Electric Vehicle (EV) Range Extender Market Size, Share & Trends Analysis Report By Product, By Vehicle (Passenger, Commercial), By Component (Battery Pack, Power Converter), And Segment Forecasts, 2018 - 2025

Published: Dec, 2018 | Pages: 85 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global EV range extender market demand is estimated to reach 494,083 units by 2025 at a 10.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. An electric vehicle (EV) range extender is an external system that helps increase vehicle range to support long-distance travel. Robust growth in adoption of fully electric passenger and commercial vehicles to reduce CO2 emissions, coupled with extendable range and high-performance capabilities, are expected to propel market growth.

The automotive industry is considered to be the largest consumer of oil in the world, contributing to high pollution levels globally. Governments across various countries have imposed stringent regulations on automobile manufacturers to produce low/zero emission vehicles to help reduce carbon footprint.

Besides this, governments of developing countries such as China and India are providing subsidies to promote the adoption of electric vehicles. For instance, in August 2018, the Indian government announced to offer a subsidy of around 20% on purchase of new electric vehicles. However, low mileage range of EVs can be a major concern for consumers as it limits the distance traveled. To overcome this, key manufacturers such as BMW Group, General Motors, Volvo Car Corp., and Mahle Group have launched EV range extender solutions that help increase battery capacity to support long distance traveling. This has had a positive impact on market growth.

In an attempt to increase their market share and improve overall profitability, key automobile manufacturers are focused on integrating range extenders into their new EV models. For instance, BMW Group launched the BMW i3 EV integrated with a range extender solution, which enables consumers to drive longer distances. In 2016, Nissan Motors Co. Ltd. launched LEAF, an e-powered hybrid vehicle, in several APAC countries.

Key market players are also investing significant funds in R&D activities to develop innovative range extender products to extend driving range and improve battery efficiency, along with reducing overall battery price. However, increasing focus of OEMs to incorporate range extender technology in upcoming EV models, coupled with increasing trade conflicts between China and U.S., may hinder market growth over the forecast period.

Further key findings from the study suggest that:

• North America accounted for the largest market share in 2017. The regional market will witness growth with some large market players such as General Motors Co. and Magna International Inc. offering ICE and fuel cell range extenders

• European governments are actively offering several rebates and subsidies to boost adoption of EVs. However, there is a lack of charging infrastructure as against rising EV sales, which is expected to propel demand for EV range extenders

• Governments across the globe are continuously investing in enhancing public transport infrastructure, thereby driving adoption of electric commercial vehicles. Deployment cost of range extenders is lower than the cost involved in setting up a charging infrastructure

• Key market players are collaborating with EV manufacturers to develop new innovative technologies that will offer alternative range extender solutions as well as incorporate range extenders in new vehicle models.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumptions
                    1.3. List of Data Sources
                    1.4. List of Abbreviations

Chapter 2. Executive Summary
                    2.1. Market Summary
                    2.2. EV Range Extender Market, 2015 - 2025

Chapter 3. Market Variables, Trends, & Scope Outlook
                    3.1. Market Segmentation
                    3.2. Market Size and Growth Prospects, 2015 - 2025
                    3.3. Value Chain Analysis
                    3.4. Market Dynamics
                         3.4.1. Market driver analysis
                         3.4.2. Market restraint/challenge analysis
                         3.4.3. Market opportunity analysis
                    3.5. Penetration & Growth Prospects Mapping 
                    3.6. Industry Analysis - Porter's Five Forces Analysis
                    3.7. PESTLE Analysis

Chapter 4. EV Range Extender Product Outlook
                    4.1. EV Range Extender Market, By Product, 2017 & 2025
                    4.2. ICE Range Extender
                         4.2.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         4.2.2. Market estimates and forecasts, by region, 2015 - 2025 (Units)
                    4.3. Fuel Cell Range Extender
                         4.3.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         4.3.2. Market estimates and forecasts, by region, 2015 - 2025 (Units)
                    4.4. Others
                         4.4.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         4.4.2. Market estimates and forecasts, by region, 2015 - 2025 (Units)

