Europe Automotive Range Extenders Market was valued at USD 0.8 Billion in 2022 and is projected to reach USD 1.9 Billion by 2030, growing at a CAGR of 12.0% from 2024 to 2030.
The Europe Automotive Range Extenders market is gaining significant traction as the automotive industry transitions towards electric vehicles (EVs). As automakers strive to create more efficient and sustainable electric vehicles, range extenders offer a valuable solution by enhancing the driving range of EVs. These devices, often powered by small internal combustion engines, generate electricity to charge the vehicle’s battery when its charge depletes. The demand for automotive range extenders has surged, driven by industries looking to increase the appeal of EVs to consumers who may have concerns about range anxiety. Range extenders are designed to work seamlessly with EVs, offering a hybrid solution that combines the advantages of electric power with the flexibility of traditional fuel sources.
Across various sectors, automotive companies are exploring range extenders as a key technology to boost the adoption of electric vehicles. For example, commercial vehicle operators and fleet owners are particularly interested in range extenders as they address concerns over long-distance travel and refueling times. These industries require vehicles that can operate efficiently over long distances without compromising on fuel economy or turnaround times. This has led to an increased focus on the development of hybrid EVs equipped with range extenders, which combine the benefits of electric motors for city driving and combustion engines for long-distance travel.
Moreover, the demand for automotive range extenders is closely linked to the growing emphasis on reducing carbon emissions. As governments in Europe impose stricter emission standards, manufacturers are keen on incorporating range extenders to ensure compliance while maintaining the convenience of longer driving ranges. Additionally, industries such as logistics and transportation are demanding these range extenders for their ability to offer extended operational time without sacrificing performance or fuel efficiency.
In this rapidly evolving landscape, it’s crucial for automakers to collaborate with suppliers who can provide cutting-edge range extender technologies. These technologies must meet the increasing requirements for efficiency, durability, and sustainability. As the market for electric vehicles continues to grow, automotive range extenders will play an essential role in meeting the diverse needs of the European automotive industry.
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Leling Hetian Electric Vehicle Parts
Damosen
Liuzhou Wuling Liuji Power
Ruifa
Weichai
Chita Technology
DSM Green Power
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 Europe Automotive Range Extenders Market
Internal Combustion Engine (ICE)
Electric Engine
Gasoline
Diesel
Hydrogen
Biodiesel
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Series Hybrid
Parallel Hybrid
Series-Parallel Hybrid
Urban Commuting
Long-Distance Travel
Emergency Services
Public Transportation
US (United States, US 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 Europe Automotive Range Extenders 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. Europe Automotive Range Extenders Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Automotive Range Extenders Market, By Type
6. Europe Automotive Range Extenders Market, By Application
7. Europe Automotive Range Extenders Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Automotive Range Extenders Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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