The fuel cell vehicle-to-grid (v2g) market size has grown exponentially in recent years. It will grow from $1.21 billion in 2025 to $1.55 billion in 2026 at a compound annual growth rate (CAGR) of 28.4%. The growth in the historic period can be attributed to smart grid development, early fuel cell adoption, renewable energy integration, grid stability needs, government pilot programs.
The fuel cell vehicle-to-grid (v2g) market size is expected to see exponential growth in the next few years. It will grow to $4.18 billion in 2030 at a compound annual growth rate (CAGR) of 28.1%. The growth in the forecast period can be attributed to grid decarbonization targets, hydrogen infrastructure expansion, vehicle-to-grid standardization, AI-based energy management, utility-scale energy balancing. Major trends in the forecast period include integration of fuel cell vehicles with smart grids, growth of bidirectional charging systems, adoption of grid support applications, expansion of renewable energy integration, pilot v2g projects.
The increasing deployment of smart grids is expected to propel the growth of the fuel cell vehicle-to-grid (V2G) market going forward. A smart grid is a modern electricity network that uses digital tools to manage and deliver power more efficiently and reliably. The rise in smart grids is driven by the growing need for more reliable electricity, as it helps prevent power outages and ensures a steady energy supply to homes and businesses. Fuel cell vehicle-to-grid (V2G) systems support smart grids by enabling bidirectional energy flow between vehicles and the power network, enhancing grid stability and reliability. They optimize renewable energy utilization and provide flexible energy management, improving overall efficiency and resilience of the electricity system. For instance, in July 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global electricity grid investments are rising, with Europe allocating EUR 584 billion by 2030 (EUR 170 billion for digitalization), China investing USD 442 billion (2021-2025), Japan funding USD 155 billion (2022), and the US providing USD 10.5 billion (2022) for grid modernization. Therefore, the increasing deployment of smart grids is driving the growth of the fuel cell vehicle-to-grid (V2G) market.
Major companies operating in the fuel cell vehicle-to-grid (V2G) market are focusing on developing advanced products, such as bidirectional charging systems, to boost grid resilience, enhance energy independence for consumers, and maximize the utilization of renewable energy. Bidirectional charging systems refer to advanced mechanisms that allow energy to flow both to and from an electric vehicle's battery, enabling the vehicle to power a home (V2H) or send electricity back to the grid (V2G). For instance, in July 2025, Star Charge, a China-based leading EV charging solutions provider, launched the Halo bidirectional DC charger in Australia. The Halo is a 22 kW AC and 22 kW DC wall charger featuring vehicle-to-everything (V2X) technology, allowing it to support a range of applications from home backup power to grid services. It includes automatic switching between charging and discharging modes, enabling seamless energy management and increased energy security for households and businesses.
In April 2025, Nuvve Holding Corp., a US-based green energy technology company, acquired Fermata Energy LLC for an undisclosed amount. With this acquisition, Nuvve aims to strengthen its V2G market position by integrating Fermata Energy’s bidirectional charging tech and customer base, accelerating intelligent energy solutions and expanding grid services for commercial and residential applications. Fermata Energy LLC is a US-based renewable energy tech company specializing in fuel cell vehicle-to-grid (V2G) systems.
Major companies operating in the fuel cell vehicle-to-grid (v2g) market report include Toyota Motor Corporation, TotalEnergies SE, Ford Motor Company, BMW Group, Honda Motor Co. Ltd., Mitsubishi Corporation, Hyundai Motor Company, Nissan Motor Corporation, Kia Corporation, Panasonic Corporation, Renault Group, Contemporary Amperex Technology Co. Limited, Toshiba Corporation, GS Yuasa International Ltd., Doosan Fuel Cell Co. Ltd., SFC Energy AG, Ballard Power Systems Inc., Nuvera Fuel Cells LLC, AFC Energy plc, Automotive Energy Supply Corporation.
North America was the largest region in the fuel cell vehicle-to-grid (V2G) market in 2025. The regions covered in the fuel cell vehicle-to-grid (v2g) market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fuel cell vehicle-to-grid (v2g) market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fuel cell vehicle-to-grid (V2G) market consists of revenues earned by entities by providing services such as electricity supply back to the grid, energy storage management, grid balancing, demand response, and ancillary services. The market value includes the value of related goods sold by the service provider or included within the service offering. The fuel cell vehicle-to-grid (V2G) system market also includes sales of fuel cell electric vehicles (FCEVs), bidirectional chargers, power conversion systems, energy management software, and related hardware components. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The fuel cell vehicle-to-grid (v2g) market size is expected to see exponential growth in the next few years. It will grow to $4.18 billion in 2030 at a compound annual growth rate (CAGR) of 28.1%. The growth in the forecast period can be attributed to grid decarbonization targets, hydrogen infrastructure expansion, vehicle-to-grid standardization, AI-based energy management, utility-scale energy balancing. Major trends in the forecast period include integration of fuel cell vehicles with smart grids, growth of bidirectional charging systems, adoption of grid support applications, expansion of renewable energy integration, pilot v2g projects.
