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North America 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 Fore

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 133 Pages Knowledge Based Value (KBV) Research February, 2024 KBV18592777
Best Price Guarantee
Price from $1,500
Length 133 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date February, 2024
SKU KBV18592777

North America 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 North America Vehicle-To-Grid (V2G) Market would witness market growth of 24.8% CAGR during the forecast period (2023-2030).

The market refers to a dynamic ecosystem where electric vehicles (EVs) equipped with bidirectional charging capabilities interact with the electrical grid to provide various energy services. Moreover, within the market for this, electric vehicle batteries function as adaptable energy storage resources capable of storing excess power generated by renewable sources, including solar and wind, and subsequently returning it to the power grid during periods of high demand or peak load.

In the evolving energy and transportation landscape, a revolutionary concept has emerged at the intersection of electric vehicles and the electrical grid V2G technology. With its potential to reshape the dynamics of energy storage, distribution, and consumption, V2G represents a groundbreaking approach to grid management and sustainable transportation. As the grapples with the urgent need to decarbonize energy systems and mitigate the impacts of climate change, V2G emerges as a beacon of innovation, offering a transformative solution that transcends the traditional boundaries between transportation and energy sectors.

The Mexican government's strategic plan to improve mobility and increase clean energy generation aligns with the goals and objectives of the market. As per the International Trade Administration (ITA), the Mexican government has a strategic plan to improve mobility by replacing local transportation with zero-emission vehicles. By 2024, they intend to increase the proportion of electricity generated using renewable energy sources from 25 to 35 percent. Therefore, the rising sales of EVs and government initiatives to promote clean mobility in the region are propelling the market's growth.

The US market dominated the North America 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 $2,626.3 Million by 2030. The Canada market is experiencing a CAGR of 27.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 26.5% 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 U.S., Mexico, Canada, and Rest of North America.

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.
North America 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
  • US
  • Canada
  • Mexico
  • Rest of North America


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Vehicle-To-Grid (V2G) Market, by Technology
1.4.2 North America Vehicle-To-Grid (V2G) Market, by Vehicle Type
1.4.3 North America Vehicle-To-Grid (V2G) Market, by Charging Type
1.4.4 North America Vehicle-To-Grid (V2G) Market, by Component
1.4.5 North America 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. North America Vehicle-To-Grid (V2G) Market by Technology
5.1 North America Power Management Market by Region
5.2 North America Software Market by Region
Chapter 6. North America Vehicle-To-Grid (V2G) Market by Vehicle Type
6.1 North America Battery Electric Vehicles Market by Country
6.2 North America Plug In Hybrid Electric Vehicles Market by Country
6.3 North America Fuel Cell Vehicles (FCVs) Market by Country
Chapter 7. North America Vehicle-To-Grid (V2G) Market by Charging Type
7.1 North America Unidirectional Charging Market by Country
7.2 North America Bidirectional Charging Market by Country
Chapter 8. North America Vehicle-To-Grid (V2G) Market by Component
8.1 North America Electric Vehicle Supply Equipment (EVSE) Market by Country
8.2 North America Smart Meters Market by Country
8.3 North America Home Energy Management (HEM) Market by Country
8.4 North America Others Market by Country
Chapter 9. North America Vehicle-To-Grid (V2G) Market by Country
9.1 US Vehicle-To-Grid (V2G) Market
9.1.1 US Vehicle-To-Grid (V2G) Market by Technology
9.1.2 US Vehicle-To-Grid (V2G) Market by Vehicle Type
9.1.3 US Vehicle-To-Grid (V2G) Market by Charging Type
9.1.4 US Vehicle-To-Grid (V2G) Market by Component
9.2 Canada Vehicle-To-Grid (V2G) Market
9.2.1 Canada Vehicle-To-Grid (V2G) Market by Technology
9.2.2 Canada Vehicle-To-Grid (V2G) Market by Vehicle Type
9.2.3 Canada Vehicle-To-Grid (V2G) Market by Charging Type
9.2.4 Canada Vehicle-To-Grid (V2G) Market by Component
9.3 Mexico Vehicle-To-Grid (V2G) Market
9.3.1 Mexico Vehicle-To-Grid (V2G) Market by Technology
9.3.2 Mexico Vehicle-To-Grid (V2G) Market by Vehicle Type
9.3.3 Mexico Vehicle-To-Grid (V2G) Market by Charging Type
9.3.4 Mexico Vehicle-To-Grid (V2G) Market by Component
9.4 Rest of North America Vehicle-To-Grid (V2G) Market
9.4.1 Rest of North America Vehicle-To-Grid (V2G) Market by Technology
9.4.2 Rest of North America Vehicle-To-Grid (V2G) Market by Vehicle Type
9.4.3 Rest of North America Vehicle-To-Grid (V2G) Market by Charging Type
9.4.4 Rest of North America 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:
10.8.6 SWOT Analysis
10.9 Fermata Energy
10.9.1 Company Overview
10.9.2 SWOT Analysis
10.10. Wallbox N.V.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 SWOT Analysis

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