Top Companies in Electric Vehicle Range Extender Market | Top Players of Industry Competitive Strategies, Analysis | Vantage Market Research

Electric vehicles require electricity to propel them, which is provided by batteries installed in the vehicles.

Top Companies in Electric Vehicle Range Extender Market | Top Players of Industry Competitive Strategies, Analysis | Vantage Market Research
electric vehicle range extender market

Market Overview:

The Global Electric Vehicle Range Extender Market is valued at USD 1,182.9 Million in the year 2021 and is projected to reach a value of USD 1,962.1 Million by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 8.8% over the forecast period. Growing sales of electric vehicles and demand for electric vehicles in the worldwide market are key reasons for managing the increase of the worldwide Electric Vehicle Range Extender Market. As a result of developing environmental concerns, the adoption of electric cars has increased in each advanced and growing country. Furthermore, the governments of these regions are providing incentives and subsidies to encourage the market adoption of electrical vehicles. The arise in the electrical vehicle market in developing and advanced regions are providing a good outlook for the worldwide Electric Vehicle Range Extender Market increase and development.

Growing requirement for electric vehicle range extended: The demand for electric vehicles is developing at a fast pace globally. This has shown in the developing significance of an Electric Vehicle Range Extender in the international market. In addition, the favorable charging infrastructure is the developing demand for Electric Vehicle Range Extenders. As an outcome, this factor is boosting the increase of the worldwide Electric Vehicle Range Extender Market over the projected period.

Developing government advantage: The government is making regular efforts to increase the growth of electric vehicles globally. They are also supplying tax benefits, incentives, and subsidies for the setup of production plants for electric vehicles all over the globe. Thus, developing government initiatives there are growing possibilities for the increase of the Electric Vehicle Range Extender Market over the forecast period.

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Some of the key players operating in the Electric Vehicle Range Extender Market are listed below:

Company Name

Revenue in the US

  • AVL List GmbH

$2 Billion

  • Ballard Power Systems Inc.

$96 Million

  • BMW Group Inc

$124 Billion

  • Ceres Power Holdings PLC

$39 Million

  • Delta Motor Co.

<$5 Million

  • Magna International Inc.

$37 Billion

  • Mahle SA

$703 Million

  • Nissan Motor Co Ltd

$75 Billion

  • Plug Power Inc

$31 Million

  • Rheinmetall MAN Military Vehicles

$6 Million

  1. AVL List GmbH

AVL headquartered in Graz, Austria, is one of the world's largest independent companies for the development, simulation, and testing of powertrain systems, their integration into the vehicle as well as new fields like ADAS/AD and Data Intelligence. AVL List GmbH develops powertrain and test systems. The Company provides hybrid systems, combustion and diesel engines, transmission systems, electric drives, batteries, and simulation software. AVL serves clients worldwide.

  1. Ballard Power Systems Inc.

Ballard Power Systems Inc. designs develop, manufactures, sells, and services hydrogen fuel cells for a range of is headquartered in Burnaby, Canada, and was founded in 1979.  The Company's products and services are used in many industries such as materials handling, residential cogeneration, backup power, and transportation.

  1. BMW Group Inc

The BMW Group Inc founded and headquartered on 7 March 1916, in Munich, Germany operates as a recruiting firm. The Company provides technology and quantitative placement at technical, analytical, and management levels for a wide variety of professions including software development, database, networking, architecture, trading, sales, product development, and quality assurance. The BMW Group serves customers worldwide.

  1. Ceres Power Holdings PLC

Ceres Power Holdings plc is founded in British technology and engineering innovation origination on 23 May 2001, the United Kingdom operates as a fuel cell technology and engineering company. The Company generates and distributes energy to businesses, homes, and vehicles. Ceres Power Holdings serves customers globally.

  1. Delta Motor Co.

Delta Motor Co. was founded in 1993. Delta is an electrified powertrain specialist, based at the world-famous Silverstone Circuit, in the heart of the UK's high-performance technology cluster. The company's line of business includes the repair of miscellaneous electrical and electronic equipment. The company has developed MiTRE (Micro-turbine range extender) which features small, lightweight turbomachinery attached to an electric generator, which keeps the battery pack charged up and thus increases the range of the vehicle. The company also assists OEMs in developing batteries and powertrains for vehicle applications.

  1. Magna International Inc.

Magna International Inc. is a Canadian parts manufacturer for automakers based in Aurora, Canada. It was founded in 1957. The Company offers body exteriors, chassis structures, transmissions, lighting, seating, and fuel systems. with more than 159,000 entrepreneurial-minded employees Magna International delivers mobility solutions that serve its customers worldwide.

  1. Mahle SA

Mahle SA develops and manufactures automotive parts and is one of the top leading international development partners and suppliers to the automotive industry as well as a pioneer and technology driver for the mobility of the future. The Company provides air conditioning, fuel management, valve trains, engine components, cylinder liners, piston pins, filter systems, thermal management, and engineering services. Mahle serves customers worldwide with its headquarters in Stuttgart, Germany.

  1. Nissan Motor Co Ltd

Nissan Motor Co Ltd. is a Japanese multinational automobile manufacturer headquartered in Nishi-Ku, Yokohama, Japan, and was founded in 1933. the company manufactures and distributes automobiles and related parts. It also provides financing services. Nissan delivers a comprehensive range of products under various brands. The Company manufactures in Japan, the United States, Mexico, the United Kingdom, and many other countries.

  1. Plug Power Inc

Plug Power, Inc. designs, develops, manufactures, and commercializes fuel cell systems for electric lift trucks and materials handling equipment. It is headquartered in Latham, New York, United States, and was founded in 1997. The Company offers its products globally to retail, grocery, and institutional food distribution centers, as well as manufacturing facilities.

  1. Rheinmetall MAN Military Vehicles

The Rheinmetall Group with its headquarters in Munich, Germany is a renowned development partner and direct supplier to the global automotive industry and one of the leading providers of security. As an integrated technology group with about 25,000 employees worldwide, the listed Rheinmetall AG stands for a strong, internationally successful company that operates in various markets with an innovative range of products and services.

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