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PUBLISHER: IMARC | PRODUCT CODE: 1347589
PUBLISHER: IMARC | PRODUCT CODE: 1347589
Electric Vehicle Range Extender Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global electric vehicle (ev) range extender market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2028, exhibiting a growth rate (CAGR) of 10.2% during 2023-2028.
Battery electric vehicles (BEVs) generally have low range characteristics, which hinder their market penetration worldwide. As a result, there is a rise in the need for electric vehicle range extenders that can generate additional power to charge the battery. These extenders are auxiliary power units (AUP) consisting of an onboard fuel converter that produces electrical energy from a liquid fuel like gasoline. They also allow original equipment manufacturers (OEMs) to lower the capital costs of BEVs by downsizing the battery. Some of the commonly available electric vehicle range extenders are internal combustion engines (ICEs), fuel cells, and other engine types.
Electric Vehicle Range Extender Market Trends:
Shifting consumer inclination toward hybrid electric vehicles (HEVs) on account of rapid urbanization, improving income levels, and the limited average range of electric vehicles (EVs) represent one of the key factors bolstering the market growth. Apart from this, as electric vehicle range extenders can be powered using environmental-friendly fuels, such as biodiesel or solar power, which eliminate the consumption of fossil fuels, the growing environmental awareness among the masses is contributing to the market growth. Besides this, key market players are focusing on introducing clean electric vehicle range extenders that offer electric propulsion with zero local carbon dioxide (CO2) emissions. These new ranger extenders include micro gas turbines and solid oxide fuel cells (SOFCs), which are compact and cost-effective, provide high power density, and can be paired with an EV platform. This, in confluence with the rising demand for a considerable alternative to conventional vehicles as they significantly contribute to noise and atmospheric pollution, is anticipated to provide a positive outlook to the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global electric vehicle range extender market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component and vehicle type.
Breakup by Type:
Fuel Cell Range Extender
ICE Range Extender
Others
Breakup by Component:
Battery Pack
Power Converter
Generator
Electric Motor
Breakup by Vehicle Type:
Passenger Vehicle
Commercial Vehicle
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AB Volvo, AVL, Ballard Power Systems Inc., Bayerische Motoren Werke AG, Ceres Power, Emoss Mobile Systems B.V. (Precision Camshafts Limited), General Motors Company, Magna International Inc., MAHLE GmbH, Nissan Motor Co. Ltd. (Groupe Renault) and Rheinmetall AG.
Key Questions Answered in This Report:
- How has the global electric vehicle range extender market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global electric vehicle range extender market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the vehicle type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global electric vehicle range extender market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5735
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Electric Vehicle Range Extender Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Fuel Cell Range Extender
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 ICE Range Extender
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Component
- 7.1 Battery Pack
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Power Converter
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Generator
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Electric Motor
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Passenger Vehicle
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Vehicle
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AB Volvo
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 AVL
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Ballard Power Systems Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Bayerische Motoren Werke AG
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Ceres Power
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Emoss Mobile Systems B.V. (Precision Camshafts Limited)
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 General Motors Company
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Magna International Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 MAHLE GmbH
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 Nissan Motor Co. Ltd. (Groupe Renault)
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Rheinmetall AG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.1 AB Volvo
Product Code: SR112023A5735
List of Figures
- Figure 1: Global: Electric Vehicle Range Extender Market: Major Drivers and Challenges
- Figure 2: Global: Electric Vehicle Range Extender Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Electric Vehicle Range Extender Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Electric Vehicle Range Extender Market: Breakup by Type (in %), 2022
- Figure 5: Global: Electric Vehicle Range Extender Market: Breakup by Component (in %), 2022
- Figure 6: Global: Electric Vehicle Range Extender Market: Breakup by Vehicle Type (in %), 2022
- Figure 7: Global: Electric Vehicle Range Extender Market: Breakup by Region (in %), 2022
- Figure 8: Global: Electric Vehicle Range Extender (Fuel Cell Range Extender) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Electric Vehicle Range Extender (Fuel Cell Range Extender) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Electric Vehicle Range Extender (ICE Range Extender) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Electric Vehicle Range Extender (ICE Range Extender) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Electric Vehicle Range Extender (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Electric Vehicle Range Extender (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Electric Vehicle Range Extender (Battery Pack) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Electric Vehicle Range Extender (Battery Pack) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Electric Vehicle Range Extender (Power Converter) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Electric Vehicle Range Extender (Power Converter) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Electric Vehicle Range Extender (Generator) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Electric Vehicle Range Extender (Generator) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Electric Vehicle Range Extender (Electric Motor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Electric Vehicle Range Extender (Electric Motor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Electric Vehicle Range Extender (Passenger Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Electric Vehicle Range Extender (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Electric Vehicle Range Extender (Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Electric Vehicle Range Extender (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: North America: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: North America: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: United States: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: United States: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Canada: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Canada: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Asia-Pacific: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Asia-Pacific: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: China: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: China: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Japan: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Japan: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: India: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: India: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: South Korea: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: South Korea: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Australia: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Australia: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Indonesia: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Indonesia: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Others: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Others: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Europe: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Europe: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Germany: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Germany: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: France: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: France: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United Kingdom: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United Kingdom: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Italy: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Italy: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Spain: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Spain: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Russia: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Russia: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Brazil: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Brazil: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Mexico: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Mexico: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Middle East and Africa: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Middle East and Africa: Electric Vehicle Range Extender Market: Breakup by Country (in %), 2022
- Figure 74: Middle East and Africa: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Electric Vehicle Range Extender Industry: SWOT Analysis
- Figure 76: Global: Electric Vehicle Range Extender Industry: Value Chain Analysis
- Figure 77: Global: Electric Vehicle Range Extender Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Electric Vehicle Range Extender Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Electric Vehicle Range Extender Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Electric Vehicle Range Extender Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 4: Global: Electric Vehicle Range Extender Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 5: Global: Electric Vehicle Range Extender Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Electric Vehicle Range Extender Market: Competitive Structure
- Table 7: Global: Electric Vehicle Range Extender Market: Key Players
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