Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Vehicle-to-Grid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global vehicle-to-grid market grew at a CAGR of around 15% during 2015-2020. Vehicle-to-Grid (V2G) refers to an advanced smart charging technology that transfers energy from the battery of an electric vehicle (EV) to the power grid or vice-versa. The V2G technology involves drawing unused power from the battery and transferring it to the smart grid for providing electricity during peak hours or power failures. It also acts as an additional or secondary source of power when weather-dependent renewable energy resources are not available. It is also a sustainable and cost-effective source of energy with zero-carbon emissions and can be used with plug-in EVs, battery EVs and plug-in hybrid or hydrogen cell EVs.

The increasing utilization of smart power generation systems and the widespread adoption of autonomous vehicles, represent as the key factors driving the growth of the market. In comparison to the conventionally used internal combustion automobiles, hybrid and electric vehicles (H/EVs) operate more efficiently and have minimal fuel consumption. As a result, with the rising deployment of bidirectional charging stations, consumers can conveniently charge their vehicles and store excess energy for powering the grid. Additionally, extensive innovations in the manufacturing processes of automobile batteries, is acting as another growth-inducing factor. Novel automobile batteries have a longer operational life and can sustain multiple charging cycles without deteriorating. Moreover, the advent of vehicle-to-everything (V2X) technology as an extension to V2G with a smaller size, lighter weight and simpler installation process, is also contributing to the market growth. Other factors, including extensive infrastructural developments, along with the implementation of favorable government policies promoting smart grid projects, are anticipated to drive the market further. Looking forward, IMARC Group expects the global vehicle-to-grid market to exhibit strong growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vehicle-to-grid market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, solution type, vehicle type, charging type and application.

Breakup by Solution Type:

  • Electric Vehicle Supply Equipment (EVSE)
  • Smart Meters
  • Home Energy Management (HEM) Systems
  • Software Solutions
     

Breakup by Vehicle Type:

  • Battery Electric Vehicle (BEV)
  • Fuel Cell Electric Vehicle (FCEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)
     

Breakup by Charging Type:

  • Unidirectional Charging
  • Bidirectional Charging
     

Breakup by Application:

  • Peak Power Sales
  • Spinning Reserves
  • Base Load Power
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AC Propulsion Inc., Coritech Services Inc., DENSO Corporation, Enerdel Inc., ENGIE Group, EV Grid, Hitachi Ltd., Nissan Motor Company Ltd., NRG Energy Inc. and OVO Energy Ltd.

Key Questions Answered in This Report:

  • How has the global vehicle-to-grid market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global vehicle-to-grid market?
  • What are the key regional markets?
  • What is the breakup of the market based on the solution type?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the charging type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global vehicle-to-grid market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology

    2.1   Objectives of the Study
    2.2   Stakeholders
    2.3   Data Sources
        2.3.1   Primary Sources
        2.3.2   Secondary Sources
    2.4   Market Estimation
        2.4.1   Bottom-Up Approach
        2.4.2   Top-Down Approach
    2.5   Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1   Overview
    4.2   Key Industry Trends
5   Global Vehicle-to-Grid Market
    5.1   Market Overview
    5.2   Market Performance
    5.3   Impact of COVID-19
    5.4   Market Forecast
6    Market Breakup by Solution Type
     6.1   Electric Vehicle Supply Equipment (EVSE)
        6.1.1  Market Trends
        6.1.2  Market Forecast
     6.2   Smart Meters
        6.2.1  Market Trends
        6.2.2  Market Forecast
     6.3   Home Energy Management (HEM) Systems
        6.3.1  Market Trends
        6.3.2  Market Forecast
     6.4   Software Solutions
        6.4.1  Market Trends
        6.4.2  Market Forecast
7    Market Breakup by Vehicle Type
     7.1   Battery Electric Vehicle (BEV)
        7.1.1  Market Trends
        7.1.2  Market Forecast
     7.2   Fuel Cell Electric Vehicle (FCEV)
        7.2.1  Market Trends
        7.2.2  Market Forecast
     7.3   Plug-In Hybrid Electric Vehicle (PHEV)
        7.3.1  Market Trends
        7.3.2  Market Forecast
8    Market Breakup by Charging Type
     8.1   Unidirectional Charging
        8.1.1  Market Trends
        8.1.2  Market Forecast
     8.2   Bidirectional Charging
        8.2.1  Market Trends
        8.2.2  Market Forecast
9    Market Breakup by Application
     9.1   Peak Power Sales
        9.1.1  Market Trends
        9.1.2  Market Forecast
     9.2   Spinning Reserves
        9.2.1  Market Trends
        9.2.2  Market Forecast
     9.3   Base Load Power
        9.3.1  Market Trends
        9.3.2  Market Forecast
     9.4   Others
        9.4.1  Market Trends
        9.4.2  Market Forecast
10    Market Breakup by Region
     10.1   North America
          10.1.1   United States
               10.1.1.1  Market Trends
               10.1.1.2  Market Forecast
          10.1.2   Canada
               10.1.2.1  Market Trends
               10.1.2.2  Market Forecast
     10.2   Asia-Pacific
          10.2.1   China
               10.2.1.1  Market Trends
               10.2.1.2  Market Forecast
          10.2.2   Japan
               10.2.2.1  Market Trends
               10.2.2.2  Market Forecast
          10.2.3   India
               10.2.3.1  Market Trends
               10.2.3.2  Market Forecast
          10.2.4   South Korea
               10.2.4.1  Market Trends
               10.2.4.2  Market Forecast
          10.2.5   Australia
               10.2.5.1  Market Trends
               10.2.5.2  Market Forecast
          10.2.6   Indonesia
               10.2.6.1  Market Trends
               10.2.6.2  Market Forecast
          10.2.7   Others
               10.2.7.1  Market Trends
               10.2.7.2  Market Forecast
     10.3   Europe
          10.3.1   Germany
               10.3.1.1  Market Trends
               10.3.1.2  Market Forecast
          10.3.2   France
               10.3.2.1  Market Trends
               10.3.2.2  Market Forecast
          10.3.3   United Kingdom
               10.3.3.1  Market Trends
               10.3.3.2  Market Forecast
          10.3.4   Italy
               10.3.4.1  Market Trends
               10.3.4.2  Market Forecast
          10.3.5   Spain
               10.3.5.1  Market Trends
               10.3.5.2  Market Forecast
          10.3.6   Russia
               10.3.6.1  Market Trends
               10.3.6.2  Market Forecast
          10.3.7   Others
               10.3.7.1  Market Trends
               10.3.7.2  Market Forecast
     10.4   Latin America
          10.4.1   Brazil
               10.4.1.1  Market Trends
               10.4.1.2  Market Forecast
          10.4.2   Mexico
               10.4.2.1  Market Trends
               10.4.2.2  Market Forecast
          10.4.3   Others
               10.4.3.1  Market Trends
               10.4.3.2  Market Forecast
     10.5   Middle East and Africa
          10.5.1  Market Trends
          10.5.2  Market Breakup by Country
          10.5.3  Market Forecast
11    SWOT Analysis
    11.1   Overview
    11.2   Strengths
    11.3   Weaknesses
    11.4   Opportunities
    11.5   Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1   Overview
    13.2   Bargaining Power of Buyers
    13.3   Bargaining Power of Suppliers
    13.4   Degree of Competition
    13.5   Threat of New Entrants
    13.6   Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1   Market Structure
    15.2   Key Players
    15.3   Profiles of Key Players
         15.3.1   AC Propulsion Inc.
              15.3.1.1   Company Overview
              15.3.1.2   Product Portfolio
         15.3.2   Coritech Services Inc.
              15.3.2.1   Company Overview
              15.3.2.2   Product Portfolio
         15.3.3   DENSO Corporation
              15.3.3.1   Company Overview
              15.3.3.2   Product Portfolio
              15.3.3.3   Financials
              15.3.3.4   SWOT Analysis
         15.3.4   Enerdel Inc.
              15.3.4.1   Company Overview
              15.3.4.2   Product Portfolio
         15.3.5   ENGIE Group
              15.3.5.1   Company Overview
              15.3.5.2   Product Portfolio
              15.3.5.3   Financials
              15.3.5.4   SWOT Analysis
         15.3.6   EV Grid
              15.3.6.1   Company Overview
              15.3.6.2   Product Portfolio
         15.3.7   Hitachi Ltd.
              15.3.7.1   Company Overview
              15.3.7.2   Product Portfolio
              15.3.7.3   Financials
              15.3.7.4   SWOT Analysis
         15.3.8   Nissan Motor Company Ltd.
              15.3.8.1   Company Overview
              15.3.8.2   Product Portfolio
              15.3.8.3   Financials
              15.3.8.4   SWOT Analysis
         15.3.9   NRG Energy Inc.
              15.3.9.1   Company Overview
              15.3.9.2   Product Portfolio
              15.3.9.3   Financials
              15.3.9.4   SWOT Analysis
         15.3.10   OVO Energy Ltd.
              15.3.10.1   Company Overview
              15.3.10.2   Product Portfolio
              15.3.10.3   Financials

