During 2021-2025 vehicle to grid market size will grow by $ 5.01 over at a CAGR of almost 14%.
APAC will provide significant growth opportunities to vendors. During the forecast period the region will account for 46% of the market’s growth.
Market Overview
Get sample illustrations from Technavio’s research report on the vehicle to grid market
Growth in the market will be driven by factors such as the Change in grid structure allowing decentralized power generation. The Increasing popularity of EVs through government initiatives will also have a significant influence on the growth of the vehicle to grid market during the forecast period.
Though the market will offer several growth opportunities, factors such as Additional stress on EV battery will also challenge the growth of the market participants.
AC Propulsion Inc., Coritech Services, Daimler AG, and DENSO Corp. are some of the key vehicle to grid market vendors. The report provides an analysis of the market’s competitive landscape, the strategies adopted by companies to increase their market share, and the key products or services they provide.
The report also analyzes the market based on segmentations such as Technology (Power electronics and Software) and Geography (APAC, North America, Europe, MEA, and South America). To improve their market positions, the vendors should focus more on the fast-growing segments.
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