Global Vehicle-To-Grid Market Size study & Forecast, by Technology by Charging Type, by Vehicle Type, by Component and Regional Analysis, 2023-2030

Description

List of Tables

Global Vehicle-To-Grid Market is valued at approximately USD 2.16 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 25.3% over the forecast period 2023-2030. The term "vehicle-to-grid" refers to a technology that enables plug-in electric vehicles, including battery electric vehicles, plug-in hybrids, and hydrogen cell electric vehicles, to interact with the electrical grid to obtain power. Additionally, in the coming years, the global vehicle-to-grid (V2G) industry is expected to rise as a result of factors such rising electric car demand and government initiatives to build out infrastructure for electric vehicle charging.

The demand for electric vehicles is rising, which is what is driving the market's expansion. According to the International Energy Agency, China had the most sales in 2021, tripling those of 2020 with 3.3 million, followed by Europe with 2.3 million sales, an increase from 1.4 million in 2020. In 2021, 630 000 electric vehicles were sold in the United States, doubling their market share to 4.5%. Electric car sales increased more than twice as much in emerging nations, although they are still relatively small. It is predict that the global EV sales share will be around 13% in the first half of 2022, as sales have continued to rise. Moreover, due to the rapid growth of the economy and society in many developed nations around the world, the levels of industrialization and urbanization have improved as well as increased investments by the key market players in the market of EVs. These factors are anticipated to create the lucrative opportunity for the market. However, lack of sufficient infrastructure, and lack of standardization of electric vehicle (EV) charging are expected to hinder the growth of the global V2G market during the forecast period of 2023-2030.

The key regions considered for the Global Vehicle-To-Grid Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022. The market for vehicle-to-grid technology is boosted by the higher number of on-road electric vehicles and electric vehicle manufacturers in Europe. Furthermore, the scale of the vehicle-to-grid industry in the region has increased due to stricter vehicle pollution standards, tax benefits, and incentives offered by the governments of Europe for the adoption of electric vehicles. Asia Pacific is expected to be the fastest growing region during the forecast period. The green revolution movements in Asian nations including China, Japan, India, and South Korea are the main causes of the enormous rise. For instance, China is investing heavily to achieve its objective of a fully electrified transportation system in the region by 2025.

Major market player included in this report are:

ABB
AC Propulsion, Inc.
Boulder Electric Vehicle
DENSO Co.
Edison International
EnerDel, Inc
EV Grid, Inc
Fermata Energy
Hitachi, Ltd
Honda

Recent Developments in the Market:

In April 2022, Porsche AG collaborated with TransnetBW, a prominent transmission grid operator in Germany, and consulting firm Intelligent Energy System Services (IE2S) to showcase the capabilities of an intelligent swarm of electric vehicles. The demonstration focused on highlighting the role of vehicle-to-grid technology, which allows electric vehicles to function as mobile power-storage units and efficiently supply or draw electricity from the grid during periods of high demand.
In October 2021, The public announcement revealed a partnership between Wallbox Chargers and Nuvve Holding Corp., aimed at jointly developing and enhancing vehicle-to-grid (V2G) technology within the Spanish market. The team has created a two-way charger that gives users the extra freedom to both store additional power and discharge it back into the grid from an electric vehicle's battery.

Global Vehicle-To-Grid Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimatio: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Technology, Charging Type, Vehicle Type, Component, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:

Power management
Software

By Charging Type:

Unidirectional Charging
Bidirectional Charging

By Vehicle Type:

Battery Electric Vehicles
Plug In Hybrid Electric Vehicles
Fuel Cell Vehicles (FCVs)

By Component:

Electric Vehicle Supply Equipment (EVSE)
Smart Meters
Home Energy Management (HEM)
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Vehicle-To-Grid Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Vehicle-To-Grid Market, by Technology, 2020-2030 (USD Billion)
- 1.2.3. Vehicle-To-Grid Market, by Charging Type, 2020-2030 (USD Billion)
- 1.2.4. Vehicle-To-Grid Market, by Vehicle Type, 2020-2030 (USD Billion)
- 1.2.5. Vehicle-To-Grid Market, by Component, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Vehicle-To-Grid Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Vehicle-To-Grid Market Dynamics

3.1. Vehicle-To-Grid Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing electric vehicle demand
  - 3.1.1.2. Government initiatives to build out infrastructure for electric vehicle charging.
- 3.1.2. Market Challenges
  - 3.1.2.1. Lack of sufficient infrastructure
  - 3.1.2.2. Lack of standardization of electric vehicle (EV) charging
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing Investments by the key market players
  - 3.1.3.2. Rapid growth of industrialization and urbanization

Chapter 4. Global Vehicle-To-Grid Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Vehicle-To-Grid Market, by Technology

5.1. Market Snapshot
5.2. Global Vehicle-To-Grid Market by Technology, Performance - Potential Analysis
5.3. Global Vehicle-To-Grid Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Vehicle-To-Grid Market, Sub Segment Analysis
- 5.4.1. Power management
- 5.4.2. Software

Chapter 6. Global Vehicle-To-Grid Market, by Charging Type

6.1. Market Snapshot
6.2. Global Vehicle-To-Grid Market by Charging Type, Performance - Potential Analysis
6.3. Global Vehicle-To-Grid Market Estimates & Forecasts by Charging Type 2020-2030 (USD Billion)
6.4. Vehicle-To-Grid Market, Sub Segment Analysis
- 6.4.1. Unidirectional Charging
- 6.4.2. Bidirectional Charging

