Market Overview:
The global Vehicle to Grid Chargers market is expected to grow at a CAGR of XX% during the forecast period from 2018-2030. The growth in this market can be attributed to the increasing demand for electric vehicles and the need for charging infrastructure. The AC Vehicle to Grid Chargers segment is expected to dominate the market during the forecast period, owing to its high efficiency and low cost.
Product Definition:
A vehicle-to-grid charger (V2G) is a device that allows electric vehicles to communicate with the electrical grid, and in some cases, send electricity back to the grid. Vehicle-to-grid chargers are important because they could help utilities manage energy demand and better integrate renewable energy sources like wind and solar into the electrical grid.
AC Vehicle to Grid Chargers:
AC Vehicle to Grid (V2G) is a technology that enables electric vehicles to communicate with the electricity grid and use their energy storage devices for additional power. The communication between vehicle and the grid helps in monitoring battery charge status, optimizing usage time & location along with real-time information sharing. This further improves efficiency by allowing electric car owners to sell their extra electricity back to the grid at times when there is excess renewable energy available for generation.
DC Vehicle to Grid Chargers:
DC Vehicle to Grid (V2G) chargers are devices that enable electric vehicles to generate electricity while they are parked. The electricity is drawn from the grid and stored in the battery of the vehicle, which can then be used when needed.
The DC V2G charger uses a smart meter or an intelligent power strip for measuring energy usage.
Application Insights:
The global vehicle to grid chargers market, by application, is segmented into residential chargers and commercial chargers. The residential segment dominated the overall market in terms of revenue share in 2017. This can be attributed to growing urbanization along with rising demand for electric vehicles across major countries such as Japan, China and Germany. Moreover, increasing government funding and incentives for promoting the adoption of electric vehicles are expected to drive growth over the forecast period.
Commercial vehicle-to-grid charger is anticipated to grow at a significant rate over the forecast period owing to increased deployment of V2G technology across commercial buildings particularly hotels and shopping malls which require large parking spaces for their buses or trucks that have batteries that need charging during downtimes when they are not in use.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region has been witnessing increasing adoption of V2G technology in China and Japan. Increasing number of smart cities development projects by Chinese government is also expected to boost vehicle to grid charging stations across the country, thereby driving growth across this region. For instance, according to a white paper published by China Energy Group in 2016, energy consumption from vehicles accounted for approximately 10% of total energy consumption in urban areas and 30% on highways during peak hours.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in the demand for vehicle-to-grid chargers, as they are essential for charging electric vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the use of electric vehicles by providing subsidies and incentives. This is likely to boost the adoption of vehicle-to-grid chargers in the coming years.
- Development of smart grids: Smart grids are being developed with features that enable two-way communication between utilities and consumers, which helps optimize energy usage and reduce costs. Vehicle-to grid chargers can be integrated into these smart grids, helping utilities manage peak loads and improve grid efficiency..
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle to Grid Chargers Market Research Report
By Type
AC Vehicle to Grid Chargers, DC Vehicle to Grid Chargers
By Application
Residential Chargers, Commercial Chargers
By Companies
DriveElectric, Enel, Hyundai Mobis, OVO Energy, Shell, DriveElectric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle to Grid Chargers Market Report Segments:
The global Vehicle to Grid Chargers market is segmented on the basis of:
Types
AC Vehicle to Grid Chargers, DC Vehicle to Grid Chargers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Chargers, Commercial Chargers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DriveElectric
- Enel
- Hyundai Mobis
- OVO Energy
- Shell
- DriveElectric
Highlights of The Vehicle to Grid Chargers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC Vehicle to Grid Chargers
- DC Vehicle to Grid Chargers
- By Application:
- Residential Chargers
- Commercial Chargers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vehicle to Grid Chargers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vehicle to Grid Chargers are a type of electric vehicle charger that can be plugged into the electrical grid to provide power for electric vehicles.
Some of the key players operating in the vehicle to grid chargers market are DriveElectric, Enel, Hyundai Mobis, OVO Energy, Shell, DriveElectric.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vehicle to Grid Chargers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vehicle to Grid Chargers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicle to Grid Chargers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vehicle to Grid Chargers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vehicle to Grid Chargers Market Size & Forecast, 2018-2028
4.5.1 Vehicle to Grid Chargers Market Size and Y-o-Y Growth
4.5.2 Vehicle to Grid Chargers Market Absolute $ Opportunity
Chapter 5 Global Vehicle to Grid Chargers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vehicle to Grid Chargers Market Size Forecast by Type
5.2.1 AC Vehicle to Grid Chargers
5.2.2 DC Vehicle to Grid Chargers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicle to Grid Chargers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vehicle to Grid Chargers Market Size Forecast by Applications
6.2.1 Residential Chargers
6.2.2 Commercial Chargers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicle to Grid Chargers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vehicle to Grid Chargers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vehicle to Grid Chargers Analysis and Forecast
9.1 Introduction
9.2 North America Vehicle to Grid Chargers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vehicle to Grid Chargers Market Size Forecast by Type
9.6.1 AC Vehicle to Grid Chargers
9.6.2 DC Vehicle to Grid Chargers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vehicle to Grid Chargers Market Size Forecast by Applications
9.10.1 Residential Chargers
9.10.2 Commercial Chargers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vehicle to Grid Chargers Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicle to Grid Chargers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vehicle to Grid Chargers Market Size Forecast by Type
10.6.1 AC Vehicle to Grid Chargers
10.6.2 DC Vehicle to Grid Chargers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vehicle to Grid Chargers Market Size Forecast by Applications
10.10.1 Residential Chargers
10.10.2 Commercial Chargers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vehicle to Grid Chargers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicle to Grid Chargers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vehicle to Grid Chargers Market Size Forecast by Type
11.6.1 AC Vehicle to Grid Chargers
11.6.2 DC Vehicle to Grid Chargers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vehicle to Grid Chargers Market Size Forecast by Applications
11.10.1 Residential Chargers
11.10.2 Commercial Chargers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vehicle to Grid Chargers Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicle to Grid Chargers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vehicle to Grid Chargers Market Size Forecast by Type
12.6.1 AC Vehicle to Grid Chargers
12.6.2 DC Vehicle to Grid Chargers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vehicle to Grid Chargers Market Size Forecast by Applications
12.10.1 Residential Chargers
12.10.2 Commercial Chargers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vehicle to Grid Chargers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicle to Grid Chargers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vehicle to Grid Chargers Market Size Forecast by Type
13.6.1 AC Vehicle to Grid Chargers
13.6.2 DC Vehicle to Grid Chargers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vehicle to Grid Chargers Market Size Forecast by Applications
13.10.1 Residential Chargers
13.10.2 Commercial Chargers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vehicle to Grid Chargers Market: Competitive Dashboard
14.2 Global Vehicle to Grid Chargers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DriveElectric
14.3.2 Enel
14.3.3 Hyundai Mobis
14.3.4 OVO Energy
14.3.5 Shell
14.3.6 DriveElectric