The increasing deployment of smart grids is expected to propel the growth of the fuel cell vehicle-to-grid (V2G) market going forward. A smart grid is a modern electricity network that uses digital tools to manage and deliver power more efficiently and reliably. The rise in smart grids is driven by the growing need for more reliable electricity, as it helps prevent power outages and ensures a steady energy supply to homes and businesses. Fuel cell vehicle-to-grid (V2G) systems support smart grids by enabling bidirectional energy flow between vehicles and the power network, enhancing grid stability and reliability. They optimize renewable energy utilization and provide flexible energy management, improving overall efficiency and resilience of the electricity system. For instance, in July 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global electricity grid investments are rising, with Europe allocating EUR 584 billion by 2030 (EUR 170 billion for digitalization), China investing USD 442 billion (2021-2025), Japan funding USD 155 billion (2022), and the US providing USD 10.5 billion (2022) for grid modernization. Therefore, the increasing deployment of smart grids is driving the growth of the fuel cell vehicle-to-grid (V2G) market.
Major companies operating in the fuel cell vehicle-to-grid (V2G) market are focusing on developing advanced products, such as bidirectional charging systems, to boost grid resilience, enhance energy independence for consumers, and maximize the utilization of renewable energy. Bidirectional charging systems refer to advanced mechanisms that allow energy to flow both to and from an electric vehicle's battery, enabling the vehicle to power a home (V2H) or send electricity back to the grid (V2G). For instance, in July 2025, Star Charge, a China-based leading EV charging solutions provider, launched the Halo bidirectional DC charger in Australia. The Halo is a 22 kW AC and 22 kW DC wall charger featuring vehicle-to-everything (V2X) technology, allowing it to support a range of applications from home backup power to grid services. It includes automatic switching between charging and discharging modes, enabling seamless energy management and increased energy security for households and businesses.
In April 2025, Nuvve Holding Corp., a US-based green energy technology company, acquired Fermata Energy LLC for an undisclosed amount. With this acquisition, Nuvve aims to strengthen its V2G market position by integrating Fermata Energy’s bidirectional charging tech and customer base, accelerating intelligent energy solutions and expanding grid services for commercial and residential applications. Fermata Energy LLC is a US-based renewable energy tech company specializing in fuel cell vehicle-to-grid (V2G) systems.
Major companies operating in the fuel cell vehicle-to-grid (v2g) market report include Toyota Motor Corporation, TotalEnergies SE, Ford Motor Company, BMW Group, Honda Motor Co. Ltd., Mitsubishi Corporation, Hyundai Motor Company, Nissan Motor Corporation, Kia Corporation, Panasonic Corporation, Renault Group, Contemporary Amperex Technology Co. Limited, Toshiba Corporation, GS Yuasa International Ltd., Doosan Fuel Cell Co. Ltd., SFC Energy AG, Ballard Power Systems Inc., Nuvera Fuel Cells LLC, AFC Energy plc, Automotive Energy Supply Corporation.
North America was the largest region in the fuel cell vehicle-to-grid (V2G) market in 2025. The regions covered in the fuel cell vehicle-to-grid (v2g) market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fuel cell vehicle-to-grid (v2g) market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fuel cell vehicle-to-grid (V2G) market consists of revenues earned by entities by providing services such as electricity supply back to the grid, energy storage management, grid balancing, demand response, and ancillary services. The market value includes the value of related goods sold by the service provider or included within the service offering. The fuel cell vehicle-to-grid (V2G) system market also includes sales of fuel cell electric vehicles (FCEVs), bidirectional chargers, power conversion systems, energy management software, and related hardware components. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Fuel Cell Vehicle-to-Grid (V2G) Market Characteristics
3. Fuel Cell Vehicle-to-Grid (V2G) Market Supply Chain Analysis
