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.
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Vehicle to Grid Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Vehicle to Grid Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Vehicle to Grid Overall Market Size
2.1 Global Vehicle to Grid Market Size: 2022 VS 2030
2.2 Global Vehicle to Grid Market Size, Prospects & Forecasts: 2018-2030
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Vehicle to Grid Players in Global Market
3.2 Top Global Vehicle to Grid Companies Ranked by Revenue
3.3 Global Vehicle to Grid Revenue by Companies
3.4 Top 3 and Top 5 Vehicle to Grid Companies in Global Market, by Revenue in 2022
3.5 Global Companies Vehicle to Grid Product Type
3.6 Tier 1, Tier 2 and Tier 3 Vehicle to Grid Players in Global Market
3.6.1 List of Global Tier 1 Vehicle to Grid Companies
3.6.2 List of Global Tier 2 and Tier 3 Vehicle to Grid Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Vehicle to Grid Market Size Markets, 2022 & 2030
4.1.2 Unidirectional V2G
4.1.3 Bidirectional V2G
4.2 By Type - Global Vehicle to Grid Revenue & Forecasts
4.2.1 By Type - Global Vehicle to Grid Revenue, 2018-2023
4.2.2 By Type - Global Vehicle to Grid Revenue, 2024-2030
4.2.3 By Type - Global Vehicle to Grid Revenue Market Share, 2018-2030
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Vehicle to Grid Market Size, 2022 & 2030
5.1.2 Automotive
5.1.3 Transportation
5.1.4 Others
5.2 By Application - Global Vehicle to Grid Revenue & Forecasts
5.2.1 By Application - Global Vehicle to Grid Revenue, 2018-2023
5.2.2 By Application - Global Vehicle to Grid Revenue, 2024-2030
5.2.3 By Application - Global Vehicle to Grid Revenue Market Share, 2018-2030
6 Sights by Region
6.1 By Region - Global Vehicle to Grid Market Size, 2022 & 2030
6.2 By Region - Global Vehicle to Grid Revenue & Forecasts
6.2.1 By Region - Global Vehicle to Grid Revenue, 2018-2023
6.2.2 By Region - Global Vehicle to Grid Revenue, 2024-2030
6.2.3 By Region - Global Vehicle to Grid Revenue Market Share, 2018-2030
6.3 North America
6.3.1 By Country - North America Vehicle to Grid Revenue, 2018-2030
6.3.2 US Vehicle to Grid Market Size, 2018-2030
6.3.3 Canada Vehicle to Grid Market Size, 2018-2030
6.3.4 Mexico Vehicle to Grid Market Size, 2018-2030
6.4 Europe
6.4.1 By Country - Europe Vehicle to Grid Revenue, 2018-2030
6.4.2 Germany Vehicle to Grid Market Size, 2018-2030
6.4.3 France Vehicle to Grid Market Size, 2018-2030
6.4.4 U.K. Vehicle to Grid Market Size, 2018-2030
6.4.5 Italy Vehicle to Grid Market Size, 2018-2030
6.4.6 Russia Vehicle to Grid Market Size, 2018-2030
6.4.7 Nordic Countries Vehicle to Grid Market Size, 2018-2030
6.4.8 Benelux Vehicle to Grid Market Size, 2018-2030
6.5 Asia
6.5.1 By Region - Asia Vehicle to Grid Revenue, 2018-2030
6.5.2 China Vehicle to Grid Market Size, 2018-2030
6.5.3 Japan Vehicle to Grid Market Size, 2018-2030
6.5.4 South Korea Vehicle to Grid Market Size, 2018-2030
6.5.5 Southeast Asia Vehicle to Grid Market Size, 2018-2030
6.5.6 India Vehicle to Grid Market Size, 2018-2030
6.6 South America
6.6.1 By Country - South America Vehicle to Grid Revenue, 2018-2030
6.6.2 Brazil Vehicle to Grid Market Size, 2018-2030
6.6.3 Argentina Vehicle to Grid Market Size, 2018-2030
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Vehicle to Grid Revenue, 2018-2030
6.7.2 Turkey Vehicle to Grid Market Size, 2018-2030
6.7.3 Israel Vehicle to Grid Market Size, 2018-2030
6.7.4 Saudi Arabia Vehicle to Grid Market Size, 2018-2030
6.7.5 UAE Vehicle to Grid Market Size, 2018-2030
7 Vehicle to Grid Companies Profiles
7.1 AC Propulsion
7.1.1 AC Propulsion Company Summary
7.1.2 AC Propulsion Business Overview
7.1.3 AC Propulsion Vehicle to Grid Major Product Offerings
7.1.4 AC Propulsion Vehicle to Grid Revenue in Global Market (2018-2023)
7.1.5 AC Propulsion Key News & Latest Developments
7.2 Corinex
7.2.1 Corinex Company Summary
7.2.2 Corinex Business Overview
7.2.3 Corinex Vehicle to Grid Major Product Offerings
7.2.4 Corinex Vehicle to Grid Revenue in Global Market (2018-2023)
7.2.5 Corinex Key News & Latest Developments
7.3 Coritech
7.3.1 Coritech Company Summary
7.3.2 Coritech Business Overview
7.3.3 Coritech Vehicle to Grid Major Product Offerings
7.3.4 Coritech Vehicle to Grid Revenue in Global Market (2018-2023)
7.3.5 Coritech Key News & Latest Developments
7.4 EnBW
7.4.1 EnBW Company Summary
7.4.2 EnBW Business Overview
7.4.3 EnBW Vehicle to Grid Major Product Offerings
7.4.4 EnBW Vehicle to Grid Revenue in Global Market (2018-2023)
7.4.5 EnBW Key News & Latest Developments
7.5 Endesa
7.5.1 Endesa Company Summary
7.5.2 Endesa Business Overview
