Portland, OR, August 20, 2020 (GLOBE NEWSWIRE) – According to the report through Allied Market Research, the global market for electric vehicle diversity extenders generated $839.8 million in 2018 and is expected to generate $1.67 billion through 2026, with a CAGR expansion of 9.0% from 2019 to 2026. The report provides in-depth research into key market location dynamics, driving forces and opportunities, key segments, prices, product portfolio and competitive scenario.
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The increased demand for prolonged diversity in electric cars and the need for engine length are driving the expansion of the global electric vehicle extension (EV) market. However, the progression of the extension of the autonomy of the BEVs and the concentration of OEMs in cutting the value of batteries hinder the expansion of the market. In addition, increased demand for extended mobile fuel battery life and the progression of cutting-edge diversity extensions are creating new opportunities in the industry.
COVID-19 on EV Diversity Extenders:
Depending on the type, the ICE Diversity Extender segment accounted for almost part of the overall percentage of the global electric vehicle extender (EV) market in 2018 and is expected to maintain its dominant percentage during the forecasting period. However, the mobile fuel diversity extender segment is expected to have the fastest CAGR of 9.9% from 2019 to 2026.
Based on the components, the battery segment contributed to the highest percentage of place in the market, where the product was placed, representing more than one third of the overall percentage where it was placed on the market, and is expected to maintain its leading prestige during the forecasting period. However, the force converter segment is expected to record the highest compound annual growth rate (CAGR) of 10.1% from 2019 to 2026. According to the region, North America is expected to have the highest compound annual growth rate of 10.6% from 2019 to 2026. On the other hand, Asia-Pacific has contributed the highest percentage of place in the market in terms of revenue, representing almost a part of the global market rather than where the cord is placed for electric vehicle rangers (EVs) in 2019, and is expected to maintain its dominant percentage during the forecasting period. AVL Major marketplaceplaceplacelace players in the report come with Delta Motorsport, BMW, Ceres Power, Magna International, MAHLE, Nissan Motor Corporation, Plug Power Inc. and Rheinmetall.
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