Europe Vehicle-To-Grid (V2G) Market Size, Share & Trends Analysis Report By Technology (Power Management and Software), By Vehicle Type, By Charging Type (Unidirectional Charging and Bidirectional Charging), By Component, By Country and Growth Forecast, 2
Europe Vehicle-To-Grid (V2G) Market Size, Share & Trends Analysis Report By Technology (Power Management and Software), By Vehicle Type, By Charging Type (Unidirectional Charging and Bidirectional Charging), By Component, By Country and Growth Forecast, 2023 - 2030
The Europe Vehicle-To-Grid (V2G) Market would witness market growth of 24.1% CAGR during the forecast period (2023-2030).
At its core, V2G embodies the convergence of two fundamental trends reshaping the energy landscape, that is, transportation electrification and the proliferation of renewable energy sources. As EV adoption continues to surge, driven by advancements in battery technology, declining costs, and increasing environmental awareness, the role of EVs extends beyond mere modes of transportation. EVs equipped with bidirectional charging capabilities hold the potential to serve as mobile energy storage units, capable of storing surplus electricity from renewable sources and injecting it back into the grid when needed most.
The adoption of EVs is propelled by several key factors driving the shift towards cleaner and more sustainable transportation options. Increasing awareness among governments, businesses, and individuals regarding the environmental consequences of conventional gasoline and diesel vehicles has led to a surge in the popularity of electric vehicles (EVs), regarded as more sustainable and environmentally clean alternatives.
EV sales experienced a substantial surge of 69.3%, resulting in a noteworthy market share of 15.4%. The surge in demand for EVs in Europe necessitates a parallel rise in the need for vehicle-to-grid systems, crucial components for managing electrical power in electric vehicles. Therefore, the rising production of EVs in the region is driving the growth of the vehicle-to-grid (V2G) market.
The Germany market dominated the Europe Vehicle-To-Grid (V2G) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $844.1 Million by 2030. The UK market is exhibiting a CAGR of 23% during (2023 - 2030). Additionally, The France market would experience a CAGR of 25.2% during (2023 - 2030).
Based on Technology, the market is segmented into Power Management and Software. Based on Vehicle Type, the market is segmented into Battery Electric Vehicles, Plug In Hybrid Electric Vehicles, and Fuel Cell Vehicles (FCVs). Based on Charging Type, the market is segmented into Unidirectional Charging and Bidirectional Charging. Based on Component, the market is segmented into Electric Vehicle Supply Equipment (EVSE), Smart Meters, Home Energy Management (HEM), and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Netherlands, Norway, and Rest of Europe.
List of Key Companies Profiled
ABB Group
Denso Corporation
Hitachi, Ltd.
Honda Motor Co. Ltd.
Indra Sistemas, S.A.
Nissan Motor Co., Ltd
NRG Energy, Inc.
Toyota Industries Corporation
Fermata Energy
Wallbox N.V.
Europe Vehicle-To-Grid (V2G) Market Report Segmentation
By Technology
Power Management
Software
By Vehicle Type
Battery Electric Vehicles
Plug In Hybrid Electric Vehicles
Fuel Cell Vehicles (FCVs)
By Charging Type
Unidirectional Charging
Bidirectional Charging
By Component
Electric Vehicle Supply Equipment (EVSE)
Smart Meters
Home Energy Management (HEM)
Others
By Country
Germany
UK
France
Russia
Netherlands
Norway
Rest of Europe
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Vehicle-To-Grid (V2G) Market, by Technology
1.4.2 Europe Vehicle-To-Grid (V2G) Market, by Vehicle Type
1.4.3 Europe Vehicle-To-Grid (V2G) Market, by Charging Type
1.4.4 Europe Vehicle-To-Grid (V2G) Market, by Component
