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Classified in: Oil industry, Transportation, Covid-19 virus
Subject: MRR

Global Vehicle-to-Grid Industry Outlook 2021-2026, Featuring Profiles of Key Players AC Propulsion, DENSO, EV Grid, Hitachi, NRG Energy, OVO Energy, and More

DUBLIN, Nov. 30, 2021 /PRNewswire/ -- The "Vehicle-to-Grid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

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The global vehicle-to-grid market grew at a CAGR of around 15% during 2015-2020. Looking forward, the global vehicle-to-grid market is expected to exhibit strong growth during the next five years.

The increasing utilization of smart power generation systems and the widespread adoption of autonomous vehicles, represent as the key factors driving the growth of the market. In comparison to the conventionally used internal combustion automobiles, hybrid and electric vehicles (H/EVs) operate more efficiently and have minimal fuel consumption. As a result, with the rising deployment of bidirectional charging stations, consumers can conveniently charge their vehicles and store excess energy for powering the grid.

Additionally, extensive innovations in the manufacturing processes of automobile batteries, is acting as another growth-inducing factor. Novel automobile batteries have a longer operational life and can sustain multiple charging cycles without deteriorating. Moreover, the advent of vehicle-to-everything (V2X) technology as an extension to V2G with a smaller size, lighter weight and simpler installation process, is also contributing to the market growth.

Other factors, including extensive infrastructural developments, along with the implementation of favorable government policies promoting smart grid projects, are anticipated to drive the market further.

Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global vehicle-to-grid market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on region, solution type, vehicle type, charging type and application.

Breakup by Solution Type

Breakup by Vehicle Type

Breakup by Charging Type

Breakup by Application

Breakup by Region

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

Key Questions Answered in the Report

For more information about this report visit https://www.researchandmarkets.com/r/hvky50

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