As per this study, the Global Electric Vehicle (EV) Range Extender Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX Unit in 2021 and is expected to reach XX Unit by 2028 with a CAGR of XX%.
Electric Vehicle (EV) range extender is a battery operated device which extends the total traveling distance of EV. It includes auxiliary power (APU) known as a range extender. The range extender drives an electric generator that charges the electric motor and supplies electricity to the battery. An EV range extenders include a variety of components such as battery packs, power converters, and electric motors that enable range extensions for EV. The most commonly used range extender is the internal combustion engine (ICE) range extender.
The growing demand for electric vehicles owing to its fuel-efficiency is boosting the global electric vehicle range extender market growth. Moreover, increasing demand for driving range extension of electric vehicles is further pushing the market growth. However, high costs of batteries, limited mileage range and lack of charging infrastructure can hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of electric vehicle (EV) range extender.
The broad electric vehicle (EV) range extender market has been sub-grouped into product, vehicle and component. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- ICE Range Extender
- Fuel Cell Range Extender
- Passenger Vehicles
- Commercial Vehicles
- Battery pack
- Power Converter
- Electric Motor
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for electric vehicle (EV) range extender in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Electric Vehicle (EV) Range Extender Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Electric Vehicle (EV) Range Extender market include AVL LIST GmbH, BMW Group, Emoss Mobile Systems BV, General Motors Company, Magna International Inc., MAHLE Group, Nissan Motors Corporation, Plug Power Inc., Rheinmetall Automotive AG, Volvo Car Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.