Global Vehicle to Grid Chargers Market 2018-2022
About Vehicle to Grid Chargers
Vehicle to grid chargers are EVs chargers that are bi-directional and can be used to charge the vehicle and to transfer energy from the vehicle to charging unit to meet the electricity demand during peak hours.
Technavio’s analysts forecast the global vehicle to grid chargers market to grow at a CAGR of 50.05% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global vehicle to grid chargers market for 2018-2022. 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.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Vehicle to Grid Chargers Market 2018-2022
Technavio recognizes the following companies as the key players in the global vehicle to grid chargers market: DriveElectric, Enel, Hyundai Mobis, OVO Energy, and Shell.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rapid deployment of smart grids. Smart grids include supervisory control and data acquisition systems, smart energy meters, and other communication networks. This enables smart grids to provide the necessary platform for vehicle-grid infrastructure.”
According to the report, one driver in the market is advancement in better technology. There is a growing adoption of EVs due to the need to reduce the dependence on fossil fuels and reduce pollution and the availability of incentives from governments of various countries to build the necessary infrastructure.
Further, the report states that one challenge in the market is high infrastructure cost. Vehicle to grid services require extensive charging and discharging facilities for the battery to be used to its full potential. The number of EVs to be managed for providing a significant vehicle to grid supply makes it an expensive process.
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