Electric Vehicle Range Extender Market by Type, Component and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019-2026

Electric vehicle range extenders are components, which are used in an electric vehicle to increase the travelling range of a vehicle without charging the vehicle after a certain time period. Electric vehicles require electricity to propel, which is obtained from batteries equipped in them. These batteries have a fixed moving range after which they need to be charged for further movement of the vehicle, which has resulted in the demand for range extenders in electric vehicles. Electric vehicle range extender uses battery packs as a power source and can deliver power through a single phase or through a three-phase system.

Electric vehicle range extender includes variety of components such as generator, battery packs, converters, and electric motors to enable range extension in electric vehicles. With the introduction of electric vehicles across the globe, the demand for range extender has increased, thereby leading to the growth of electric vehicle range extender market.
Wider application of range extenders in electric operated passenger cars and commercial vehicles drives the growth of the market, due to various government norms mandating the use of electric vehicles. Moreover, numerous developments have been carried out by different companies related to electric vehicle range extenders, which supplement the growth of the market.
Electric vehicle range extenders market is expected to register a significant growth during the forecast period, due to increase in production and sales of electric vehicles.In addition, the government regulations mandating the usage of electric vehicles fuel the growth of the electric vehicle range extender market across the globe.

The electric vehicle range extender market is segmented into type, component, vehicle type, and region. Depending on component, the electric vehicle range extender market is categorized into fuel cell range extender, ice range extender, and others. By component, it is segregated into battery pack, power converter, generator, and electric motor. On the basis of vehicle type, it is bifurcated into passenger car and commercial vehicle. North America, Europe, Asia-Pacific, and LAMEA are the region across which the electric vehicle range extender market report has been studied.

The key players analyzed in the electric vehicle range extender market includeAVL, Ballard Power Systems, BMW, Ceres Power, Delta Motorsport, Magna International, MAHLE, Nissan Motor Corporation, Plug Power Inc., and Rheinmetall.

KEY BENEFITS FOR STAKEHOLDERS

This study presents analytical depiction of the global electric vehicle range extender market along with the current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

KEY MARKET SEGMENTS

By Type

Fuel Cell Range Extender
ICE Range Extender
Others

By Component

Battery Pack
Power Converter
Generator
Electric Motor

By Vehicle Type

Passenger Car
Commercial Vehicle

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

KEY PLAYERS

AVL
Ballard Power Systems
BMW
Ceres Power
Delta Motorsport
Magna International
MAHLE
Nissan Motor Corporation
Plug Power Inc.
Rheinmetall

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Market share analysis, 2018
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Increase in demand for driving range extension for electric vehicles
3.5.1.2. Engine downsizing
3.5.2. Restraint
3.5.2.1. Development toward extending driving range of BEVs
3.5.2.2. Enhanced focus of OEMs toward reducing the price of the battery
3.5.3. Opportunities
3.5.3.1. Increase in demand for fuel cell range extender
3.5.3.2. Development of new types of range extenders

CHAPTER 4: ELECTRIC VEHICLE RANGE EXTENDER, BY TYPE

4.1. Overview
4.2. Fuel cell range extender
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. ICE range extender
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Others
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

CHAPTER 5: ELECTRIC VEHICLE RANGE EXTENDER MARKET, BY COMPONENT

5.1. Overview
5.2. Battery pack
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Power converter
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. Generator
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
5.5. Electric motor
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country

CHAPTER 6: ELECTRIC VEHICLE RANGE EXTENDER MARKET, BY VEHICLE TYPE

6.1. Overview
6.2. Passenger vehicle
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. Commercial vehicle
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country

CHAPTER 7: ELECTRIC VEHICLE RANGE EXTENDER MARKET, BY REGION

7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by type
7.2.3. Market size and forecast, by component
7.2.4. Market size and forecast, by vehicle type
7.2.5. Market analysis by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by type
7.2.5.1.2. Market size and forecast, by component
7.2.5.1.3. Market size and forecast, by vehicle type
7.2.5.2. Canada.
7.2.5.2.1. Market size and forecast, by type
7.2.5.2.2. Market size and forecast, by component
7.2.5.2.3. Market size and forecast, by vehicle type
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by type
7.2.5.3.2. Market size and forecast, by component
7.2.5.3.3. Market size and forecast, by vehicle type
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by type
7.3.3. Market size and forecast, by component
7.3.4. Market size and forecast, by vehicle type
7.3.5. Market analysis by country
7.3.5.1. Germany
7.3.5.1.1. Market size and forecast, by type
7.3.5.1.2. Market size and forecast, by component
7.3.5.1.3. Market size and forecast, by vehicle type
7.3.5.2. France
7.3.5.2.1. Market size and forecast, by type
7.3.5.2.2. Market size and forecast, by component
7.3.5.2.3. Market size and forecast, by vehicle type
7.3.5.3. UK
7.3.5.3.1. Market size and forecast, by type
7.3.5.3.2. Market size and forecast, by component
7.3.5.3.3. Market size and forecast, by vehicle type
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by type
7.3.5.4.2. Market size and forecast, by component
7.3.5.4.3. Market size and forecast, by vehicle type
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by type
7.3.5.5.2. Market size and forecast, by component
7.3.5.5.3. Market size and forecast, by vehicle type
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by type
7.4.3. Market size and forecast, by component
7.4.4. Market size and forecast, by vehicle type
7.4.5. Market analysis by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by type
7.4.5.1.2. Market size and forecast, by component
7.4.5.1.3. Market size and forecast, by vehicle type
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by type
7.4.5.2.2. Market size and forecast, by component
7.4.5.2.3. Market size and forecast, by vehicle type
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by type
7.4.5.3.2. Market size and forecast, by component
7.4.5.3.3. Market size and forecast, by vehicle type
7.4.5.4. South Korea
7.4.5.4.1. Market size and forecast, by type
7.4.5.4.2. Market size and forecast, by component
7.4.5.4.3. Market size and forecast, by vehicle type
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market size and forecast, by type
7.4.5.5.2. Market size and forecast, by component
7.4.5.5.3. Market size and forecast, by vehicle type
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by type
7.5.3. Market size and forecast, by component
7.5.4. Market size and forecast, by vehicle type
7.5.5. Market analysis by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by type
7.5.5.1.2. Market size and forecast, by component
7.5.5.1.3. Market size and forecast, by vehicle type
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by type
7.5.5.2.2. Market size and forecast, by component
7.5.5.2.3. Market size and forecast, by vehicle type
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by type
7.5.5.3.2. Market size and forecast, by component
7.5.5.3.3. Market size and forecast, by vehicle type

