Report Code : CVMI1604202504 | Published Date : April 16, 2025

The global vehicle-to-grid (V2G) market has surged from USD 1.2 billion in 2019 to USD 4.8 billion in 2023, reflecting a 41.5% CAGR, with projections reaching USD 27.3 billion by 2031, indicating a 28.7% CAGR. Three energy revolutions are propelling this exponential growth:

2024 V2G Breakthroughs

  • Bidirectional Charging Standardization:
    • ISO 15118-20 finalized for 500 kW ultra-fast V2G
    • Tesla's CyberVault provides 11.5 kW of home backup power.
  • Grid Service Monetization:
    • Nissan Leaf owners earning USD 1,200 per year in California
    • The UK's National Grid pays £0.50 per kWh for emergency discharge.
  • Fleet-as-a-Resource:
    • Amazon's Rivian EDVs provide 150 MW of grid balancing.

 

2. Market Drivers

Regulatory Tailwinds

  • FERC Order 2222:
    • Mandates aggregated DER participation in US wholesale markets
    • Unlocks $ 3.2 billion/year in V2G revenue by 2027
  • EU's AFIR Regulation:
    • Requires bidirectional capability on all new public chargers by 2025

 

Battery Technology Enablers

  • Cycling Resilience:
    • CATL's 16,000-cycle LFP cells lose only 10% capacity
    • QuantumScape's solid-state handles 50,000 V2G cycles
  • Thermal Management:
    • 3M's dielectric coolant enables 500kW transfers without degradation

 

Energy Market Economics

  • Peak Shaving Value:
    • 1,000 EVs can replace a 100MW peaker plant
    • PG&E's V2G tariff pays USD 1.75/kWh during alerts
  • Frequency Regulation:
    • UK's Dynamic Containment delivers £60/MW/h

 

3. Competitive Landscape

Market Share Analysis (Q4 2024)

Company

Market Share

Flagship Innovation

Strategic Edge

Nuvve

31%

GIVe™ cloud aggregation platform

85+ utility partnerships

Fermata Energy

XX%

UL 9741-certified bidirectional chargers

DoD microgrid contracts

Wallbox

XX%

Quasar 2 (11.5kW home V2H/V2G)

Tesla/Ford OEM deals

Ovo Energy

XX%

Vehicle-to-Business (V2B) tariffs

500,000 UK EV customers

Emerging Disruptors

  • dcbel: Solar-integrated V2H systems with AI energy routing
  • The Mobility House: Fleet optimization algorithms for reducing TCO

 

4. Market Segmentation

By Power Capacity

  • <10kW (Residential - 42% share):
    • Home backup systems growing at 39% CAGR
  • 10-50kW (Commercial - XX%):
    • Fleet depots dominate with 5-hour discharge cycles
  • >50kW (Utility-scale - XX%):
    • ISO markets participation most lucrative

 

By Vehicle Type

  • Passenger EVs (58%):
    • Nissan/Tesla/Ford lead adoption
  • Commercial Fleets (XX%):
    • Last-mile delivery vans ideal for midday discharge
  • School Buses (XX%):
    • Lion Electric's V2G buses earn USD 6,000/year

 

By Region

  • North America (39% share):
    • FERC Order 2222: Accelerating Adoption
  • Europe (XX%):
    • EU's AFIR creating V2G mandate
  • Asia-Pacific (XX%):
    • China's GB/T 2023.4 standard finalized

 

5. Recent Developments (2024)

  • November 2024: Tesla CyberVault achieves UL 9741 certification
  • September 2024: UK's 2GW V2G tender awarded to Ovo/Nuvve consortium
  • July 2024: PG&E's 500MW V2G program launches with USD 200M incentives




Reasons To Buy

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Scope

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V2G Technologies Market Report

  1. 1. V2G Technologies Market Research Report
    1. 1.1 Study Objectives
      1.2 V2G Technologies Market - Overview
      1.3 Reason to Read This Report
      1.4 Methodology and Forecast Analysis


      2.  
    1. 2. V2G Technologies Market Research Report - Preface
      1. 2.1 V2G Technologies Market Research Report – Detailed Scope and Definitions
        1. 2.1.1 By Power Capacity
          2.1.2 By Vehicle Type
          2.1.3 By Region


          2.  
    1. 3. V2G Technologies Market Dynamics
      1. 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
        3.2. Restraints – By Power Capacity, By Vehicle Type, By Country
        3.3. Opportunities – By Power Capacity, By Vehicle Type, By Country
        3.4. Trends – By Power Capacity, By Vehicle Type, By Country
        3.5. PEST Analysis
        3.6. Porters Five Rule Analysis
        3.7. Company’s Share Analysis (CSA) by Region or By Country
        3.8. V2G Technologies Market Research Report – DROTs Impact Analysis


        2.  
    1. 4. V2G Technologies Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
      1. 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
        4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
        4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


        2.  
    1. 5. V2G Technologies Market, By Power Capacity, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
      1. 5.1 <10kW 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
        5.2 10-50kW 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
        5.3 >50kW 5.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        5.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        5.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        5.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


        2.  
      6. V2G Technologies Market, By Vehicle Type, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
      1. 6.1 Passenger EVs 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
        6.2 Commercial Fleets 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
        6.3 School Buses 6.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
        6.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
        6.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
        6.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


        2.  
    1. 7. V2G Technologies Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
      1. 7.1 North America
        1. 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
          7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
          7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
          7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


          2.  
        7.2 Europe
        1. 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
          7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
          7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
          7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


