As per Intent Market Research, the Vehicle to Grid Technology Market was valued at USD 3.0 billion in 2023-e and will surpass USD 12.2 billion by 2030; growing at a CAGR of 22.2% during 2024 - 2030.
The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. This information is essential for developing effective marketing strategies and creating products or services that meet the needs of the target market. The report also covers a detailed analysis of the competitive landscape which includes major players, their recent developments, growth strategies, product benchmarking, and manufacturing operations among others. Also, brief insights on start-up ecosystem and emerging companies is also included as part of this report.
The report will help you answer some of the most critical questions in the Vehicle to Grid Technology Market. A few of them are as follows:
Report Features |
Description |
Market Size (2023-e) |
USD 3.0 billion |
Forecasted Value (2030) |
USD 12.2 billion |
CAGR (2024-2030) |
22.2% |
Base Year for Estimation |
2023-e |
Historic Year |
2022 |
Forecast Period |
2024-2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Vehicle to Grid Technology Market By Component (Smart Meter, Software Solutions, Home Energy Management, EVSE), By Charging Type (Uni-directional, Bi-directional), By Vehicle Type (FCV, BEV, PHEV), By Application (Commercial, Domestic) |
Regional Analysis |
North America (US, Canada), Europe (Germany, France, UK, Spain, Italy & Rest of Europe), Asia Pacific (China, Japan, South Korea, India, and rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, & Rest of Latin America), Middle East & Africa (Saudi Arabia, South Africa, Turkey, UAE, & Rest of MEA) |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
1.Introduction |
1.1.Market Definition |
1.2.Scope of the Study |
1.3.Research Assumptions |
1.4.Study Limitations |
2. Research Methodology |
2.1.Research Approach |
2.1.1.Top-Down Method |
2.1.2.Bottom-Up Method |
2.1.3.Factor Impact Analysis |
2.2.Insights & Data Collection Process |
2.2.1.Secondary Research |
2.2.2.Primary Research |
2.3.Data Mining Process |
2.3.1.Data Analysis |
2.3.2.Data Validation and Revalidation |
2.3.3.Data Triangulation |
3. Executive Summary |
3.1.Major Markets & Segments |
3.2.Highest Growing Regions and Respective Countries |
3.3.Impact of Growth Drivers & Inhibitors |
3.4.Regulatory Overview by Country |
4. Vehicle to Grid Technology Market, by Component (Market Size & Forecast: USD Billion, 2024 – 2030) |
4.1.Smart Meter |
4.2.Software Solutions |
4.3.Home Energy Management |
4.4.Electric vehicle Supply Equipment (EVSE) |
5. Vehicle to Grid Technology Market, by Charging Type (Market Size & Forecast: USD Billion, 2024 – 2030) |
5.1.Uni-directional |
5.2.Bi-directional |
6. Vehicle to Grid Technology Market, by Vehicle Type (Market Size & Forecast: USD Billion, 2024 – 2030) |
6.1.Plug-in Hybrid Electric Vehicle |
6.2.Fuel Cell Vehicle |
6.3.Battery Electric vehicle |
7. Vehicle to Grid Technology Market, by Application (Market Size & Forecast: USD Billion, 2024 – 2030) |
7.1.Commercial |
7.2.Domestic |
8. Regional Analysis (Market Size & Forecast: USD Billion, 2024 – 2030) |
8.1.Regional Overview |
8.2.North America |
8.2.1.Regional Trends & Growth Drivers |
8.2.2.Barriers & Challenges |
8.2.3.Opportunities |
8.2.4.Factor Impact Analysis |
8.2.5.Technology Trends |
8.2.6.North America Vehicle to Grid Technology Market, by Component |
8.2.7.North America Vehicle to Grid Technology Market, by Charging Type |
8.2.8.North America Vehicle to Grid Technology Market, by Vehicle Type |
8.2.9.North America Vehicle to Grid Technology Market, by Application |
*Similar Segmentation will be provided at each regional level |
8.3.By Country |
8.3.1.US |
8.3.1.1.US Vehicle to Grid Technology Market, by Component |
8.3.1.2.US Vehicle to Grid Technology Market, by Charging Type |
8.3.1.3.US Vehicle to Grid Technology Market, by Vehicle Type |
8.3.1.4.US Vehicle to Grid Technology Market, by Application |
8.3.2.Canada |
*Similar Segmentation will be provided at each regional and country level |
8.4.Europe |
8.5.APAC |
8.6.Latin America |
8.7.Middle East & Africa |
9. Competitive Landscape |
9.1.Overview of the Key Players |
9.2.Competitive Ecosystem |
9.2.1.Platform Manufacturers |
9.2.2.Subsystem Manufacturers |
9.2.3.Service Providers |
9.2.4.Software Providers |
9.3.Company Share Analysis |
9.4.Company Benchmarking Matrix |
9.4.1.Strategic Overview |
9.4.2.Product Innovations |
9.5.Start-up Ecosystem |
9.6.Strategic Competitive Insights/ Customer Imperatives |
9.7.ESG Matrix/ Sustainability Matrix |
9.8.Manufacturing Network |
9.8.1.Locations |
9.8.2.Supply Chain and Logistics |
9.8.3.Product Flexibility/Customization |
9.8.4.Digital Transformation and Connectivity |
9.8.5.Environmental and Regulatory Compliance |
9.9.Technology Readiness Level Matrix |
9.10.Technology Maturity Curve |
9.11.Buying Criteria |
10.Company Profiles |
10.1.ABB |
10.1.1.Company Overview |
10.1.2.Company Financials |
10.1.3.Product/Service Portfolio |
10.1.4.Recent Developments |
10.1.5.IMR Analysis |
*Similar information will be provided for other companies |
10.2.Denso |
10.3.Engie |
10.4.Hitachi |
10.5.Mitsubishi |
10.6.Nissan Motor |
10.7.Wallbox |
10.8.Honda Motor |
10.9.Edison International |
10.10.NRG Energy |
11.Appendix |
A comprehensive market research approach was employed to gather and analyse data on the Vehicle to Grid Technology Market. In the process, the analysis was also done to estimate the parent market and relevant adjacencies to major the impact of them on the Vehicle to Grid Technology Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the automotive sensors ecosystem. The primary research objectives included:
A combination of top-down and bottom-up approaches was utilized to estimate the overall size of the Vehicle to Grid Technology Market. These methods were also employed to estimate the size of various subsegments within the market. The market size estimation methodology encompassed the following steps:
To ensure the accuracy and reliability of the market size estimates, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size estimates.