List of Figures

Figure 1: Global: Vehicle-to-Grid Market: Major Drivers and Challenges
Figure 2: Global: Vehicle-to-Grid Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Vehicle-to-Grid Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Vehicle-to-Grid Market: Breakup by Solution Type (in %), 2020
Figure 5: Global: Vehicle-to-Grid Market: Breakup by Vehicle Type (in %), 2020
Figure 6: Global: Vehicle-to-Grid Market: Breakup by Charging Type (in %), 2020
Figure 7: Global: Vehicle-to-Grid Market: Breakup by Application (in %), 2020
Figure 8: Global: Vehicle-to-Grid (Electric Vehicle Supply Equipment (EVSE)) Market: Sales Value (in Million US$), 2015-2020
Figure 9: Global: Vehicle-to-Grid (Electric Vehicle Supply Equipment (EVSE)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Vehicle-to-Grid (Smart Meters) Market: Sales Value (in Million US$), 2015-2020
Figure 11: Global: Vehicle-to-Grid (Smart Meters) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Vehicle-to-Grid (Home Energy Management (HEM) Systems) Market: Sales Value (in Million US$), 2015-2020
Figure 13: Global: Vehicle-to-Grid (Home Energy Management (HEM) Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Vehicle-to-Grid (Software Solutions) Market: Sales Value (in Million US$), 2015-2020
Figure 15: Global: Vehicle-to-Grid (Software Solutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Vehicle-to-Grid (Battery Electric Vehicle (BEV)) Market: Sales Value (in Million US$), 2015-2020
Figure 17: Global: Vehicle-to-Grid (Battery Electric Vehicle (BEV)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Vehicle-to-Grid (Fuel Cell Electric Vehicle (FCEV)) Market: Sales Value (in Million US$), 2015-2020
Figure 19: Global: Vehicle-to-Grid (Fuel Cell Electric Vehicle (FCEV)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Vehicle-to-Grid (Plug-In Hybrid Electric Vehicle (PHEV)) Market: Sales Value (in Million US$), 2015-2020
Figure 21: Global: Vehicle-to-Grid (Plug-In Hybrid Electric Vehicle (PHEV)) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Vehicle-to-Grid (Unidirectional Charging) Market: Sales Value (in Million US$), 2015-2020
Figure 23: Global: Vehicle-to-Grid (Unidirectional Charging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Vehicle-to-Grid (Bidirectional Charging) Market: Sales Value (in Million US$), 2015-2020
Figure 25: Global: Vehicle-to-Grid (Bidirectional Charging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Vehicle-to-Grid (Peak Power Sales) Market: Sales Value (in Million US$), 2015-2020
Figure 27: Global: Vehicle-to-Grid (Peak Power Sales) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Vehicle-to-Grid (Spinning Reserves) Market: Sales Value (in Million US$), 2015-2020
Figure 29: Global: Vehicle-to-Grid (Spinning Reserves) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Vehicle-to-Grid (Base Load Power) Market: Sales Value (in Million US$), 2015-2020
Figure 31: Global: Vehicle-to-Grid (Base Load Power) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Vehicle-to-Grid (Others) Market: Sales Value (in Million US$), 2015-2020
Figure 33: Global: Vehicle-to-Grid (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: North America: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 35: North America: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: North America: Vehicle-to-Grid Market: Breakup by Country (in %), 2020
Figure 37: United States: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 38: United States: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Canada: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 40: Canada: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Asia-Pacific: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 42: Asia-Pacific: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Asia-Pacific: Vehicle-to-Grid Market: Breakup by Country (in %), 2020
Figure 44: China: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 45: China: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Japan: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 47: Japan: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: India: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 49: India: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: South Korea: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 51: South Korea: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Australia: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 53: Australia: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Indonesia: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 55: Indonesia: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Others: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 57: Others: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 59: Europe: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Europe: Vehicle-to-Grid Market: Breakup by Country (in %), 2020
Figure 61: Germany: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 62: Germany: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: France: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 64: France: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: United Kingdom: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 66: United Kingdom: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Italy: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 68: Italy: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Spain: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 70: Spain: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Russia: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 72: Russia: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Others: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 74: Others: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Latin America: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 76: Latin America: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Latin America: Vehicle-to-Grid Market: Breakup by Country (in %), 2020
Figure 78: Brazil: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 79: Brazil: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Mexico: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 81: Mexico: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Others: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 83: Others: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Middle East and Africa: Vehicle-to-Grid Market: Sales Value (in Million US$), 2015-2020
Figure 85: Middle East and Africa: Vehicle-to-Grid Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Middle East and Africa: Vehicle-to-Grid Market: Breakup by Country (in %), 2020
Figure 87: Global: Vehicle-to-Grid Industry: SWOT Analysis
Figure 88: Global: Vehicle-to-Grid Industry: Value Chain Analysis
Figure 89: Global: Vehicle-to-Grid Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Vehicle-to-Grid Market: Key Industry Highlights, 2021 and 2026
Table 2: Global: Vehicle-to-Grid Market Forecast: Breakup by Solution Type (in Million US$), 2021-2026
Table 3: Global: Vehicle-to-Grid Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 4: Global: Vehicle-to-Grid Market Forecast: Breakup by Charging Type (in Million US$), 2021-2026
Table 5: Global: Vehicle-to-Grid Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: Global: Vehicle-to-Grid Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Vehicle-to-Grid Market: Competitive Structure
Table 8: Global: Vehicle-to-Grid Market: Key Players

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links