Global Vehicle-to-grid Technology Market Size, Share & Trends Analysis Report By Component, By Vehicle Type, By Power Output, By End User, By Region, And Segment Forecasts, 2024 - 2031
- Published Date : 2024-09-26
- Pages : 100
- Report Id : 40478
- Categories : Automotive
This report describes the global market size of Vehicle-to-grid Technology Market Market from 2019 to 2022 and its CAGR from 2019 to 2023, and also forecasts its market size to the end of 2031 and its expected to grow with a CAGR of 5.8% from 2024 to 2031.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Vehicle-to-grid Technology Market Market estimated at US $15.25 Billion in the year 2022, is projected to reach a revised size of US $ 29.41 Billion by 2031, growing at a CAGR of 5.8% during the forecast period 2024-2031.
Vehicle-to-Grid (V2G) technology refers to a system where electric vehicles (EVs) interact with the power grid, allowing the two-way exchange of electricity. In V2G, EVs can not only draw power from the grid to charge their batteries but also return stored energy back to the grid during peak demand times. This technology helps stabilize the grid, supports renewable energy integration, and provides additional value to EV owners by potentially reducing energy costs or generating revenue through energy storage and supply.
For geography segment, regional supply, demand, major players, price is presented from 2019 to 2031. This report cover following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Vehicle-to-grid Technology Market Market as well as some small players. The information for each competitor include:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Component
Electric Vehicle Supply Equipment (EVSE)
Smart Meters
Home Energy Management Systems (HEMS)
Power Converters/Inverters
Software Platforms
The vehicle-to-grid (V2G) technology market is rapidly expanding, driven by the need for sustainable energy solutions and efficient grid management. Key components of this market include Electric Vehicle Supply Equipment (EVSE), which facilitates the charging and discharging of electric vehicles, enabling energy exchange with the grid. Smart meters are essential for monitoring energy flow and facilitating two-way communication between vehicles and the grid. Home Energy Management Systems (HEMS) play a crucial role in optimizing energy usage within homes, allowing consumers to manage their energy resources effectively. Power converters/inverters are necessary for converting DC power from electric vehicles into AC power for the grid. Additionally, software platforms provide the necessary infrastructure for data management and system integration, enhancing the overall functionality and efficiency of V2G technology. Together, these components contribute to a more resilient and sustainable energy ecosystem.
By Vehicle Type
Battery Electric Vehicles (BEVs)
Plug-in Hybrid Electric Vehicles (PHEVs)
Fuel Cell Electric Vehicles (FCEVs)
Heavy-Duty Vehicles
Light Commercial Vehicles (LCVs)
The vehicle-to-grid (V2G) technology market is influenced by various vehicle types, each playing a unique role in energy management. Battery Electric Vehicles (BEVs) are at the forefront, as their ability to store and discharge energy makes them ideal for V2G applications. Plug-in Hybrid Electric Vehicles (PHEVs) also contribute to the market by providing flexibility in energy use, allowing for both grid interaction and traditional fuel consumption. Fuel Cell Electric Vehicles (FCEVs) present an alternative option, utilizing hydrogen fuel cells to generate electricity, and can effectively participate in energy exchange with the grid. Additionally, heavy-duty vehicles and light commercial vehicles (LCVs) are increasingly being integrated into V2G systems, leveraging their substantial battery capacity for energy storage and grid support during peak demand. Each vehicle type enhances the overall effectiveness of V2G technology, contributing to a more resilient and sustainable energy landscape.
By Power Output
Up to 10 kW
10 kW to 50 kW
Above 50 kW
The Vehicle-to-Grid (V2G) technology is segmented by power output into three categories. Up to 10 kW is typically used for residential applications, where electric vehicles (EVs) can power homes or supply energy to local grids on a smaller scale. 10 kW to 50 kW is suited for commercial uses, such as small businesses and EV fleets, offering more substantial energy transfer and grid support. Above 50 kW is designed for industrial and utility-scale applications, where high-powered EVs can provide significant energy back to the grid, contributing to large-scale grid stabilization and energy management.
By End User
Residential
Commercial
Utilities
Government & Municipalities
The Vehicle-to-Grid (V2G) technology market is segmented by end user into four key categories: Residential, where individual EV owners can supply energy to their homes or local grids; Commercial, involving businesses and fleet operators using V2G to reduce energy costs and provide grid support; Utilities, leveraging V2G to enhance grid stability and integrate renewable energy; and Government & Municipalities, utilizing the technology for public services and energy efficiency in smart cities. Major players in this space include Anglo American Platinum Limited, Norilsk Nickel, Sibanye-Stillwater, and others, who contribute to the raw materials and technologies supporting V2G implementation.
