Us Electric Vehicle Range Extender Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Electric Vehicle Range Extender Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 4.5 Billion by 2030, growing at a CAGR of 15.0% from 2024 to 2030.
The US Electric Vehicle (EV) Range Extender Market is witnessing rapid growth as automakers and consumers increasingly look for ways to enhance the driving range of electric vehicles. With concerns about range anxiety still prevalent, range extenders are being developed to bridge the gap between battery-powered cars and their gasoline counterparts. Range extenders are supplementary power sources, often in the form of small combustion engines or fuel cells, which kick in when the primary battery is low. This innovation allows EVs to travel longer distances, making them more practical for long trips.
As of recent forecasts, the market for EV range extenders in the US is projected to experience substantial growth in the coming years. By 2025, the demand for these devices is expected to skyrocket as electric vehicle adoption continues to rise. Factors such as technological advancements, supportive government policies, and the increasing popularity of eco-friendly transportation solutions are fueling the growth of this market. Moreover, electric vehicle manufacturers are focusing on integrating range extenders into their EVs to cater to a broader range of consumers who might otherwise hesitate due to the limited range of fully electric vehicles.
The integration of range extenders with electric vehicles is also opening new opportunities for market players. Automotive companies, from legacy manufacturers to new entrants in the electric vehicle space, are investing heavily in research and development to create more efficient, lightweight, and cost-effective range extenders. Additionally, advancements in battery technology are complementing these efforts by improving energy density and reducing the overall size of range extenders.
The trend of adopting EVs with range extenders is expected to influence other industries, including infrastructure and charging solutions. The surge in demand will likely drive innovations in charging stations and battery technology, further enhancing the viability of electric vehicles. As the US electric vehicle market expands, the role of range extenders in improving EV accessibility and reducing range anxiety becomes increasingly significant.
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Magna
MAHLE
Rheinmetall
Plug Power
Ballard Power Systems
AVL
FEV
Delta Motorsport
Ceres Power
Nissan
General Motors
BMW
Nikola Motor
Horizon Fuel Cell Technologies
Ashwoods Electric Motors
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Vehicle Range Extender Market
Gasoline Range Extender
Diesel Range Extender
Hydrogen Fuel Cell Range Extender
Battery Range Extender
Passenger Electric Vehicles
Commercial Electric Vehicles
Electric Buses
Electric Trucks
Low Capacity (up to 30 kWh)
Medium Capacity (31 kWh to 60 kWh)
High Capacity (above 60 kWh)
Individual Consumers
Fleet Operators
Public Transport Authorities
Logistics Companies
Early Adopters
Mass Market
Late Majority
Laggards
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Vehicle Range Extender Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Vehicle Range Extender Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Vehicle Range Extender Market, By Type
6. Global Electric Vehicle Range Extender Market, By Application
7. Global Electric Vehicle Range Extender Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electric Vehicle Range Extender Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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