The Europe Vehicle-To-Grid (V2G) Market would witness market growth of 24.1% CAGR during the forecast period (2023-2030).
At its core, V2G embodies the convergence of two fundamental trends reshaping the energy landscape, that is, transportation electrification and the proliferation of renewable energy sources. As EV adoption continues to surge, driven by advancements in battery technology, declining costs, and increasing environmental awareness, the role of EVs extends beyond mere modes of transportation. EVs equipped with bidirectional charging capabilities hold the potential to serve as mobile energy storage units, capable of storing surplus electricity from renewable sources and injecting it back into the grid when needed most.
The adoption of EVs is propelled by several key factors driving the shift towards cleaner and more sustainable transportation options. Increasing awareness among governments, businesses, and individuals regarding the environmental consequences of conventional gasoline and diesel vehicles has led to a surge in the popularity of electric vehicles (EVs), regarded as more sustainable and environmentally clean alternatives.
EV sales experienced a substantial surge of 69.3%, resulting in a noteworthy market share of 15.4%. The surge in demand for EVs in Europe necessitates a parallel rise in the need for vehicle-to-grid systems, crucial components for managing electrical power in electric vehicles. Therefore, the rising production of EVs in the region is driving the growth of the vehicle-to-grid (V2G) market.
The Germany market dominated the Europe Vehicle-To-Grid (V2G) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $844.1 Million by 2030. The UK market is exhibiting a CAGR of 23% during (2023 - 2030). Additionally, The France market would experience a CAGR of 25.2% during (2023 - 2030).
Free Valuable Insights: The Global Vehicle-To-Grid (V2G) Market will Hit $11.7 Billion by 2030, at a CAGR of 25.0%
Based on Technology, the market is segmented into Power Management and Software. Based on Vehicle Type, the market is segmented into Battery Electric Vehicles, Plug In Hybrid Electric Vehicles, and Fuel Cell Vehicles (FCVs). Based on Charging Type, the market is segmented into Unidirectional Charging and Bidirectional Charging. Based on Component, the market is segmented into Electric Vehicle Supply Equipment (EVSE), Smart Meters, Home Energy Management (HEM), and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Netherlands, Norway, and Rest of Europe.
List of Key Companies Profiled
- ABB Group
- Denso Corporation
- Hitachi, Ltd.
- Honda Motor Co. Ltd.
- Indra Sistemas, S.A.
- Nissan Motor Co., Ltd
- NRG Energy, Inc.
- Toyota Industries Corporation
- Fermata Energy
- Wallbox N.V.
Europe Vehicle-To-Grid (V2G) Market Report Segmentation
By Technology
- Power Management
- Software
By Vehicle Type
- Battery Electric Vehicles
- Plug In Hybrid Electric Vehicles
- Fuel Cell Vehicles (FCVs)
By Charging Type
- Unidirectional Charging
- Bidirectional Charging
By Component
- Electric Vehicle Supply Equipment (EVSE)
- Smart Meters
- Home Energy Management (HEM)
- Others
By Country
- Germany
- UK
- France
- Russia
- Netherlands
- Norway
- Rest of Europe
TABLE 1 Europe Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 2 Europe Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 3 Europe Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 4 Europe Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 5 Europe Power Management Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Power Management Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Software Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Software Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 10 Europe Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 11 Europe Battery Electric Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Battery Electric Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Plug In Hybrid Electric Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Plug In Hybrid Electric Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Fuel Cell Vehicles (FCVs) Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Fuel Cell Vehicles (FCVs) Market by Country, 2023 - 2030, USD Million
TABLE 17 Europe Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 18 Europe Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 19 Europe Unidirectional Charging Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Unidirectional Charging Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Bidirectional Charging Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Bidirectional Charging Market by Country, 2023 - 2030, USD Million
TABLE 23 Europe Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 24 Europe Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 25 Europe Electric Vehicle Supply Equipment (EVSE) Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Electric Vehicle Supply Equipment (EVSE) Market by Country, 2023 - 2030, USD Million
TABLE 27 Europe Smart Meters Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Smart Meters Market by Country, 2023 - 2030, USD Million
TABLE 29 Europe Home Energy Management (HEM) Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Home Energy Management (HEM) Market by Country, 2023 - 2030, USD Million
TABLE 31 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 33 Europe Vehicle-To-Grid (V2G) Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Vehicle-To-Grid (V2G) Market by Country, 2023 - 2030, USD Million
