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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 –
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.
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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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.
Technavio also offers customization on reports based on specific client requirement
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
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