1.4.5 Europe Vehicle-To-Grid (V2G) Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Vehicle-To-Grid (V2G) Market
Chapter 5. Europe Vehicle-To-Grid (V2G) Market by Technology
5.1 Europe Power Management Market by Country
5.2 Europe Software Market by Country
Chapter 6. Europe Vehicle-To-Grid (V2G) Market by Vehicle Type
6.1 Europe Battery Electric Vehicles Market by Country
6.2 Europe Plug In Hybrid Electric Vehicles Market by Country
6.3 Europe Fuel Cell Vehicles (FCVs) Market by Country
Chapter 7. Europe Vehicle-To-Grid (V2G) Market by Charging Type
7.1 Europe Unidirectional Charging Market by Country
7.2 Europe Bidirectional Charging Market by Country
Chapter 8. Europe Vehicle-To-Grid (V2G) Market by Component
8.1 Europe Electric Vehicle Supply Equipment (EVSE) Market by Country
8.2 Europe Smart Meters Market by Country
8.3 Europe Home Energy Management (HEM) Market by Country
8.4 Europe Others Market by Country
Chapter 9. Europe Vehicle-To-Grid (V2G) Market by Country
9.1 Germany Vehicle-To-Grid (V2G) Market
9.1.1 Germany Vehicle-To-Grid (V2G) Market by Technology
9.1.2 Germany Vehicle-To-Grid (V2G) Market by Vehicle Type
9.1.3 Germany Vehicle-To-Grid (V2G) Market by Charging Type
9.1.4 Germany Vehicle-To-Grid (V2G) Market by Component
9.2 UK Vehicle-To-Grid (V2G) Market
9.2.1 UK Vehicle-To-Grid (V2G) Market by Technology
9.2.2 UK Vehicle-To-Grid (V2G) Market by Vehicle Type
9.2.3 UK Vehicle-To-Grid (V2G) Market by Charging Type
9.2.4 UK Vehicle-To-Grid (V2G) Market by Component
9.3 France Vehicle-To-Grid (V2G) Market
9.3.1 France Vehicle-To-Grid (V2G) Market by Technology
9.3.2 France Vehicle-To-Grid (V2G) Market by Vehicle Type
9.3.3 France Vehicle-To-Grid (V2G) Market by Charging Type
9.3.4 France Vehicle-To-Grid (V2G) Market by Component
9.4 Russia Vehicle-To-Grid (V2G) Market
9.4.1 Russia Vehicle-To-Grid (V2G) Market by Technology
9.4.2 Russia Vehicle-To-Grid (V2G) Market by Vehicle Type
9.4.3 Russia Vehicle-To-Grid (V2G) Market by Charging Type
9.4.4 Russia Vehicle-To-Grid (V2G) Market by Component
9.5 Netherlands Vehicle-To-Grid (V2G) Market
9.5.1 Netherlands Vehicle-To-Grid (V2G) Market by Technology
9.5.2 Netherlands Vehicle-To-Grid (V2G) Market by Vehicle Type
9.5.3 Netherlands Vehicle-To-Grid (V2G) Market by Charging Type
9.5.4 Netherlands Vehicle-To-Grid (V2G) Market by Component
9.6 Norway Vehicle-To-Grid (V2G) Market
9.6.1 Norway Vehicle-To-Grid (V2G) Market by Technology
9.6.2 Norway Vehicle-To-Grid (V2G) Market by Vehicle Type
9.6.3 Norway Vehicle-To-Grid (V2G) Market by Charging Type
9.6.4 Norway Vehicle-To-Grid (V2G) Market by Component
9.7 Rest of Europe Vehicle-To-Grid (V2G) Market
9.7.1 Rest of Europe Vehicle-To-Grid (V2G) Market by Technology
9.7.2 Rest of Europe Vehicle-To-Grid (V2G) Market by Vehicle Type
9.7.3 Rest of Europe Vehicle-To-Grid (V2G) Market by Charging Type
9.7.4 Rest of Europe Vehicle-To-Grid (V2G) Market by Component
Chapter 10. Company Profiles
10.1 ABB Group
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Denso Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional Analysis
10.2.4 SWOT Analysis
10.3 Hitachi, Ltd.
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Honda Motor Co. Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Research & Development Expense
10.4.4 Recent strategies and developments:
10.4.4.1 Partnerships, Collaborations, and Agreements:
10.4.5 SWOT Analysis
10.5 Indra Sistemas, S.A.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 SWOT Analysis
10.6 Nissan Motor Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expenses
10.6.5 Recent strategies and developments:
10.6.5.1 Product Launches and Product Expansions:
10.6.6 SWOT Analysis
10.7 NRG Energy, Inc.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 SWOT Analysis
10.8 Toyota Industries Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements: