The global vehicle-to-grid (V2G) market size was valued at around USD 1.8 billion in 2021 and is expected to grow at a CAGR of 24.8% during the forecast period.
The report presents an in-depth assessment of the ‘Global Vehicle-To-Grid (V2G) Market’. The term “vehicle-to-grid” (V2G) describes a technology that permits electric cars (EVs) to supply electricity to the grid while they are not in use. In V2G systems, extra energy from the grid is stored in the battery of the electric vehicle (EV) during off-peak hours. This energy can then be sent back into the grid during peak hours, when there is a high demand for electricity. By selling their stored energy back to the grid, EV owners can profit from Vehicle to Grid (V2G) technology, which also helps to balance the load on the grid and lessens the need for more power plants.
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Key Benefits
- Together with information on the main drivers, obstacles, and opportunities, the market study is provided.
- Porter’s five forces study emphasizes how powerful suppliers and buyers can be in helping stakeholders forge profitable business decisions and build stronger supplier-buyer networks.
- Thorough examination of the vehicle-to-grid (v2g) market segmentation aids in identifying the current market prospects.
- Each region’s major nations are mapped based on how much money they bring in from the worldwide market.
- Market player positioning makes benchmarking easier and gives a clear picture of each participant’s current standing.
Vehicle-to-Grid (V2G) Technology Market Opportunity Analysis
With the use of V2G technology, owners of electric vehicles can participate in demand response programs, which let them feed back stored energy to the grid at times of peak electricity prices or high demand. In addition to saving EV owners money on their energy costs, this helps utilities control grid load and lessen surges in peak demand. V2G technology uses EV batteries as variable energy storage resources, which could increase grid resilience and stability. By taking part in V2G programs, owners of electric vehicles can help balance supply and demand on the grid, promote the integration of renewable energy sources, and lessen grid congestion during peak hours. By enabling EV batteries to store surplus energy and return it, V2G technology can aid in the integration of renewable energy sources like solar and wind power.
Top Companies in the Global Vehicle-To-Grid (V2G) Market
Nissan Motor Co. Ltd.
Tesla, Inc.
Mitsubishi Motors Corporation
Enel X
Hitachi, Ltd.
General Motors Company
Honda Motor Co. Ltd.
Nuvve Corporation
BMW AG
The Mobility House
Global Global Vehicle-To-Grid (V2G) Market Segments
Technology:
• AC V2G
• DC V2G
Component:
• Software
• Hardware
• Services
Application:
• Residential
• Commercial
• Industrial
Electric Vehicle Type:
• Battery electric vehicle (BEV)
• Plug-in hybrid electric vehicle (PHEV).
Regional Analysis for Global Vehicle-To-Grid (V2G) Market
For a comprehensive understanding of market dynamics, the global Global Vehicle-To-Grid (V2G) market is analysed across key geographies namely North America, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market research findings for the key countries in the region for a macro-level understanding of the market.
Important sections of the TOC
Economic Impact Variables on Global Vehicle-To-Grid (V2G) Market: Illuminates the consequences of environmental, political and economic fluctuations, and explains changes in customer and consumer requirements. We also provide a detailed report of Global Vehicle-To-Grid (V2G) on the technology risks and advancements in the global market.
Forecasts based on macro- and micro-economy: ensuring price, revenue and volume EV charging service forecasts for the market. It also includes, in addition to forecasting growth, revenue and import volume for the region, with revenue forecasting for the Global Vehicle-To-Grid (V2G) application, along with revenue forecasting by cost, revenue and type.
Marketing Strategy Analysis: In this section, Global Vehicle-To-Grid (V2G) analysis aims at niche positioning and provides information regarding target audience, new strategies and pricing strategies. We provide a comprehensive Global Vehicle-To-Grid (V2G) marketing station analysis that investigates the problem. Marketing channel development trends, direct marketing as well as indirect marketing.
Business Intelligence: The Global Vehicle-To-Grid (V2G) companies studied in this section are also assessed by key business, gross margin, price, sales, revenue, product category, applications and specifications, Global Vehicle-To-Grid (V2G) competitors, and manufacturing base.
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