Abstract
Summary
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.
LPI (LP Information)' newest research report, the “Vehicle to Grid Industry Forecast” looks at past sales and reviews total world Vehicle to Grid sales in 2022, providing a comprehensive analysis by region and market sector of projected Vehicle to Grid sales for 2023 through 2029. With Vehicle to Grid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle to Grid industry.
This Insight Report provides a comprehensive analysis of the global Vehicle to Grid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vehicle to Grid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle to Grid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle to Grid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle to Grid.
The global Vehicle to Grid market size is projected to grow from US$ 7502.4 million in 2022 to US$ 17890 million in 2029; it is expected to grow at a CAGR of 13.2% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle to Grid market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Unidirectional V2G
Bidirectional V2G
Segmentation by application
Automotive
Transportation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AC Propulsion
Corinex
Coritech
EnBW
Endesa
EnerDel
EV Grid
Hitachi
Next Energy
NRG Energy
PG&E
LPI (LP Information)' newest research report, the “Vehicle to Grid Industry Forecast” looks at past sales and reviews total world Vehicle to Grid sales in 2022, providing a comprehensive analysis by region and market sector of projected Vehicle to Grid sales for 2023 through 2029. With Vehicle to Grid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vehicle to Grid industry.
This Insight Report provides a comprehensive analysis of the global Vehicle to Grid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vehicle to Grid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Vehicle to Grid market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vehicle to Grid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vehicle to Grid.
The global Vehicle to Grid market size is projected to grow from US$ 7502.4 million in 2022 to US$ 17890 million in 2029; it is expected to grow at a CAGR of 13.2% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Vehicle to Grid market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Unidirectional V2G
Bidirectional V2G
Segmentation by application
Automotive
Transportation
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AC Propulsion
Corinex
Coritech
EnBW
Endesa
EnerDel
EV Grid
Hitachi
Next Energy
NRG Energy
PG&E
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Vehicle to Grid Market Size 2018-2029
2.1.2 Vehicle to Grid Market Size CAGR by Region 2018 VS 2022 VS 2029
2.2 Vehicle to Grid Segment by Type
2.2.1 Unidirectional V2G
2.2.2 Bidirectional V2G
2.3 Vehicle to Grid Market Size by Type
2.3.1 Vehicle to Grid Market Size CAGR by Type (2018 VS 2022 VS 2029)
2.3.2 Global Vehicle to Grid Market Size Market Share by Type (2018-2023)
2.4 Vehicle to Grid Segment by Application
2.4.1 Automotive
2.4.2 Transportation
2.4.3 Others
2.5 Vehicle to Grid Market Size by Application
2.5.1 Vehicle to Grid Market Size CAGR by Application (2018 VS 2022 VS 2029)
2.5.2 Global Vehicle to Grid Market Size Market Share by Application (2018-2023)
3 Vehicle to Grid Market Size by Player
3.1 Vehicle to Grid Market Size Market Share by Players
3.1.1 Global Vehicle to Grid Revenue by Players (2018-2023)
3.1.2 Global Vehicle to Grid Revenue Market Share by Players (2018-2023)
3.2 Global Vehicle to Grid Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Vehicle to Grid by Regions
4.1 Vehicle to Grid Market Size by Regions (2018-2023)
4.2 Americas Vehicle to Grid Market Size Growth (2018-2023)
4.3 APAC Vehicle to Grid Market Size Growth (2018-2023)
4.4 Europe Vehicle to Grid Market Size Growth (2018-2023)
4.5 Middle East & Africa Vehicle to Grid Market Size Growth (2018-2023)
5 Americas
5.1 Americas Vehicle to Grid Market Size by Country (2018-2023)
5.2 Americas Vehicle to Grid Market Size by Type (2018-2023)
5.3 Americas Vehicle to Grid Market Size by Application (2018-2023)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Vehicle to Grid Market Size by Region (2018-2023)
6.2 APAC Vehicle to Grid Market Size by Type (2018-2023)
6.3 APAC Vehicle to Grid Market Size by Application (2018-2023)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Vehicle to Grid by Country (2018-2023)
7.2 Europe Vehicle to Grid Market Size by Type (2018-2023)
7.3 Europe Vehicle to Grid Market Size by Application (2018-2023)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Vehicle to Grid by Region (2018-2023)
