Vehicle to Grid Chargers Market to record USD 8.85 Bn growth; North America to have 35% market share -- Technavio

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Oct 05, 2022, 04:15 ET

NEW YORK, Oct. 5, 2022 /PRNewswire/ -- The "Vehicle to Grid Chargers Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 8.85 billion, accelerating at a CAGR of 33.37% during the forecast period. According to the report, the market will observe maximum growth in North America. The increasing adoption of electric vehicles is creating high demand in the region. The report provides a detailed analysis of the market size, regional growth opportunities, vendor landscape, key business segments, and others. Download PDF Report Sample

Technavio has announced its latest market research report titled Global Vehicle to Grid Chargers Market 2022-2026

The global vehicle to grid chargers market is fragmented due to the presence of a large number of vendors. The competition among vendors is limited. any vendors are partners in various demonstration projects funded by governments for the development of VGI technologies and to test the feasibility of VGI projects. In addition, they are developing standards for improving interoperability. Since the technology is still in the development stage, new vendors with specialized products can enter the market and gain some market shares.

The ability to meet the growing demand for electricity has been instrumental in driving the growth of the market. However, high dependency on governments for planning and investment might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The report identifies ABB Ltd., Cenex, Enel Spa, ENGIE SA, EVTEC AG, Honda Motor Co. Ltd., Hyundai Motor Group, Magnum CAP, Mitsubishi Motors Corp., Moixa Energy Holdings Ltd., Nissan Motor GB Ltd., Nuvve Holding Corp., Renault sas, Shell plc, The Mobility House GmbH, Toyota Motor Corp, UK Power Networks Operations Ltd., Liikennevirta Oy Ltd., and OVO Group Ltd. as major market participants. Request Sample Report Here

Vehicle to Grid Chargers Market 2022-2026: Segmentation

The global vehicle to grid chargers market is segmented as below:

End-user

Residential Chargers
Commercial Chargers

The residential chargers segment will have the largest share of the market during the forecast period. The segment is driven by increasing awareness about alternative energy sources.

Geography

North America
Europe
APAC
South America
The Middle East and Africa

North America will dominate market growth, occupying 35% of the global market share. The US and Canada are the key markets for the vehicle to grid chargers in North America. Market growth in this region will be faster than the growth of the market in other regions. 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 chargers market report covers the following areas:

Vehicle to Grid Chargers Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist the vehicle to grid chargers market growth during the next five years
Estimation of the vehicle to grid chargers 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 chargers 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 chargers market vendors

Related Reports:

Vehicle To Grid Chargers Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 33.37%
Market growth 2022-2026	USD 8.85 billion
Market structure	Fragmented
YoY growth (%)	20.07
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 35%
Key consumer countries	US, Canada, China, Japan, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	ABB Ltd., Cenex, Enel Spa, ENGIE SA, EVTEC AG, Honda Motor Co. Ltd., Hyundai Motor Group, Magnum CAP, Mitsubishi Motors Corp., Moixa Energy Holdings Ltd., Nissan Motor GB Ltd., Nuvve Holding Corp., Renault sas, Shell plc, The Mobility House GmbH, Toyota Motor Corp, UK Power Networks Operations Ltd., Liikennevirta Oy Ltd., and OVO Group Ltd.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

5.1 Market segments

Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

5.2 Comparison by End-user

Exhibit 26: Chart on Comparison by End-user
Exhibit 27: Data Table on Comparison by End-user

5.3 Residential chargers - Market size and forecast 2021-2026

Exhibit 28: Chart on Residential chargers - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Residential chargers - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Residential chargers - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Residential chargers - Year-over-year growth 2021-2026 (%)

5.4 Commercial chargers - Market size and forecast 2021-2026

Exhibit 32: Chart on Commercial chargers - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Commercial chargers - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Commercial chargers - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Commercial chargers - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by End-user

Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026

Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 UK - Market size and forecast 2021-2026

Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.10 China - Market size and forecast 2021-2026

Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.11 Canada - Market size and forecast 2021-2026

Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026

Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 Cenex

Exhibit 89: Cenex - Overview
Exhibit 90: Cenex - Product / Service
Exhibit 91: Cenex - Key offerings

10.4 Enel Spa

Exhibit 92: Enel Spa - Overview
Exhibit 93: Enel Spa - Business segments
Exhibit 94: Enel Spa - Key offerings
Exhibit 95: Enel Spa - Segment focus

10.5 ENGIE SA

Exhibit 96: ENGIE SA - Overview
Exhibit 97: ENGIE SA - Business segments
Exhibit 98: ENGIE SA - Key offerings
Exhibit 99: ENGIE SA - Segment focus

10.6 EVTEC AG

Exhibit 100: EVTEC AG - Overview
Exhibit 101: EVTEC AG - Product / Service
Exhibit 102: EVTEC AG - Key offerings

10.7 Hyundai Motor Group

Exhibit 103: Hyundai Motor Group - Overview
Exhibit 104: Hyundai Motor Group - Business segments
Exhibit 105: Hyundai Motor Group - Key offerings
Exhibit 106: Hyundai Motor Group - Segment focus

10.8 Liikennevirta Oy Ltd.

Exhibit 107: Liikennevirta Oy Ltd. - Overview
Exhibit 108: Liikennevirta Oy Ltd. - Product / Service
Exhibit 109: Liikennevirta Oy Ltd. - Key offerings

10.9 Magnum CAP

Exhibit 110: Magnum CAP - Overview
Exhibit 111: Magnum CAP - Product / Service
Exhibit 112: Magnum CAP - Key offerings

10.10 Mitsubishi Motors Corp.

Exhibit 113: Mitsubishi Motors Corp. - Overview
Exhibit 114: Mitsubishi Motors Corp. - Business segments
Exhibit 115: Mitsubishi Motors Corp. - Key offerings
Exhibit 116: Mitsubishi Motors Corp. - Segment focus

10.11 Nissan Motor GB Ltd.

Exhibit 117: Nissan Motor GB Ltd. - Overview
Exhibit 118: Nissan Motor GB Ltd. - Product / Service
Exhibit 119: Nissan Motor GB Ltd. - Key offerings

10.12 Nuvve Holding Corp.

Exhibit 120: Nuvve Holding Corp. - Overview
Exhibit 121: Nuvve Holding Corp. - Product / Service
Exhibit 122: Nuvve Holding Corp. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 123: Inclusions checklist
Exhibit 124: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 125: Currency conversion rates for US$

11.4 Research methodology

Exhibit 126: Research methodology
Exhibit 127: Validation techniques employed for market sizing
Exhibit 128: Information sources

11.5 List of abbreviations

Exhibit 129: List of abbreviations

The global rise in the number of EVs is driven by the need for energy independence and

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