Vehicle-To-Grid (V2G) market was valued at US$ 52 million in 2022 and is anticipated to reach US$ 1992.1 million by 2029, witnessing a CAGR of 83.5% - Valuates Reports

Vehicle-To-Grid (V2G) market was valued at US$ 52 million in 2022 and is anticipated to reach US$ 1992.1 million by 2029, witnessing a CAGR of 83.5% during the forecast period 2023-2029.

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Vehicle-to-grid, or V2G technology, is defined as a system that is capable of controlling the bidirectional flow of electricity between the vehicle and the grid. Electricity flows from the grid to the vehicle to charge the battery. Also, electricity can flow back from the vehicle to the grid when required. A majority of the time, electric vehicles are not in use. During this idle time, the batteries of these vehicles can be utilized for supplying electricity back to the grid.
Since the V2G technology has only been commercialized in 2020, and has not yet been commercialized on a large scale, the report predicts and analyses revenue data for 2020-2030
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global vehicle-to-grid (V2G) key players include NUVVE, Enel Energia , Moixa, E.ON, The Mobility House, etc. Global top 5 players hold a share about 87%.
Europe is the largest market, with a share about 45%, followed by Asia-Pacific and North America, having a total share about 50 percent.
In terms of product, unidirectional V2G is the largest segment, with a share about 72%. And in terms of application, the largest application is battery electric vehicles, followed by plug-in hybrid electric vehicles, fuel cell vehicles.

This report aims to provide a comprehensive presentation of the global market for Vehicle-To-Grid (V2G), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Vehicle-To-Grid (V2G).
The Vehicle-To-Grid (V2G) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Vehicle-To-Grid (V2G) market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Vehicle-To-Grid (V2G) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
Unidirectional V2G
Bidirectional V2G

Segment by Application
Battery Electric Vehicles
Plug-In Hybrid Electric Vehicles
Fuel Cell Vehicles

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