Key Plyers:
Nuvve Corporation
Energie Baden Wuerttemberg AG
ABB Ltd.
Nissan Motor Corporation
EDF Energy
Hitachi Energy
Eaton Corporation
Tesla, Inc.
itsubishi Motors Corporation
Siemens AG
Please ask for sample pages for full companies list
Base Year: 2023
Historical Data: from 2019 to 2023
Forecast Data: from 2024 to 2031
Any special requirements about this report, please let us know and we can provide custom report.
TABLE OF CONTENTS
Market Taxonomy
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis and Recommendations
1.3. RA Analysis and Recommendations
2. Market Introduction
2.1. Market Definition
3. Market Background
3.1. Parent/Associated Market Overview
3.1.1.Vehicle-to-grid Technology Market Outlook
3.1.2.Vehicle-to-grid Technology Market Overview
3.2. Effect of Covid-19 Impact
3.3. Macro-Economic Overview
3.3.1. GDP Growth
3.3.2. Retail Industry Growth
3.4. Pricing Analysis
3.5. Challenges related to adoption of Vehicle-to-grid Technology Market
3.6. Regulations of Vehicle-to-grid Technology Market
3.7. Forecast Factors: Relevance and Impact
3.8. Market Dynamics
3.8.1. Drivers
3.8.2. Restraints
3.8.3. Opportunity
3.8.4. Trends
3.8.5. SWOT Analysis
4. Market Forecast
4.1. Market Value Projections
4.2. Market Size Projections
4.3. Y-o-Y Projections
4.4. Absolute Opportunity Analysis
5. Global Vehicle-to-grid Technology Market Value Chain Analysis
5.1.Vehicle-to-grid Technology Market Value Chain
5.1.1. List of Raw Source Suppliers
5.1.2. List of Vehicle-to-grid Technology Market Manufacturer
5.1.3. List of Segment
6. Global Vehicle-to-grid Technology Market Analysis By Component
6.1. Introduction
6.1.1. Market Value Share Analysis By Component
6.1.2. Y-o-Y Growth Analysis By Component
6.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Component
6.3. Market Attractiveness Analysis By Component
7. GlobalVehicle-to-grid Technology Market Analysis By Vehicle Type
7.1. Introduction
7.1.1. Market Value Share Analysis By Vehicle Type
7.1.2. Y-o-Y Growth Analysis By Vehicle Type
7.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Vehicle Type
7.3. Market Attractiveness Analysis By Vehicle Type
8. Market Structure Analysis
8.1. Market Analysis by Tier of Companies
8.1.1. By Large, Medium, and Small
8.2. Market Concentration
8.2.1. By Top 5 and by Top 10
8.3. Application ion Capacity Share Analysis
8.3.1. By Large, Medium, and Small
8.3.2. By Top 5 and Top 10
8.4. Application Roadmap
9. Competition Analysis
9.1. Competition Dashboard
9.2. Company Profiles (15 Companies)
9.2.1. Nuvve Corporation
9.2.1.1. Overview
9.2.1.2. Application Portfolio
9.2.1.3. Financial Overview
9.2.2. Energie Baden Wuerttemberg AG
9.2.2.1. Overview
9.2.2.2. Application Portfolio
9.2.2.3. Financial Overview
9.2.3. ABB Ltd.
9.2.3.1. Overview
9.2.3.2. Application Portfolio
9.2.3.3. Financial Overview
9.2.4. Nissan Motor Corporation
9.2.4.1. Overview
9.2.4.2. Application Portfolio
9.2.4.3. Financial Overview
9.2.5. EDF Energy
9.2.5.1. Overview
9.2.5.2. Application Portfolio
9.2.5.3. Financial Overview
9.2.6.Hitachi Energy
9.2.6.1. Overview
9.2.6.2. Application Portfolio
9.2.6.3. Financial Overview
9.2.7.Eaton Corporation
9.2.7.1. Overview
9.2.7.2. Application Portfolio
9.2.7.3. Financial Overview
9.2.8.Tesla, Inc.
