Vehicle to Grid Market Expand with Significant CAGR During 2019-2025
Vehicle-to-grid is a technology, which enables electric vehicles to be charged by connecting to the grid installed in different bases. The stored charge or power in the electric vehicles can be used for driving the car as well as it can be utilized for running the electric systems at offices and houses during power failure. The power stored within the electric vehicles through grid are capable of lighting the houses and offices. The power generated from various sources is distributed through the grid installed at houses or parking lots. The basic requirements for vehicle to grid are power connection, communication system and a metering system. The vehicle to grid systems helps in managing the loads generated and equally distributing it.
The global vehicle to grid market is primarily driven by the demand for environmental friendly power sources for vehicles and household purposes. The penetration of electric vehicles is attributed to the growth of vehicle to grid market. With the high power storage capacity batteries of electric vehicles the electric vehicles acts as a power storage facility which can be used in case of any electric power failure. Moreover, the vehicle-to-grid technology eliminates the traditional non-renewable source of energy such as petroleum and thermal power thus reducing the emissions. The electric vehicle owners can sell the electricity to utilities during a power failure.
In 2019, the market size of Vehicle to Grid is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
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In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Vehicle to Grid.
This report studies the global market size of Vehicle to Grid, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Vehicle to Grid production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
- AC Propulsion
- Coritech Services
- Denso
- Hitachi
- Autoport
- BMW
- Daimler
- Honda
- Kisensum
Market Segment by Product Type
- Drive System Technology
- Software And Communication Technology
Market Segment by Application
- Battery Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
Key Regions split in this report: breakdown data for each region.
- United States
- China
- European Union
- Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
- To analyze and research the Vehicle to Grid status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
- To present the key Vehicle to Grid manufacturers, presenting the sales, revenue, market share, and recent development for key players.
- To split the breakdown data by regions, type, companies and applications
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends, drivers, influence factors in global and regions
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
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