Press release
At A CAGR Of 33.7%, Global Vehicle Grid Integration Technologies Market Will Grow From 2016 - 2020
Market Research Report
Widespread electrification of the transportation sector has allowed the production of millions of EVs. These EVs have high potential to reduce greenhouse gas (GHG) emissions and other air pollutants. The process of integrating EVs with the grid to provide ancillary services to the grid is called V2G integration.
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.
Integrating vehicles into the grid requires technologies such as bidirectional chargers and communication and control systems, which enable a two-way flow of power between the vehicle and the grid.
Technavios analysts forecast the global vehicle grid integration technologies market to grow at a CAGR of 33.7% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global vehicle grid integration technologies market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Vehicle Grid Integration Technologies Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
AC Propulsion Inc.
Coritech Services Inc
Denso Corporation
Hitachi Ltd.
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Other prominent vendors
Autoport
BMW
Daimler
Honda
Kisensum
Market driver
Ability to meet peak electricity demand
For a full, detailed list, view our report
Market challenge
Costs associated with V2G infrastructure
For a full, detailed list, view our report
Market trend
Popularity of EVs and increase in government initiatives
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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