Vehicle-to-Grid (V2G) Market Set to Surge to US$ 3,621.4 Million by 2032, Driven by Robust 31.5% CAGR | Astute Analytica
Global Vehicle-to-Grid (V2G) market was valued at US$ 308.0 million in 2023 and is projected to hit the market valuation of US$ 3,621.4 million by 2032
CHICAGO, CA, UNITED STATES, September 13, 2024 /EINPresswire.com/ -- The global ๐๐๐ก๐ข๐๐ฅ๐-๐ญ๐จ-๐๐ซ๐ข๐ (๐๐๐) ๐ฆ๐๐ซ๐ค๐๐ญ is on a rapid growth trajectory, with projections indicating a dramatic rise from ๐๐$ ๐๐๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ to an impressive ๐๐$ ๐,๐๐๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐. This substantial growth represents a robust compound annual growth rate (๐๐๐๐) ๐จ๐ ๐๐.๐% throughout the forecast period of ๐๐๐๐ ๐ญ๐จ ๐๐๐๐.
๐๐ก๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐- https://www.astuteanalytica.com/request-sample/vehicle-to-grid-v2g-market
Vehicle-to-Grid (V2G) technology, which enables electric vehicles (EVs) to return electricity to the grid, is gaining traction as a pivotal component in the transition to sustainable energy systems. The technology's ability to enhance grid stability, integrate renewable energy sources, and provide a revenue stream for EV owners is driving its adoption across various regions.
๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
๐๐ซ๐ข๐ฏ๐๐ซ: ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ง๐๐๐ง๐ญ๐ข๐ฏ๐๐ฌ ๐๐ง๐ ๐๐จ๐ฅ๐ข๐๐ข๐๐ฌ ๐๐ซ๐จ๐ฆ๐จ๐ญ๐ข๐ง๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐ง๐ ๐๐ซ๐ข๐-๐๐ง๐ญ๐๐ซ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง
Governments worldwide are increasingly recognizing the potential of electric vehicles (EVs) and Vehicle-to-Grid (V2G) market in achieving sustainability goals. As a result, they are introducing diverse incentives and policies to promote the adoption of EVs and facilitate V2G integration. In 2023, over 30 countries have implemented tax rebates and subsidies for EV purchases, which has spurred the growth of EVs on the roads to over 10 million units globally. Countries like Norway are exemplary, with a significant portion of their vehicle sales being electric, driven by strong governmental support. The U.S. has allocated $7.5 billion for EV infrastructure development, significantly boosting the V2G ecosystem. In China, the world's largest EV market, the government has set a target of 5 million EV charging stations by 2025. Japan, with its focus on renewable energy, has set up 50,000 public charging stations, supporting the V2G initiative.
Additionally, strict emission regulations are pushing automakers to transition towards electric mobility. The European Union has set a target of 30 million zero-emission vehicles by 2030, further encouraging Vehicle-to-Grid (V2G) market growth. India plans to electrify 30% of its vehicle fleet by 2030, backed by government incentives. The UK is banning the sale of new petrol and diesel cars by 2030, promoting EVs and V2G. In South Korea, 300,000 EVs are expected to be on the road by 2025, thanks to governmental policies. Australia, albeit slowly, is also catching up with incentives designed to boost EV sales and V2G technology. These collective efforts underline the crucial role of government policies in accelerating the deployment of electric vehicles and V2G technology.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐๐จ๐ง๐ญ๐๐๐ญ:- https://www.astuteanalytica.com/industry-report/vehicle-to-grid-v2g-market
๐๐จ๐ฉ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐๐๐ก๐ข๐๐ฅ๐-๐ญ๐จ-๐๐ซ๐ข๐ (๐๐๐) ๐๐๐ซ๐ค๐๐ญ
โข Nissan Motor Corporation
โข Mitsubishi Motors Corporation
โข NUVVE Corporation
โข ENGIE Group
โข OVO Energy Ltd.
โข Groupe Renault
โข Honda Motor Co., Ltd.
โข Hyundai Motor Company
โข Edison International.
โข DENSO Co.
โข Boulder Electric Vehicle
โข EV Grid
โข Hitachi
โข Next Energy
โข NRG Energy
โข OVO Energy Ltd.
โข Other Prominent Players
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐ ๐๐ฒ๐ฉ๐
โข Battery Electric Vehicles (BEVs)
โข Plug-In Hybrid Electric Vehicles (PHEVs)
โข Fuel Cell Vehicles (FCVs)
๐๐ฒ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฉ๐
โข Hardware
o Electric Vehicle Supply
o Equipment (EVSE)
o Smart Meters
o V2G chargers
โข Software
o V2G program administration
o Dynamic load management system
โข Services
๐๐ฒ ๐๐ก๐๐ซ๐ ๐ข๐ง๐ ๐๐ฒ๐ฉ๐
โข Unidirectional
โข Bidirectional
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โข Peak Power Sales
โข Spinning Reserves
โข Base Load Power
โข Others
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง
โข ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
o The U.S.
o Canada
o Mexico
โข Europe
๐จ ๐๐๐ฌ๐ญ๐๐ซ๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
๏ง U.K.
๏ง Germany
๏ง France
๏ง Spain
๏ง Italy
๏ง Rest of Western Europe
๐จ ๐๐๐ฌ๐ญ๐๐ซ๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
๏ง Russia
๏ง Rest of Eastern Europe
โข Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
โข Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
โข South America
o Argentina
o Brazil
o Rest of South America
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐
๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/vehicle-to-grid-v2g-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ๐ญ๐ฎ๐ญ๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐:
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Aamir Beg
Astute Analytica
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