The global Vehicle to Grid (V2G) technology market size is expected to reach USD 20.82 Billion in 2032 and register a steady revenue CAGR of 25.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for Electric Vehicles (EVs) is a key factor driving market revenue growth. V2G is a system that allows various types of electric cars, such as Battery Electric Vehicles (BEVs), Fuel Cell Electric Vehicles (FCEVs), Plug-in Hybrid Electric Vehicles (PHEVs), and others, to interface with the power grid to provide demand response services by delivering two-way electricity exchange.. For instance, one case study revealed that a single V2G charger could potentially be able to help the business that installed it save up to USD 1,900 per year in power costs. According to an estimate by the Colorado Energy Office, each EV would generate USD 600 in benefits for utility consumers over the course of its lifespan with a V2G infrastructure.

The study on the Global Vehicle to Grid Technology Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Vehicle to Grid Technology market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Vehicle to Grid Technology industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Vehicle to Grid Technology industry.

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Competitive Outlook: The leading companies operating in the Vehicle to Grid Technology market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Vehicle to Grid Technology Market and Profiled in the Report are:

Wallbox USA Inc., NRG Energy, Inc., Boulder Electric Vehicle, Nissan Motor Co., Hitachi, Ltd., DENSO CORPORATION, TOYOTA INDUSTRIES CORPORATION, EnerDel, Edison International, and AC Propulsion, Inc.

Objectives of the Report:

Study of the global Vehicle to Grid Technology market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Vehicle to Grid Technology market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Vehicle to Grid Technology market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Vehicle to Grid Technology market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

• Vehicle Type Outlook (Revenue, USD Billion; 2019–2032)

  • Battery Electric Vehicles (BEVs)
  • Plug in Hybrid Electric Vehicles (PHEVs)
  • Fuel Cell Vehicles (FCVs)

• Components Outlook (Revenue, USD Billion; 2019–2032)

  • Electric Vehicle Supply Equipment (EVSE)
  • Smart Meters
  • Home Energy Management (HEM)
  • Others

• Technology Outlook (Revenue, USD Billion; 2019–2032)

  • Power Management
  • Software

Regional Analysis:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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