The Vehicle-to-Grid Technology Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Vehicle-to-Grid Technology Market?
The global market for vehicle-to-grid technology has seen a substantial expansion in recent years. The market size is predicted to increase from $4.15 billion in 2024 to $5.14 billion in 2025, displaying a compound annual growth rate (CAGR) of 23.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Vehicle-to-Grid Technology Industry?
The Vehicle-to-Grid Technology Global Market is predicted to reach a market size of $11.86 billion in 2029, growing at a compound annual growth rate (CAGR) of 23.2%.
Download Your Free Sample of the 2025 Vehicle-to-Grid Technology Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Vehicle-to-Grid Technology Market?
The key drivers in the vehicle-to-grid technology market are:
• Expansion of electric vehicle fleets
• Grid decentralization and distributed energy resources
• Integration with smart grids and demand response programs
• Pursuit of environmental sustainability goals
Global Market Segmentation: Identifying Major Vehicle-to-Grid Technology Industry Segments
The vehicle-to-grid technology market covered in this report is segmented –
1) By Component: Electric Vehicle Supply Equipment (EVSE), Home Energy Management (HEM) System, Smart Meters, Software Solutions
2) By Charging Type: Unidirectional Charging, Bidirectional Charging
3) By Vehicle Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)
4) By Application: Reactive Power, Baseload Power, Spinning Reserves, Peak Power Sales, Other Applications
Pre-order the 2025 Vehicle-to-Grid Technology Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Vehicle-to-Grid Technology Market?
The key trends in the vehicle-to-grid technology market are:
• The market is seeing collaborations between automakers and utilities as a notable trend.
• Introduction of V2G-capable charging stations is shaping the market.
• Expansion of V2G pilot programs and demonstrations is a significant trend.
• Integration with renewable energy sources, regulatory support and standardization initiatives are influencing the future of the market.
Who Are the Top Competitors & Leading Players in the Vehicle-to-Grid Technology Market?
Major companies in the vehicle-to-grid technology market are:
• Volkswagen AG
• Toyota Corporation
• Ford Motor Company
• MercGroup AG
• General Motors Company
• Bayerische Motoren Werke AG
• Hyundai Motor Co Ltd.
• Robert Bosch GmbH
• Nissan Motor Co Ltd.
• Kiaon
• BYD Company Limited
• Audi AG
• Volvo Group AB
• Mitsubishi Electric Corporation
• Jaguar Land Rover Automotive plc
• NIO Inc.
• Li Auto Inc.
• XPeng Inc.
• Rivian Automotive Inc.
• Polestar AB
• Lucid Motors Inc.
• Fisker Inc.
• Lordstown Motors Corp
• Canoo Inc.
• Arrival Ltd.
• Proterra Inc.
• Faraday Future Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the vehicle-to-grid technology market in 2024