8.2 Middle East & Africa Vehicle to Grid Market Size by Type (2018-2023)
8.3 Middle East & Africa Vehicle to Grid Market Size by Application (2018-2023)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Vehicle to Grid Market Forecast
10.1 Global Vehicle to Grid Forecast by Regions (2024-2029)
10.1.1 Global Vehicle to Grid Forecast by Regions (2024-2029)
10.1.2 Americas Vehicle to Grid Forecast
10.1.3 APAC Vehicle to Grid Forecast
10.1.4 Europe Vehicle to Grid Forecast
10.1.5 Middle East & Africa Vehicle to Grid Forecast
10.2 Americas Vehicle to Grid Forecast by Country (2024-2029)
10.2.1 United States Vehicle to Grid Market Forecast
10.2.2 Canada Vehicle to Grid Market Forecast
10.2.3 Mexico Vehicle to Grid Market Forecast
10.2.4 Brazil Vehicle to Grid Market Forecast
10.3 APAC Vehicle to Grid Forecast by Region (2024-2029)
10.3.1 China Vehicle to Grid Market Forecast
10.3.2 Japan Vehicle to Grid Market Forecast
10.3.3 Korea Vehicle to Grid Market Forecast
10.3.4 Southeast Asia Vehicle to Grid Market Forecast
10.3.5 India Vehicle to Grid Market Forecast
10.3.6 Australia Vehicle to Grid Market Forecast
10.4 Europe Vehicle to Grid Forecast by Country (2024-2029)
10.4.1 Germany Vehicle to Grid Market Forecast
10.4.2 France Vehicle to Grid Market Forecast
10.4.3 UK Vehicle to Grid Market Forecast
10.4.4 Italy Vehicle to Grid Market Forecast
10.4.5 Russia Vehicle to Grid Market Forecast
10.5 Middle East & Africa Vehicle to Grid Forecast by Region (2024-2029)
10.5.1 Egypt Vehicle to Grid Market Forecast
10.5.2 South Africa Vehicle to Grid Market Forecast
10.5.3 Israel Vehicle to Grid Market Forecast
10.5.4 Turkey Vehicle to Grid Market Forecast
10.5.5 GCC Countries Vehicle to Grid Market Forecast
10.6 Global Vehicle to Grid Forecast by Type (2024-2029)
10.7 Global Vehicle to Grid Forecast by Application (2024-2029)
11 Key Players Analysis
11.1 AC Propulsion
11.1.1 AC Propulsion Company Information
11.1.2 AC Propulsion Vehicle to Grid Product Offered
11.1.3 AC Propulsion Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.1.4 AC Propulsion Main Business Overview
11.1.5 AC Propulsion Latest Developments
11.2 Corinex
11.2.1 Corinex Company Information
11.2.2 Corinex Vehicle to Grid Product Offered
11.2.3 Corinex Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.2.4 Corinex Main Business Overview
11.2.5 Corinex Latest Developments
11.3 Coritech
11.3.1 Coritech Company Information
11.3.2 Coritech Vehicle to Grid Product Offered
11.3.3 Coritech Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.3.4 Coritech Main Business Overview
11.3.5 Coritech Latest Developments
11.4 EnBW
11.4.1 EnBW Company Information
11.4.2 EnBW Vehicle to Grid Product Offered
11.4.3 EnBW Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.4.4 EnBW Main Business Overview
11.4.5 EnBW Latest Developments
11.5 Endesa
11.5.1 Endesa Company Information
11.5.2 Endesa Vehicle to Grid Product Offered
11.5.3 Endesa Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.5.4 Endesa Main Business Overview
11.5.5 Endesa Latest Developments
11.6 EnerDel
11.6.1 EnerDel Company Information
11.6.2 EnerDel Vehicle to Grid Product Offered
11.6.3 EnerDel Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.6.4 EnerDel Main Business Overview
11.6.5 EnerDel Latest Developments
11.7 EV Grid
11.7.1 EV Grid Company Information
11.7.2 EV Grid Vehicle to Grid Product Offered
11.7.3 EV Grid Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.7.4 EV Grid Main Business Overview
11.7.5 EV Grid Latest Developments
11.8 Hitachi
11.8.1 Hitachi Company Information
11.8.2 Hitachi Vehicle to Grid Product Offered
11.8.3 Hitachi Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.8.4 Hitachi Main Business Overview
11.8.5 Hitachi Latest Developments
11.9 Next Energy
11.9.1 Next Energy Company Information
11.9.2 Next Energy Vehicle to Grid Product Offered
11.9.3 Next Energy Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.9.4 Next Energy Main Business Overview
11.9.5 Next Energy Latest Developments
11.10 NRG Energy
11.10.1 NRG Energy Company Information
11.10.2 NRG Energy Vehicle to Grid Product Offered
11.10.3 NRG Energy Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.10.4 NRG Energy Main Business Overview
11.10.5 NRG Energy Latest Developments
11.11 PG&E
11.11.1 PG&E Company Information
11.11.2 PG&E Vehicle to Grid Product Offered
11.11.3 PG&E Vehicle to Grid Revenue, Gross Margin and Market Share (2018-2023)
11.11.4 PG&E Main Business Overview
11.11.5 PG&E Latest Developments
12 Research Findings and Conclusion