4. Global Fuel Cell Vehicle-to-Grid (V2G) Market Trends and Strategies
5. Fuel Cell Vehicle-to-Grid (V2G) Market Analysis of End Use Industries
7. Global Fuel Cell Vehicle-to-Grid (V2G) Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Fuel Cell Vehicle-to-Grid (V2G) Total Addressable Market (TAM) Analysis for the Market
9. Fuel Cell Vehicle-to-Grid (V2G) Market Segmentation
10. Fuel Cell Vehicle-to-Grid (V2G) Market Regional and Country Analysis
11. Asia-Pacific Fuel Cell Vehicle-to-Grid (V2G) Market
12. China Fuel Cell Vehicle-to-Grid (V2G) Market
13. India Fuel Cell Vehicle-to-Grid (V2G) Market
14. Japan Fuel Cell Vehicle-to-Grid (V2G) Market
15. Australia Fuel Cell Vehicle-to-Grid (V2G) Market
16. Indonesia Fuel Cell Vehicle-to-Grid (V2G) Market
17. South Korea Fuel Cell Vehicle-to-Grid (V2G) Market
18. Taiwan Fuel Cell Vehicle-to-Grid (V2G) Market
19. South East Asia Fuel Cell Vehicle-to-Grid (V2G) Market
20. Western Europe Fuel Cell Vehicle-to-Grid (V2G) Market
21. UK Fuel Cell Vehicle-to-Grid (V2G) Market
22. Germany Fuel Cell Vehicle-to-Grid (V2G) Market
23. France Fuel Cell Vehicle-to-Grid (V2G) Market
24. Italy Fuel Cell Vehicle-to-Grid (V2G) Market
25. Spain Fuel Cell Vehicle-to-Grid (V2G) Market
26. Eastern Europe Fuel Cell Vehicle-to-Grid (V2G) Market
27. Russia Fuel Cell Vehicle-to-Grid (V2G) Market
28. North America Fuel Cell Vehicle-to-Grid (V2G) Market
29. USA Fuel Cell Vehicle-to-Grid (V2G) Market
30. Canada Fuel Cell Vehicle-to-Grid (V2G) Market
31. South America Fuel Cell Vehicle-to-Grid (V2G) Market
32. Brazil Fuel Cell Vehicle-to-Grid (V2G) Market
33. Middle East Fuel Cell Vehicle-to-Grid (V2G) Market
34. Africa Fuel Cell Vehicle-to-Grid (V2G) Market
36. Fuel Cell Vehicle-to-Grid (V2G) Market Competitive Landscape and Company Profiles
37. Fuel Cell Vehicle-to-Grid (V2G) Market Other Major and Innovative Companies
40. Fuel Cell Vehicle-to-Grid (V2G) Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Fuel Cell Vehicle-to-Grid (V2G) Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses fuel cell vehicle-to-grid (v2g) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for fuel cell vehicle-to-grid (v2g)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The fuel cell vehicle-to-grid (v2g) market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Vehicle Type: Passenger Vehicles; Commercial Vehicles; Buses; Other Vehicle Types2) By Technology: Proton Exchange Membrane Fuel Cells; Phosphoric Acid Fuel Cells; Solid Oxide Fuel Cells; Other Technologies
3) By Power Rating: Below 100 kW; 100-200 kW; Above 200 kW
4) By Application: Peak Power Supply; Emergency Power; Frequency Regulation; Other Applications
5) By End-User: Residential; Commercial; Industrial; Utilities
Subsegments:
1) By Passenger Vehicles: Sedans; Sport Utility Vehicles; Hatchbacks; Coupes; Luxury Vehicles2) By Commercial Vehicles: Light Commercial Vehicles; Medium Commercial Vehicles; Heavy Commercial Vehicles; Delivery Vans; Pickup Trucks
3) By Buses: City Buses; Intercity Buses; Shuttle Buses; Tourist Coaches
4) By Other Vehicle Types: Two Wheelers; Three Wheelers; Off Road Vehicles; Special Purpose Vehicles
Companies Mentioned: Toyota Motor Corporation; TotalEnergies SE; Ford Motor Company; BMW Group; Honda Motor Co. Ltd.; Mitsubishi Corporation; Hyundai Motor Company; Nissan Motor Corporation; Kia Corporation; Panasonic Corporation; Renault Group; Contemporary Amperex Technology Co. Limited; Toshiba Corporation; GS Yuasa International Ltd.; Doosan Fuel Cell Co. Ltd.; SFC Energy AG; Ballard Power Systems Inc.; Nuvera Fuel Cells LLC; AFC Energy plc; Automotive Energy Supply Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Fuel Cell Vehicle-to-Grid (V2G) market report include:- Toyota Motor Corporation
- TotalEnergies SE
- Ford Motor Company
- BMW Group
- Honda Motor Co. Ltd.
- Mitsubishi Corporation
- Hyundai Motor Company
- Nissan Motor Corporation
- Kia Corporation
- Panasonic Corporation
- Renault Group
- Contemporary Amperex Technology Co. Limited
- Toshiba Corporation
- GS Yuasa International Ltd.
- Doosan Fuel Cell Co. Ltd.
- SFC Energy AG
- Ballard Power Systems Inc.
- Nuvera Fuel Cells LLC
- AFC Energy plc
- Automotive Energy Supply Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 1.55 Billion |
| Forecasted Market Value ( USD | $ 4.18 Billion |
| Compound Annual Growth Rate | 28.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
