The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Vehicle-To-Grid (V2G) System Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Vehicle-To-Grid (V2G) System Industry Analytical Overview (2023-2028): Drivers, Opportunities, Challenges, and Trends,

According to the latest report, 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.  The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023 to 2028.

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What is Included in Vehicle-To-Grid (V2G) System Market Segmentation?

The report has segmented the market into the following categories:

By Technology

- Charging System- Market Size & Forecast 2018-2028, (USD Million)

- Software - Market Size & Forecast 2018-2028, (USD Million)

The charging system is holding a significant share of the market in recent times owing to the rapid deployment of V2G charging systems across the globe coupled with government regulatory support, increasing collaborations among automakers & V2G manufacturers, and growing awareness of the V2G benefits. Governments in countries such as the US, the UK, and India are playing a pivotal role by providing substantial support for the establishment of intelligent charging stations, including those incorporating V2G capabilities. For instance, Electric Vehicle Smart Charging policy in the UK and the Vehicle-To-Grid (V2G) Power Flow Regulations and Building Codes in the US. These initiatives aim to promote the rapid adoption of EVs across the globe and reduce fossil fuel vehicle prevalence across the globe in the near future to combat climate change. As a result, these growing policies and regulations by countries resulting in the quick deployment of V2G charging stations in recent years, have markedly propelled charging system segment in vehicle-to-grid market share.

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

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Key Factor Driver Vehicle-To-Grid (V2G) System Industry Growth by 2028

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.

Who are the Key Players Operating in the Vehicle-To-Grid (V2G) System Industry?

The top companies of the Vehicle-To-Grid (V2G) System market ruling the industry are: 

• Toyota Tsusho Corporation
• ABB
• Virta
• Enel X Way
• Edison International
• Hitachi Energy Ltd
• OVO Energy Ltd
• The Mobility House GmbH
• Denso Corporation
• Nuvve Holding Corp.
• Sono Motors
• Aptiv
• IOTECHA
• WiTricity Corporation.
• Wallbox Chargers, S.L.

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FAQs (Frequently Ask Questions)

1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
2. What are the trends influencing the current scenario of the Vehicle-To-Grid (V2G) System Market?
3. What are the key factors that would propel and hinder the industry?
4. Which geographical area dominates the Vehicle-To-Grid (V2G) System industry?
5. Which is the Leading segment in the market?

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