Chapter 5. EV Range Extender Vehicle Outlook
                    5.1. EV Range Extender Market, By Vehicle, 2017 & 2025
                    5.2. Passenger Vehicles
                         5.2.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         5.2.2. Market estimates and forecasts, by region, 2015 - 2025 (Units)
                    5.3. Commercial Vehicles
                         5.3.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         5.3.2. Market estimates and forecasts, by region, 2015 - 2025 (Units)

Chapter 6. EV Range Extender Component Outlook
                    6.1. EV Range Extender Market, By Component, 2017 & 2025
                    6.2. Battery Pack
                         6.2.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         6.2.2. Market estimates and forecasts, by region, 2015 - 2025 (Units)
                    6.3. Generator
                         6.3.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         6.3.2. Market estimates and forecasts, by region, 2015 - 2025 (Units)
                    6.4. Power Converter
                         6.4.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         6.4.2. Market estimates and forecasts, by region, 2015 - 2025 (Units)
                    6.5. Electric Motor
                         6.5.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         6.5.2. Market estimates and forecasts, by region, 2015 - 2025 (Units)

Chapter 7. EV Range Extender Regional Outlook
                    7.1. EV Range Extender Market, by Region, 2017 & 2025
                    7.2. North America
                         7.2.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         7.2.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                         7.2.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                         7.2.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.2.5. U.S.
                              7.2.5.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.2.5.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.2.5.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.2.5.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.2.6. Canada
                              7.2.6.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.2.6.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.2.6.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.2.6.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                    7.3. Europe
                         7.3.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         7.3.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                         7.3.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                         7.3.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.3.5. U.K.
                              7.3.5.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.3.5.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.3.5.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.3.5.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.3.6. Germany
                              7.3.6.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.3.6.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.3.6.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.3.6.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.3.7. France
                              7.3.7.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.3.7.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.3.7.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.3.7.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.3.8. Norway
                              7.3.8.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.3.8.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.3.8.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.3.8.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.3.9. Netherlands
                              7.3.9.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.3.9.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.3.9.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.3.9.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.3.10. Italy
                              7.3.10.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.3.10.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.3.10.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.3.10.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecasts, 2015 - 2025 (Units)
                         7.4.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                         7.4.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                         7.4.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)                         
                         7.4.5. China
                              7.4.5.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.4.5.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.4.5.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.4.5.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.4.6. Japan
                              7.4.6.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.4.6.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.4.6.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.4.6.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)
                         7.4.7. South Korea
                              7.4.7.1. Market estimates and forecasts, 2015 - 2025 (Units)
                              7.4.7.2. Market estimates and forecasts, by product, 2015 - 2025 (Units)
                              7.4.7.3. Market estimates and forecasts, by vehicle, 2015 - 2025 (Units)
                              7.4.7.4. Market estimates and forecasts, by component, 2015 - 2025 (Units)

