Electric Vehicle Range Extender Market by Type (ICE Range Extender, Fuel Cell Range Extender, and Others), Component (Battery Pack, Generator, Power Converter, and Electric Motor), Vehicle (PC and CV), and Region - Global Forecast to 2025

  • ID: 4613122
  • Report
  • Region: Global
  • 112 Pages
  • Markets and Markets
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The Electric Vehicle Range Extender Market is Estimated to be 218,129 Units in 2018 and is Projected to Reach 479,027 Units by 2025, at a CAGR of 11.89% During the Forecast Period.

FEATURED COMPANIES

  • Arcola Energy
  • Ballard Power Systems
  • Ceres Power
  • Fagor Ederlan Group
  • Magna International
  • Nikola Motor Company
  • MORE

“Increasing demand for driving range extension of the electric vehicles is set to drive electric vehicle range extender market”

The electric vehicle range extender market is estimated to be 218,129 units in 2018 and is projected to reach 479,027 units by 2025, at a CAGR of 11.89% during the forecast period. The market is principally driven by the increasing demand for driving range extension of electric vehicles. The growing demand for reducing the problem of range anxiety is expected to drive the growth of the electric vehicle range extender market. On the other hand, the increasing focus of OEMs towards extending the driving range of battery electric vehicles (BEVs) can hinder the growth of electric vehicle range extender market. OEMs such as Nissan (Japan), Mahindra (India), Volkswagen (Germany), General Motors (US), Tesla (US), and others are focusing towards increasing the driving range of an electric vehicle (EV) by fitting more efficient batteries in EVs. According to the US Department of Energy and Transportation, the median driving range of an electric vehicle increased from 73 miles (117 km) in 2011 to 114 miles (183 km) in 2017 in the US.

“ICE range extender to hold the largest share of the electric vehicle range extender market, by type”

ICE range extender is estimated to be the largest market, in terms of volume. Most of the manufacturers are currently offering ICE range extender electric vehicles. For instance, BMW offers BMW i3 REx, which delivers an additional driving range of approximately 156 Km. General Motors offers a Chevrolet Volt range extender. Likewise, JAC offers JAC iREV PHEV range extended vehicle, and Nissan offers Note e-Power range extender. The cost of an ICE range extender is lower than other range extenders. The low-cost advantage is expected to drive the ICE range extender market in the near future.

“Battery Pack: The largest market in the electric vehicle range extender market”

The battery pack, which is a major component of the range extender, is estimated to be the largest market, in terms of value. The price of the battery pack is higher than any other component in the range extender. Battery manufacturers are now focusing towards economies of scale for reducing the battery price. Various government associations have set a cost target for an electric vehicle battery. For instance, the US Department of Energy has set battery cost targets of USD 300 per kWh in 2015 and USD 125 per kWh by 2022. Reduced battery price will help to drive the electric vehicle range extender market.

“Europe: The fastest growing region in the electric vehicle range extender market”

The European market is projected to grow at the highest CAGR during the forecast period. Increasing demand for driving range extension of electric vehicles and government incentives for the purchase of electric vehicle range extenders would drive the European electric vehicle range extender market.

The study contains insights of various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type– Tier 1- 45%, Tier 2- 35% Tier 3 - 20%
  • By Designation— C level - 35%, D level - 25%, Others - 40%
  • By Region— North America - 40%, Europe - 35%, Asia Pacific - 25%

Research Coverage:

The report segments the electric vehicle range extender market and forecasts its size, by volume and value, on the basis of region (Asia Pacific, Europe, and North America), type, vehicle, and component.
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the electric vehicle range extender market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall electric vehicle range extender market and its subsegments. This report will help stakeholders to understand the competitor landscape better and gain insights to position their businesses better and make suitable go-to-market strategies. The report also helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Arcola Energy
  • Ballard Power Systems
  • Ceres Power
  • Fagor Ederlan Group
  • Magna International
  • Nikola Motor Company
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Electric Vehicle Range Extender Market
4.2 Market, By Region, 2018 & 2025
4.3 Market, By Type, 2018
4.4 Market, By Component, 2018
4.5 Market, By Vehicle Type, 2018

