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Electric Vehicle Range Extender Market Size to Grow US$ 1,876.5 Million By 2030

The global electric vehicle range extender market size is expected to reach around US$ 1,876.5 million by 2030 from US$ 917.46 million in 2021 and is expected to grow at an impressive double-digit rate of 8.3% from 2022 to 2030.

Electric Vehicle Range Extender Market Size 2021 to 2030

The study includes drivers and restraints of this market. The study provides an analysis of the global electric vehicle range extender market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.

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Report Scope of the Electric Vehicle Range Extender Market

Report CoverageDetails
Market Size by 2030USD 1,876.5 Million
Growth Rate from 2022 to 2030

CAGR of 8.3%

North America Market Share in 202145%
Passenger Vehicle Market Share in 202185%
Base Year2021
Forecast Period2022 to 2030

Growing sales of electric vehicles and demand for electric vehicles in the global market are two main reasons driving the growth of the global electric vehicle range extender market. As a result of growing environmental concerns, the adoption of electric vehicles has increased in both developed and developing countries.

Furthermore, the governments of these regions are giving incentives and subsidies to encourage the market adoption of electric vehicles. Over the projected period, this factor will drive the worldwide electric vehicle range extender market. The rise of the electric vehicle market in growing and developed regions is offering a good outlook for the global electric vehicle range extender market’s growth and development.

Report Highlights

    • The ICE range extender and fuel cell range extender are the different products of electric vehicle range extender. Due to its low cost, the ICE range extender segment is growing. The increased deployment of hybrid electric vehicles in the global market has resulted in a growing demand for ICE range extenders.
    • On the basis of vehicle, passenger vehicles segment holds the largest market share in the global electric vehicle range extender market. To obtain competitive edge in the electric vehicle range extender market, prominent market players are incorporating electric vehicle range extender technology into passenger automobiles.
    • On the component, battery pack segment holds the largest market share in the global electric vehicle range extender market. The battery pack is utilized for an extended period of time. The battery packs are typically utilized for about 5 years. The battery packs are particularly efficient in nature for electric vehicles when compared to other components.

Research Methodology

A unique research methodology has been utilized to conduct comprehensive research on the growth of the global electric vehicle range extender market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global electric vehicle range extender market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Why should you invest in this report?

If you are aiming to enter the global electric vehicle range extender market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for electric vehicle range extender are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Some of the prominent players in the global electric vehicle range extender market include:

  • Nissan
  • Delta Motorsport
  • Magna International
  • General Motors
  • Ballard Power Systems
  • Mahle
  • Ceres Power
  • BMW
  • Rheinmetall
  • Plug Power

Market Segmentation:

By Product

  • ICE Range Extender
  • Fuel Cell Range Extender
  • Others

By Vehicle

  • Passenger vehicles
  • Commercial vehicles

By Component

  • Battery pack
  • Automotive
  • Power Converter
  • Electric Motor

Regional Analysis:

The geographical analysis of the global electric vehicle range extender market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.

The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global electric vehicle range extender Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).

Key Questions Answered by the Report:

  • What will be the size of the global electric vehicle range extender market in 2030?
  • What is the expected CAGR for the electric vehicle range extender market between 2021 and 2030?
  • Which are the top players active in this global market?
  • What are the key drivers of this global market?
  • How will the market situation change in the coming years?
  • Which region held the highest market share in this global market?
  • What are the common business tactics adopted by players?
  • What is the growth outlook of the global electric vehicle range extender market?

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Electric Vehicle Range Extender Market 

5.1. COVID-19 Landscape: Electric Vehicle Range Extender Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Electric Vehicle Range Extender Market, By Product

8.1. Electric Vehicle Range Extender Market, by Product Type, 2022-2030

8.1.1. ICE Range Extender

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Fuel Cell Range Extender

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Others

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Electric Vehicle Range Extender Market, By Vehicle

9.1. Electric Vehicle Range Extender Market, by Vehicle, 2022-2030

9.1.1. Passenger vehicles

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Commercial vehicles

9.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Electric Vehicle Range Extender Market, By Component 

10.1. Electric Vehicle Range Extender Market, by Component, 2022-2030

10.1.1. Battery pack

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Automotive

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Power Converter

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Electric Motor

10.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Electric Vehicle Range Extender Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2017-2030)

11.1.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.1.3. Market Revenue and Forecast, by Component (2017-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.1.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.1.4.3. Market Revenue and Forecast, by Component (2017-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.1.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.1.5.3. Market Revenue and Forecast, by Component (2017-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.3. Market Revenue and Forecast, by Component (2017-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.4.3. Market Revenue and Forecast, by Component (2017-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.5.3. Market Revenue and Forecast, by Component (2017-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.6.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.6.3. Market Revenue and Forecast, by Component (2017-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)

11.2.7.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.2.7.3. Market Revenue and Forecast, by Component (2017-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.3. Market Revenue and Forecast, by Component (2017-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.4.3. Market Revenue and Forecast, by Component (2017-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.5.3. Market Revenue and Forecast, by Component (2017-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.6.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.6.3. Market Revenue and Forecast, by Component (2017-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

11.3.7.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.3.7.3. Market Revenue and Forecast, by Component (2017-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.3. Market Revenue and Forecast, by Component (2017-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.4.3. Market Revenue and Forecast, by Component (2017-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.5.3. Market Revenue and Forecast, by Component (2017-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.6.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.6.3. Market Revenue and Forecast, by Component (2017-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

11.4.7.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.4.7.3. Market Revenue and Forecast, by Component (2017-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.5.3. Market Revenue and Forecast, by Component (2017-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

11.5.4.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.5.4.3. Market Revenue and Forecast, by Component (2017-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)

11.5.5.2. Market Revenue and Forecast, by Vehicle (2017-2030)

11.5.5.3. Market Revenue and Forecast, by Component (2017-2030)

Chapter 12. Company Profiles

12.1. Nissan

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Delta Motorsport

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Magna International

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. General Motors

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Ballard Power Systems

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Mahle

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Ceres Power

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. BMW

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Rheinmetall

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Plug Power

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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