LONDON--(BUSINESS WIRE)--Technavio has been monitoring the vehicle to grid market and it is poised to grow by $ 5.01 bn during 2020-2024, progressing at a CAGR of over 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AC Propulsion Inc., Coritech Services, Daimler AG, DENSO Corp., Hitachi Ltd., Honda Motor Co. Ltd., Liikennevirta Oy (Ltd.), NUVVE Corp., Qualcomm Inc., and Tesla Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Change in grid structure allowing decentralized power generation has been instrumental in driving the growth of the market. However, additional stress on EV battery might hamper the market growth.
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Vehicle to Grid Market 2020-2024: Segmentation
Vehicle to Grid Market is segmented as below:
-
Technology
- Power Electronics
- Software
-
Geography
- APAC
- North America
- Europe
- MEA
- South America
Vehicle to Grid Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The vehicle to grid market report covers the following areas:
- Vehicle to Grid Market Size
- Vehicle to Grid Market Trends
- Vehicle to Grid Market Industry Analysis
This study identifies the increasing popularity of EVs through government initiatives as one of the prime reasons driving the vehicle to grid market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Vehicle to Grid Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist vehicle to grid market growth during the next five years
- Estimation of the vehicle to grid market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the vehicle to grid market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of vehicle to grid market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Power electronics - Market size and forecast 2019-2024
- Software - Market size and forecast 2019-2024
- Market opportunity by Technology
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AC Propulsion Inc.
- Coritech Services
- Daimler AG
- DENSO Corp.
- Hitachi Ltd.
- Honda Motor Co. Ltd.
- Liikennevirta Oy (Ltd.)
- NUVVE Corp.
- Qualcomm Inc.
- Tesla Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
