Global Vehicle to Grid Chargers Market 2018-2022
- Published: May 2018
- Pages: 95
- SKU: IRTNTR22621
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This market research report presents a comprehensive analysis of the global vehicle to grid chargers market by end-user such as residential chargers and commercial chargers. The report also provides a comprehensive analysis of the growth opportunities for companies in this market in regions such as the Americas, APAC, and EMEA.
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Overview of the global vehicle to grid chargers market
Technavio’s market research analysts have predicted that in terms of units, the vehicle to grid charger market will register a CAGR of more than 50% by 2022. There is a growing adoption of EVs due to the need to reduce the dependence on fossil fuels and reduce pollution and the availability of incentives from governments of various countries to build the necessary infrastructure. This is resulting in an increased need for charging outlets, which in turn, will boost the demand for electricity. With the rising need to charge EV vehicles, especially during peak hours, there is a growing preference for the adoption of vehicle to grid technology since it reduces the cost of charging when the demand for electricity is high. According to Technavio’s market research analysts, this ability of vehicle to grid (V2G) chargers to meet the growing demand for electricity will be a primary factor driving the growth of the vehicle to grid chargers market till 2022.
Smart grids include supervisory control and data acquisition systems, smart energy meters, and other communication networks. This enables smart grids to provide the necessary platform for vehicle-grid infrastructure. As a result, several countries including India, China, the US, France, Germany, and Spain are increasingly focusing on deploying smart grids, which according to this V2G chargers market research report, will be one of the key trends that will gain traction in the during the next few years.
The vehicle to grid chargers market is characterized by the presence of a large number of companies and is quite competitive. By providing an analysis of the companies in this market and offering information on the strategies they follow, this report will help clients sustain the market’s competitive environment. Additionally, the report also offers information about various R&D activities the players are focusing on to introduce innovative solutions, that will help them improve their market positions.
This research report provides an analysis of various companies in the market including –
- Hyundai Mobis
- OVO Energy
Segmentation by end-user and analysis of the vehicle to grid chargers market
- Residential chargers
- Commercial chargers
The residential chargers segment contributed to the major share of the vehicle to grid chargers market during 2017 and according to our analysts, this trend will continue during the next few years as well.
Segmentation by geography and analysis of the vehicle to grid chargers market
During 2017, the Americas accounted for the major shares of the vehicle to grid chargers market due to the presence of various projects and consortiums. However, by 2022, APAC will be the major contributor to the market and this will attribute to factors such as the availability of incentives and the rise in investments in several Asian countries such as Japan, South Korea, and China.
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Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global vehicle to grid chargers market?
- What are the key market trends impacting the growth of the global vehicle to grid chargers market?
- What are the challenges to market growth?
- Who are the key vendors in the global vehicle to grid chargers market?
- What are the market opportunities and threats faced by the vendors in the global vehicle to grid chargers market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global vehicle to grid chargers market?
Technavio also offers customization on reports based on specific client requirement.
This research report on the global vehicle to grid chargers market will offer clients comprehensive information about various factors that will drive the market’s growth prospects during the period 2018-2022. With a constantly updated database and collecting information from various reliable resources, Technavio’s research analysts have provided an in-depth analysis of the growth of the vehicle to grid market. Additionally, the report offers information on the upcoming trends that will offer companies in the V2G market immense growth opportunities and also provides details on factors that will challenge the growth of the players in this vehicle charger market during the forecast period.
With extensive information about the growth of various markets in the automotive components sector, Technavio’s market research analysts provide a detailed analysis of the competitive landscape of the V2G market. Moreover, this market research report also provides details about key areas various companies are focusing on. This will help our clients in this electric car charging stations industry design unique growth strategies, which in turn, will aid them in improving their positions in this competitive market and increasing their revenue shares.
Key highlights of our market research report on the vehicle to grid chargers market
- Extensive market definition of the vehicle to grid chargers market
- Analysis by multiple marketing tools such as Porter’s five forces model
- Detail characterization of the parent market
- Predictions of the market based on industry lifecycle, market innovation, M&A activities
- In-depth intelligence on the changing competitive scenario and a detailed vendor analysis
Technavio also offers customization on reports based on specific client requirement
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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