Thailand Electric Vehicle Range Extender Market (2025-2031) Outlook | Growth, Revenue, Size, Companies, Share, Value, Forecast, Analysis, Trends & Industry
Market Forecast By Type (ICE Range Extender, Fuel Cell Range Extender, Others), By Component (Battery Pack, Generator, Power Converter, Electric Motor), By Vehicle (PC , CV) And Competitive Landscape
| Product Code: ETC4571126 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Thailand Electric Vehicle Range Extender Market: Import Trend Analysis
In the Thailand electric vehicle range extender market, the import trend showed a growth rate of 6.59% from 2023 to 2024, while the compound annual growth rate (CAGR) for 2020-2024 was -14.41%. This decline in CAGR could be attributed to shifts in consumer demand towards more sustainable transportation solutions and changes in government policies promoting electric vehicles.
Thailand Electric Vehicle Range Extender Market Synopsis
Electric vehicle range extenders are devices that provide additional power to electric vehicles, helping to increase their driving range. In Thailand, where EV adoption is increasing, the Electric Vehicle Range Extender market is gaining attention. These extenders offer a practical solution for addressing range anxiety and making electric vehicles more versatile for various applications.
Drivers of the Market
The Thailand Electric Vehicle Range Extender Market is experiencing significant growth as electric vehicles seek to overcome range limitations. Range extenders are auxiliary power units that provide additional electric power to extend the driving range of electric vehicles. The market expansion is fueled by Thailand commitment to electric mobility, addressing range anxiety, and incorporating innovative range extender technologies to enhance the practicality and adoption of electric vehicles.
Challenges of the Market
In the Thailand Electric Vehicle Range Extender Market, challenges include improving efficiency and addressing range anxiety. Developing range extender technologies that can effectively enhance the driving range of electric vehicles while minimizing fuel consumption poses ongoing challenges. Addressing consumer concerns about range anxiety and optimizing the integration of range extender systems with electric powertrains are crucial factors for market success.
COVID-19 Impact on the Market
The Thailand Electric Vehicle Range Extender Market faced challenges during the COVID-19 pandemic, impacting the adoption of range extender technologies in electric vehicles (EVs). However, as the automotive industry accelerates the transition to electric mobility and addresses range anxiety concerns, the market is expected to recover. The emphasis on electric vehicle range extenders for tasks such as extending driving range, supporting hybrid configurations, and promoting EV adoption positions the market as a key player in overcoming the limitations of battery-powered vehicles. The market recovery aligns with the growing acceptance of electric vehicles and the need for innovative solutions to enhance their range and versatility.
Key Players in the Market
The Thailand Electric Vehicle Range Extender Market is experiencing growth, with key players such as AVL List GmbH, Ballard Power Systems Inc., and Magna International Inc. actively participating. AVL List GmbH, a major contributor, specializes in developing range extender systems for electric vehicles, enhancing their driving range. Their expertise in electrification solutions positions AVL List as a key player in the electric vehicle range extender market in Thailand, supporting the adoption of electric mobility.
Key Highlights of the Report:
- Thailand Electric Vehicle Range Extender Market Outlook
- Market Size of Thailand Electric Vehicle Range Extender Market, 2024
- Forecast of Thailand Electric Vehicle Range Extender Market, 2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Revenues & Volume for the Period 2021-2031
- Thailand Electric Vehicle Range Extender Market Trend Evolution
- Thailand Electric Vehicle Range Extender Market Drivers and Challenges
- Thailand Electric Vehicle Range Extender Price Trends
- Thailand Electric Vehicle Range Extender Porter's Five Forces
- Thailand Electric Vehicle Range Extender Industry Life Cycle
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By ICE Range Extender for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By Fuel Cell Range Extender for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By Component for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By Battery Pack for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By Generator for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By Power Converter for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By Electric Motor for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By Vehicle for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By PC for the Period 2021-2031
- Historical Data and Forecast of Thailand Electric Vehicle Range Extender Market Revenues & Volume By CV for the Period 2021-2031
- Thailand Electric Vehicle Range Extender Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Component
- Market Opportunity Assessment By Vehicle
- Thailand Electric Vehicle Range Extender Top Companies Market Share
- Thailand Electric Vehicle Range Extender Competitive Benchmarking By Technical and Operational Parameters
- Thailand Electric Vehicle Range Extender Company Profiles
- Thailand Electric Vehicle Range Extender Key Strategic Recommendations
What are the latest consumer, technology, and policy trends in the Thailand electric vehicle range extender market?
