Global VGI/V2G/GIV/Vehicle Grid Integration Market Size, Status and Forecast 2020-2026

In this report, the Global VGI/V2G/GIV/Vehicle Grid Integration market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global VGI/V2G/GIV/Vehicle Grid Integration market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.

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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.

According to the report, one driver in market is change in grid structure allowing decentralized power generation. The power system has undergone dramatic technical and institutional changes over the years. This has occurred due to the deregulation of the power industry, introduction of the smart grid, and the expansion of power generation resources that are connected to the grid. Energy policies in the majority of countries focus on the need for a clean, affordable, and reliable energy supply. This has resulted in power to be generated from low-carbon or no carbon fuels. Utilities and energy companies are making efforts to accommodate these fuels by changing the functioning of the grid. Traditional power grid had linear power generation, partial connection with its customers, and one-way communication. However, energy and utility companies are improving each part of the value chain by implementing new IT technology, which has made the grid smarter. Therefore, installing smart grid technology utilities will provide a higher level of transparency and control on the transmission and distribution of electricity. 

Market Analysis and Insights: Global VGI/V2G/GIV/Vehicle Grid Integration Market

The global VGI/V2G/GIV/Vehicle Grid Integration market size is projected to reach US$ XX million by 2026, from US$ XX million in 2020, at a CAGR of XX%% during 2021-2026.

Global VGI/V2G/GIV/Vehicle Grid Integration Scope and Market Size

VGI/V2G/GIV/Vehicle Grid Integration market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global VGI/V2G/GIV/Vehicle Grid Integration market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

The following players are covered in this report:

AC Propulsion

Coritech Services

Denso

Hitachi

Autoport

BMW

Daimler

Ford Motor

Honda

Kisensum

Mitsubishi Motors

Nissan

Tesla Motors

VGI/V2G/GIV/Vehicle Grid Integration Breakdown Data by Type

Drive System Technology

Software And Communication Technology

Equipment

VGI/V2G/GIV/Vehicle Grid Integration Breakdown Data by Application

Private Vehicle

Commcial Vehicle

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