7.5.3 Endesa Vehicle to Grid Major Product Offerings
7.5.4 Endesa Vehicle to Grid Revenue in Global Market (2018-2023)
7.5.5 Endesa Key News & Latest Developments
7.6 EnerDel
7.6.1 EnerDel Company Summary
7.6.2 EnerDel Business Overview
7.6.3 EnerDel Vehicle to Grid Major Product Offerings
7.6.4 EnerDel Vehicle to Grid Revenue in Global Market (2018-2023)
7.6.5 EnerDel Key News & Latest Developments
7.7 EV Grid
7.7.1 EV Grid Company Summary
7.7.2 EV Grid Business Overview
7.7.3 EV Grid Vehicle to Grid Major Product Offerings
7.7.4 EV Grid Vehicle to Grid Revenue in Global Market (2018-2023)
7.7.5 EV Grid Key News & Latest Developments
7.8 Hitachi
7.8.1 Hitachi Company Summary
7.8.2 Hitachi Business Overview
7.8.3 Hitachi Vehicle to Grid Major Product Offerings
7.8.4 Hitachi Vehicle to Grid Revenue in Global Market (2018-2023)
7.8.5 Hitachi Key News & Latest Developments
7.9 Next Energy
7.9.1 Next Energy Company Summary
7.9.2 Next Energy Business Overview
7.9.3 Next Energy Vehicle to Grid Major Product Offerings
7.9.4 Next Energy Vehicle to Grid Revenue in Global Market (2018-2023)
7.9.5 Next Energy Key News & Latest Developments
7.10 NRG Energy
7.10.1 NRG Energy Company Summary
7.10.2 NRG Energy Business Overview
7.10.3 NRG Energy Vehicle to Grid Major Product Offerings
7.10.4 NRG Energy Vehicle to Grid Revenue in Global Market (2018-2023)
7.10.5 NRG Energy Key News & Latest Developments
7.11 PG&E
7.11.1 PG&E Company Summary
7.11.2 PG&E Business Overview
7.11.3 PG&E Vehicle to Grid Major Product Offerings
7.11.4 PG&E Vehicle to Grid Revenue in Global Market (2018-2023)
7.11.5 PG&E Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Vehicle to Grid Market Opportunities & Trends in Global Market
Table 2. Vehicle to Grid Market Drivers in Global Market
Table 3. Vehicle to Grid Market Restraints in Global Market
Table 4. Key Players of Vehicle to Grid in Global Market
Table 5. Top Vehicle to Grid Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Vehicle to Grid Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Vehicle to Grid Revenue Share by Companies, 2018-2023
Table 8. Global Companies Vehicle to Grid Product Type
Table 9. List of Global Tier 1 Vehicle to Grid Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Vehicle to Grid Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Vehicle to Grid Revenue, (US$, Mn), 2022 & 2030
Table 12. By Type - Vehicle to Grid Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Vehicle to Grid Revenue in Global (US$, Mn), 2024-2030
Table 14. By Application ? Global Vehicle to Grid Revenue, (US$, Mn), 2022 & 2030
Table 15. By Application - Vehicle to Grid Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Vehicle to Grid Revenue in Global (US$, Mn), 2024-2030
Table 17. By Region ? Global Vehicle to Grid Revenue, (US$, Mn), 2022 & 2030
Table 18. By Region - Global Vehicle to Grid Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Vehicle to Grid Revenue (US$, Mn), 2024-2030
Table 20. By Country - North America Vehicle to Grid Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Vehicle to Grid Revenue, (US$, Mn), 2024-2030
Table 22. By Country - Europe Vehicle to Grid Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Vehicle to Grid Revenue, (US$, Mn), 2024-2030
Table 24. By Region - Asia Vehicle to Grid Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Vehicle to Grid Revenue, (US$, Mn), 2024-2030
Table 26. By Country - South America Vehicle to Grid Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Vehicle to Grid Revenue, (US$, Mn), 2024-2030
Table 28. By Country - Middle East & Africa Vehicle to Grid Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Vehicle to Grid Revenue, (US$, Mn), 2024-2030
Table 30. AC Propulsion Company Summary
Table 31. AC Propulsion Vehicle to Grid Product Offerings
Table 32. AC Propulsion Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 33. AC Propulsion Key News & Latest Developments
Table 34. Corinex Company Summary
Table 35. Corinex Vehicle to Grid Product Offerings
Table 36. Corinex Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 37. Corinex Key News & Latest Developments
Table 38. Coritech Company Summary
Table 39. Coritech Vehicle to Grid Product Offerings
Table 40. Coritech Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 41. Coritech Key News & Latest Developments
Table 42. EnBW Company Summary
Table 43. EnBW Vehicle to Grid Product Offerings
Table 44. EnBW Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 45. EnBW Key News & Latest Developments
Table 46. Endesa Company Summary
Table 47. Endesa Vehicle to Grid Product Offerings
Table 48. Endesa Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 49. Endesa Key News & Latest Developments
