Electric vehicle range extender is also known as auxiliary power unit (APU), is electric vehicle equipment which offers add on energy for electric vehicle functions and operation other than forward motion. Electric vehicle range extenders are highly installed in heavy commercial vehicles and industrial vehicles. Unlike traditional vehicles, which have diesel engines, electric vehicle range extenders use battery packs as a power source. An electric vehicle range extender can supply power either through single-phase or through three-phase systems. Increase in demand for electric vehicles (EVs) and rising sales of electric vehicles in developing countries due to the emission concerns are primary factors which are projected to fuel the electric vehicle range extender market over the forecast period. An electric vehicle range extender charges its battery pack when the vehicle is on move, while the energy stored in battery packs is used to supply power to air conditioner, vehicle heater and others such integrated electric appliances of the vehicle when it is not running. This is a key feature which is projected to compel the electric vehicle range extender market during the forecast period. Moreover, the increasingly stringent regulations on emission coupled with providing of subsidies and incentives by governments are also estimated to foster the sales and demand for electric vehicles. This, in turn, is projected to create lucrative opportunities to the electric vehicle range extender market during the forecast period. Few other factors such as development of new types of electric vehicle range extenders will also likely to provide immense opportunities for the market. On the other hand, the huge cost of an electric vehicle, particularly in developing countries is a key factor which is projected to impede the electric vehicle range extender market during the forecast period.

Various fuel cell based electric vehicles are being launched by leading vehicle manufacturers such as Audi, BMW and others which has contributed in the growth of electric vehicles across the world. Further, fuel cell based vehicles are efficient in respect of propulsion as compared to primary battery operated vehicles. Therefore with constant developments carried out towards the range extension for electric vehicles, the demand for fuel cell range extender is rising which contributes to the electric vehicle range extender market growth.

The global Electric Vehicle Range Extender Market is segregated on the basis of Type as ICE Range Extender, Fuel Cell Range Extender and Others. Based on Vehicle Type the global Electric Vehicle Range Extender Market is segmented in Passenger Cars and Commercial Vehicles. Based on Component the global Electric Vehicle Range Extender Market is segmented in Battery Pack, Generator, Power Converter and Electric Motor.

The global Electric Vehicle Range Extender Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Electric Vehicle Range Extender Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Magna International, Rheinmetall, MAHLE, FEV Group, Nissan, General Motors, BMW and others are among the major players in the global Electric Vehicle Range Extender Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In February 2019, the Power Cell Sweden AB had got an order for two MS-30 fuel cell systems from an international automotive tier 1 supplier for delivery in 2019. The system built almost PowerCell’s fuel cell stack S2 and with a result of 30 kW. These systems will be fixed as range extenders, REX, in the vehicles for tests in China.
• In September 2019, the Blue World Technologies declared that it has started the construction of its world’s biggest methanol fuel cell factory at the Port of Aalborg, Denmark. The methanol fuel cell works as a range extender supplying long range, fast refueling with a liquid fuel along with addressing environmental pollution. The factory predicts its annual production capacity of 750 kW, which is equal to 50,000 fuel cell units.

The global Electric Vehicle Range Extender Market has been segmented as below:

Electric Vehicle Range Extender Market, By Type

• ICE Range Extender
• Fuel Cell Range Extender
• Others

Electric Vehicle Range Extender Market, By Vehicle Type

• Passenger Cars
• Commercial Vehicles

Electric Vehicle Range Extender Market, By Component

• Battery Pack
• Generator
• Power Converter
• Electric Motor

Electric Vehicle Range Extender Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Electric Vehicle Range Extender Market, By Company

• Magna International
• Rheinmetall
• MAHLE
• FEV Group
• Nissan
• General Motors
• BMW
• Plug Power
• Ballard Power Systems
• AVL
• BJORKSTEN BIT 7
• Nikola Corporation
• Wrightspeed Inc.
• EP Tender
• Fagor Ederlan Group
• Delta Motorsport Ltd.
• Nikola Motor
• Ceres Power
• Horizon Fuel Cell Technologies
• Ashwoods Electric Motors
• AB Volvo
• Tata Motors Ltd.

The report covers the below scope:

• Global Electric Vehicle Range Extender Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Electric Vehicle Range Extender Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Electric Vehicle Range Extender Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026
• Report Scope:

The global Electric Vehicle Range Extender Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Electric Vehicle Range Extender Market share. Major industry players with significant revenue share include Magna International, Rheinmetall, MAHLE, FEV Group, Nissan, General Motors, BMW

Plug Power and others.

Why to Buy this Report:

• Gain detailed insights on the Electric Vehicle Range Extender industry trends
• Find complete analysis on the market status
• Identify the Electric Vehicle Range Extender Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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