VGI/V2G/GIV/Vehicle Grid Integration Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast 2023 - 2030
A V2G system facilitates the flow of power between a power grid and electric drive vehicles such as battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), or fuel cell electric vehicle. These V2G systems also provide a network that helps the owner communicate with the power grid. In addition, the V2G technology provides demand response services to the power grid, enhancing the efficiency of the system while operating heavy loads.
According to the report, one driver in market is change in grid structure allowing decentralized power generation. The power system has undergone dramatic technical and institutional changes over the years. This has occurred due to the deregulation of the power industry, introduction of the smart grid, and the expansion of power generation resources that are connected to the grid. Energy policies in the majority of countries focus on the need for a clean, affordable, and reliable energy supply. This has resulted in power to be generated from low-carbon or no carbon fuels. Utilities and energy companies are making efforts to accommodate these fuels by changing the functioning of the grid. Traditional power grid had linear power generation, partial connection with its customers, and one-way communication. However, energy and utility companies are improving each part of the value chain by implementing new IT technology, which has made the grid smarter. Therefore, installing smart grid technology utilities will provide a higher level of transparency and control on the transmission and distribution of electricity.
The Global VGI/V2G/GIV/Vehicle Grid Integration Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023-2030.
As the report focuses on global VGI/V2G/GIV/Vehicle Grid Integration Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
AC Propulsion
Coritech Services
Denso
Hitachi
Autoport
BMW
Daimler
Ford Motor
Honda
Kisensum
Mitsubishi Motors
Nissan
Tesla Motors
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Drive System Technology
Software And Communication Technology
Equipment
In Market segmentation by applications :
Private Vehicle
Commcial Vehicle
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the VGI/V2G/GIV/Vehicle Grid Integration Market for the forecast period 2023-2030?
• What are the driving forces in the VGI/V2G/GIV/Vehicle Grid Integration Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the VGI/V2G/GIV/Vehicle Grid Integration industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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