Chapter 8. Competitive Landscape
                    8.1. Vendor Landscape
                    8.2. Company Profiles
                         8.2.1. MAHLE Group
                              8.2.1.1. Company overview
                              8.2.1.2. Product benchmarking
                              8.2.1.3. Strategic initiatives
                         8.2.2. Rheinmetall Automotive AG
                              8.2.2.1. Company overview
                              8.2.2.2. Financial performance
                              8.2.2.3. Product benchmarking
                              8.2.2.4. Strategic initiatives
                         8.2.3. Emoss Mobile Systems BV
                              8.2.3.1. Company overview
                              8.2.3.2. Product benchmarking
                              8.2.3.3. Strategic initiatives
                         8.2.4. AVL LIST GmbH
                              8.2.4.1. Company overview
                              8.2.4.2. Product benchmarking
                              8.2.4.3. Strategic initiatives
                         8.2.5. Magna International Inc.
                              8.2.5.1. Company overview
                              8.2.5.2. Product benchmarking
                              8.2.5.3. Strategic initiatives
                         8.2.6. Nissan Motors Corporation
                              8.2.6.1. Company overview
                              8.2.6.2. Financial performance
                              8.2.6.3. Product benchmarking
                              8.2.6.4. Strategic initiatives
                         8.2.7. General Motors Company
                              8.2.7.1. Company overview
                              8.2.7.2. Financial performance
                              8.2.7.3. Product benchmarking
                              8.2.7.4. Strategic initiatives
                         8.2.8. BMW Group
                              8.2.8.1. Company overview
                              8.2.8.2. Financial performance
                              8.2.8.3. Product benchmarking
                              8.2.8.4. Strategic initiatives
                         8.2.9. Volvo AB
                              8.2.9.1. Company overview
                              8.2.9.2. Financial performance
                              8.2.9.3. Product benchmarking
                              8.2.9.4. Strategic initiatives
                         8.2.10. Plug Power Inc.
                              8.2.10.1. Company overview
                              8.2.10.2. Financial performance
                              8.2.10.3. Product benchmarking
                              8.2.10.4. Strategic initiatives