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
       5.2.1 Drivers
                5.2.1.1 Increasing Demand for Driving Range Extension of the Electric Vehicles
                5.2.1.2 Engine Downsizing
       5.2.2 Restraints
                5.2.2.1 Increasing Developments for the Extension of Driving Range of Bevs
                5.2.2.2 Enhanced Focus of OEMs Towards Reducing the Price of the Battery
       5.2.3 Opportunities
                5.2.3.1 Increasing Demand for Fuel Cell Range Extender
                5.2.3.2 Development of New Types of Range Extenders
       5.2.4 Challenges
                    5.2.4.1 High Cost of Electric Vehicle Range Extender

6 Electric Range Extender Market, By Type

6.1 Introduction
6.2 Fuel Cell Range Extender
6.3 ICE Range Extender
6.4 Others

7 Electric Range Extender Market, By Component Type

7.1 Introduction
7.2 Battery Pack
7.3 Power Converter
7.4 Generator
7.5 Electric Motor

8 Electric Range Extender Market, By Vehicle Type

8.1 Introduction
8.2 Passenger Car (PC)
8.3 Commercial Vehicle (CV)

9 Electric Vehicle Range Extender Market, By Region

9.1 Introduction
9.2 Asia Pacific
       9.2.1 China
       9.2.2 Japan
       9.2.3 India
       9.2.4 South Korea
9.3 Europe
       9.3.1 Czech Republic
       9.3.2 France
       9.3.3 Germany
       9.3.4 Italy
       9.3.5 Poland
       9.3.6 Spain
       9.3.7 Switzerland
       9.3.8 UK
9.4 North America
       9.4.1 Canada
       9.4.2 US

10 Competitive Landscape

10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Situation & Trends
        10.3.1 Product Developments
        10.3.2 Agreements/Contracts/Collaborations

11 Company Profiles

11.1 Key Players
        11.1.1 Magna International
        11.1.2 MAHLE
        11.1.3 Rheinmetall
        11.1.4 Plug Power
        11.1.5 Ballard Power Systems
        11.1.6 AVL
        11.1.7 FEV
        11.1.8 Delta Motorsport
        11.1.9 Ceres Power
        11.1.10 Nissan
        11.1.11 General Motors
        11.1.12 BMW
11.2 Key Players From Other Regions
        11.2.1 North America
                   11.2.1.1 Bjorksten Bit 7 (BB7)
                   11.2.1.2 Wrightspeed
                   11.2.1.3 Nikola Motor Company
        11.2.2 Europe
                   11.2.2.1 EP Tender
                   11.2.2.2 Fagor Ederlan Group
                   11.2.2.3 Arcola Energy
                   11.2.2.4 Advanced Innovative Engineering
                   11.2.2.5 Ashwoods Electric Motors
                   11.2.2.6 Obrist Powertrain
                   11.2.2.7 Symbio
        11.2.3 Asia Pacific
                   11.2.3.1 Horizon Fuel Cell Technologies
                   11.2.3.2 Mazda

12 Appendix

List of Tables

Table 1 Announced Sales Bans for Ice Vehicles
Table 2 Overview of Driving Range Extension of Some Electric Vehicle Models
Table 3 Impact of Market Dynamics
Table 4 Electric Vehicle Range Extender Market, By Type, 2016–2025 ('000 Units)
Table 5 Fuel Cell Range Extender Market, By Region, 2016–2025 ('000 Units)
Table 6 Ice Range Extender Market, By Region, 2016–2025 ('000 Units)
Table 7 Others Range Extender Market, By Region, 2016–2025 ('000 Units)
Table 8 Market, By Component, 2016–2025 (USD Million)
Table 9 Battery Pack Market, By Region, 2016–2025 (USD Million)
Table 10 Power Converter Market, By Region, 2016–2025 (USD Million)
Table 11 Generator Market, By Region, 2016–2025 (USD Million)
Table 12 Electric Motor Market, By Region, 2016–2025 (USD Million)
Table 13 Electric Vehicle Range Extender Market Size, By Vehicle Type, 2016–2025 (Thousand Units)
Table 14 List of Range Extender Electric Cars
Table 15 Passenger Car: Market Size, By Region, 2016–2025 ('000 Units)
Table 16 List of Range Extender Electric Trucks
Table 17 Commercial Vehicle: Market Size, By Region, 2016–2025 ('000 Units)
Table 18 Global Market, By Region, 2016–2025 (Units)
Table 19 Asia Pacific: Market, By Type, 2016–2025 (Units)
Table 20 China: Market, By Type, 2016–2025 (Units)
Table 21 Japan: Market, By Type, 2016–2025 (Units)
Table 22 India: Market, By Type, 2016–2025 (Units)
Table 23 South Korea: Market, By Type, 2016–2025 (Units)
Table 24 Europe: Market, By Type, 2016–2025 (Units)
Table 25 Czech Republic: Market, By Type, 2016–2025 (Units)
Table 26 France: Market, By Type, 2016–2025 (Units)
Table 27 Germany: Market, By Type, 2016–2025 (Units)
Table 28 Italy: Market, By Type, 2016–2025 (Units)
Table 29 Poland: Market, By Type, 2016–2025 (Units)
Table 30 Spain: Market, By Type, 2016–2025 (Units)
Table 31 Switzerland: Market, By Type, 2016–2025 (Units)
Table 32 UK: Market, By Type, 2016–2025 (Units)
Table 33 North America: Market, By Type, 2016–2025 (Units)
Table 34 Canada: Market, By Type, 2016–2025 (Units)
Table 35 US: Market, By Type, 2016–2025 (Units)
Table 36 Electric Vehicle Range Extender Models
Table 37 Electric Vehicle Range Extender Market Ranking: 2017
Table 38 New Product Developments, 2016–2018
Table 39 Agreements / Contracts /Collaborations, 2014–2018

