1. Home
Vehicle to Grid (V2G) Market Report 2023-2033

Vehicle to Grid (V2G) Market Report 2023-2033

  • November 2022
  • 320 pages
  • ID: 6364057
  • Format: PDF
  • Visiongain Reports Ltd.


Table of Contents

Forecasts by Charging Type (Unidirectional Charging, Bidirectional Charging), by Application (Peak Power Sales, Spinning Reserves, Base Load Power), by Vehicle Type (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Plug-In Hybrid Electric Vehicle (PHEV), Other), by Service (Ancillary Services, Active Power Support, Backup Energy for Home, Reactive Power Compensation, Other), by Solution (Electric Vehicle Supply Equipment (EVSE), Power Conversion Equipment (PCE), V2G Smart Meters, Home Energy Management (HEM) Systems, Dynamic Load Management (DLM), Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Impact and Recovery Pattern Analysis

The Vehicle to Grid (V2G) Market Report 2023-2033: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

The Concept of Parked Automobiles Generating Electricity for the Grid Is Known as Vehicle-To-Grid (V2G) Technology

Vehicle-to-Grid (V2G) refers to a system in which plug-in electric vehicles (PEVs), such as battery electric vehicles (BEVs), plug-in hybrids (PHEVs), and hydrogen fuel cell electric vehicles (FCEVs), communicate with the power grid to sell demand response services by returning electricity to the grid or throttling their charging rate. Electric vehicles with V2G storage capability can store and release electricity generated from renewable energy sources such as solar and wind, with output that varies based on weather and time of day. Vehicles that can be connected to an electric plug can use V2G. PEVs, which comprise battery electric cars (BEVs) and plug-in hybrids, are commonly referred to as plug-in electric vehicles (PEVs) (PHEV). Because 95% of automobiles are parked at any given moment, electric vehicle batteries might be used to allow electricity to flow from the car to the electric distribution network and back. According to a assessment on potential revenues linked with V2G, vehicle owners might earn $454, $394, or $318 per year depending on whether their average daily trip was 32, 64, or 97 km (20, 40, or 60 miles), respectively, assuming sufficient governmental support.

North America has the largest Market Share and also has key growth in forecast period

On the Basis of region, North America has the largest market share and also has key growth in forecast period. Two important elements driving market expansion are early acceptance of new technology and public awareness of environmental issues. Incentives offered by the government to stimulate the adoption of electric vehicles in the region. Furthermore, local automakers are offering long-term guarantees to their clients, which is projected to support market growth. The US government anticipated a $750 million investment in electric-vehicle infrastructure in 2022 as part of the country’s long-term commitment to reduce emissions. Similarly, the Canadian government is heavily investing in V2G infrastructure development.

What Questions Should You Ask before Buying a Market Research Report?

• How is the vehicle to grid (V2G) market evolving?

• What is driving and restraining the vehicle to grid (V2G) market?

• How will each vehicle to grid (V2G) submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2033?

• How will the market shares for each vehicle to grid (V2G) submarket develop from 2023 to 2033?

• What will be the main driver for the overall market from 2023 to 2033?

• Will leading vehicle to grid (V2G) markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?

• How will the market shares of the national markets change by 2033 and which geographical region will lead the market in 2033?

• Who are the leading players and what are their prospects over the forecast period?

• What are the vehicle to grid (V2G) projects for these leading companies?

• How will the industry evolve during the period between 2023 and 2033? What are the implications of vehicle to grid (V2G) projects taking place now and over the next 10 years?

• Is there a greater need for product commercialisation to further scale the vehicle to grid (V2G) market?

• Where is the vehicle to grid (V2G) market heading and how can you ensure you are at the forefront of the market?

• What are the best investment options for new product and service lines?

• What are the key prospects for moving companies into a new growth path and C-suite?

You need to discover how this will impact the vehicle to grid (V2G) market today, and over the next 10 years:

• Our 320-page report provides 167 tables and 162 charts/graphs exclusively to you.

