Global Vehicle to Grid Market 2017-2021

  • ID: 4143923
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • AC Propulsion
  • Boulder Electric Vehicle
  • Daimler
  • Ford Motor Company
  • Honda
  • Mitsubishi Motors
  • MORE
About Vehicle to Grid

Widespread electrification of the transportation sector has allowed the production and sales of millions of EVs. EVs have high potential to reduce GHG emissions and other air pollutants from the transportation sector. Alternatively, they serve as an energy resource for sending power back to the grid when required and providing ancillary services. This process is called as V2G. A V2G system facilitates the flow of power between a power grid and electric drive vehicles, such as BEVs, plug-in hybrid electric vehicle (PHEVs), or fuel cell EVs. In addition, these V2G systems provide a network that helps owners communicate with the power grid. The V2G technology provides demand response services to the power grid, enhancing the efficiency of the system while operating with heavy loads.

The analysts forecast the global vehicle to grid market to grow at a CAGR of 18.08% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global vehicle to grid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Vehicle to Grid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- AC Propulsion
- CORITECH
- DENSO
- Hitachi

Other prominent vendors
- AutoPort
- Boulder Electric Vehicle
- Daimler
- Ford Motor Company
- Honda
- Kisensum
- Mitsubishi Motors
- Nissan
- Tesla Motors

Market drivers
- Change in grid structure allowing decentralized power generation.
- For a full, detailed list, view the full report

Market challenges
- Competition from alternative technologies.
- For a full, detailed list, view the full report

Market trends
- Increasing popularity of EVs through government initiatives.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • AC Propulsion
  • Boulder Electric Vehicle
  • Daimler
  • Ford Motor Company
  • Honda
  • Mitsubishi Motors
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
  • Technology overview
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by technology
  • Global V2G market by technology
  • Global V2G market by power electronics
  • Global V2G market by software
PART 07: Geographical segmentation
  • Global V2G market by geography
  • V2G market in Americas
  • V2G market in APAC
  • V2G market in EMEA
PART 08: Key leading countries
  • US
  • China
  • Japan
PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 11: Market trends
  • Increasing popularity of EVs through government initiatives
  • Rapid deployment of smart grids
  • Rise in number of EV charging stations
PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • AC Propulsion
  • CORITECH
  • DENSO
  • Hitachi
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Benefits of V2G
Exhibit 02: Working of V2G system
Exhibit 03: Basic requirements of V2G technology
Exhibit 04: Global V2G market
Exhibit 05: Global V2G market 2016-2021 ($ billions)
Exhibit 06: Estimated time spent by EV by location and activity in a day (mins)
Exhibit 07: Various functions of VGI
Exhibit 08: Examples of V2G pilot projects
Exhibit 09: Five forces analysis
Exhibit 10: Global V2G market by technology 2016 and 2021 (%)
Exhibit 11: Global V2G market by technology 2016-2021 ($ billions)
Exhibit 12: Global V2G market by power electronics 2016-2021 ($ billions)
Exhibit 13: Global V2G market by software application 2016-2021 ($ billions)
Exhibit 14: Typical V2G communication path
Exhibit 15: Global V2G market by geography 2016 and 2021
Exhibit 16: Global V2G market by geography 2016-2021 ($ billions)
Exhibit 17: V2G market in Americas 2016-2021 ($ billions)
Exhibit 18: V2G market in APAC 2016-2021 ($ billions)
Exhibit 19: V2G market in EMEA 2016-2021 ($ billions)
Exhibit 20: Traditional power grid
Exhibit 21: Transformed grid
Exhibit 22: Global EV stock 2012-2015 (thousands)
Exhibit 23: EV spending by EV Initiative countries 2008-2014 (%)
Exhibit 24: PHEV battery progress 2010-2015
Exhibit 25: Impact of drivers
Exhibit 26: Standards related to VGI
Exhibit 27: Impact of challenges
Exhibit 28: Government initiatives to increase purchase of EVs
Exhibit 29: AC Propulsion: Product and services overview
Exhibit 30: AC Propulsion: V2G product portfolio
Exhibit 31: CORITECH: Product overview
Exhibit 32: CORITECH: Product portfolio
Exhibit 33: DENSO: V2G product portfolio
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FEATURED COMPANIES

  • AC Propulsion
  • Boulder Electric Vehicle
  • Daimler
  • Ford Motor Company
  • Honda
  • Mitsubishi Motors
  • MORE
New Report Released: – Global Vehicle to Grid Market 2017-2021

The author of the report recognizes the following companies as the key players in the global vehicle to grid market: AC Propulsion, CORITECH, DENSO, and Hitachi.

Other Prominent Vendors in the market are: AutoPort, Boulder Electric Vehicle, Daimler, Ford Motor Company, Honda, Kisensum, Mitsubishi Motors, Nissan, and Tesla Motors.

Commenting on the report, an analyst from the research team said: “One trend in market is increasing popularity of EVs through government initiatives. EVs were introduced in the early 1990s, however, they lacked popularity among end-users in the initial years. Increased marketing by vendors and widespread awareness has led to a rise in the popularity of EVs. Benefits such as low air and noise pollution are majorly triggering their demand in the market. Ford offers a detailed explanation of different options of EVs and technologies on its website. End-users can now scroll through videos, texts, and cut-away diagrams to understand the technology better and determine options befitting their driving needs. There has been a rise in market penetration, given the strong support from governments to both manufacturers and consumers.”

According to the report, one driver in market is change in grid structure allowing decentralized power generation. The power system has undergone dramatic technical and institutional changes over the years. This has occurred due to the deregulation of the power industry, introduction of the smart grid, and the expansion of power generation resources that are connected to the grid. Energy policies in the majority of countries focus on the need for a clean, affordable, and reliable energy supply. This has resulted in power to be generated from low-carbon or no carbon fuels. Utilities and energy companies are making efforts to accommodate these fuels by changing the functioning of the grid. Traditional power grid had linear power generation, partial connection with its customers, and one-way communication. However, energy and utility companies are improving each part of the value chain by implementing new IT technology, which has made the grid smarter. Therefore, installing smart grid technology utilities will provide a higher level of transparency and control on the transmission and distribution of electricity.

Further, the report states that one challenge in market is competition from alternative technologies. The V2G technology is a relatively new technology. It is used for power regulation, storing of energy, balancing the grid, peak hour shaving, and powering a home. However, the technology has been facing competition from well-established and accepted technologies, such as batteries and fuel cells that have much higher penetration rates. Batteries and fuel cells have a wide area of application. This is due to their availability in different sizes and power ranges. They are used as a backup power solution in a wide range of utility, industrial, commercial, and residential applications. In addition, they are extensively used in transportation and telecom sectors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • AC Propulsion
  • CORITECH
  • DENSO
  • Hitachi
  • AutoPort
  • Boulder Electric Vehicle
  • Daimler
  • Ford Motor Company
  • Honda
  • Kisensum
  • Mitsubishi Motors
  • Nissan
  • Tesla Motors
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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