Electric Range Extender Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The continuous focus of OEMs towards decreasing the cost of the battery, and high cost of electric vehicle range extender are some of the factors which may hamper the electric range extender market. However, the mounting technological advancement, and focus on the development of new types of range extenders across various region are creating opportunities which will increase the demand of electric range extender in the forecast period.
The "Global Electric Range Extender Market Analysis to 2028" is a specialized and in-depth study of the electric range extender industry with a focus on the global market trend. The report aims to provide an overview of global electric range extender market with detailed market segmentation by type, component type, vehicle type, and geography. The global electric range extender market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the electric range extender market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric range extender market based on type, component type, and vehicle type. It also provides market size and forecast till 2028 for overall electric range extender market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The electric range extender market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting the electric range extender market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five force analysis on global scenario.
Also, key electric range extender market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the electric range extender market are Rheinmetall AG, Ballard Power Systems Inc., BMW, Magna International Inc., Plug Power, Delta Motorsport, Nissan Motor Company Ltd., General Motors Company, FEV, and Ceres Power plc. among others.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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1 INTRODUCTION
1.1 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2 KEY TAKEAWAYS
3 ELECTRIC RANGE EXTENDER MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Electric Range Extender Market - By Type
3.2.2 Electric Range Extender Market - By Component Type
3.2.3 Electric Range Extender Market - By Vehicle Type
3.2.4 Electric Range Extender Market - By Region
3.2.4.1 By Countries
3.3 PEST ANALYSIS
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific (APAC) - PEST Analysis
3.3.4 Middle East & Africa (MEA) - PEST Analysis
3.3.5 South America (SAM)- PEST Analysis
4 ELECTRIC RANGE EXTENDER MARKET - KEY INDUSTRY DYNAMICS
4.1 KEY MARKET DRIVERS
4.2 KEY MARKET RESTRAINTS
4.3 KEY MARKET OPPORTUNITIES
4.4 FUTURE TRENDS
4.5 IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5 ELECTRIC RANGE EXTENDER MARKET - GLOBAL MARKET ANALYSIS
5.1 ELECTRIC RANGE EXTENDER - GLOBAL MARKET OVERVIEW
5.2 ELECTRIC RANGE EXTENDER - GLOBAL MARKET AND FORECAST TO 2025
6 ELECTRIC RANGE EXTENDER MARKET REVENUE AND FORECASTS TO 2028 - TYPE
6.1 OVERVIEW
6.2 TYPE MARKET FORECASTS AND ANALYSIS
6.3 ICE RANGE EXTENDER MARKET
6.3.1 Overview
6.3.2 ICE Range Extender market forecast and analysis
6.4 FUEL CELL RANGE EXTENDER MARKET
6.4.1 Overview
6.4.2 Fuel Cell Range Extender market forecast and analysis
6.5 OTHERS MARKET
6.5.1 Overview
6.5.2 Others market forecast and analysis
7 ELECTRIC RANGE EXTENDER MARKET REVENUE AND FORECASTS TO 2028 - COMPONENT TYPE
7.1 OVERVIEW
7.2 COMPONENT TYPE MARKET FORECASTS AND ANALYSIS
7.3 GENERATOR MARKET
7.3.1 Overview
7.3.2 Generator market forecast and analysis
7.4 BATTERY PACK MARKET
7.4.1 Overview
7.4.2 Battery Pack market forecast and analysis
7.5 ELECTRIC MOTOR MARKET
7.5.1 Overview
7.5.2 Electric Motor market forecast and analysis
7.6 POWER CONVERTER MARKET
7.6.1 Overview
7.6.2 Power Converter market forecast and analysis
7.7 OTHERS MARKET
7.7.1 Overview
7.7.2 Others market forecast and analysis
8 ELECTRIC RANGE EXTENDER MARKET REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1 OVERVIEW
8.2 VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3 PASSENGER CARS MARKET