List of Tables

Table 1 List of abbreviations
Table 2 EV range extender market, 2015 - 2025 (Units)
Table 3 EV range extender market, by region, 2015 - 2025 (Units)
Table 4 EV range extender market, by product, 2015 - 2025 (Units)
Table 5 EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 6 EV range extender market, by component, 2015 - 2025 (Units)
Table 7 ICE EV range extender market, 2015 - 2025 (Units)
Table 8 ICE EV range extender market, by region, 2015 - 2025 (Units)
Table 9 Fuel cell EV range extender market, 2015 - 2025 (Units)
Table 10 Fuel cell EV range extender market, by region, 2015 - 2025 (Units)
Table 11 Others EV range extender market, 2015 - 2025 (Units)
Table 12 Others EV range extender market, by region, 2015 - 2025 (Units)
Table 13 Passenger vehicles EV range extender market, 2015 - 2025 (Units)
Table 14 Passenger vehicles EV range extender market, by region, 2015 - 2025 (Units)
Table 15 Commercial vehicles EV range extender market, 2015 - 2025 (Units)
Table 16 Commercial vehicles EV range extender market, by region, 2015 - 2025 (Units)
Table 17 Battery pack EV range extender market, 2015 - 2025 (Units)
Table 18 Battery pack EV range extender market, by region, 2015 - 2025 (Units)
Table 19 Generator EV range extender market, 2015 - 2025 (Units)
Table 20 Generator EV range extender market, by region, 2015 - 2025 (Units)
Table 21 Power converter EV range extender market, 2015 - 2025 (Units)
Table 22 Power converter EV range extender market, by region, 2015 - 2025 (Units)
Table 23 Electric motor EV range extender market, 2015 - 2025 (Units)
Table 24 Electric motor EV range extender market, by region, 2015 - 2025 (Units)
Table 25 North America EV range extender market, 2015 - 2025 (Units)
Table 26 North America EV range extender market, by product, 2015 - 2025 (Units)
Table 27 North America EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 28 North America EV range extender market, by component, 2015 - 2025 (Units)
Table 29 U.S. EV range extender market, 2015 - 2025 (Units)
Table 30 U.S. EV range extender market, by product, 2015 - 2025 (Units)
Table 31 U.S. EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 32 U.S. EV range extender market, by component, 2015 - 2025 (Units)
Table 33 Canada EV range extender market, 2015 - 2025 (Units)
Table 34 Canada EV range extender market, by product, 2015 - 2025 (Units)
Table 35 Canada EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 36 Canada EV range extender market, by component, 2015 - 2025 (Units)
Table 37 Europe EV range extender market, 2015 - 2025 (Units)
Table 38 Europe EV range extender market, by product, 2015 - 2025 (Units)
Table 39 Europe EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 40 Europe EV range extender market, by component, 2015 - 2025 (Units)
Table 41 U.K. EV range extender market, 2015 - 2025 (Units)
Table 42 U.K. EV range extender market, by product, 2015 - 2025 (Units)
Table 43 U.K. EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 44 U.K. EV range extender market, by component, 2015 - 2025 (Units)
Table 45 Germany EV range extender market, 2015 - 2025 (Units)
Table 46 Germany EV range extender market, by product, 2015 - 2025 (Units)
Table 47 Germany EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 48 Germany EV range extender market, by component, 2015 - 2025 (Units)
Table 49 France EV range extender market, 2015 - 2025 (Units)
Table 50 France EV range extender market, by product, 2015 - 2025 (Units)
Table 51 France EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 52 France EV range extender market, by component, 2015 - 2025 (Units)
Table 53 Norway EV range extender market, 2015 - 2025 (Units)
Table 54 Norway EV range extender market, by product, 2015 - 2025 (Units)
Table 55 Norway EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 56 Norway EV range extender market, by component, 2015 - 2025 (Units)
Table 57 Netherlands EV range extender market, 2015 - 2025 (Units)
Table 58 Netherlands EV range extender market, by product, 2015 - 2025 (Units)
Table 59 Netherlands EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 60 Netherlands EV range extender market, by component, 2015 - 2025 (Units)
Table 61 Italy EV range extender market, 2015 - 2025 (Units)
Table 62 Italy EV range extender market, by product, 2015 - 2025 (Units)
Table 63 Italy EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 64 Italy EV range extender market, by component, 2015 - 2025 (Units)
Table 65 Asia Pacific EV range extender market, 2015 - 2025 (Units)
Table 66 Asia Pacific EV range extender market, by product, 2015 - 2025 (Units)
Table 67 Asia Pacific EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 68 Asia Pacific EV range extender market, by component, 2015 - 2025 (Units)
Table 69 China EV range extender market, 2015 - 2025 (Units)
Table 70 China EV range extender market, by product, 2015 - 2025 (Units)
Table 71 China EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 72 China EV range extender market, by component, 2015 - 2025 (Units)
Table 73 Japan EV range extender market, 2015 - 2025 (Units)
Table 74 Japan EV range extender market, by product, 2015 - 2025 (Units)
Table 75 Japan EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 76 Japan EV range extender market, by component, 2015 - 2025 (Units)
Table 77 South Korea EV range extender market, 2015 - 2025 (Units)
Table 78 South Korea EV range extender market, by product, 2015 - 2025 (Units)
Table 79 South Korea EV range extender market, by vehicle, 2015 - 2025 (Units)
Table 80 South Korea EV range extender market, by component, 2015 - 2025 (Units)

List of Figures

Fig.1 EV range extender market, 2017 (Units) 
Fig.2 EV range extender market segmentation and scope
Fig.3 EV range extender market, 2015 - 2025 (Units) 
Fig.4 Value chain analysis 
Fig.5 EV range extender market driver impact 
Fig.6 EV range extender market challenge impact 
Fig.7 EV range extender market opportunity impact 
Fig.8 EV range extender penetration & growth prospects mapping 
Fig.9 EV range extender market - Porters five forces analysis 
Fig.10 EV range extender market - PESTLE analysis 
Fig.11 EV range extender market, by product, 2017 & 2025 (Units) 
Fig.12 EV range extender market, by vehicle, 2017 & 2025 (Units) 
Fig.13 EV range extender market, by component, 2017 & 2025 (Units) 
Fig.14 EV range extender market, by region, 2017 & 2025 
Fig.15 North America EV range extender market - Key takeaways
Fig.16 Europe EV range extender market - Key takeaways 
Fig.17 Asia Pacific EV range extender market - Key takeaways