Electric Vehicle Range Extender Market Growing Slowly

MarketsandMarkets’ report, “Electric Vehicle Range Extender Market by Type, Component, Vehicle, and Region - Global Forecast to 2025”, claims the global market is estimated to be 218,129 units in 2018 and is projected to reach 479,027 units by 2025, at a CAGR of 11.89%. The report also claims that the ICE range extender is the fastest growing segment of the extended market.

 

The cost of an ICE range extender is lower than a fuel cell range extender. Due to its low-cost advantage, the market for ICE range extender is expected to grow in the near future. Additionally, OEMs such as Nissan (Japan) and Suzuki (Japan) plan to launch electric vehicles equipped with an ICE range extender in developing economies such as India. These factors will help to drive the ICE range extender market.

SENSORS MIDWEST

Sensors Midwest Hits Rosemont, IL October 16-17!

Sensors Midwest, the industry's largest event focusing on sensors, design, and IIoT in the Midwest region, is scheduled for October 16-17 at the Donald E. Stephens Convention Center in Rosemont, IL. Co-located with STMA, the event draws over 1,000 engineers and engineering professionals that are looking for access to the latest sensor advancements and will provide an opportunity to connect with the area's greatest technology leaders and suppliers.

 

Report Notes

  • Passenger car segment to acquire the largest share of Electric Vehicle Range Extender Market, by vehicle type
  • Asia Pacific: The largest market for the Electric Vehicle Range Extender Market
  • Major technology vendors include Magna International (Canada), MAHLE (Germany), Rheinmetall (Germany), Plug Power (US), and AVL (Austria).

Want to extend your knowledge of these extenders? Then browse the “Electric Vehicle Range Extender Market” report.

 

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