          2.  
        7.3 Asia-Pacific
        1. 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
          7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
          7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
          7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


          2.  
        7.4 Latin America
        1. 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
          7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
          7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
          7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


          2.  
        7.5 Middle East and Africa
        1. 7.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
          7.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
          7.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
          7.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031


          2.  
        7.6 V2G Technologies Market - Opportunity Analysis Index, By Power Capacity, By Vehicle Type, and Region, 2024 - 2031
    1. 8. North America V2G Technologies Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
      1. 8.1 By Power Capacity Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 8.1.1 <10kW
          8.1.2 10-50kW
          8.1.3 >50kW


          2.  
        8.2 By Vehicle Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 8.2.1 Passenger EVs
          8.2.2 Commercial Fleets
          8.2.3 School Buses


          2.  
        8.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 8.3.1 U.S
          8.3.2 Canada


          2.  
        8.4 North America V2G Technologies Market – Opportunity Analysis Index, By Power Capacity, By Vehicle Type, and Country, 2024 - 2031
        8.5 Regional Trends Analysis
        8.6 North America V2G Technologies Market Research Report - Company Profiles
        1. 8.6.1 Company 1 (U.S)
          8.6.2 Company 2 (Canada)
          8.6.3 Company 3 (Canada)


          2.  
      9. Europe V2G Technologies Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
      1. 9.1 By Power Capacity Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 9.1.1 <10kW
          9.1.2 10-50kW
          9.1.3 >50kW


          2.  
        9.2 By Vehicle Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 9.2.1 Passenger EVs
          9.2.2 Commercial Fleets
          9.2.3 School Buses


          2.  
        9.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 9.3.1 Germany
          9.3.2 UK
          9.3.3 France
          9.3.4 Spain
          9.3.5 Italy
          9.3.6 Russia
          9.3.7 Poland and Rest of Europe


          2.  
        9.4 Europe V2G Technologies Market – Opportunity Analysis Index, By Power Capacity, By Vehicle Type, and Country, 2024 - 2031
        9.5 Regional Trends Analysis
        9.6 Europe V2G Technologies Market Research Report - Company Profiles
        1. 9.6.1 Company 1 (Germany)
          9.6.2 Company 2 (UK)
          9.6.3 Company 3 (UK)


          2.  
      10. Asia-Pacific V2G Technologies Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
      1. 10.1 By Power Capacity Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 10.1.1 <10kW
          10.1.2 10-50kW
          10.1.3 >50kW


          2.  
        10.2 By Vehicle Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 10.2.1 Passenger EVs
          10.2.2 Commercial Fleets
          10.2.3 School Buses


          2.  
        10.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 10.3.1 Japan
          10.3.2 China
          10.3.3 India
          10.3.4 ASEAN
          10.3.5 Australia & New Zealand
          10.3.6 Rest of Asia-Pacific


          2.  
        10.4 Asia-Pacific V2G Technologies Market – Opportunity Analysis Index, By Power Capacity, By Vehicle Type, and Country, 2024 - 2031
        10.5 Regional Trends Analysis
        10.6 Asia-Pacific V2G Technologies Market Research Report - Company Profiles
        1. 10.6.1 Company 1 (Japan)
          10.6.2 Company 2 (China)
          10.6.3 Company 3 (China)


          2.  
      11. Latin America V2G Technologies Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
      1. 11.1 By Power Capacity Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 11.1.1 <10kW
          11.1.2 10-50kW
          11.1.3 >50kW


          2.  
        11.2 By Vehicle Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 11.2.1 Passenger EVs
          11.2.2 Commercial Fleets
          11.2.3 School Buses


          2.  
        11.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 11.3.1 Brazil
          11.3.2 Mexico
          11.3.3 Argentina
          11.3.4 Rest of Latin America


          2.  
        11.4 Latin America V2G Technologies Market – Opportunity Analysis Index, By Power Capacity, By Vehicle Type, and Country, 2024 - 2031
        11.5 Regional Trends Analysis
        11.6 Latin America V2G Technologies Market Research Report - Company Profiles
        1. 11.6.1 Company 1 (Brazil)
          11.6.2 Company 2 (Mexico)
          11.6.3 Company 3 (Mexico)


          2.  
      12. Middle East and Africa V2G Technologies Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
      1. 12.1 By Power Capacity Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 12.1.1 <10kW
          12.1.2 10-50kW
          12.1.3 >50kW


          2.  
        12.2 By Vehicle Type Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 12.2.1 Passenger EVs
          12.2.2 Commercial Fleets
          12.2.3 School Buses


          2.  
        12.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
        1. 12.3.1 Gulf Cooperation Council (GCC) Countries
          12.3.2 Israel
          12.3.3 South Africa
          12.3.4 Rest of MEA


          2.  
        12.4 Middle East and Africa V2G Technologies Market – Opportunity Analysis Index, By Power Capacity, By Vehicle Type, and Country, 2024 - 2031
        12.5 Regional Trends Analysis
        12.6 Middle East and Africa V2G Technologies Market Research Report - Company Profiles
        1. 12.6.1 Company 1 (Gulf Cooperation Council (GCC) Countries)
          12.6.2 Company 2 (Israel)
          12.6.3 Company 3 (Israel)


          2.  
      13. Competition Landscape
      1. 13.1 Strategic Dashboard of Top Market Players
        13.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
        1. 13.2.1 Nuvve
          13.2.2 Fermata Energy
          13.2.3 Wallbox
          13.2.4 Ovo Energy


          2.  
    1. 14. Data Collection Method and Research Approach


      2.  
    1. 15. Principal Presumptions and Acronyms



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