The Global Vehicle-To-Grid (V2G) System Market size is valued at around USD 4.8 billion in 2024 and is estimated to grow at a CAGR of around 24.52% during the forecast period, i.e., 2023-28.                                                           

Global Vehicle-To-Grid (V2G) System Market Dynamics:

Growing Investment in Electric Vehicle Industry Owing to Promote Its Adoption – Rising awareness about the environmental impact of conventional internal combustion engine vehicles, has propelled the demand for cleaner transportation solutions during the historical years. Electric vehicles (EVs) have emerged as a viable option, addressing pollution concerns in the transportation sector. Benefiting from enhanced battery tech, EVs provide emission-free travel and reduced carbon impact. As a result, governments, and businesses in the Europe, North America, Asia, etc., are increasingly investing in the EV vehicle industry to promote its adoption at a rapid rate in the recent years.

·       In 2023, the UAE government invested USD5.6 billion for the development, manufacture and sales of electric vehicles in the country.

Consequently, the global transition to electric mobility led by governments, companies, and consumers is driving vehicle-to-grid (V2G) technology adoption. Expanding EV sales and charging infrastructure complement V2G integration, facilitating energy exchange. Increased investment in EV sets the stage for broad V2G implementation and a distributed energy storage network. Thus, the collective efforts to meet carbon targets and embrace sustainable transportation, the EV market is projected to grow significantly in the coming years. This growth would drive V2G market size and its integration into the energy ecosystem

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Vehicle-To-Grid (V2G) System Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Technology
• Charging System- Market Size & Forecast 2018-2028, (USD Million)
• Software - Market Size & Forecast 2018-2028, (USD Million)
• By Charger Type
• AC- Market Size & Forecast 2018-2028, (USD Million)
• DC- Market Size & Forecast 2018-2028, (USD Million)
• AC + DC- Market Size & Forecast 2018-2028, (USD Million)
• By Ownership
• Private -Market Size & Forecast 2018-2028, (USD Million)
• Public - Market Size & Forecast 2018-2028, (USD Million)
• By End User
• Individuals - Market Size & Forecast 2018-2028, (USD Million)
• Charging Station Owners - Market Size & Forecast 2018-2028, (USD Million)
• Utility Operators - Market Size & Forecast 2018-2028, (USD Million)
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   Toyota Tusho Corporation, ABB, Virta, Enel X Way, Edison International, Hitachi Energy Ltd., OVO Energy Ltd., The Mobility House GmbH, Denso Corporation, Nuvve Holding Corporation., Sono Motors, Aptive, IOTECHA, WiTrcity Corporation, Wallbox Chargers S.L, and Others

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