9.2.8.1. Overview
9.2.8.2. Application Portfolio
9.2.8.3. Financial Overview
9.2.9. Siemens AG
9.2.9.1. Overview
9.2.9.2. Application Portfolio
9.2.9.3. Financial Overview
9.2.10.Zimplats
9.2.10.1. Overview
9.2.10.2. Application Portfolio
9.2.10.3. Financial Overview
9.2.11.Heraeus Group
9.2.11.1. Overview
9.2.11.2. Application Portfolio
9.2.11.3. Financial Overview
9.2.12. MMC Kazakhmys
9.2.12.1. Overview
9.2.12.2. Application Portfolio
9.2.12.3. Financial Overview
9.2.13. COMPANY 13
9.2.13.1. Overview
9.2.13.2. Application Portfolio
9.2.13.3. Financial Overview
9.2.14. COMPANY 14
9.2.14.1. Overview
9.2.14.2. Application Portfolio
9.2.14.3. Financial Overview
9.2.15. COMPANY 15
9.2.15.1. Overview
9.2.15.2. Application Portfolio
9.2.15.3. Financial Overview
10. Global Vehicle-to-grid Technology Market Analysis By Region
10.1. Introduction
10.1.1. Market Value Share Analysis By Region
10.1.2. Y-o-Y Growth Analysis By Region
10.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Region
10.2.1. North America
10.2.2. Middle East and Africa
10.2.3. South America
10.2.4. Asia-Pacific
10.2.5. Others
10.3. Current Market Size (USD Mn) Forecast 2023-2030 By Region
10.3.1. North America
10.3.2. Middle East and Africa
10.3.3. South America
10.3.4. Asia-Pacific
10.3.5. Others
10.4. Market Attractiveness Analysis By Region
11. North America Vehicle-to-grid Technology Market Analysis
11.1. Introduction
11.2. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
11.2.1. U.S.
11.2.2. Canada
11.2.3. Mexico
11.2.4. Rest of North America
11.3. Current Market Size (USD Mn) Forecast 2023-2030 By Country
11.3.1. U.S.
11.3.2. Canada
11.3.3. Mexico
11.3.4. Rest of North America
11.4. Historical Market Size (USD Mn) Analysis 2018-2022 By Component
11.5. Current Market Size (USD Mn) Forecast 2023-2030 By Component
11.6. Historical Market Size (USD Mn) Analysis 2018-2022 By Vehicle Type
11.7. Current Market Size (USD Mn) Forecast 2023-2030 By Vehicle Type
12. South America Vehicle-to-grid Technology Market Analysis
12.1. Introduction
12.2. Regional Pricing Analysis
12.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
12.3.1. Brazil
12.3.2. Argentina
12.3.3. Rest of South America
12.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Rest of South America
12.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Component
12.6. Current Market Size (USD Mn) Forecast 2023-2030 By Component
12.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Vehicle Type
12.8. Current Market Size (USD Mn) Forecast 2023-2030 By Vehicle Type
13. Europe Vehicle-to-grid Technology Market Analysis
13.1. Introduction
13.2. Regional Pricing Analysis
13.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
13.3.1. Germany
13.3.2. Italy
13.3.3. France
13.3.4. Spain
13.3.5. U.K.
13.3.6. Rest of Europe
13.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
13.4.1. Germany
13.4.2. Italy
13.4.3. France
13.4.4. Spain
13.4.5. U.K.
13.4.6. Rest of Europe
13.5. Historical Market Size (USD Mn) Analysis 2018-2022 By Component
13.6. Current Market Size (USD Mn) Forecast 2023-2030 By Component
13.7. Historical Market Size (USD Mn) Analysis 2018-2022 By Vehicle Type
13.8. Current Market Size (USD Mn) Forecast 2023-2030 By Vehicle Type
14. Middle East and Africa Vehicle-to-grid Technology Market Analysis
14.1. Introduction
14.2. Regional Pricing Analysis
14.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
14.3.1. Saudi Arabia
14.3.2. U.A.E.
14.3.3. South Africa
14.3.4. Turkey
14.3.5. Rest of Middle East and Africa
14.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
14.4.1. Saudi Arabia
14.4.2. U.A.E.
14.4.3. South Africa
14.4.4. Turkey
14.4.5. Rest of Middle East and Africa
15. Asia-Pacific Vehicle-to-grid Technology Market Analysis
15.1. Introduction
15.2. Regional Pricing Analysis
15.3. Historical Market Size (USD Mn) Analysis 2018-2022 By Country
15.3.1. China
15.3.2. India
15.3.3. Japan
15.3.4. South Korea
15.3.5. Singapore
15.3.6. Australia and New Zealand
15.3.7. Rest of Asia-Pacific