TABLE 35 Germany Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 36 Germany Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 37 Germany Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 38 Germany Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 39 Germany Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 40 Germany Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 41 Germany Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 42 Germany Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 43 Germany Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 44 Germany Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 45 UK Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 46 UK Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 47 UK Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 48 UK Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 49 UK Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 50 UK Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 51 UK Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 52 UK Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 53 UK Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 54 UK Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 55 France Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 56 France Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 57 France Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 58 France Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 59 France Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 60 France Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 61 France Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 62 France Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 63 France Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 64 France Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 65 Russia Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 66 Russia Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 67 Russia Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 68 Russia Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 69 Russia Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 70 Russia Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 71 Russia Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 72 Russia Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 73 Russia Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 74 Russia Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 75 Netherlands Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 76 Netherlands Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 77 Netherlands Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 78 Netherlands Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 79 Netherlands Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 80 Netherlands Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 81 Netherlands Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 82 Netherlands Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 83 Netherlands Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 84 Netherlands Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 85 Norway Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 86 Norway Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 87 Norway Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 88 Norway Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 89 Norway Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 90 Norway Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 91 Norway Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 92 Norway Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 93 Norway Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 94 Norway Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 95 Rest of Europe Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 96 Rest of Europe Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 97 Rest of Europe Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 98 Rest of Europe Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 99 Rest of Europe Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 100 Rest of Europe Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 101 Rest of Europe Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 102 Rest of Europe Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 103 Rest of Europe Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 104 Rest of Europe Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 105 Key Information – ABB Group
TABLE 106 Key Information – Denso Corporation
TABLE 107 Key Information – hitachi ltd.
TABLE 108 key Information – Honda Motor Co. Ltd.
TABLE 109 Key Information – Indra Sistemas, S.A.
TABLE 110 Key information – Nissan Motor Corporation
TABLE 111 Key Information – nrg energy, inc.
TABLE 112 Key Information – Toyota Industries Corporation
TABLE 113 Key Information – Fermata Energy
TABLE 114 Key Information – Wallbox N.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Vehicle-To-Grid (V2G) Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Vehicle-To-Grid (V2G) Market
FIG 4 Porter’s Five Forces Analysis – Vehicle-To-Grid (V2G) Market
FIG 5 Europe Vehicle-To-Grid (V2G) Market share by Technology, 2022
FIG 6 Europe Vehicle-To-Grid (V2G) Market share by Technology, 2030
FIG 7 Europe Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2030, USD Million
FIG 8 Europe Vehicle-To-Grid (V2G) Market share by Vehicle Type, 2022
FIG 9 Europe Vehicle-To-Grid (V2G) Market share by Vehicle Type, 2030
FIG 10 Europe Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2030, USD Million
FIG 11 Europe Vehicle-To-Grid (V2G) Market share by Charging Type, 2022
FIG 12 Europe Vehicle-To-Grid (V2G) Market share by Charging Type, 2030
FIG 13 Europe Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2030, USD Million
FIG 14 Europe Vehicle-To-Grid (V2G) Market share by Component, 2022
FIG 15 Europe Vehicle-To-Grid (V2G) Market share by Component, 2030
FIG 16 Europe Vehicle-To-Grid (V2G) Market by Component, 2019 - 2030, USD Million
FIG 17 Europe Vehicle-To-Grid (V2G) Market share by Country, 2022
FIG 18 Europe Vehicle-To-Grid (V2G) Market share by Country, 2030
FIG 19 Europe Vehicle-To-Grid (V2G) Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: ABB Group
FIG 21 SWOT Analysis: ABB Group
FIG 22 SWOT Analysis: Denso Corporation
FIG 23 Recent strategies and developments: Hitachi, Ltd.
FIG 24 Swot Analysis: Hitachi, Ltd.
FIG 25 SWOT Analysis: Honda Motor Co. Ltd.
FIG 26 Swot Analysis: Indra Sistemas, S.A.
FIG 27 Swot Analysis: Nissan Motor Corporation
FIG 28 Swot Analysis: NRG Energy, Inc.
FIG 29 SWOT Analysis: Toyota Industries Corporation
FIG 30 Swot Analysis: Fermata Energy
FIG 31 Swot Analysis: Wallbox N.V.