In Thailand, consumers are increasingly demanding electric vehicles with extended range capabilities to alleviate range anxiety. Technology trends include the development of compact and efficient range extender systems by companies like BMW with their i3 REx model. Policy-wise, the Thai government is incentivizing the adoption of electric vehicles through tax breaks and subsidies to promote a greener transportation sector.
The future outlook for the Thailand electric vehicle range extender market looks promising as major automakers like Toyota and Nissan are investing in hybrid technologies to improve the efficiency and range of electric vehicles. Additionally, the Thai government's push for sustainable transportation and the development of infrastructure to support electric vehicles indicate a growing market for range extenders in the country.
Customer preferences in the Thailand electric vehicle range extender market are increasingly leaning towards plug-in hybrid electric vehicles (PHEVs) that offer both electric and internal combustion engine capabilities. Companies like Toyota with their Prius Prime model have been successful in catering to this preference by providing a range extender option that combines electric power with the convenience of a gasoline engine, offering customers flexibility and peace of mind during longer trips.
In the Thailand electric vehicle range extender market, key competitors include companies like MAHLE Group, AVL List GmbH, and Plug Power Inc. MAHLE Group is known for its innovative range extender solutions that focus on efficiency and performance. AVL List GmbH specializes in developing customized range extenders that cater to specific vehicle requirements. Plug Power Inc. offers fuel cell range extender solutions, positioning itself as a leader in sustainable power solutions for electric vehicles in the market.
The Thailand electric vehicle range extender market is primarily driven by the government's initiatives to promote electric mobility, such as the Thailand EV 4.0 policy, which aims to increase the adoption of electric vehicles in the country. However, challenges like limited charging infrastructure and high initial costs for EVs hinder market growth. Additionally, the dynamics in this market are influenced by the increasing investments by companies like Nissan, which introduced the e-POWER range extender technology in Thailand to enhance the driving range of electric vehicles.
6Wresearch actively monitors the Thailand Electric Vehicle Range Extender Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand Electric Vehicle Range Extender Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Electric Vehicle Range Extender Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Electric Vehicle Range Extender Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Electric Vehicle Range Extender Market - Industry Life Cycle |
3.4 Thailand Electric Vehicle Range Extender Market - Porter's Five Forces |
3.5 Thailand Electric Vehicle Range Extender Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Electric Vehicle Range Extender Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Thailand Electric Vehicle Range Extender Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 Thailand Electric Vehicle Range Extender Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for electric vehicles |
4.2.2 Technological advancements in battery technology for extended range |
4.2.3 Growing environmental awareness and focus on reducing carbon emissions |
4.3 Market Restraints |
4.3.1 High initial costs of electric vehicles and range extenders |
4.3.2 Lack of charging infrastructure in Thailand |
4.3.3 Limited consumer awareness and understanding of electric vehicles and range extenders |
5 Thailand Electric Vehicle Range Extender Market Trends |
6 Thailand Electric Vehicle Range Extender Market, By Types |
6.1 Thailand Electric Vehicle Range Extender Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By ICE Range Extender, 2021-2031F |
6.1.4 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By Fuel Cell Range Extender, 2021-2031F |
6.1.5 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By Others, 2021-2031F |
6.2 Thailand Electric Vehicle Range Extender Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By Battery Pack, 2021-2031F |
6.2.3 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By Generator, 2021-2031F |
6.2.4 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By Power Converter, 2021-2031F |
6.2.5 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By Electric Motor, 2021-2031F |
6.3 Thailand Electric Vehicle Range Extender Market, By Vehicle |
6.3.1 Overview and Analysis |
6.3.2 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By PC , 2021-2031F |
6.3.3 Thailand Electric Vehicle Range Extender Market Revenues & Volume, By CV, 2021-2031F |
7 Thailand Electric Vehicle Range Extender Market Import-Export Trade Statistics |
7.1 Thailand Electric Vehicle Range Extender Market Export to Major Countries |
7.2 Thailand Electric Vehicle Range Extender Market Imports from Major Countries |
8 Thailand Electric Vehicle Range Extender Market Key Performance Indicators |
8.1 Average cost per kilowatt-hour of batteries |
8.2 Number of charging stations per capita |
8.3 Percentage of consumers considering purchasing an electric vehicle |
8.4 Average driving range of electric vehicles in Thailand |
8.5 Adoption rate of electric vehicles in Thailand |
9 Thailand Electric Vehicle Range Extender Market - Opportunity Assessment |
9.1 Thailand Electric Vehicle Range Extender Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Electric Vehicle Range Extender Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Thailand Electric Vehicle Range Extender Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 Thailand Electric Vehicle Range Extender Market - Competitive Landscape |
10.1 Thailand Electric Vehicle Range Extender Market Revenue Share, By Companies, 2024 |
10.2 Thailand Electric Vehicle Range Extender Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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