Vehicle-To-Grid (V2G) Market By Technology (Power management, Software), By Charging Type (Unidirectional Charging, Bidirectional Charging), By Vehicle Type (Battery Electric Vehicles, Plug In Hybrid Electric Vehicles, Fuel Cell Vehicles (FCVs)), By Components (Electric Vehicle Supply Equipment (EVSE), Smart Meters, Home Energy Management (HEM), Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Vehicle-to-grid (V2G) technology enables energy to be pushed back to the power grid from the battery of an electric car. It helps to balance variations in energy production and consumption. The work of a vehicle-to-grid system is similar to regular smart charging, which enables the user to control the charging of electric cars in a way that allows the charging power to be increased and decreased when needed. Vehicle-to-grid is a system that is used by electric vehicles such as battery electric vehicles (BEV), plug-in hybrids (PHEV) or hydrogen fuel cell electric vehicles (FCEV). A car battery can be charged and discharged based on different signals such as energy production or consumption nearby with vehicle-to-grid technology.
The global automotive industry has experienced tremendous transformation in the past few years. The ever-growing demand for zero emission vehicles has made the vehicle manufacturers focus on development and sales of electric vehicles. Moreover, the government support for electric vehicle ecosystem is anticipated to supplement the growth of the vehicle-to-grid (V2G) market during the forecast period.
The vehicle-to-grid (V2G) market is segmented on the basis of technology, charging type, vehicle type, component, and region. By technology, it is bifurcated into power management, and software. By charging type, it is fragmented into unidirectional charging, and bidirectional charging. By vehicle type, it is divided into battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles (FCVs). By component, it is classified into integrated electric vehicle supply equipment (EVSE), smart meters, home energy management (HEM), and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The key players that operate in this market are ABB, AC Propulsion, Inc., Boulder Electric Vehicle, Denso Corporation, Edison International, EnerDel, Inc., EV Grid, Inc., Fermata Energy, Hitachi, Ltd, Honda Motor Co., Ltd., Indra, Nissan Motor Corporation, NRG Energy, Inc., Nuvve Holding Corp., OVO Energy Ltd., Toyota Industries Corporation, and Wallbox Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vehicle-to-grid (v2g) market analysis from 2021 to 2031 to identify the prevailing vehicle-to-grid (v2g) market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the vehicle-to-grid (v2g) market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global vehicle-to-grid (v2g) market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Vehicle Type
Battery Electric Vehicles
Plug In Hybrid Electric Vehicles
Fuel Cell Vehicles (FCVs)
By Components
Electric Vehicle Supply Equipment (EVSE)
Smart Meters
Home Energy Management (HEM)
Others
By Technology
Power management
Software
By Charging Type
Unidirectional Charging
Bidirectional Charging
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
Netherlands
United Kingdom
Poland
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Asean
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
ABB
AC Propulsion, Inc.
Boulder Electric Vehicle
DENSO Co.
Edison International
EnerDel, Inc
EV Grid, Inc
Fermata Energy
Hitachi, Ltd
Honda
Indra
Nissan Motor Corporation
NRG Energy, Inc
Nuvve Corporation
OVO Energy Ltd
Toyota-shokki
Wallbox
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