15.4. Current Market Size (USD Mn) Forecast 2023-2030 By Country
15.4.1. China
15.4.2. India
15.4.3. Japan
15.4.4. South Korea
15.4.5. Singapore
15.4.6. Australia and New Zealand
15.4.7. Rest of Asia-Pacific
i. Research Methodology
ii. Assumptions & Acronyms
LIST OF FIGURES
Figure 01: Global Vehicle-to-grid Technology Market, BPS Analysis,By Component, 2018(H), 2023(E) & 2030(F)
Figure 02: Global Vehicle-to-grid Technology Market, Y-O-Y Growth,By Component, 2020(A) - 2030(F)
Figure 03: Global Vehicle-to-grid Technology Market Attractiveness Analysis,By Component (2020)
Figure 04: Global Vehicle-to-grid Technology Market, BPS Analysis, By Vehicle Type, 2018(H), 2023(E) & 2030(F)
Figure 05: Global Vehicle-to-grid Technology Market, Y-O-Y Growth, By Vehicle Type, 2018(H) - 2030(F)
Figure 06: Global Vehicle-to-grid Technology Market Attractiveness Analysis, By Vehicle Type
Figure 07: Global Vehicle-to-grid Technology Market, Value Analysis,By Component, 2018(H)-2030(F)
Figure 08: Global Vehicle-to-grid Technology Market, Value Analysis, by Source , 2018(H)-2030(F)
Figure 09: Global Vehicle-to-grid Technology Market, BPS Analysis, by Region, 2018(H), 2023(E) & 2030(F)
Figure 10: Global Vehicle-to-grid Technology Market, Y-O-Y Growth, by Region, 2018(H) - 2030(F)
Figure 11: Global Vehicle-to-grid Technology Market Attractiveness Analysis, by Region
Figure 12: North America Vehicle-to-grid Technology Market Value (USD Mn Forecast, 2018 – 2022
Figure 13: North America Vehicle-to-grid Technology Market Value (USD Mn Forecast, 2023 – 2030
Figure 14: South America Vehicle-to-grid Technology Market Value (USD Mn) Forecast, 2018 – 2022
Figure 15: South America Vehicle-to-grid Technology Market Value (USD Mn) Forecast, 2023 – 2030
Figure 16: Europe Vehicle-to-grid Technology Market Value (USD Mn) Forecast, 2018 – 2022
Figure 17: Europe Vehicle-to-grid Technology Market Value (USD Mn) Forecast, 2023 – 2030
Figure 18: Middle East and Africa Vehicle-to-grid Technology Market Value (USD Mn) Forecast, 2018 – 2022
LIST OF TABLES
Table 01: Global Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Component, 2018(H) – 2030(F)
Table 02: Global Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Vehicle Type, 2018(H) – 2030(F)
Table 03: Global Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Country, 2018(H) – 2030(F)
Table 04: North America Vehicle-to-grid Technology Market Value (USD Mn) Forecast, by Country, 2018(H) – 2030(F)
Table 05: North America Vehicle-to-grid Technology Market Value (USD Mn) Forecast,By Component, 2018(H) – 2030(F)
Table 06: North America Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Vehicle Type, 2018(H) – 2030(F)
Table 07: South America Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Country, 2018(H) – 2030(F)
Table 08: South America Vehicle-to-grid Technology Market Value (USD Mn) Forecast,By Component, 2018(H) – 2030(F)
Table 09: South America Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Vehicle Type, 2018(H) – 2030(F)
Table 10: Europe Vehicle-to-grid Technology Market Value (USD Mn) and Forecast, by Country, 2018(H) – 2030(F)
Table 11: Europe Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Component, 2018(H) – 2030(F)
Table 12: Europe Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Vehicle Type EndUser, 2018(H) – 2030(F)
Table 13: Middle East and Africa Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Country, 2018(H) – 2030(F)
Table 14: Middle East and Africa Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Component, 2018(H) – 2030(F)
Table 15: Middle East and Africa Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Vehicle Type, 2018(H) – 2030(F)
Table 16: Asia-Pacific Vehicle-to-grid Technology Market Value (USD Mn) Forecast, by Country, 2018(H) – 2030(F)
Table 17: Asia-Pacific Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Component, 2018(H) – 2030(F)
Table 18: Asia-Pacific Vehicle-to-grid Technology Market Value (USD Mn) Forecast, By Vehicle Type, 2018(H) – 2030(F)
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