List of Figures

Figure 1 Automotive Electric Vehicle Range Extender Market Segmentation
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market: Market Dynamics
Figure 7 Market, By Region, 2018 vs. 2025 (Units)
Figure 8 Market, By Type, 2018 vs. 2025 (000’ Units)
Figure 9 Increasing Demand for Driving Range Extension in Electric Vehicles is Expected to Drive the Electric Vehicle Range Extender Market, 2018–30
Figure 10 Asia Pacific is Estimated to Be the Largest Market for Electric Vehicle Range Extender
Figure 11 Ice Range Extender is Estimated to Be the Largest Segment of Market, 2018
Figure 12 Battery Pack is Estimated to Be the Largest Segment of Market, 2018
Figure 13 Passenger Car is Estimated to Be the Largest Segment of Market, 2018
Figure 14 Market: Market Dynamics
Figure 15 Battery Cost (USD/KWH), 2009–2017
Figure 16 Market, By Type, 2018 vs. 2025 (‘000 Units)
Figure 17 Market, By Component, 2018 vs. 2025 (USD Million)
Figure 18 Market, By Vehicle Type, 2016 vs 2025 (Thousand Units)
Figure 19 Market: Geographic Growth Opportunities (2018–2025)
Figure 20 Asia Pacific: Market Snapshot
Figure 21 Germany is Projected to Be the Largest Market for Electric Vehicle Range Extender in Europe During the Forecast Period (2018–2025)
Figure 22 North America: Market Snapshot
Figure 23 Key Developments By Leading Players in the Electric Vehicle Range Extender Market, 2014–2018
Figure 24 Magna International: Company Snapshot
Figure 25 Magna International: SWOT Analysis
Figure 26 MAHLE : Company Snapshot
Figure 27 MAHLE : SWOT Analysis
Figure 28 Rheinmetall: Company Snapshot
Figure 29 Rheinmetall: SWOT Analysis
Figure 30 Plug Power: Company Snapshot
Figure 31 Plug Power: SWOT Analysis
Figure 32 Ballard Power Systems: Company Snapshot
Figure 33 Ballard Power Systems: SWOT Analysis
Figure 34 Ceres Power: Company Snapshot
Figure 35 Nissan: Company Snapshot
Figure 36 General Motors: Company Snapshot
Figure 37 BMW: Company Snapshot

Note: Product cover images may vary from those shown
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  • Magna International
  • MAHLE
  • Rheinmetall
  • Plug Power
  • Ballard Power Systems
  • AVL
  • FEV
  • Delta Motorsport
  • Ceres Power
  • Nissan
  • General Motors
  • BMW
  • Bjorksten Bit 7 (BB7)
  • Wrightspeed
  • Nikola Motor Company
  • EP Tender
  • Fagor Ederlan Group
  • Arcola Energy
  • Advanced Innovative Engineering
  • Ashwoods Electric Motors
  • Obrist Powertrain
  • Symbio
  • Horizon Fuel Cell Technologies
  • Mazda
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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