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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.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global VGI/V2G/GIV/Vehicle Grid Integration market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global VGI/V2G/GIV/Vehicle Grid Integration market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global VGI/V2G/GIV/Vehicle Grid Integration market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global VGI/V2G/GIV/Vehicle Grid Integration market.
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.
Drive System Technology
Software And Communication Technology
Equipment
Private Vehicle
Commcial Vehicle
Based on regional and country-level analysis, the VGI/V2G/GIV/Vehicle Grid Integration market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
In the competitive analysis section of the report, leading as well as prominent players of the global VGI/V2G/GIV/Vehicle Grid Integration market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
AC Propulsion
Coritech Services
Denso
Hitachi
Autoport
BMW
Daimler
Ford Motor
Honda
Kisensum
Mitsubishi Motors
Nissan
Tesla Motors
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.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global VGI/V2G/GIV/Vehicle Grid Integration market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global VGI/V2G/GIV/Vehicle Grid Integration market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global VGI/V2G/GIV/Vehicle Grid Integration market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global VGI/V2G/GIV/Vehicle Grid Integration market.
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.
Market segment by Type, the product can be split into
Drive System Technology
Software And Communication Technology
Equipment
Market segment by Application, split into
Private Vehicle
Commcial Vehicle
Based on regional and country-level analysis, the VGI/V2G/GIV/Vehicle Grid Integration market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
In the competitive analysis section of the report, leading as well as prominent players of the global VGI/V2G/GIV/Vehicle Grid Integration market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
The key players covered in this study
AC Propulsion
Coritech Services
Denso
Hitachi
Autoport
BMW
Daimler
Ford Motor
Honda
Kisensum
Mitsubishi Motors
Nissan
Tesla Motors
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
