Vehicle-to-grid, or V2G technology, is defined as a system that is capable of controlling the bidirectional flow of electricity between the vehicle and the grid. Electricity flows from the grid to the vehicle to charge the battery. Also, electricity can flow back from the vehicle to the grid when required. A majority of the time, electric vehicles are not in use. During this idle time, the batteries of these vehicles can be utilized for supplying electricity back to the grid.
Since the V2G technology has only been commercialized in 2020, and has not yet been commercialized on a large scale, the report predicts and analyses revenue data for 2020-2030
This report contains market size and forecasts of Vehicle-To-Grid (V2G) in Global, including the following market information:
Global Vehicle-To-Grid (V2G) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Vehicle-To-Grid (V2G) market was valued at 33 million in 2021 and is projected to reach US$ 2008.7 million by 2028, at a CAGR of 79.9% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Unidirectional V2G Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Vehicle-To-Grid (V2G) include NUVVE, Enel Energia, Moixa, E.ON, The Mobility House, Tennet, Fermata Energy, KEPCO and EDF Energy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Vehicle-To-Grid (V2G) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Vehicle-To-Grid (V2G) Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Vehicle-To-Grid (V2G) Market Segment Percentages, by Type, 2021 (%)
Unidirectional V2G
Bidirectional V2G
Global Vehicle-To-Grid (V2G) Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Vehicle-To-Grid (V2G) Market Segment Percentages, by Application, 2021 (%)
Battery Electric Vehicles
Plug-In Hybrid Electric Vehicles
Fuel Cell Vehicles
Global Vehicle-To-Grid (V2G) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Vehicle-To-Grid (V2G) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Vehicle-To-Grid (V2G) revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Vehicle-To-Grid (V2G) revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
NUVVE
Enel Energia
Moixa
E.ON
The Mobility House
Tennet
Fermata Energy
KEPCO
EDF Energy
Tokyo Electric Power
ActewAGL