Product Code: GVR-4-68040-455-2
Vehicle-to-grid Technology Market Trends:
The global vehicle-to-grid technology market size was estimated at USD 3,450.14 million in 2023 and is projected to grow at a CAGR of 26.62% from 2024 to 2030. The market is experiencing robust growth driven by several key factors. Firstly, the increasing adoption of electric vehicles (EVs) is a major catalyst, as more consumers and businesses transition to EVs, creating a larger pool of vehicles capable of bidirectional energy flow. This technology allows EVs to not only draw power from the grid but also return excess energy, enhancing grid stability and efficiency.
The potential for EV owners to generate income by selling stored energy back to the grid adds an attractive financial incentive, making vehicle-to-grid (V2G) systems appealing to both individuals and businesses. Moreover, advancements in battery technology and smart grid infrastructure are facilitating the implementation of V2G solutions, paving the way for a more sustainable energy future. Overall, the convergence of these factors positions vehicle-to-grid (V2G) technology as a critical component in the evolution of energy management systems.
Global Vehicle-to-grid Technology Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global vehicle-to-grid technology market report based on the vehicle type, component, application, and region:
- Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)
- BEVs
- PHEVs
- FCVs
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Smart Meters
- Electric Vehicle Supply Equipment (EVSE)
- Home Energy Management
- Software Solutions
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Domestic
- Commercial
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- Italy
- Spain
- France
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Projects & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023 (USD Million)
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Vehicle-to-Grid Technology Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospects Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliances
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Business Environment Analysis
- 3.6.1. Industry analysis - porter's five forces analysis
- 3.6.2. Industry analysis - Pestle analysis
Chapter 4. Vehicle-to-Grid Technology Market: Vehicle Type Estimates & Trend Analysis
- 4.1. Vehicle Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. BEVs
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. PHEVs
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. FCVs
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Vehicle-to-Grid Technology Market: Component Estimates & Trend Analysis
- 5.1. Component Movement Analysis & Market Share, 2023 & 2030
- 5.2. Smart Meters
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Electric Vehicle Supply Equipment (EVSE)
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Home Energy Management
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Software Solutions
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Vehicle-to-Grid Technology Market: Application Estimates & Trend Analysis
- 6.1. Application Movement Analysis & Market Share, 2023 & 2030
- 6.2. Domestic
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3. Commercial
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Vehicle-to-Grid Technology Market: Regional Estimates & Trend Analysis
- 7.1. Key Takeaways
- 7.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.3.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.3.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.5. U.S.
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.3.5.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.3.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.6. Canada
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.3.6.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.3.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.3.7. Mexico
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.3.7.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.3.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4. Europe
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.1.1. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.1.2. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.4.1.3. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.2. Germany
- 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.2.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.2.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.4.2.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.3. U.K.
- 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.3.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.3.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.4.3.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.4. France
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.4.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.4.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.4.4.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.5. Italy
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.5.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.4.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.6. Spain
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.6.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.4.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.4.7. Russia
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.4.7.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.4.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5. Asia Pacific
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.5. China
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.5.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.5.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.6. India
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.6.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.5.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.7. Japan
- 7.5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.7.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.5.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.5.8. Australia
- 7.5.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5.8.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.5.8.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.5.8.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.6. Central & South America
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.6.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.6.5. Brazil
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.6.5.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.6.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.6.6. Argentina
- 7.6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.6.6.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.6.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7. Middle East & Africa
- 7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.7.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7.5. Saudi Arabia
- 7.7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.5.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.7.5.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.7.5.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7.6. South Africa
- 7.7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.6.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.7.6.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.7.6.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
- 7.7.7. UAE
- 7.7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.7.7.2. Market estimates and forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 7.7.7.3. Market estimates and forecasts, by Component, 2018 - 2030 (USD Million)
- 7.7.7.4. Market estimates and forecasts, by Application, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Key Players & Recent Developments & Their Impact on the Industry
- 8.2. Key Company/Competition Categorization (Key innovators, Market leaders, emerging players)
- 8.3. List of key Component Suppliers and Channel Partners
- 8.4. Company Market Share & Position Analysis, 2023
- 8.5. Company Heat Map Analysis
- 8.6. Competitive Dashboard Analysis
- 8.7. Strategy Mapping
- 8.7.1. Expansion
- 8.7.2. Collaboration/ Partnerships/ Agreements
- 8.7.3. New Vehicle Type launches
- 8.7.4. Mergers & Acquisitions
- 8.7.5. Research & Development
- 8.7.6. Others
- 8.8. Company Listing / Profiles
- 8.8.1. Hitachi Ltd.
- 8.8.1.1. Company Overview
- 8.8.1.2. Financial Performance
- 8.8.1.3. Product Benchmarking
- 8.8.2. Honda Motor Co., Ltd.
- 8.8.3. Mitsubishi Motors Corporation
- 8.8.4. Nissan Motor Corporation
- 8.8.5. NRG Energy Inc.
- 8.8.6. ABB Ltd.
- 8.8.7. AC Propulsion, Inc.
- 8.8.8. Denso Corporation
- 8.8.9. Edison International
- 8.8.10. Engie Group
- 8.8.11. Groupe Renault
- 8.8.12. NRG Energy Inc.
- 8.8.13. Nuvve Corporation
- 8.8.14. OVO Energy Ltd.
- 8.8.15. Toyota Shokki