The global Vehicle-To-Grid Technology market size is expected to be worth around US$ 20.06 billion by 2030, according to a new report by Vision Research Reports. and is anticipated to grow at a CAGR of 50% during forecast period 2021 to 2030.
Combining BEVs (Battery Electric Vehicles) with vehicle-to-grid technology is creating revenue opportunities for various stakeholders in the market. This technology helps consumers to be a part of smart grid solution systems, which empowers them with price arbitrage and enables them to control energy reserves. Thus, vehicle owners can provide ancillary services to large distribution network operators and earn revenue by providing operators with energy reserves.
Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38656
Vehicle-To-Grid (V2G) Technology Market (By Component: Electric Vehicle Supply Equipment (EVSE), Smart Meters, Home Energy Management (HEM), Software; By Application: Battery Electric Vehicles (BEVs), Plug-In Hybrid Electric Vehicles (PHEVs), Fuel Cell Vehicles (FCVs)) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | US$ 20.06 billion by 2030 |
| Growth Rate | CAGR of 50% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Component, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Nissan Motor Corporation, Mitsubishi Motors Corporation, NUVVE Corporation, ENGIE Group, OVO Energy Ltd, Groupe Renault, Honda Motor Co., Ltd. |
Growth Factors
There are several factors that are influencing the growth of the global vehicle to grid technology market. One of the most influential factor is the integration of battery electric vehicles (BEVs) with the vehicle to grid technology. This is creating a wide range of business opportunities for the growth of the market.
Combining BEVs (Battery Electric Vehicles) with vehicle-to-grid technology is creating revenue opportunities for various stakeholders in the market. This technology helps consumers to be a part of smart grid solution systems, which empowers them with price arbitrage and enables them to control energy reserves. Thus, vehicle owners can provide ancillary services to large distribution network operators and earn revenue by providing operators with energy reserves.
Report Highlights
Market scenario analysis, trends, drivers, and impact analysis – Increase in demand for electric vehicles and the government’s encouragement to shift toward e-vehicle are expected to surge the demand for vehicle-to-grid technology over the forecast period. Moreover, the high cost associated with electric vehicle charging equipment is a major factor that hampers the market growth.
Increase in demand for electric vehicles – Awareness about the damage caused to the environment with the increasing usage of combustion engines has effectively increased the demand for electric vehicles. Hence, the electric vehicle market is considered to be the future of the automobile as many customers are shifting to electric vehicles, owing to their economical and eco-friendly nature. This is expected to further drive the electric vehicle equipment market over the forecast period.
Market players should tap into high incremental opportunities in Europe and Asia Pacific. Increased research and development is helping technology providers integrate V2G with vehicle-to-everything (V2X) technology.
There is a direct impact of vehicle-to-grid technology on car batteries, since the implementation of the technology reduces their life cycle.
Countries such as France have strict regulatory norms to control how electricity can be injected into a grid from individual producers. Also, multiple administrative steps require approval from government authorities. Such complicated procedures are highly unwelcome for BEV and PHEV owners.
Key Players
Nissan Motor Corporation
Mitsubishi Motors Corporation
NUVVE Corporation
ENGIE Group
OVO Energy Ltd
Groupe Renault
Honda Motor Co., Ltd.
Market Segmentation
by Component
by Application
by Region
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Vehicle-To-Grid Technology Market, By Component
7.1. Vehicle-To-Grid Technology Market, by Component, 2021-2030
7.1.1. Electric Vehicle Supply Equipment (EVSE)
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Smart Meters
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Home Energy Management (HEM)
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Software
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Vehicle-To-Grid Technology Market, By Application
8.1. Vehicle-To-Grid Technology Market, by Application, 2021-2030
8.1.1. Battery Electric Vehicles (BEVs)
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Plug-In Hybrid Electric Vehicles (PHEVs)
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Fuel Cell Vehicles (FCVs)
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Vehicle-To-Grid Technology Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Component (2017-2030)
9.1.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Component (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Component (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Component (2017-2030)
9.2.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Component (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Component (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Component (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Component (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Component (2017-2030)
9.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Component (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Component (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Component (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Component (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Component (2017-2030)
9.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Component (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Component (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Component (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Component (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Component (2017-2030)
9.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Component (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Component (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 10. Company Profiles
10.1. Nissan Motor Corporation
10.1.1. Company Overview
10.1.2. Component Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Mitsubishi Motors Corporation
10.2.1. Company Overview
10.2.2. Component Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. NUVVE Corporation
10.3.1. Company Overview
10.3.2. Component Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. ENGIE Group
10.4.1. Company Overview
10.4.2. Component Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. OVO Energy Ltd
10.5.1. Company Overview
10.5.2. Component Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Groupe Renault
10.6.1. Company Overview
10.6.2. Component Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Honda Motor Co., Ltd.
10.7.1. Company Overview
10.7.2. Component Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38656 or call: +1 9197 992 333
Vision Research Report, Recently Announced New Report on "Smart Lock market - Global Industry Analysis,…
Vision Research Report, Recently Announced New Report on "2D barcode reader market - Global Industry…
Vision Research Report, Recently Announced New Report on "commercial refrigeration equipment market - Global Industry…
Vision Research Report, Recently Announced New Report on "Restaurant Point-of-Sale Terminal market - Global Industry…
Vision Research Report, Recently Announced New Report on "vacuum cleaner market- Global Industry Analysis, Market…
Vision Research Report, Recently Announced New Report on "household refrigerators and freezers market - Global…