8.3.1 Overview
8.3.2 Passenger Cars market forecast and analysis
8.4 COMMERCIAL VEHICLE MARKET
8.4.1 Overview
8.4.2 Commercial Vehicle market forecast and analysis
9 ELECTRIC RANGE EXTENDER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1 NORTH AMERICA
9.1.1 North America Electric Range Extender Market Overview
9.1.2 North America Electric Range Extender Market Forecasts and Analysis
9.1.3 North America Market Forecasts and Analysis - By Countries
9.1.3.1 US market
9.1.3.2 Canada market
9.1.3.3 Mexico market
9.1.4 North America Market Forecasts and Analysis - By Type
9.1.5 North America Market Forecasts and Analysis - By Component Type
9.1.6 North America Market Forecasts and Analysis - By Vehicle Type
9.2 EUROPE
9.2.1 Europe Electric Range Extender Market Overview
9.2.2 Europe Electric Range Extender Market Forecasts and Analysis
9.2.3 Europe Market Forecasts and Analysis - By Countries
9.2.3.1 France market
9.2.3.2 Germany market
9.2.3.3 Italy market
9.2.3.4 Spain market
9.2.3.5 UK market
9.2.4 Europe Market Forecasts and Analysis - By Type
9.2.5 Europe Market Forecasts and Analysis - By Component Type
9.2.6 Europe Market Forecasts and Analysis - By Vehicle Type
9.3 ASIA PACIFIC (APAC)
9.3.1 Asia Pacific Electric Range Extender Market Overview
9.3.2 Asia Pacific Electric Range Extender Market Forecasts and Analysis
9.3.3 Asia Pacific Market Forecasts and Analysis - By Countries
9.3.3.1 Australia market
9.3.3.2 China market
9.3.3.3 India market
9.3.3.4 Japan market
9.3.4 Asia Pacific Market Forecasts and Analysis - By Type
9.3.5 Asia Pacific Market Forecasts and Analysis - By Component Type
9.3.6 Asia Pacific Market Forecasts and Analysis - By Vehicle Type
9.4 MIDDLE EAST AND AFRICA (MEA)
9.4.1 Middle East and Africa Electric Range Extender Market Overview
9.4.2 Middle East and Africa Electric Range Extender Market Forecasts and Analysis
9.4.3 Middle East and Africa Market Forecasts and Analysis - By Countries
9.4.3.1 South Africa market
9.4.3.2 Saudi Arabia market
9.4.3.3 UAE market
9.4.4 Middle East and Africa Market Forecasts and Analysis - By Type
9.4.5 Middle East and Africa Market Forecasts and Analysis - By Component Type
9.4.6 Middle East and Africa Market Forecasts and Analysis - By Vehicle Type
9.5 SOUTH AMERICA (SAM)
9.5.1 South America Electric Range Extender Market Overview
9.5.2 South America Electric Range Extender Market Forecasts and Analysis
9.5.3 South America Market Forecasts and Analysis - By Countries
9.5.3.1 Brazil market
9.5.4 South America Market Forecasts and Analysis - By Type
9.5.5 South America Market Forecasts and Analysis - By Component Type
9.5.6 South America Market Forecasts and Analysis - By Vehicle Type
10 INDUSTRY LANDSCAPE
10.1 MERGERS & ACQUISITIONS
10.2 MARKET INITIATIVES
10.3 NEW DEVELOPMENTS
10.4 INVESTMENT SCENARIOS
11 COMPETITIVE LANDSCAPE
11.1 COMPETITIVE INDUSTRY MAPPING
11.2 MARKET POSITIONING/ MARKET SHARE
12 ELECTRIC RANGE EXTENDER MARKET, KEY COMPANY PROFILES
12.1 RHEINMETALL AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 BALLARD POWER SYSTEMS INC.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 BMW
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 MAGNA INTERNATIONAL INC.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 PLUG POWER
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 DELTA MOTORSPORT
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 NISSAN MOTOR COMPANY LTD.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 GENERAL MOTORS COMPANY
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 FEV
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 CERES POWER PLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
13 APPENDIX
13.1 ABOUT THE INSIGHT PARTNERS
13.2 GLOSSARY OF TERMS
13.3 RESEARCH METHODOLOGY
1. Rheinmetall AG
2. Ballard Power Systems Inc.
3. BMW
4. Magna International Inc.
5. Plug Power
6. Delta Motorsport
7. Nissan Motor Company Ltd.
8. General Motors Company
9. FEV
10. Ceres Power plc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.