Home / Automotive & Transportation / Electric Vehicle Range Extender Market By Component Type (Battery Pack, Generator, Power Converter, Electric Motor) by Vehicle Type (Passenger cars, Commercial vehicles): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Electric Vehicle Range Extender Market By Component Type (Battery Pack, Generator, Power Converter, Electric Motor) by Vehicle Type (Passenger cars, Commercial vehicles): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Published: May 2021 | Report Code: 60347-05-21

The global Electric Vehicle Range Extender Market is anticipated to have a market value of USD 1,900.32 million in 2027 from USD 1,096.39 million in 2020. It is predicted to reach a CAGR of over 9.6% during the forecast period.

Global Electric Vehicle Range Extender Market

As a result of the lower capacity of batteries mounted in electric vehicles, the vehicle's range of travel is reduced, and as a result, electric vehicle manufacturers have moved to increase the capacity of batteries built for electric vehicles. This can be accomplished by using stronger and more effective anode and cathode plates in batteries, as well as a more efficient electrolyte solution. During the forecast era, this is expected to hamper the electric vehicle range extender market. Credence Research is offering holistic information and absolute accuracy on the report titled “Global Electric Vehicle Range Extender Market”.

Global Electric Vehicle Range Extender Market

Key Market Drivers and Restraints

Factors that have high impact on the market growth of industrial electric vehicles will be covered her. Also, covers factors that may challenge or act as opportunity for market will be discussed in order to recognize the revenue generation.

Global Electric Vehicle Range Extender Market

Growing Demand for Fuel Cell Range Extender

Top car manufacturers such as BMW, Audi, and others have launched a slew of fuel cell-based electric vehicles, bolstering the global adoption of electric vehicles. Furthermore, as opposed to traditional battery-powered cars, fuel cell vehicles are more powerful in terms of propulsion. As a result of ongoing advances aimed at extending the range of electric vehicles, demand for fuel cell range extenders is rising, supplementing the growth of the electric vehicle range extender industry.

Asia-Pacific to Dominate the global market

On geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research is providing in-depth insight on prominent regions of global market. Asia-Pacific dominated with over 45.1% share in 2020.

Global Electric Vehicle Range Extender Market

Global Market is led by the Battery Pack in terms of Component Type

Based on component type, the market is segmented into Battery Pack, Generator, Power Converter, and Electric Motor. In 2020, Battery Pack dominated the market. An electric vehicle range extender, for the uninitiated, is an APU (auxiliary power unit) that provides additional energy to the vehicle's battery. It makes use of battery packs as a power source and can distribute power through a three-phase or single-phase vehicle system. This causes high adoption of battery pack.

Passenger Cars continue to dominate the global market in terms of Vehicle Type

Passenger Cars and Commercial Vehicle are the two major Vehicle Types of this market. Passenger cars have dominated the industry. However, the use of commercial and fully electric passenger vehicles to reduce CO2 emissions, as well as superior performance and expandable range, is expected to drive industry development.

Global Electric Vehicle Range Extender Market

Frequently asked questions about global industry

  • Which are the different Component Types present in this industry?
    Ans: Generator, Battery Pack, Power Convertor, and Electric Motor are the different Component Types available in the market
  • Who are the key players in the global industry?
    Ans: MAHLE, Rheinmetal, Magna International, Plug Power, Ballard Power System, Delta Motorsport, Ceres Power, Nissan and General Motors are the key players operating in this market
  • Which is the fastest growing Vehicle Type segment for global industry?
    Ans: Passenger Cars Vehicle Type offers tremendous opportunities to players
  • Which is the leading regional market for global industry?
    Ans: Asia-Pacific has the largest share owing to various developments happening in this space
  • What will be the CAGR (2021 - 2027) of in global industry?
    Ans: The market is anticipated to grow at a CAGR of 9.6% throughout the forecast period

Table of Content

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Electric Vehicle Range Extender Market

3.Market Dynamics

3.1.Introduction
3.1.1. Global Electric Vehicle Range Extender Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Component Type
3.3.2.Vehicle Type
3.3.3.Geography

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Electric Vehicle Range Extender Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Electric Vehicle Range Extender Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Vehicle Range Extender Market, By Component Type, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Battery Pack
6.2.3.Generator
6.2.4.Power Converter
6.2.5.Electric Motor
6.3.North America Electric Vehicle Range Extender Market, by Vehicle Type, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Passenger Cars
6.3.3.Commercial Vehicles

7.Europe

7.1.Europe Electric Vehicle Range Extender Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Vehicle Range Extender Market, By Component Type, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Battery Pack
7.2.3.Generator
7.2.4.Power Converter
7.2.5.Electric Motor
7.3.Europe Electric Vehicle Range Extender Market, by Vehicle Type, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Passenger Cars
7.3.3.Commercial Vehicles

8.Asia Pacific

8.1.Asia Pacific Electric Vehicle Range Extender Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Vehicle Range Extender Market, By Component Type, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Battery Pack
8.2.3.Generator
8.2.4.Power Converter
8.2.5.Electric Motor
8.3.Asia Pacific Electric Vehicle Range Extender Market, by Vehicle Type, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Passenger Cars
8.3.3.Commercial Vehicles

