The Vehicle-to-Grid Technology Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Vehicle-to-Grid Technology Global Market Report 2024, The vehicle-to-grid technology market size has grown exponentially in recent years. It will grow from $3.39 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 25.0%. The growth in the historic period can be attributed to electric vehicle adoption, grid stability and management, renewable energy integration, energy resilience and emergency power, government support and policies.
The vehicle-to-grid technology market size is expected to see exponential growth in the next few years. It will grow to $9.64 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to expansion of electric vehicle fleets, grid decentralization and distributed energy resources, integration with smart grids, demand response programs, environmental sustainability goals. Major trends in the forecast period include collaborations between automakers and utilities, introduction of V2G-capable charging stations, expansion of V2G pilot programs and demonstrations, integration with renewable energy sources, regulatory support and standardization initiatives.
The increasing adoption of electric vehicles is expected to propel the growth of the vehicle-to-grid technology market going forward. An electric vehicle is one that is propelled by an electric motor that receives its energy from a battery and can be charged from an external source. Vehicle-to-grid technology is utilized in electric vehicles for smart charging technology, which allows vehicle batteries to give electricity back into the grid. It uses information technology to control energy use while travelling on roadways. For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the increasing adoption of electric vehicles is driving the growth of the vehicle-to-grid technology market.
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The vehicle-to-grid technology market covered in this report is segmented –
1) By Component: Electric Vehicle Supply Equipment (EVSE), Home Energy Management (HEM) System, Smart Meters, Software Solutions
2) By Charging Type: Unidirectional Charging, Bidirectional Charging
3) By Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)
4) By Application: Reactive Power, Baseload Power, Spinning Reserves, Peak Power Sales, Other Applications
Major companies operating in the vehicle-to-grid technology market are forming partnerships to develop new products and strengthen their positions in the market. Collaborations and partnerships in the vehicle-to-grid technology market foster innovation, leverage complementary expertise, and accelerate the development and commercialization of advanced therapies by combining resources and capabilities. For instance, in November 2023, Toyota Motor Corporation, a Japan-based automotive manufacturer partnered with San Diego Gas & Electric Company (SDG&E), a US-based regulated public utility that provides natural gas and electricity services. Through this partnership, energy use will be optimized as we investigate the use of grid-to-power electric vehicles (EVs) that can return to the grid when needed. This partnership is aiming to identify areas of overlap between the demands of BEV owners and grid requirements.
The vehicle-to-grid technology market report table of contents includes:
- Executive Summary
- Vehicle-to-Grid Technology Market Characteristics
- Vehicle-to-Grid Technology Market Trends And Strategies
- Vehicle-to-Grid Technology Market - Macro Economic Scenario
- Global Vehicle-to-Grid Technology Market Size and Growth
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- Global Vehicle-to-Grid Technology Market Competitive Benchmarking
- Global Vehicle-to-Grid Technology Market Competitive Dashboard
- Key Mergers And Acquisitions In Vehicle-to-Grid Technology Market
- Vehicle-to-Grid Technology Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Daimler AG General Motors (GM)
- BMW AG
- Enel SpA
- Honda Motor Co Ltd.
- Hitachi Ltd.
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Report on World Vehicle-to-grid (V2G) Market by Product Type, Market, Players, and Regions-Forecast to 2025 by DecisionDatabases.comVehicle-to-grid (V2G) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry Players.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/12755-vehicle-to-grid-v2g-sales-industry-market-reportThe Players mentioned in our reportNissanMitsubishiEV GridHondaFord TechnologyCorinexEnerdelPacific Gas and Electric CompanyNextEnergyEnel/EndesaNRG EnergyBoulderAC PropulsionCoritech ServicesGlobal Vehicle-to-grid (V2G) Market: Application Segment AnalysisGlobal Vehicle-to-grid (V2G) Market: Regional Segment AnalysisUSAEuropeJapanChinaIndiaSouth East AsiaDownload Free Sample Report of World Vehicle-to-grid (V2G) Market @ https://www.decisiondatabases.com/contact/download-sample-12755There are 10 Chapters to deeply display the World Vehicle-to-grid (V2G) market.Chapter 1 About the Vehicle-to-grid (V2G) Industry Chapter 2 World Market Competition LandscapeChapter 3 World Vehicle-to-grid (V2G) Market shareChapter 4 Supply Chain AnalysisChapter 5 Company ProfilesChapter 6 Globalisation & TradeChapter 7 Distributors and CustomersChapter 8 Import, Export, Consumption and Consumption Value by Major CountriesChapter 9 World Vehicle-to-grid (V2G) Market Forecast through 2025Chapter 10 Key success factors and Market OverviewPurchase the complete World Vehicle-to-grid (V2G) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-12755Other Reports by DecisionDatabases.com:World Commercial Vehicle Axles Market Research Report 2025 (covering USA, Europe, China, Japan, India, South East Asia and etc)World Fuel Cell Electric Vehicle Market Research Report 2025 (covering USA, Europe, China, Japan, India, South East Asia and etc)About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/
The Global Vehicle to Grid Market is projected to grow at a healthy growth rate from 2018 to 2025 according to new research.
The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.
It also presents insights into various restraints that pose threat and highlights opportunities that will help the market pick pace in the forthcoming years.
The report compiles exhaustive information obtained via proven research methodologies and from trusted sources from within the industries.
It also includes expert opinions to provide readers a clearer perspective regarding the global market.
The report segments the global Vehicle to Grid market as: Global Vehicle to Grid Market: Regional Segment AnalysisNorth AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa) Global Vehicle to Grid Market: Type Segment AnalysisDrive System TechnologySoftware And Communication Technology Global Vehicle to Grid Market: Application Segment AnalysisBattery Electric VehiclePlug-In Hybrid Electric VehicleFuel Cell Electric Vehicle Global Vehicle to Grid Market: Manufacturers Segment AnalysisAC PropulsionCoritech ServicesDensoHitachiAutoportBMWDaimlerHondaKisensum Global Vehicle to Grid Market: Key StakeholdersVehicle to Grid ManufacturersVehicle to Grid Distributors/Traders/WholesalersVehicle to Grid Subcomponent ManufacturersIndustry AssociationDownstream Vendors In this study, the years considered to estimate the market size of Vehicle to Grid are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025 The micro and macroeconomic factors influencing the growth of the market are covered in the detailed study of the Vehicle to Grid Market analysis report published on Up Market Research.
