๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
By technology, the power management segment is expected to register a significant growth during the forecast period.
By charging type, the bidirectional charging segment is projected to lead the global vehicle-to-grid (V2G) market.
By vehicle type, the battery electric vehicles segment is projected to lead the global vehicle-to-grid (V2G) market.
By component, the home energy management (HEM) segment is projected to lead the global vehicle-to-grid (V2G) market.
Region-wise, Europe is anticipated to register the highest CAGR during the forecast period.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ญ๐ก๐๐ญ ๐จ๐ฉ๐๐ซ๐๐ญ๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ฏ๐๐ก๐ข๐๐ฅ๐-๐ญ๐จ-๐ ๐ซ๐ข๐ (๐2๐) ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐ ABB, AC Propulsion, Inc., Boulder Electric Vehicle, Denso Corporation, Edison International, EnerDel, Inc., EV Grid, Inc., Fermata Energy, Hitachi, Ltd, Honda Motor Co., Ltd., Indra, Nissan Motor Corporation, NRG Energy, Inc., Nuvve Holding Corp., OVO Energy Ltd., Toyota Industries Corporation, and Wallbox Inc.
According to a new report published by Allied Market Research, titled, “Vehicle-To-Grid (V2G) Market,” The vehicle-to-grid (V2G) market was valued at $1.72 billion in 2021, and is estimated to reach $15.03 billion by 2031, growing at a CAGR of 25.3% from 2022 to 2031.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ-https://www.alliedmarketresearch.com/request-sample/8811
Europe dominated the market in terms of revenue, followed by North America, Asia-Pacific and LAMEA. China dominated the vehicle-to-grid (V2G) market in 2021, whereas India is expected to grow at a significant rate during the forecast period. The rapid growth of the electric vehicle charging infrastructure along with government subsidies and incentives related to electric vehicle fuels the growth of the V2G market across the globe.
There are prominent key factors that drive the growth of the vehicle-to-grid (V2G) market include increase in demand for electric vehicles, and government initiatives for development of electric vehicle charging infrastructure. The market economy is also responsible for the growth of the market. Countries such as China, India, Brazil, and South Africa are growing economies. Thus, the automotive sector witnessed prominent growth in these countries, which is expected to provide lucrative opportunities for the growth of the electric vehicle industry which in turn is expected fuel the growth of the market. Moreover, in some undeveloped countries, there is an increase in the investment in electric vehicle infrastructure, which is expected to boost the growth of the market.
The vehicle-to-grid (V2G) market is segmented on the basis of technology, charging type, vehicle type, component, and region. By technology, it is bifurcated into power management, and software. By charging type, it is fragmented into unidirectional charging, and bidirectional charging. By vehicle type, it is divided into battery electric vehicles, plug in hybrid electric vehicles, and fuel cell vehicles (FCVs). By component, it is classified into integrated electric vehicle supply equipment (EVSE), smart meters, home energy management (HEM), and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ-ย https://www.alliedmarketresearch.com/vehicle-to-grid-v2g-market/purchase-options
๐๐๐๐๐-19 ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โพThe COVID-19 pandemic has significantly disrupted the global economic activity, including the automotive market and the electric vehicle industry on a global level. The pandemic led to considerable drop in automotive sales, insufficiency of raw material, and others. Pandemic-related issues are aggravating port congestion, intermittent closures, and supplier delays.
โพAs a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, automotive production and sales suffered severely, which, in turn, negatively impacted the vehicle-to-grid (V2G) market in 2020.
โพMoreover, COVID-19 outbreak has resulted in disruptions for automotive industry in terms of manufacturing. The majority of OEMs have shut down their production and other essential operations during the pandemic. For instance, global EV sales decreased by 18% in 2020.
Moreover, some countries such as Canada, Japan and others witnessed drop in the figures as both the demand for new vehicles and their production was impacted severely.
โพThis impacted the revenue streams allocated towards the R&D and adoption of new technologies like vehicle-to-grid (V2G). However, the pandemic’s impact on the automotive industry with the growing vaccination numbers globally, is expected to come down gradually over the span of a couple of years. With the pandemic situation easing out, the automotive manufacture connected work business is expected to rebound back rapidly.
โพHowever, many countries, such as Germany, UK, Japan, the U.S., and most recently, New Zealand have joined the Electrical Vehicle Initiative (EVI). It is a multi-government policy opportunity dedicated to accelerating the introduction and adoption of electric vehicles and EV infrastructure. These developments are expected to fuel the vehicle-to-grid (V2G) market.
๐๐จ๐ง๐ญ๐๐๐ญ:
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