9.Latin America

9.1.Latin America Electric Vehicle Range Extender Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Vehicle Range Extender Market, By Component Type, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Battery Pack
9.2.3.Generator
9.2.4.Power Converter
9.2.5.Electric Motor
9.3.Latin America Electric Vehicle Range Extender Market, by Vehicle Type, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Passenger Cars
9.3.3.Commercial Vehicles

10.Middle East

10.1.Middle East Electric Vehicle Range Extender Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Vehicle Range Extender Market, By Component Type, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Battery Pack
10.2.3.Generator
10.2.4.Power Converter
10.2.5.Electric Motor
10.3.Middle East Electric Vehicle Range Extender Market, by Vehicle Type, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Passenger Cars
10.3.3.Interior

11.Africa

11.1.Africa Electric Vehicle Range Extender Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Vehicle Range Extender Market, By Component Type, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Battery Pack
11.2.3.Generator
11.2.4.Power Converter
11.2.5.Electric Motor
11.3.Africa Electric Vehicle Range Extender Market, by Vehicle Type, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Passenger Cars
11.3.3.Commercial Vehicles

12.Global

12.1.Global Electric Vehicle Range Extender Market, By Component Type, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Battery Pack
12.1.3.Generator
12.1.4.Power Converter
12.1.5.Electric Motor
12.2.Global Electric Vehicle Range Extender Market, by Vehicle Type, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Passenger Cars
12.2.3.Commercial Vehicles

13.Company Profiles

13.1.MAHLE
13.2.Magna International
13.3.Rheinmetal
13.4.Plug Power
13.5.Ballard Power System
13.6.Delta Motorsport
13.7.Ceres Power
13.8.Nissan
13.9.General Motors
13.10.Others

List of Figures

FIG. 1 Global Electric Vehicle Range Extender Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Electric Vehicle Range Extender Market Segmentation

FIG. 4 Global Electric Vehicle Range Extender Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Electric Vehicle Range Extender Market, by End-user, 2019 (US$ Bn)

FIG. 6 Global Electric Vehicle Range Extender Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Electric Vehicle Range Extender Market Manufacturers, 2019

FIG. 9 Global Electric Vehicle Range Extender Market Value Contribution, By Type of Metal Extracted, 2019 & 2027 (Value %)

FIG. 10 Global Electric Vehicle Range Extender Market, by Metal 1, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Electric Vehicle Range Extender Market, by Metal 2, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Electric Vehicle Range Extender Market, by Metal 3, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Electric Vehicle Range Extender Market, by Metal 4, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Electric Vehicle Range Extender Market, by Metal 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Electric Vehicle Range Extender Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Electric Vehicle Range Extender Market Value Contribution, By Component Type, 2019 & 2027 (Value %)

FIG. 17 Global Electric Vehicle Range Extender Market, by Process 1, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Electric Vehicle Range Extender Market, by Process 2, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Electric Vehicle Range Extender Market, by Process 3, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 24 France Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 27 China Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 28 India Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

FIG. 31 Latin America Electric Vehicle Range Extender Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Electric Vehicle Range Extender Market

TABLE 2 Global Electric Vehicle Range Extender Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 3 Global Electric Vehicle Range Extender Market, by Component Type, 2015-2027 (US$ Bn)

TABLE 4 Global Electric Vehicle Range Extender Market, by Vehicle Type, 2015-2027 (US$ Bn)

TABLE 5 Global Electric Vehicle Range Extender Market, by Geography, 2015-2027 (US$ Bn)

TABLE 6 North America Electric Vehicle Range Extender Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 7 North America Electric Vehicle Range Extender Market, by Component Type, 2015-2027 (US$ Bn)

TABLE 8 North America Electric Vehicle Range Extender Market, by Country, 2015-2027 (US$ Bn)

TABLE 9 Europe Electric Vehicle Range Extender Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 10 Europe Electric Vehicle Range Extender Market, by Component Type, 2015-2027 (US$ Bn)

TABLE 11 Europe Electric Vehicle Range Extender Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Electric Vehicle Range Extender Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Electric Vehicle Range Extender Market, by Component Type, 2015-2027 (US$ Bn)

TABLE 14 Asia Pacific Electric Vehicle Range Extender Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 15 Latin America Electric Vehicle Range Extender Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 16 Latin America Electric Vehicle Range Extender Market, by Component Type, 2015-2027 (US$ Bn)

TABLE 17 Latin America Electric Vehicle Range Extender Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 18 Middle East Electric Vehicle Range Extender Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 19 Middle East Electric Vehicle Range Extender Market, by Component Type, 2015-2027 (US$ Bn)

TABLE 20 Middle East Electric Vehicle Range Extender Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 21 Africa Electric Vehicle Range Extender Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)

TABLE 22 Africa Electric Vehicle Range Extender Market, by Component Type, 2015-2027 (US$ Bn)

TABLE 23 Africa Electric Vehicle Range Extender Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 24 Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26  Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 29  Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 34 Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 35 Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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