Global Vehicle to Grid (V2G) Market to Grow by $5B Over 2020-2024 – Regional Insights by Technology – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "Global Vehicle to Grid Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The global vehicle to grid market is poised to grow by $5.01 billion during 2020-2024, progressing at a CAGR of 14% during the forecast period.
The report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by the change in grid structure allowing decentralized power generation, ability to meet peak electricity demands, and improvements in EV battery technology.
The study identifies the increasing popularity of EVs through government initiatives as one of the prime reasons driving the vehicle to grid market growth during the next few years. Also, rapid deployment of smart grids, and rise in number of EV charging stations will lead to sizable demand in the market.
The global vehicle to grid market is segmented as below:
- Power Electronics
- North America
- South America
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vehicle to grid market vendors that include:
- AC Propulsion Inc.
- Coritech Services
- Daimler AG
- DENSO Corp.
- Hitachi Ltd.
- Honda Motor Co. Ltd.
- Liikennevirta Oy (Ltd.)
- NUVVE Corp.
- Qualcomm Inc.
- Tesla Inc.
Also, the vehicle to grid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
For more information about this report visit https://www.researchandmarkets.com/r/fc76hk
Laura Wood, Senior Press Manager
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