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According to the latest report by IMARC Group,the global vehicle-to-grid market grew at a CAGR of around 15% during 2015-2020. <br>Vehicle-to-Grid (V2G) is an advanced technology that enables an electric vehicle (EV) to be charged or discharged by drawing electric power through parked electric automobiles.
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Global Vehicle-To-Grid Market Research Report and Forecast 2021-2026 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Vehicle-To-Grid Market Outlook 2026: According to the latest report by IMARC Group, titled "Vehicle-to-Grid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global vehicle-to-grid market grew at a CAGR of around 15% during 2015-2020. Vehicle-to-Grid (V2G) is an advanced technology that enables an electric vehicle (EV) to be charged or discharged by drawing electric power through parked electric automobiles. Its use either returns the electricity to the grid or throttles the charging rate of EVs during power failures based on several signals, such as energy production or consumption nearby. It can also be utilized to disperse energy storage for intermittent power usage when connected in large numbers. Its usage reduces dependency on petroleum and minimizes the overall fuel costs, which has contributed to its widespread prominence among the masses. Request for a free sample report: https://www.imarcgroup.com/vehicle-to-grid- market/requestsample
Report Description and Highlights Report Description Global Vehicle-To-Grid Market Trends: The global market is primarily driven by the increasing adoption of EVs and hybrid EVs. These automobiles reduce noxious emissions and the greenhouse effect, thereby improving the quality of the environment. An enhanced focus on sustainable development and the excellent fuel efficiency associated with the use of these vehicles have contributed to their widespread popularity. Coupled with the increase in the number of bidirectional electric automobile charging stations across the globe that allows vehicles to store excess energy for powering the grid, this is providing an impetus to the market growth. The market is also driven by the introduction of novel automobile batteries in the market that are characterized by a longer operational life. These batteries can efficiently sustain multiple charging cycles without deteriorating in quality, which, in turn, is creating a positive outlook for the market.
Report Description Report Description and Highlights They are also investing in the development of smart grid projects and the enhancement of the existing grid infrastructure. This is anticipated to propel the market growth further. Some of the other factors contributing to the market growth include the introduction of vehicle-to- everything (V2X) technology and the rising adoption of autonomous vehicles on the global level. Additionally, governments of numerous countries are providing incentives to catalyze the adoption of battery-powered vehicles among the masses. Market Summary: Breakup by Solution type: • Electric Vehicle Supply Equipment • Smart meters • Home Energy Management Systems • Software solutions. Breakup by charging type: • Unidirectional • Bidirectional charging
Report Description Report Description and Highlights Breakup by Vehicle Type: • Battery Electric Vehicle • Fuel Cell Electric Vehicle • Plug-In Hybrid Electric Vehicle Breakup by Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa Breakup by End-use: • Peak power sales • Spinning reserves • Base load power On account of the aforementioned factors, the market is anticipated to witness strong growth during 2021-2026.
Report Description and Highlights Report Description Competitive Landscape With Keyplayer: • AC Propulsion Inc. • Coritech Services Inc. • DENSO Corporation • Enerdel Inc. • ENGIE Group • EV Grid • Hitachi Ltd. • Nissan Motor Company Ltd. • NRG Energy Inc. • OVO Energy Ltd. View Report TOC, Figures and Tables : https://www.imarcgroup.com/vehicle-to-grid-market
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