• The report highlights key lucrative areas in the industry so you can target them – NOW.

• It contains in-depth analysis of global, regional and national sales and growth.

• It highlights for you the key successful trends, changes and revenue projections made by your competitors.

This report tells you TODAY how the vehicle to grid (V2G) market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2033 and other analyses reveal commercial prospects

• In addition to revenue forecasting to 2033, our new study provides you with recent results, growth rates, and market shares.

• You will find original analyses, with business outlooks and developments.

• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising vehicle to grid (V2G) prices and recent developments.

This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, “V”, “L”, “W” and “U” are discussed in this report.

Segments Covered in the Report

Market Segment by Charging Type

• Unidirectional Charging

• Bidirectional Charging

Market Segment by Application

• Peak Power Sales

• Spinning Reserves

• Base Load Power

Market Segment by Vehicle Type

• Battery Electric Vehicle (BEV)

• Fuel Cell Electric Vehicle (FCEV)

• Plug-In Hybrid Electric Vehicle (PHEV)

• Other Vehicle Type

Market Segment by Service

• Ancillary Services

• Active Power Support

• Backup Energy for Home

• Reactive Power Compensation

• Other Services

Market Segment by Solution

• Electric Vehicle Supply Equipment (EVSE)

• Power Conversion Equipment (PCE)

• V2G Smart Meters

• Home Energy Management (HEM) Systems

• Dynamic Load Management (DLM)

• Other Solutions

In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:

North America

• U.S.

• Canada


• Germany

• Spain

• United Kingdom

• France

• Italy

• Rest of Europe

Asia Pacific

• China

• Japan

• India

• Australia

• South Korea

• Rest of Asia Pacific

Latin America

• Brazil

• Mexico

• Rest of Latin America

Middle East and Africa

• South Africa

• Saudi Arabia

• Turkey

• Rest of Middle East and Africa

The report also includes profiles and for some of the leading companies in the Vehicle to Grid (V2G) Market, 2023 to 2033, with a focus on this segment of these companies’ operations.

Leading companies and the potential for market growth

• AC Propulsion

• Coritech Services Inc

• Denso Corporation

• Endesa SA

• EnerDel, Inc.

• Energie Baden Wuerttemberg AG (EnBW)

• Engie Group

• EV Grid

• Hitachi Ltd

• Jedlix

• Mitsubishi Motors Corporation

• NextEra Energy, Inc. (NEE)

• Nissan Motor Company Ltd

• NRG Energy Inc


• OVO Energy Ltd.

• PGandE Corporation

Overall world revenue for Vehicle to Grid (V2G) Market, 2023 to 2033 in terms of value the market will surpass US$1,158 million in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

How will the Vehicle to Grid (V2G) Market, 2023 to 2033 report help you?

In summary, our 320-page report provides you with the following knowledge:

• Revenue forecasts to 2033 for Vehicle to Grid (V2G) Market, 2023 to 2033 Market, with forecasts for charging type, service, solution, vehicle type, application and company size, each forecast at a global and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.

• Revenue forecasts to 2033 for four regional and 20 key national markets – See forecasts for the Vehicle to Grid (V2G) Market, 2023 to 2033 market in North America, Europe, Asia-Pacific and LAMEA. Also forecasted is the market in the US, Canada, Mexico, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.

• Prospects for established firms and those seeking to enter the market – including company profiles for 15 of the major companies involved in the Vehicle to Grid (V2G) Market, 2023 to 2033.

Please note: This report is accessed through a password system. Single user (non-printable) and departmental licenses expires after 12 month period.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

North America Electric Bus Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

  • $ 4750
  • January 2023
  • 157 pages

The North America Electric Bus Market is projected to register a CAGR of 5.50% Key Highlights Largest Segment by Fuel Type - FCEV : Hybrid propulsion buses type is largely used in North America. Government ...

  • North America
  • Electric Vehicle
  • Industry analysis
  • Greenhouse Gas Emissions
  • Inflation Rate


Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on