
- Nikola Motor
- Delta Motorsport
- Chery New Energy
- GM
- Suzhou DSM Green Power
- General Motors
- Rheinmetall Automotive
Highlights of The New Energy 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:
- Water-Cooled Range Extender
- Air Cooled Range Extender
- 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 New Energy 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?
A New Energy Vehicle Range Extender is a device that helps extend the range of electric vehicles. It does this by providing an additional power source to the vehicle, allowing it to travel further than it would be able to on its own.
Some of the major players in the new energy vehicle range extender market are Magna, Mahle, Ballard Power Systems, Nikola Motor, Delta Motorsport, Chery New Energy, GM, Suzhou DSM Green Power, General Motors, Rheinmetall Automotive.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. New Energy Vehicle Range Extender Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. New Energy Vehicle Range Extender Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. New Energy Vehicle Range Extender Market - Supply Chain
4.5. Global New Energy Vehicle Range Extender Market Forecast
4.5.1. New Energy Vehicle Range Extender Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. New Energy Vehicle Range Extender Market Size (000 Units) and Y-o-Y Growth
4.5.3. New Energy Vehicle Range Extender Market Absolute $ Opportunity
5. Global New Energy Vehicle Range Extender Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. New Energy Vehicle Range Extender Market Size and Volume Forecast by Type
5.3.1. Water-Cooled Range Extender
5.3.2. Air Cooled Range Extender
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global New Energy Vehicle Range Extender Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. New Energy Vehicle Range Extender Market Size and Volume Forecast by Application
6.3.1. Passenger Cars
6.3.2. Commercial Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global New Energy Vehicle Range Extender Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. New Energy Vehicle Range Extender Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global New Energy Vehicle Range Extender Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. New Energy Vehicle Range Extender Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global New Energy Vehicle Range Extender Demand Share Forecast, 2019-2026
9. North America New Energy Vehicle Range Extender Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America New Energy Vehicle Range Extender Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America New Energy Vehicle Range Extender Market Size and Volume Forecast by Application
9.4.1. Passenger Cars
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America New Energy Vehicle Range Extender Market Size and Volume Forecast by Type
9.7.1. Water-Cooled Range Extender
9.7.2. Air Cooled Range Extender
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America New Energy Vehicle Range Extender Demand Share Forecast, 2019-2026
10. Latin America New Energy Vehicle Range Extender Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America New Energy Vehicle Range Extender Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America New Energy Vehicle Range Extender Market Size and Volume Forecast by Application
10.4.1. Passenger Cars
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America New Energy Vehicle Range Extender Market Size and Volume Forecast by Type
10.7.1. Water-Cooled Range Extender
10.7.2. Air Cooled Range Extender
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America New Energy Vehicle Range Extender Demand Share Forecast, 2019-2026
11. Europe New Energy Vehicle Range Extender Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe New Energy Vehicle Range Extender Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe New Energy Vehicle Range Extender Market Size and Volume Forecast by Application
11.4.1. Passenger Cars
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe New Energy Vehicle Range Extender Market Size and Volume Forecast by Type
11.7.1. Water-Cooled Range Extender
11.7.2. Air Cooled Range Extende
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe New Energy Vehicle Range Extender Demand Share, 2019-2026
12. Asia Pacific New Energy Vehicle Range Extender Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific New Energy Vehicle Range Extender Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific New Energy Vehicle Range Extender Market Size and Volume Forecast by Application
12.4.1. Passenger Cars
12.4.2. Commercial Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific New Energy Vehicle Range Extender Market Size and Volume Forecast by Type
12.7.1. Water-Cooled Range Extender
12.7.2. Air Cooled Range Extender
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific New Energy Vehicle Range Extender Demand Share, 2019-2026
13. Middle East & Africa New Energy Vehicle Range Extender Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa New Energy Vehicle Range Extender Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa New Energy Vehicle Range Extender Market Size and Volume Forecast by Application
13.4.1. Passenger Cars
13.4.2. Commercial Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa New Energy Vehicle Range Extender Market Size and Volume Forecast by Type
13.7.1. Water-Cooled Range Extender
13.7.2. Air Cooled Range Extender
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa New Energy Vehicle Range Extender Demand Share, 2019-2026
14. Competition Landscape
14.1. Global New Energy Vehicle Range Extender Market: Market Share Analysis
14.2. New Energy Vehicle Range Extender Distributors and Customers
14.3. New Energy Vehicle Range Extender Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Magna
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mahle
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ballard Power Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nikola Motor
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Delta Motorsport
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Chery New Energy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Suzhou DSM Green Power
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. General Motors
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Rheinmetall Automotive
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
