Electric Vehicle Range Extender Market | Market Highlights and Insights to Recovery from COVID-19
Market Segments and Growth Analysis 2021-2025

The Global electric vehicle range extender market is expected to grow by $ 554.27 million, accelerating at a CAGR of over 9.12% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

Need more details on this market:  Request for Our FREE Sample Report

Electric Vehicle Range Extender Market: Leading Segments and Growth Analysis

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The Electric Vehicle Range Extender Market is segmented by Application (passenger cars and commercial vehicles) and Geography (APAC, North America, Europe, South America, and MEA).
• 67% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Electric Vehicle Range Extender Market size.

Electric Vehicle Range Extender Market: Trends, Drivers, Challenges

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

• A key market driver for the Electric Vehicle Range Extender Market will be increasing demand for plug-in hybrid electric vehicle.
• Governing bodies promoting the sales of electric vehicles is another factor that will be instrumental in driving market growth during the forecast period.
• One of the key challenges that market players need to contend with in order to achieve further success is the Decline in price of lithium-ion battery.

Electric Vehicle Range Extender Market: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• AB Volvo, AVL List GmbH, Ballard Power Systems Inc., FEV Group GmbH, Magna International Inc., MAHLE GmbH, Nissan Motor Co. Ltd., Plug Power Inc., Tata Motors Ltd., and Tesla Inc. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Browse through some of other related market research reports for more insights:

• Electric Vehicle Charger Market: Accelerating at a CAGR of 28.35%, the Global Electric vehicle charger market is expected to grow by 26825.74 th units during the forecast period. 
• Electric Vehicle (EV) Charging Station Market: Global electric vehicle (EV) charging station market is likely to post an incremental growth of $ 22.02 billion, accelerating at a CAGR of almost 31% during the forecast period.
• Low-speed Vehicle Market: The low-speed vehicle market is expected to grow by $ 1.64 billion, accelerating at a CAGR of almost 8% during the forecast period.
• Electric Vehicle Battery Current Sensor Market: The electric vehicle battery current sensor market is expected to grow by 174.08 th units, decelerating at a CAGR of almost 17.68% during the forecast period.
• Low Speed Electric Vehicle (LSEV) Market: Accelerating at a CAGR of 28.32%, the Global Low speed electric vehicle (LSEV) market is expected to grow by 7340.52 th units during the forecast period.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of over 9.12%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 554.27 million through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing demand for plug-in hybrid electric vehicle will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   67% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are AB Volvo, AVL List GmbH, Ballard Power Systems Inc., FEV Group GmbH, Magna International Inc., MAHLE GmbH, Nissan Motor Co. Ltd., Plug Power Inc., Tata Motors Ltd., and Tesla Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Application (passenger cars and commercial vehicles) and Geography (APAC, North America, Europe, South America, and MEA)

Electric Vehicle Range Extender Market Size to Grow by $ 290.20 Million through 2020-2024  

Technavio research projects the electric vehicle range extender market to grow by $ 290.20 million, accelerating at a CAGR of over 5% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Electric Vehicle Range Extender Market: Key Market Driver

One of the primary factors that will trigger the growth of the electric vehicle range extender market size is increasing demand for plug-in hybrid electric vehicle. The growing demand for plug-in hybrid electric vehicles (PHEV) is one of the primary factors that is driving the electric vehicle range extender market growth. PHEVs use a rechargeable battery as the primary source of energy and has an additional charging unit called range extender, powered using an internal combustion engine fueled by gasoline.

This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Electric Vehicle Range Extender Market: Key trends to impact market growth

The high cost of energy-efficient cars is triggering the demand for range extenders in affordable EVs. This is one of the major electric vehicle range extender market trends. The rising level of air pollution from automobiles is one of the prime factors that will facilitate the electric vehicle range extender market growth in APAC over the forecast period. 67% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for electric vehicle range extender in APAC. Market growth in this region will be faster than the growth of the market in North America and South America

Electric Vehicle Range Extender Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AB Volvo, AVL List GmbH, Ballard Power Systems Inc., FEV Group GmbH, Magna International Inc., MAHLE GmbH, Nissan Motor Co. Ltd., Plug Power Inc., Tata Motors Ltd., and Tesla Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report