Vehicle-to-Grid (V2G) Market Size, Share, Development by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Vehicle-to-Grid (V2G) market.

Vehicle-to-grid (V2G) describes a system in which plug-in electric vehicles, such as electric cars (BEVs) and plug-in hybrids (PHEVs), communicate with the power grid to sell demand response services by either delivering electricity into the grid or by throttling their charging rate.

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Global Vehicle-to-Grid (V2G) Market: Forecast by Type / Application / Region

Large-scale electric vehicle ordered charging can optimize power system operation, reduce peak loads, thus improving the operation safety and economy of power system. Compared with the traditional fuel vehicles, electric vehicles can greatly reduce primary energy consumption and greenhouse gas emissions.

Many countries have set objectives to expand the EV market in the coming decades, and each has taken a different approach to the policy enablers that they hope will help stimulate the market in the near term. Their motivations are similar: to improve air quality in vehicle-dense urban areas, to reduce transportation sector emissions of GHGs, and to achieve greater energy independence by reducing foreign oil imports.

Shortcomings in vehicle uptake have been feared by many to be the result of driver anxiety about vehicle range. Frequently, policy proposals to solve vehicle range issues call for networks of high capacity charging stations. In theory, giving drivers the ability to charge vehicles on-the-go could reduce range anxiety and mimic the refueling infrastructure to which drivers of gasoline-powered cars have become accustomed.

The costs of driver adaptation underlie the challenge of stimulating EV market growth. Within the technical constraints of today’s vehicles, there is no way to meet all drivers’ vehicle range requirements for all trips. Drivers may be willing to find alternate modes of transportation, such as public transit or car rentals, if they are sufficiently compensated for the inconvenience. The question is: what is the required compensation, and where in the economic equation can it be captured?

Over the next five years, LPI(LP Information) projects that Vehicle-to-Grid (V2G) will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

Global Vehicle-to-Grid (V2G) Market: Key Players
AC Propulsion
Corinex
Coritech
EnBW
Endesa
EnerDel
EV Grid
Hitachi
Next Energy
NRG Energy
PG&E

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Related Information:
United States Vehicle-to-Grid (V2G) Market Research Report 2018
Europe Vehicle-to-Grid (V2G) Market Research Report 2018
North America Vehicle-to-Grid (V2G) Market Research Report 2018
Asia-Pacific Vehicle-to-Grid (V2G) Market Research Report 2018
China Vehicle-to-Grid (V2G) Market Research Report 2018
EMEA Vehicle-to-Grid (V2G) Market Research Report 2018
Global Vehicle-to-Grid (V2G) Market Research Report 2018

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