The global Vehicle to Grid (V2G) technology market size is expected to reach USD 20.82 Billion in 2032 and register a steady revenue CAGR of 25.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for Electric Vehicles (EVs) is a key factor driving market revenue growth. V2G is a system that allows various types of electric cars, such as Battery Electric Vehicles (BEVs), Fuel Cell Electric Vehicles (FCEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and others, to interface with the power grid to provide demand response services by delivering two-way electricity exchange.. For instance, one case study revealed that a single V2G charger could potentially be able to help the business that installed it save up to USD 1,900 per year in power costs. According to an estimate by the Colorado Energy Office, each EV would generate USD 600 in benefits for utility consumers over the course of its lifespan with a V2G infrastructure.
The latest and updated research report on the Global Vehicle to Grid Technology Market covers a comprehensive overview of the Vehicle to Grid Technology market, future economic condition, competitive landscape mapping, supply and demand trends, and production and consumption analysis. The report also covers the influence of the COVID-19 pandemic on the Vehicle to Grid Technology market. The pandemic has dynamically affected all aspects of life on a global scale along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with present and future assessment of the COVID-19 impact. The report encompasses the historical data, company overview, financial standing, and necessary information about the new and key players of the market.
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Competitive Outlook: The leading companies operating in the Vehicle to Grid Technology market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Vehicle to Grid Technology Market and Profiled in the Report are:
Wallbox USA Inc., NRG Energy, Inc., Boulder Electric Vehicle, Nissan Motor Co., Hitachi, Ltd., DENSO CORPORATION, TOYOTA INDUSTRIES CORPORATION, EnerDel, Edison International, and AC Propulsion, Inc.
Objectives of the Report:
Study of the global Vehicle to Grid Technology market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Vehicle to Grid Technology market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Vehicle to Grid Technology market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Vehicle to Grid Technology market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
- Vehicle Type Outlook (Revenue, USD Billion; 2019–2032)
- Battery Electric Vehicles (BEVs)
- Plug in Hybrid Electric Vehicles (PHEVs)
- Fuel Cell Vehicles (FCVs)
- Components Outlook (Revenue, USD Billion; 2019–2032)
- Electric Vehicle Supply Equipment (EVSE)
- Smart Meters
- Home Energy Management (HEM)
- Others
- Technology Outlook (Revenue, USD Billion; 2019–2032)
- Power Management
- Software
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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