New Study from StrategyR Highlights a 439.8 Thousand Units Global Market for Electric Vehicle Range Extender by 2026

SAN FRANCISCO, Oct. 7, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Electric Vehicle Range Extender - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1867
Companies: 20 - Players covered include Advanced Innovative Engineering Ltd.; Arcola Energy Ltd.; Ashwoods Electric Motors Limited; AVL List GmbH; Ballard Power Systems, Inc.; Bjorksten Bit 7 (bb7); BMW AG; Ceres Power Holdings PLC; Delta Motorsport Ltd.; EP Tender; Fagor Ederlan Group; FEV Group; General Motors Company; Horizon Fuel Cell Technologies Pte Ltd.; Magna International, Inc.; MAHLE Aftermarket, Inc.; Mazda Motor Corporation; Nikola Motor Company; Nissan Motor Co., Ltd.; OBRIST Powertrain GmbH; Plug Power Inc.; Rheinmetall AG; Symbio; Wrightspeed and Others.
Coverage: All major geographies and key segments
Segments: Component (Battery Pack, Generator, Power Converter, Electric Motor); Type (ICE Range Extender, Fuel Cell Range Extender, Other Types); Vehicle (Passenger Cars, Commercial Vehicles)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Electric Vehicle Range Extender Market to Reach 439.8 Thousand Units by 2026
Amid the COVID-19 crisis, the global market for Electric Vehicle Range Extender estimated at 237.6 Thousand Units in the year 2020, is projected to reach a revised size of 439.8 Thousand Units by 2026, growing at a CAGR of 10.5% over the analysis period. ICE Range Extender, one of the segments analyzed in the report, is projected to record a 11.1% CAGR and reach 389.4 Thousand Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fuel Cell Range Extender segment is readjusted to a revised 8.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at 71.3 Thousand Units in 2021, While China is Forecast to Reach 91.5 Thousand Units by 2026
The Electric Vehicle Range Extender market in the U.S. is estimated at 71.3 Thousand Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 91.5 Thousand Units by the year 2026 trailing a CAGR of 14% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.2% and 9.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.