Market Insights and Analysis: Vehicle-To-Grid (V2G) System Market Overview and Projections (2023-2028)
The Global Vehicle-To-Grid (V2G) System Market size is valued at around USD 4.8 billion in 2024 and is estimated to grow at a CAGR of around 24.52% during the forecast period, i.e., 2023-28.
Top leading companies in the Vehicle-To-Grid (V2G) System Market includes:
Toyota Tusho Corporation, ABB, Virta, Enel X Way, Edison International, Hitachi Energy Ltd., OVO Energy Ltd., The Mobility House GmbH, Denso Corporation, Nuvve Holding Corporation., Sono Motors, Aptive, IOTECHA, WiTrcity Corporation, Wallbox Chargers S.L, and Others
Industry Recent Development:
- In 2023, Virta Ltd secures USD 93.33M funding to expand charging transactions by over fivefold in Europe and Asia-Pacific by 2025.
- In 2022, Toyota collaborated with Oncor Electric Delivery to explore the benefits of vehicle-to-grid (V2G) EV technology for drivers and the grid.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Technology
-Charging System
-Software
By Charger Type
-AC
-DC
-AC + DC
- DC ChaDeMo charging type is dominating the Global V2G system market recent years owing to their early adoption, high power output capabilities, and compatibility.
By Ownership
-Private
-Public
By End User
-Individuals
-Charging Station Owners
-Utility Operators
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Vehicle-To-Grid (V2G) System Market Geographic Reach:
The Geographic Reach of the Vehicle-To-Grid (V2G) System Market evaluates the spread and significance of Vehicle-To-Grid (V2G) System market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: The US, Canada, Mexico
- Europe: Germany, The UK, France, The Netherlands, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, Australia, South Korea, Rest of Asia-Pacific
- South America: Brazil, Rest of South America
- Middle East & Africa: The UAE, South Africa, Rest of the Middle East & Africa
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