Electric Vehicle Range Extender Market: Overview
An electric vehicle range extender is an additional electrical power supply unit for electric vehicles that includes an auxiliary power unit (APU). Major components of an electric vehicle range extender are the ICE, generator, AC/DC converter, and fuel tank. In the urban areas of developing countries with dense traffic, the average speed of a vehicle is around 50 km/h. In these areas, the rolling resistance losses of vehicles are more important as compared to aerodynamic loses. Therefore, developing countries are projected to represent an addressable opportunity for the electrical vehicle range extender market over the forecast time period. Furthermore, countries where the speed of vehicles on highways is limited, there is business opportunity for electric vehicle range extenders, owing to electric vehicles having a limited speed range. In military operations conventional vehicles are unable to reach nearby targets due to limited fuel capacity. For efficiently performing these type of secret operations, electric vehicle range extenders are being used. Seeing this optimistic scenario of electric vehicles, tech giant players are developing electric vehicle range extenders for renowned automotive players such as BMW. The company also announced that it plans to launch the BMW iX3 with the ICE type electric vehicle range extender. Nissan also announced that it will introduce the Nissan e-Power type electric vehicle range extender for catering to the demand of Indian consumers in the coming years.
Electric Vehicle Range Extender Market: Dynamics
The governments of countries such as the U.S., China, and Germany are conducting schemes and plans for increasing the adoption rates of electric vehicle range extenders for electric vehicles in order to create a green transportation environment. Moreover, OEMs such as Suzuki and Nissan are planning to launch electric vehicles equipped with an ICE type electric vehicle range extenders in India, which will surge the demand for electric vehicle range extenders. Moreover, rising disposal income and consumer spending for reduced emissions are also anticipated to pave the way for the electric vehicle range extender market over the stipulated time period.
High initial costs coupled with lack of awareness pertaining to electric vehicle range extenders are the prominent factors which may hinder the growth of the electric vehicle range extender market during the forecast period.
Download Sample Copy at https://www.futuremarketinsights.com/reports/sample/REP-GB-7453?source=atm
Electric Vehicle Range Extender Market: Segmentation
On the basis of product type, the electric vehicle range extender market can be segmented as: Fuel Cell Range Extenders ICE Range Extenders Others
On the basis of component, the electric vehicle range extender market can be segmented as: Generators Power Converters Electric Motors Battery Packs
On the basis of vehicle, the electric vehicle range extender market can be segmented as: Passenger Vehicles Commercial Vehicles Off-highway Vehicles Autonomous Underwater Vehicles (AUVs) Others
On the basis of end user, the electric vehicle range extender market can be segmented as: Aircraft Military Municipality Others
Electric Vehicle Range Extender Market: Regional Outlook
Download Table of Contents at https://www.futuremarketinsights.com/toc/REP-GB-7453?source=atm
North America is projected to be dominate the electric vehicle range extender market, owing to the rising adoption rate of electric vehicles as well as supportive government regulations pertaining to reduce the emission of carbon particles. This is anticipated to boost the market value for the electric vehicle range extender market during the forecast period. Western Europe is projected to be the second-largest marker for electric vehicle range extenders, owing to a surge in the demand for electric vehicles, which may also ramp up the volume sales of electric vehicle range extenders during the forecast period. Asia pacific is projected to be the fastest growing region for electric vehicle range extenders, owing to the increasing awareness of electric vehicles in China, India, and Japan. In the Middle East and Africa region, governments are focusing on green transportation through the adoption of electric vehicles, which is also projected to lead to a significant contribution in the growth of the electric vehicle range extender market during the forecast period.
Electric Vehicle Range Extender Market: Key Participants
Some of the market participants in the electric vehicle range extender market identified across the value chain: Wrightspeed Inc. Magna International MAHLE Powertrain Ltd. PLUG POWER INC. Ballard Power Systems BMW of North America Nikola Motor Delta Motorsport Ltd. Fagor Ederlan Group EP Tender
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, component, vehicle, and end user.
The report covers exhaustive analysis on: Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved Technology Value Chain
Regional analysis includes: North America (U.S., Canada) Latin America (Mexico, Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights: Detailed overview of parent market Changing market dynamics in the industry In-depth market segmentation Historical, current, and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint
NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.
Buy Now to Get $1000 Off and Detailed Customization at https://www.futuremarketinsights.com/checkout/7453?source=atm
This post was originally published on Trading Herald