Global Vehicle-To-Grid (V2G) Market Growth (Status and Outlook) 2023-2029

Global Vehicle-To-Grid (V2G) Market Growth (Status and Outlook) 2023-2029

Vehicle-to-grid, or V2G technology, is defined as a system that is capable of controlling the bidirectional flow of electricity between the vehicle and the grid. Electricity flows from the grid to the vehicle to charge the battery. Also, electricity can flow back from the vehicle to the grid when required. A majority of the time, electric vehicles are not in use. During this idle time, the batteries of these vehicles can be utilized for supplying electricity back to the grid.

Since the V2G technology has only been commercialized in 2020, and has not yet been commercialized on a large scale, the report predicts and analyses revenue data for 2020-2030

LPI (LP Information)' newest research report, the “Vehicle-To-Grid (V2G) Industry Forecast” looks at past sales and reviews total world Vehicle-To-Grid (V2G) sales in 2022, providing a comprehensive analysis by region and market sector of projected Vehicle-To-Grid (V2G) sales for 2023 through 2029. With Vehicle-To-Grid (V2G) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle-To-Grid (V2G) industry.

This Insight Report provides a comprehensive analysis of the global Vehicle-To-Grid (V2G) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vehicle-To-Grid (V2G) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle-To-Grid (V2G) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle-To-Grid (V2G) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle-To-Grid (V2G).

The global Vehicle-To-Grid (V2G) market size is projected to grow from US$ 31 million in 2022 to US$ 2467.8 million in 2029; it is expected to grow at a CAGR of 86.6% from 2023 to 2029.

Global vehicle-to-grid (V2G) key players include NUVVE, Enel Energia , Moixa, E.ON, The Mobility House, etc. Global top 5 players hold a share about 87%.

Europe is the largest market, with a share about 45%, followed by Asia-Pacific and North America, having a total share about 50 percent.

In terms of product, unidirectional V2G is the largest segment, with a share about 72%. And in terms of application, the largest application is battery electric vehicles, followed by plug-in hybrid electric vehicles, fuel cell vehicles.

This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle-To-Grid (V2G) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Unidirectional V2G

Bidirectional V2G

Segmentation by application

Battery Electric Vehicles

Plug-In Hybrid Electric Vehicles

Fuel Cell Vehicles

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

NUVVE

Enel Energia

Moixa

E.ON

The Mobility House

Tennet

Fermata Energy

KEPCO

EDF Energy

Tokyo Electric Power

ActewAGL

Please note: The report will take approximately 2 business days to prepare and deliver.