Table 50. EnerDel Company Summary
Table 51. EnerDel Vehicle to Grid Product Offerings
Table 52. EnerDel Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 53. EnerDel Key News & Latest Developments
Table 54. EV Grid Company Summary
Table 55. EV Grid Vehicle to Grid Product Offerings
Table 56. EV Grid Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 57. EV Grid Key News & Latest Developments
Table 58. Hitachi Company Summary
Table 59. Hitachi Vehicle to Grid Product Offerings
Table 60. Hitachi Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 61. Hitachi Key News & Latest Developments
Table 62. Next Energy Company Summary
Table 63. Next Energy Vehicle to Grid Product Offerings
Table 64. Next Energy Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 65. Next Energy Key News & Latest Developments
Table 66. NRG Energy Company Summary
Table 67. NRG Energy Vehicle to Grid Product Offerings
Table 68. NRG Energy Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 69. NRG Energy Key News & Latest Developments
Table 70. PG&E Company Summary
Table 71. PG&E Vehicle to Grid Product Offerings
Table 72. PG&E Vehicle to Grid Revenue (US$, Mn) & (2018-2023)
Table 73. PG&E Key News & Latest Developments
List of Figures
Figure 1. Vehicle to Grid Segment by Type in 2022
Figure 2. Vehicle to Grid Segment by Application in 2022
Figure 3. Global Vehicle to Grid Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Vehicle to Grid Market Size: 2022 VS 2030 (US$, Mn)
Figure 6. Global Vehicle to Grid Revenue, 2018-2030 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Vehicle to Grid Revenue in 2022
Figure 8. By Type - Global Vehicle to Grid Revenue Market Share, 2018-2030
Figure 9. By Application - Global Vehicle to Grid Revenue Market Share, 2018-2030
Figure 10. By Type - Global Vehicle to Grid Revenue, (US$, Mn), 2022 & 2030
Figure 11. By Type - Global Vehicle to Grid Revenue Market Share, 2018-2030
Figure 12. By Application - Global Vehicle to Grid Revenue, (US$, Mn), 2022 & 2030
Figure 13. By Application - Global Vehicle to Grid Revenue Market Share, 2018-2030
Figure 14. By Region - Global Vehicle to Grid Revenue Market Share, 2018-2030
Figure 15. By Country - North America Vehicle to Grid Revenue Market Share, 2018-2030
Figure 16. US Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 17. Canada Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 18. Mexico Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 19. By Country - Europe Vehicle to Grid Revenue Market Share, 2018-2030
Figure 20. Germany Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 21. France Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 22. U.K. Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 23. Italy Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 24. Russia Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 25. Nordic Countries Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 26. Benelux Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 27. By Region - Asia Vehicle to Grid Revenue Market Share, 2018-2030
Figure 28. China Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 29. Japan Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 30. South Korea Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 31. Southeast Asia Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 32. India Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 33. By Country - South America Vehicle to Grid Revenue Market Share, 2018-2030
Figure 34. Brazil Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 35. Argentina Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 36. By Country - Middle East & Africa Vehicle to Grid Revenue Market Share, 2018-2030
Figure 37. Turkey Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 38. Israel Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 39. Saudi Arabia Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 40. UAE Vehicle to Grid Revenue, (US$, Mn), 2018-2030
Figure 41. AC Propulsion Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Corinex Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Coritech Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. EnBW Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Endesa Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. EnerDel Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. EV Grid Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Hitachi Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Next Energy Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. NRG Energy Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. PG&E Vehicle to Grid Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
