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Electric Vehicle Range Extender Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • July 2022
  • Region: Global
  • IMARC Group
  • ID: 5633281
UP TO OFF until Dec 31st 2022
The global electric vehicle range extender market reached a value of US$ 1.21 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 2.29 Billion by 2027, exhibiting a CAGR of 11.22% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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:

The publisher provides an analysis of the key trends in each sub-segment of the global electric vehicle range extender market, along with forecasts at the global, regional and country level from 2022-2027. 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?
Frequently Asked Questions about the Global Electric Vehicle Range Extender Market

What is the estimated value of the Global Electric Vehicle Range Extender Market?

The Global Electric Vehicle Range Extender Market was estimated to be valued at $1.2 Billion in 2021.

What is the growth rate of the Global Electric Vehicle Range Extender Market?

The growth rate of the Global Electric Vehicle Range Extender Market is 11.2%, with an estimated value of $2.29 Billion by 2027.

What is the forecasted size of the Global Electric Vehicle Range Extender Market?

The Global Electric Vehicle Range Extender Market is estimated to be worth $2.29 Billion by 2027.

Who are the key companies in the Global Electric Vehicle Range Extender Market?

Key companies in the Global Electric Vehicle Range Extender Market include 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. and Nissan Motor Co. Ltd. (Groupe Renault).

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
9.2 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
9.3 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
9.4 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
9.5 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
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$), 2016-2021
Figure 3: Global: Electric Vehicle Range Extender Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Electric Vehicle Range Extender Market: Breakup by Type (in %), 2021
Figure 5: Global: Electric Vehicle Range Extender Market: Breakup by Component (in %), 2021
Figure 6: Global: Electric Vehicle Range Extender Market: Breakup by Vehicle Type (in %), 2021
Figure 7: Global: Electric Vehicle Range Extender Market: Breakup by Region (in %), 2021
Figure 8: Global: Electric Vehicle Range Extender (Fuel Cell Range Extender) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Electric Vehicle Range Extender (Fuel Cell Range Extender) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Electric Vehicle Range Extender (ICE Range Extender) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Electric Vehicle Range Extender (ICE Range Extender) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Electric Vehicle Range Extender (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Electric Vehicle Range Extender (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Electric Vehicle Range Extender (Battery Pack) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Electric Vehicle Range Extender (Battery Pack) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Electric Vehicle Range Extender (Power Converter) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Electric Vehicle Range Extender (Power Converter) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Electric Vehicle Range Extender (Generator) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Electric Vehicle Range Extender (Generator) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Electric Vehicle Range Extender (Electric Motor) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Electric Vehicle Range Extender (Electric Motor) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Electric Vehicle Range Extender (Passenger Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Electric Vehicle Range Extender (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Electric Vehicle Range Extender (Commercial Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Electric Vehicle Range Extender (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Electric Vehicle Range Extender Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Electric Vehicle Range Extender Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Electric Vehicle Range Extender Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Electric Vehicle Range Extender Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Electric Vehicle Range Extender Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Electric Vehicle Range Extender Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 5: Global: Electric Vehicle Range Extender Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Electric Vehicle Range Extender Market: Competitive Structure
Table 7: Global: Electric Vehicle Range Extender Market: Key Players

Companies Mentioned

  • 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)
  • Rheinmetall AG.

Methodology

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