Vehicle to Grid Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET INTRODUCTION
Vehicle-to-Grid enables bidirectional demand response services by connecting various types of electric vehicles such as battery-powered electric vehicles, fuel-cell-powered electric vehicles, and plug-in hybrid electric vehicles to the transmission network. It is a system to do. Power exchange provisioning. One of the key drivers of the growth of the Vehicle-to-Grid market is the increasing adoption of EVs around the world. This is impacting the demand for EV charging infrastructure such as one-way and two-way power flow charging. In addition, the expansion of the V2G industry is accelerating due to the expansion of government policies to promote the introduction of green electric vehicles and the growing public awareness of environmental issues.
MARKET DYNAMICS
Profit opportunities in the V2G technology market have enabled BEV and PHEV (Plug-in Hybrid Electric Vehicle) manufacturers to provide consumers with additional vehicle-related services. Because software is an important part of V2G technology, vehicle owners can earn additional revenue from companies seeking to capture critical data generated by intelligent and connected communications technology. This important data helps automakers and technology providers provide better service to consumers. This connected network helps players in the V2G technology market to easily and cost-effectively gain important insights into value chain consumers and other stakeholders.
MARKET SCOPE
The "Global Vehicle to Grid Market Analysis to 2031" is a specialized and in-depth study of the Vehicle to Grid market with a special focus on the global market trend analysis. The report aims to provide an overview of the Vehicle to Grid market with detailed market segmentation by component, application, and geography. The global vehicle to grid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Vehicle to Grid market players and offers key trends and opportunities in the vehicle to grid market.
MARKET SEGMENTATION
The global vehicle to grid market is segmented based on component and application. Based on its product type, vehicle to grid market can be segmented into Smart Meters, Electric Vehicle Supply Equipment (Evse), Software, Home Energy Management (HEM). Based on end use industry, vehicle to grid market can be segmented into Battery Electric Vehicles (Bevs), Fuel Cell Vehicles (Fcvs) And Plug-In Hybrid Electric Vehicles (Phevs)
IMPACT OF COVID-19 ON VEHICLE TO GRID MARKET
The blockade imposed by the COVID-19 pandemic has temporarily banned import / export, manufacturing and processing activities in various industries and utilities, reducing electricity demand from these consumers. In addition, the construction and freezing of new power infrastructure, renewable power plants, grids and other power plants due to labor unavailability and widening supply-demand gaps is projected to impede market growth during the pandemic.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Vehicle to Grid Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Vehicle to Grid Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Vehicle to Grid Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Vehicle to Grid market in these regions.
By Component [Smart Meters, Electric Vehicle Supply Equipment
By Application [Battery Electric Vehicles
MARKET PLAYERS
The reports cover key developments in the Vehicle to Grid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Vehicle to Grid market are anticipated to lucrative growth opportunities in the future with the rising demand for Vehicle to Grid market. Below mentioned is the list of few companies engaged in the Vehicle to Grid market.
The report also includes the profiles of key Vehicle to Grid market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Vehicle-to-Grid enables bidirectional demand response services by connecting various types of electric vehicles such as battery-powered electric vehicles, fuel-cell-powered electric vehicles, and plug-in hybrid electric vehicles to the transmission network. It is a system to do. Power exchange provisioning. One of the key drivers of the growth of the Vehicle-to-Grid market is the increasing adoption of EVs around the world. This is impacting the demand for EV charging infrastructure such as one-way and two-way power flow charging. In addition, the expansion of the V2G industry is accelerating due to the expansion of government policies to promote the introduction of green electric vehicles and the growing public awareness of environmental issues.
MARKET DYNAMICS
Profit opportunities in the V2G technology market have enabled BEV and PHEV (Plug-in Hybrid Electric Vehicle) manufacturers to provide consumers with additional vehicle-related services. Because software is an important part of V2G technology, vehicle owners can earn additional revenue from companies seeking to capture critical data generated by intelligent and connected communications technology. This important data helps automakers and technology providers provide better service to consumers. This connected network helps players in the V2G technology market to easily and cost-effectively gain important insights into value chain consumers and other stakeholders.
MARKET SCOPE
The "Global Vehicle to Grid Market Analysis to 2031" is a specialized and in-depth study of the Vehicle to Grid market with a special focus on the global market trend analysis. The report aims to provide an overview of the Vehicle to Grid market with detailed market segmentation by component, application, and geography. The global vehicle to grid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Vehicle to Grid market players and offers key trends and opportunities in the vehicle to grid market.
MARKET SEGMENTATION
The global vehicle to grid market is segmented based on component and application. Based on its product type, vehicle to grid market can be segmented into Smart Meters, Electric Vehicle Supply Equipment (Evse), Software, Home Energy Management (HEM). Based on end use industry, vehicle to grid market can be segmented into Battery Electric Vehicles (Bevs), Fuel Cell Vehicles (Fcvs) And Plug-In Hybrid Electric Vehicles (Phevs)
IMPACT OF COVID-19 ON VEHICLE TO GRID MARKET
The blockade imposed by the COVID-19 pandemic has temporarily banned import / export, manufacturing and processing activities in various industries and utilities, reducing electricity demand from these consumers. In addition, the construction and freezing of new power infrastructure, renewable power plants, grids and other power plants due to labor unavailability and widening supply-demand gaps is projected to impede market growth during the pandemic.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Vehicle to Grid Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Vehicle to Grid Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Vehicle to Grid Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Vehicle to Grid market in these regions.
Vehicle to Grid Market Report Analysis
Vehicle to Grid Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Nissan Motor Corporation
- Mitsubishi Motors Corporation
- NUVVE Corporation
- ENGIE Group
- OVO Energy Ltd
- Groupe Renault
- Honda Motor Co., Ltd.
- AC Propulsion Inc.
- Coritech Services Inc.
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Component [Smart Meters, Electric Vehicle Supply Equipment
- EVSE
- Software
- Home Energy Management
By Application [Battery Electric Vehicles
- BEVs
- Fuel Cell Vehicles
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The reports cover key developments in the Vehicle to Grid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Vehicle to Grid market are anticipated to lucrative growth opportunities in the future with the rising demand for Vehicle to Grid market. Below mentioned is the list of few companies engaged in the Vehicle to Grid market.
The report also includes the profiles of key Vehicle to Grid market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Nissan Motor Corporation
- Mitsubishi Motors Corporation
- NUVVE Corporation
- ENGIE Group
- OVO Energy Ltd
- Groupe Renault
- Honda Motor Co., Ltd.
- AC Propulsion Inc.
- Coritech Services Inc.
- DENSO Corporation
Vehicle to Grid Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component [Smart Meters, Electric Vehicle Supply Equipment
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1.Nissan Motor Corporation
2.Mitsubishi Motors Corporation
3.NUVVE Corporation
4.ENGIE Group
5.OVO Energy Ltd
6.Groupe Renault
7.Honda Motor Co., Ltd.
8.AC Propulsion Inc.
9.Coritech Services Inc.
10.DENSO Corporation
1.Nissan Motor Corporation
2.Mitsubishi Motors Corporation
3.NUVVE Corporation
4.ENGIE Group
5.OVO Energy Ltd
6.Groupe Renault
7.Honda Motor Co., Ltd.
8.AC Propulsion Inc.
9.Coritech Services Inc.
10.DENSO Corporation
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