DUBLIN, May 26, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Vehicle to Grid Market 2017-2021" report to their offering.
The analysts forecast the global vehicle to grid market to grow at a CAGR of 18.08% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global vehicle to grid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in market is increasing popularity of EVs through government initiatives. EVs were introduced in the early 1990s, however, they lacked popularity among end-users in the initial years. Increased marketing by vendors and widespread awareness has led to a rise in the popularity of EVs. Benefits such as low air and noise pollution are majorly triggering their demand in the market. Ford offers a detailed explanation of different options of EVs and technologies on its website.
According to the report, one driver in market is change in grid structure allowing decentralized power generation. The power system has undergone dramatic technical and institutional changes over the years. This has occurred due to the deregulation of the power industry, introduction of the smart grid, and the expansion of power generation resources that are connected to the grid. Energy policies in the majority of countries focus on the need for a clean, affordable, and reliable energy supply. This has resulted in power to be generated from low-carbon or no carbon fuels. Utilities and energy companies are making efforts to accommodate these fuels by changing the functioning of the grid.
Further, the report states that one challenge in market is competition from alternative technologies. The V2G technology is a relatively new technology. It is used for power regulation, storing of energy, balancing the grid, peak hour shaving, and powering a home. However, the technology has been facing competition from well-established and accepted technologies, such as batteries and fuel cells that have much higher penetration rates. Batteries and fuel cells have a wide area of application.
- AC Propulsion
Other prominent vendors
- Boulder Electric Vehicle
- Ford Motor Company
- Mitsubishi Motors
- Tesla Motors
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by technology
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/cm4l3j/global_vehicle_to
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets