Electric Vehicle Range Extender Market by Extender Type (Fuel Cell Range Extender, ICE Range Extender), Component (Battery Pack, Electric Motor, Generator), Vehicle Type - Global Forecast 2024-2030


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Electric Vehicle Range Extender Market by Extender Type (Fuel Cell Range Extender, ICE Range Extender), Component (Battery Pack, Electric Motor, Generator), Vehicle Type - Global Forecast 2024-2030


The Electric Vehicle Range Extender Market size was estimated at USD 24.59 billion in 2023 and expected to reach USD 27.37 billion in 2024, at a CAGR 11.55% to reach USD 52.86 billion by 2030.

Global Electric Vehicle Range Extender MarketAn electric vehicle range extender (EVRE) is essentially a system that improves the overall range of electric vehicles (EVs). The primary function of these systems is to supplement the vehicle's main electric power source, thereby allowing the vehicle to travel greater distances without needing a recharge. Increasing adoption of electric vehicles worldwide, progressive government policies promoting EVs, advancements in battery technologies, and rising consumer demand for longer driving ranges have accelerated the adoption of EVRE. However, high initial costs associated with range extender components and their complex installation may deter some consumers from adopting them. Ongoing research and development activities focused on enhancing energy density and charging capabilities while reducing costs are expected to provide potential opportunities in this market. Advancements in fuel cell systems could provide efficient and environmentally friendly alternatives to gasoline or diesel range extenders, particularly for heavy-duty applications such as trucks and buses.Regional InsightsThe Americas represents a significant market for electric vehicles, with countries such as the United States and Canada leading in terms of EV adoption. The U.S. Department of Energy has set ambitious targets to achieve EV market penetration by promoting various initiatives such as tax incentives for buyers and investment in charging infrastructure. Consequently, the demand for electric vehicle range extenders (EVRE) has also grown to meet consumer expectations around driving range capabilities. Major market players have invested in developing their own range of extender technologies to support their expanding portfolio of plug-in hybrid and all-electric vehicles. Asia observes a rising EV proliferation due to its rapid industrialization and emphasis on renewable energy sources. Governments in the region are offering generous subsidies for EV adoption, while market players are continuously investing in research and development efforts towards enhancing battery technology and exploring advanced EVRE systems. Europe's commitment to reducing greenhouse gas emissions has resulted in widespread support for electric vehicle adoption at both national and regional levels. European automakers have embraced this transition by investing significantly in research and development of EV technologies, including range extenders.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electric Vehicle Range Extender Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electric Vehicle Range Extender Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electric Vehicle Range Extender Market, highlighting leading vendors and their innovative profiles. These include AVL group, Ballard Power Systems Inc., BMW Group, BorgWarner Inc., Ceres Power Holdings plc, Daimler AG, Danfoss Power Solutions, Ford Motor Company, H2SYS, Hyfindr GmbH, IDTechEx Ltd, Lectron EV., Magna International Inc., MAHLE GmbH, Nissan Motor Corporation, NOW GmbH, Plug Power Inc, SAE International., Samsara Inc., Senior plc, Siemens AG, Springer Nature Switzerland AG,, Valeo SA, Volvo Car Corporation, and Wrightspeed Inc..

Market Segmentation & Coverage

This research report categorizes the Electric Vehicle Range Extender Market to forecast the revenues and analyze trends in each of the following sub-markets:

Extender Type
Fuel Cell Range Extender
ICE Range Extender
Component
Battery Pack
Electric Motor
Generator
Power Converter
Vehicle Type
Commercial Vehicles
Passenger Vehicles
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electric Vehicle Range Extender Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electric Vehicle Range Extender Market?
3. What are the technology trends and regulatory frameworks in the Electric Vehicle Range Extender Market?
4. What is the market share of the leading vendors in the Electric Vehicle Range Extender Market?
5. Which modes and strategic moves are suitable for entering the Electric Vehicle Range Extender Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Electric Vehicle Range Extender Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing production and sales of electric and hybrid-electric vehicles
5.1.1.2. Government incentives and subsidies promoting electric vehicle usage
5.1.1.3. Emphasis on range anxiety mitigation among EV drivers
5.1.2. Restraints
5.1.2.1. Concerns associated with emissions and frequent maintenance of range extenders
5.1.3. Opportunities
5.1.3.1. Advancements in electric vehicle range extender technology
5.1.3.2. Potential use of EVRE in commercial and fleet applications
5.1.4. Challenges
5.1.4.1. Complexity in production and installation of range extenders
5.2. Market Segmentation Analysis
5.2.1. Extender Type: Significant penetration of fuel cell range extender
5.2.2. Component: Proliferating deployment of electric motors in automobiles
5.2.3. Vehicle Type: Rising applications of electric vehicle range extenders in commercial vehicles
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Electric Vehicle Range Extender Market, by Extender Type
6.1. Introduction
6.2. Fuel Cell Range Extender
6.3. ICE Range Extender
7. Electric Vehicle Range Extender Market, by Component
7.1. Introduction
7.2. Battery Pack
7.3. Electric Motor
7.4. Generator
7.5. Power Converter
8. Electric Vehicle Range Extender Market, by Vehicle Type
8.1. Introduction
8.2. Commercial Vehicles
8.3. Passenger Vehicles
9. Americas Electric Vehicle Range Extender Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Electric Vehicle Range Extender Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Electric Vehicle Range Extender Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. New Product Launch & Enhancement
12.3.1.1. The First Xiaomi Car Will Introduce An Extended-range Version: 1.5T/L Range Extender Fastback Coupe
12.3.1.2. Mazda MX-30 e-Skyactiv R-EV keeps the Wankel engine alive in a new range extender
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. AVL group
13.1.2. Ballard Power Systems Inc.
13.1.3. BMW Group
13.1.4. BorgWarner Inc.
13.1.5. Ceres Power Holdings plc
13.1.6. Daimler AG
13.1.7. Danfoss Power Solutions
13.1.8. Ford Motor Company
13.1.9. H2SYS
13.1.10. Hyfindr GmbH
13.1.11. IDTechEx Ltd
13.1.12. Lectron EV.
13.1.13. Magna International Inc.
13.1.14. MAHLE GmbH
13.1.15. Nissan Motor Corporation
13.1.16. NOW GmbH
13.1.17. Plug Power Inc
13.1.18. SAE International.
13.1.19. Samsara Inc.
13.1.20. Senior plc
13.1.21. Siemens AG
13.1.22. Springer Nature Switzerland AG,
13.1.23. Valeo SA
13.1.24. Volvo Car Corporation
13.1.25. Wrightspeed Inc.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. ELECTRIC VEHICLE RANGE EXTENDER MARKET RESEARCH PROCESS
FIGURE 2. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, 2023 VS 2030
FIGURE 3. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. ELECTRIC VEHICLE RANGE EXTENDER MARKET DYNAMICS
FIGURE 7. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY EXTENDER TYPE, 2023 VS 2030 (%)
FIGURE 8. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY EXTENDER TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 10. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2030 (%)
FIGURE 12. ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY VEHICLE TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA ELECTRIC VEHICLE RANGE EXTENDER MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ELECTRIC VEHICLE RANGE EXTENDER MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. ELECTRIC VEHICLE RANGE EXTENDER MARKET SHARE, BY KEY PLAYER, 2023

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