The Latin America, Middle East and Africa Vehicle-To-Grid (V2G) Market would witness market growth of 26.7% CAGR during the forecast period (2023-2030).
The implications of V2G extend far beyond energy management. At its essence, V2G embodies a paradigm shift in how the perceive and interact with transportation and energy infrastructure. It represents a holistic approach to sustainability, where the synergies between transportation electrification and renewable energy integration are leveraged to drive positive environmental, economic, and societal outcomes.
Developing advanced bidirectional charging infrastructure is a key trend in the market. Innovations in charging technology, such as bi-directional inverters and smart charging stations, enable seamless communication and power exchange between EVs and the grid, unlocking new opportunities for V2G applications. Grid integration and smart grid solutions are crucial in enabling V2G deployment at scale. By integrating with distribution networks, grid management systems, and energy markets, V2G systems can deliver grid services, including demand response, peak trimming, and frequency regulation, thereby enhancing the stability and dependability of the grid.
Likewise, the number of growing initiatives in Dubai's EV industry provides a growth environment for the market. According to the International Trade Administration (ITA), Dubai's electric vehicle landscape is significantly expanding. The estimated number of EVs in Dubai was around 7,331 in 2023, with projections indicating a rise to 12,852 by 2025. This aligns with Dubai's Green Mobility Strategy 2030, which outlines ambitious targets, stipulating that 30% of public sector vehicles and 10% of total vehicle sales in the region should be electric and hybrid by 2030. In conclusion, the growing prevalence of EVs and the high production of automobiles drive the market's growth.
The Brazil market dominated the LAMEA 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 $319.2 Million by 2030. The Argentina market is showcasing a CAGR of 27.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 26.1% during (2023 - 2030).
Free Valuable Insights: The Worldwide Vehicle-To-Grid (V2G) Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 4 LAMEA Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 5 LAMEA Power Management Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Power Management Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Software Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Software Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 10 LAMEA Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 11 LAMEA Battery Electric Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Battery Electric Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Plug In Hybrid Electric Vehicles Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Plug In Hybrid Electric Vehicles Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Fuel Cell Vehicles (FCVs) Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Fuel Cell Vehicles (FCVs) Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 18 LAMEA Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 19 LAMEA Unidirectional Charging Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Unidirectional Charging Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Bidirectional Charging Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Bidirectional Charging Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 24 LAMEA Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 25 LAMEA Electric Vehicle Supply Equipment (EVSE) Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Electric Vehicle Supply Equipment (EVSE) Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Smart Meters Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Smart Meters Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Home Energy Management (HEM) Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Home Energy Management (HEM) Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Vehicle-To-Grid (V2G) Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Vehicle-To-Grid (V2G) Market by Country, 2023 - 2030, USD Million
TABLE 35 Brazil Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 36 Brazil Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 37 Brazil Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 38 Brazil Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 39 Brazil Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 40 Brazil Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 41 Brazil Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 42 Brazil Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 43 Brazil Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 44 Brazil Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 45 Argentina Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 46 Argentina Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 47 Argentina Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 48 Argentina Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 49 Argentina Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 50 Argentina Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 51 Argentina Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 52 Argentina Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 53 Argentina Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 54 Argentina Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 55 UAE Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 56 UAE Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 57 UAE Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 58 UAE Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 59 UAE Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 60 UAE Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 61 UAE Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 62 UAE Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 63 UAE Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 64 UAE Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 69 Saudi Arabia Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 71 Saudi Arabia Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 73 Saudi Arabia Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 74 Saudi Arabia Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 75 South Africa Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 76 South Africa Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 77 South Africa Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 78 South Africa Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 79 South Africa Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 80 South Africa Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 81 South Africa Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 82 South Africa Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 83 South Africa Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 84 South Africa Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 85 Nigeria Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 86 Nigeria Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 87 Nigeria Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 88 Nigeria Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 89 Nigeria Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 90 Nigeria Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 91 Nigeria Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 92 Nigeria Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 93 Nigeria Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 94 Nigeria Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Million
TABLE 95 Rest of LAMEA Vehicle-To-Grid (V2G) Market, 2019 - 2022, USD Million
TABLE 96 Rest of LAMEA Vehicle-To-Grid (V2G) Market, 2023 - 2030, USD Million
TABLE 97 Rest of LAMEA Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2022, USD Million
TABLE 98 Rest of LAMEA Vehicle-To-Grid (V2G) Market by Technology, 2023 - 2030, USD Million
TABLE 99 Rest of LAMEA Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 100 Rest of LAMEA Vehicle-To-Grid (V2G) Market by Vehicle Type, 2023 - 2030, USD Million
TABLE 101 Rest of LAMEA Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2022, USD Million
TABLE 102 Rest of LAMEA Vehicle-To-Grid (V2G) Market by Charging Type, 2023 - 2030, USD Million
TABLE 103 Rest of LAMEA Vehicle-To-Grid (V2G) Market by Component, 2019 - 2022, USD Million
TABLE 104 Rest of LAMEA Vehicle-To-Grid (V2G) Market by Component, 2023 - 2030, USD Millions
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 LAMEA 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 LAMEA Vehicle-To-Grid (V2G) Market share by Technology, 2022
FIG 6 LAMEA Vehicle-To-Grid (V2G) Market share by Technology, 2030
FIG 7 LAMEA Vehicle-To-Grid (V2G) Market by Technology, 2019 - 2030, USD Million
FIG 8 LAMEA Vehicle-To-Grid (V2G) Market share by Vehicle Type, 2022
FIG 9 LAMEA Vehicle-To-Grid (V2G) Market share by Vehicle Type, 2030
FIG 10 LAMEA Vehicle-To-Grid (V2G) Market by Vehicle Type, 2019 - 2030, USD Million
FIG 11 LAMEA Vehicle-To-Grid (V2G) Market share by Charging Type, 2022
FIG 12 LAMEA Vehicle-To-Grid (V2G) Market share by Charging Type, 2030
FIG 13 LAMEA Vehicle-To-Grid (V2G) Market by Charging Type, 2019 - 2030, USD Million
FIG 14 LAMEA Vehicle-To-Grid (V2G) Market share by Component, 2022
FIG 15 LAMEA Vehicle-To-Grid (V2G) Market share by Component, 2030
FIG 16 LAMEA Vehicle-To-Grid (V2G) Market by Component, 2019 - 2030, USD Million
FIG 17 LAMEA Vehicle-To-Grid (V2G) Market share by Country, 2022
FIG 18 LAMEA Vehicle-To-Grid (V2G) Market share by Country, 2030
FIG 19 LAMEA 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.