Chapter 7. Global Vehicle-To-Grid Market, by Vehicle Type

7.1. Market Snapshot
7.2. Global Vehicle-To-Grid Market by Vehicle Type, Performance - Potential Analysis
7.3. Global Vehicle-To-Grid Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
7.4. Vehicle-To-Grid Market, Sub Segment Analysis
- 7.4.1. Battery Electric Vehicles
- 7.4.2. Plug In Hybrid Electric Vehicles
- 7.4.3. Fuel Cell Vehicles (FCVs)

Chapter 8. Global Vehicle-To-Grid Market, by Component

8.1. Market Snapshot
8.2. Global Vehicle-To-Grid Market by Component, Performance - Potential Analysis
8.3. Global Vehicle-To-Grid Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
8.4. Vehicle-To-Grid Market, Sub Segment Analysis
- 8.4.1. Electric Vehicle Supply Equipment (EVSE)
- 8.4.2. Smart Meters
- 8.4.3. Home Energy Management (HEM)
- 8.4.4. Others

Chapter 9. Global Vehicle-To-Grid Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Vehicle-To-Grid Market, Regional Market Snapshot
9.4. North America Vehicle-To-Grid Market
- 9.4.1. U.S. Vehicle-To-Grid Market
  - 9.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Charging Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Vehicle Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Component breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Vehicle-To-Grid Market
9.5. Europe Vehicle-To-Grid Market Snapshot
- 9.5.1. U.K. Vehicle-To-Grid Market
- 9.5.2. Germany Vehicle-To-Grid Market
- 9.5.3. France Vehicle-To-Grid Market
- 9.5.4. Spain Vehicle-To-Grid Market
- 9.5.5. Italy Vehicle-To-Grid Market
- 9.5.6. Rest of Europe Vehicle-To-Grid Market
9.6. Asia-Pacific Vehicle-To-Grid Market Snapshot
- 9.6.1. China Vehicle-To-Grid Market
- 9.6.2. India Vehicle-To-Grid Market
- 9.6.3. Japan Vehicle-To-Grid Market
- 9.6.4. Australia Vehicle-To-Grid Market
- 9.6.5. South Korea Vehicle-To-Grid Market
- 9.6.6. Rest of Asia Pacific Vehicle-To-Grid Market
9.7. Latin America Vehicle-To-Grid Market Snapshot
- 9.7.1. Brazil Vehicle-To-Grid Market
- 9.7.2. Mexico Vehicle-To-Grid Market
9.8. Middle East & Africa Vehicle-To-Grid Market
- 9.8.1. Saudi Arabia Vehicle-To-Grid Market
- 9.8.2. South Africa Vehicle-To-Grid Market
- 9.8.3. Rest of Middle East & Africa Vehicle-To-Grid Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. ABB
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. AC Propulsion, Inc.
- 10.3.3. Boulder Electric Vehicle
- 10.3.4. DENSO Co.
- 10.3.5. Edison International
- 10.3.6. EnerDel, Inc
- 10.3.7. EV Grid, Inc
- 10.3.8. Fermata Energy
- 10.3.9. Hitachi, Ltd
- 10.3.10. Honda

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Vehicle-To-Grid Market, report scope
TABLE 2. Global Vehicle-To-Grid Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Vehicle-To-Grid Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 4. Global Vehicle-To-Grid Market estimates & forecasts by Charging Type 2020-2030 (USD Billion)
TABLE 5. Global Vehicle-To-Grid Market estimates & forecasts by Vehicle Type 2020-2030 (USD Billion)
TABLE 6. Global Vehicle-To-Grid Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 7. Global Vehicle-To-Grid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Vehicle-To-Grid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Vehicle-To-Grid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Vehicle-To-Grid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Vehicle-To-Grid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Vehicle-To-Grid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Vehicle-To-Grid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Vehicle-To-Grid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Vehicle-To-Grid Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Vehicle-To-Grid Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Vehicle-To-Grid Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Vehicle-To-Grid Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Vehicle-To-Grid Market
TABLE 72. List of primary sources, used in the study of global Vehicle-To-Grid Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Vehicle-To-Grid Market, research methodology
FIG 2. Global Vehicle-To-Grid Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Vehicle-To-Grid Market, key trends 2022
FIG 5. Global Vehicle-To-Grid Market, growth prospects 2023-2030
FIG 6. Global Vehicle-To-Grid Market, porters 5 force model
FIG 7. Global Vehicle-To-Grid Market, pest analysis
FIG 8. Global Vehicle-To-Grid Market, value chain analysis
FIG 9. Global Vehicle-To-Grid Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Vehicle-To-Grid Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Vehicle-To-Grid Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Vehicle-To-Grid Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Vehicle-To-Grid Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Vehicle-To-Grid Market, regional snapshot 2020 & 2030
FIG 15. North America Vehicle-To-Grid Market 2020 & 2030 (USD Billion)
FIG 16. Europe Vehicle-To-Grid Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Vehicle-To-Grid Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Vehicle-To-Grid Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Vehicle-To-Grid Market 2020 & 2030 (USD Billion)