Vehicle To Grid Trends and Forecast
The future of the global vehicle to grid market looks promising with opportunities in the peak power sales, spinning reserves, and base load power markets. The global vehicle to grid market is expected to reach an estimated $10.3 billion by 2030 with a CAGR of 24.6% from 2024 to 2030. The major drivers for this market are increasing demand for electric cars (EVs), growing awareness of environmental issues and decreasing emissions, and rising advancements in the infrastructure for bidirectional charging that enable bidirectional power flow.Vehicle To Grid by Segment
The study includes a forecast for the global vehicle to grid by vehicle type, solution type, charging type, application, and region.Vehicle To Grid Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
Vehicle To Grid Market by Solution Type [Shipment Analysis by Value from 2018 to 2030]
- Electric Vehicle Supply Equipment (EVSE)
- Smart Meters
- Home Energy Management (HEM) Systems
- Software Solutions
Vehicle To Grid Market by Charging Type [Shipment Analysis by Value from 2018 to 2030]
- Unidirectional Charging
- Bidirectional Charging
Vehicle To Grid Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Peak Power Sales
- Spinning Reserves
- Base Load Power
- Others
Vehicle To Grid Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Vehicle To Grid Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vehicle to grid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vehicle to grid companies profiled in this report include-- AC Propulsion
- Coritech Services
- DENSO Corporation
- Enerdel
- ENGIE Group
- EV Grid
- Hitachi
- Nissan Motor Company
- NRG Energy
- OVO Energy
Vehicle To Grid Market Insights
The publisher forecasts that battery electric vehicle (BEV) will remain the largest segment over the forecast period because the cars with internal combustion engines are less energy-intensive, as well as, it produces less energy waste and a smaller carbon footprint by converting a larger proportion of grid energy into useful power for propulsion.North America will remain the largest region over the forecast period due to fighting climate change and lowering greenhouse gas emissions are receiving more attention, as well as, growing popularity of electric cars (EVs) owing to their ability to reduce the use of fossil fuels and the emission of toxic vehicle exhausts.
Features of the Global Vehicle To Grid Market
- Market Size Estimates: Vehicle to grid market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Vehicle to grid market size by various segments, such as by vehicle type, solution type, charging type, application, and region in terms of value ($B).
- Regional Analysis: Vehicle to grid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different vehicle type, solution type, charging type, application, and regions for the vehicle to grid market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vehicle to grid market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the vehicle to grid market size?Answer: The global vehicle to grid market is expected to reach an estimated $10.3 billion by 2030.
Q2. What is the growth forecast for vehicle to grid market?
Answer: The global vehicle to grid market is expected to grow with a CAGR of 24.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the vehicle to grid market?
Answer: The major drivers for this market are increasing demand for electric cars (EVs), growing awareness of environmental issues and decreasing emissions, and rising advancements in the infrastructure for bidirectional charging that enable bidirectional power flow.
Q4. What are the major segments for vehicle to grid market?
Answer: The future of the global vehicle to grid market looks promising with opportunities in the peak power sales, spinning reserves, and base load power markets.
Q5. Who are the key vehicle to grid market companies?
Answer: Some of the key vehicle to grid companies are as follows:
- AC Propulsion
- Coritech Services
- DENSO Corporation
- Enerdel
- ENGIE Group
- EV Grid
- Hitachi
- Nissan Motor Company
- NRG Energy
- OVO Energy
Answer: The publisher forecasts that battery electric vehicle (BEV) will remain the largest segment over the forecast period because the cars with internal combustion engines are less energy-intensive, as well as, it produces less energy waste and a smaller carbon footprint by converting a larger proportion of grid energy into useful power for propulsion.
Q7. In vehicle to grid market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to fighting climate change and lowering greenhouse gas emissions are receiving more attention, as well as, growing popularity of electric cars (EVs) owing to their ability to reduce the use of fossil fuels and the emission of toxic vehicle exhausts.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the vehicle to grid market by vehicle type (battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), and plug-in hybrid electric vehicle (PHEV)), solution type (electric vehicle supply equipment (EVSE), smart meters, home energy management (HEM) systems, and software solutions), charging type (unidirectional charging and bidirectional charging), application (peak power sales, spinning reserves, base load power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind tHEM?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Vehicle To Grid Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AC Propulsion
- Coritech Services
- DENSO Corporation
- Enerdel
- ENGIE Group
- EV Grid
- Hitachi
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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