CHAPTER 8: COMPANY PROFILES

8.1. MAGNA INTERNATIONAL INC.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. MAHLE GmbH
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.3. Rheinmetall AG
8.3.1. Company overview
8.3.2. Operating business segments
8.3.3. Product portfolio
8.3.4. Business performance
8.4. PLUG POWER INC.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. Business performance
8.4.6. Key strategic moves and developments
8.5. Ballard Power Systems Inc.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments
8.6. Delta motorsport
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio
8.7. CERES Power
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.7.6. Key strategic moves and developments
8.8. BMW Group
8.8.1. Company overview
8.8.2. Operating business segments
8.8.3. Business performance
8.8.4. Key strategic moves and developments
8.9. Nissan Motor Corporation
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.10. AVL
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio

Executive Summary

According to the report titled, 'Electric Vehicle (EV) range Extender Market by Type, Component and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global electric vehicle (EV) range extender market was valued at $839.8 million in 2018, and is projected to reach $1,679.9 million by 2026, registering a CAGR of 9.0%.from 2019 to 2026.

North America dominates the market in terms of growth, followed by Europe, LAMEA, and Asia-Pacific. U.S. dominated the global EVrange extender market share in 2018, and is expected to grow at a significant rate in the electric vehicle range extender market during the forecast period.

Electric vehicle range extenders are a form of battery electric vehicles, which include an auxiliary power unit. This auxiliary power unit or the range extender system drives the electric generator, which eventually charges the battery of the vehicle and supplies electricity to the motors of the vehicle. Electric vehicle range extenders are known as the series hybrid drivetrain, which is responsible to provide external power source to the electric vehicles. Different types of electric vehicle range extenders have been developed such as the internal combustion engine-based range extenders, which require a fossil fuel to charge the battery of the vehicle and fuel cell-based range extenders.

Increase in demand for electric vehicles, which have a long travelling range has supplemented the growth of range extenders for electric vehicles. In addition, numerous developments have been carried out by different companies related to range extenders, which drive the EV range extender market growth.

Current trend for the installation of range extenders in electric vehicles has increased due to the need for long travelling range of the vehicles and lack of proper charging infrastructure. In addition, the use of small yet powerful engines in electric vehicles supplements the growth of electric vehicle range extenders across the globe.

Factors such as rise in demand for driving range extension of the electric vehicles and engine downsizing further augment the growth of the EV range extender market. Moreover, developments for the extension of driving range of BEVs and enhanced focus of OEMs toward reducing the price of the battery are expected to hinder the growth of the market across the globe. However, rise in demand for fuel cell range extender and development of new types of range extenders are expected to supplement the growth of electric vehicle range extender market.

According to Abhay Singh, Lead Analyst, Automotive and Transportation, “Depending on type, the ICE range extenders segment dominated the global electric vehicle range extender market in 2018, in terms of revenue, and is expected to lead the EV range extender market throughout the forecast period. By component, the battery pack segment incurs higher revenue. The passenger car segment was the highest revenue contributor in 2018, while the commercial vehicle segment is expected to grow at a faster CAGR during the forecast period. At present, Asia-Pacific is the highest revenue contributor, and is expected to garner the highest revenue during the forecast period, followed by Europe, North America, and LAMEA.”

KEY FINDINGS OF THE STUDY

By type, the ICE range extender for electric vehicle, range extenders generated the highest revenue in 2018.
Depending on component, the battery pack segment was the highest revenue contributor in 2018.
On the basis of vehicle type, the passenger car segment was the highest revenue contributor in 2018.
Region wise, Asia-Pacific garnered the highest revenue in 2018, followed by Europe, Asia-Pacific, and LAMEA.
North AmericaEV range extender market is anticipated to exhibit the highest CAGR during the forecast period.

The key players analyzed in this report areAVL, Ballard Power Systems, BMW, Ceres Power, Delta Motorsport, Magna International, MAHLE, Nissan Motor Corporation, Plug Power Inc., and Rheinmetall.

Companies Mentioned

AVL
Ballard Power Systems
BMW
Ceres Power
Delta Motorsport
Magna International
MAHLE
Nissan Motor Corporation
Plug Power Inc.
Rheinmetall

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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