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.
GET EXCLUSIVE SAMPLE COPY OF THIS REPORT HERE @
https://www.emergenresearch.com/request-sample/2182The report further divides the Vehicle to Grid Technology Market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Vehicle to Grid Technology Market
Key players in the market :
Some major companies in the global market report include 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.
Covid 19 impact analysis :
The report considers the COVID-19 pandemic that is currently unfolding as a key market influencer. The report provides a thorough estimation of the overall impact of the pandemic on the Vehicle to Grid Technology Market nd its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Vehicle to Grid Technology Market
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Vehicle to Grid Technology Market Segmentation
Emergen Research has segmented the global vehicle to grid technology market on the basis of vehicle type, components, technology, charging type, and region:
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
Charging Type Outlook (Revenue, USD Billion; 2019–2032)
Unidirectional Charging
Bidirectional Charging
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Vehicle to Grid Technology Market Regional SegmentationNorth 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)
Key Questions Answered by the Vehicle to Grid Technology Market Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Vehicle to Grid Technology Market market?
What are the key product types and applications of the Vehicle to Grid Technology Market industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Vehicle to Grid Technology Market market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Vehicle to Grid Technology Market Market by 2027?
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https://www.emergenresearch.com/industry-report/medical-equipment-cooling-marketAbout 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.
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