The global Vehicle to Grid market was valued at US$ 7891.2 million in 2022 and is projected to reach US$ 17660 million by 2029, at a CAGR of 12.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Vehicle to Grid market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Vehicle to Grid market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Vehicle to Grid market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
Vehicle-to-grid (V2G) describes a system in which plug-in electric vehicles, such as electric cars (BEVs) and plug-in hybrids (PHEVs), communicate with the power grid to sell demand response services by either delivering electricity into the grid or by throttling their charging rate.
This report aims to provide a comprehensive presentation of the global market for Vehicle to Grid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vehicle to Grid. This report contains market size and forecasts of Vehicle to Grid in global, including the following market information:
- Global Vehicle to Grid Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global top five companies in 2022 (%)
Large-scale electric vehicle ordered charging can optimize power system operation, reduce peak loads, thus improving the operation safety and economy of power system. Compared with the traditional fuel vehicles, electric vehicles can greatly reduce primary energy consumption and greenhouse gas emissions.
Many countries have set objectives to expand the EV market in the coming decades, and each has taken a different approach to the policy enablers that they hope will help stimulate the market in the near term. Their motivations are similar: to improve air quality in vehicle-dense urban areas, to reduce transportation sector emissions of GHGs, and to achieve greater energy independence by reducing foreign oil imports.
Shortcomings in vehicle uptake have been feared by many to be the result of driver anxiety about vehicle range. Frequently, policy proposals to solve vehicle range issues call for networks of high capacity charging stations. In theory, giving drivers the ability to charge vehicles on-the-go could reduce range anxiety and mimic the refueling infrastructure to which drivers of gasoline-powered cars have become accustomed.
We surveyed the Vehicle to Grid companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vehicle to Grid Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Vehicle to Grid Market Segment Percentages, by Type, 2022 (%)
- Unidirectional V2G
- Bidirectional V2G
Global Vehicle to Grid Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Vehicle to Grid Market Segment Percentages, by Application, 2022 (%)
- Automotive
- Transportation
- Others
Global Vehicle to Grid Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Vehicle to Grid Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Vehicle to Grid revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Vehicle to Grid revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- AC Propulsion
- Corinex
- Coritech
- EnBW
- Endesa
- EnerDel
- EV Grid
- Hitachi
- Next Energy
- NRG Energy
- PG&E
Outline of Major Chapters:
Chapter 1: Introduces the definition of Vehicle to Grid, market overview.
Chapter 2: Global Vehicle to Grid market size in revenue.
Chapter 3: Detailed analysis of Vehicle to Grid company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Vehicle to Grid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
