The global vehicle-to-grid market is projected to grow at a blistering growth rate during the forecast period 2012-2020. The key enablers of V2G transition will be the smart grid, as well as the evolution of high performance vehicle batteries. The V2G advancement and adoption are expected to be driven by global smart grid deployments, renewable energy policy, increasing energy costs, consumer and business environmental awareness, green stimulus packages, a decline in the price for V2G vehicles, strong demand for HEV/PHEV, financial viability pressures of auto manufacturers, and a shift towards universal standard adoption. In terms of geographic region, North America is projected to lead the growth in 2015, while Asia-Pacific is projected to lead the market in 2020. The Rest of World region is expected to have a moderate growth through out the forecast period.
The ongoing and upcoming smart grid projects, state and federal government subsidies EV buyers, increased awareness in the people about the green cars, nations pressure on carbon emission reductions and challenge of meeting the increased power demand in future among others act as key drivers for V2G adoption in the US. On the other hand, the US market also faces some barriers for growth of electric vehicles, which include upfront cost of EVs, range anxiety, availability of charging infrastructure, technology uncertainty, and lack of information about significant benefits and challenges of EVs for users among others.
Currently, technology and policy to make V2G legal, possible, and desirable are being developed. No OEM vehicle manufacturers build vehicles capable of feeding electricity back to the grid, though some are working on it. In the US, Delaware is the only state where energy sent to the grid from a V2G vehicle must be net-metered, though most states require net-metering for all renewable electricity sources, and in most cases V2G vehicles could piggy-back on these renewable energy policies. Net-metering is necessary for V2G (bidirectional power flow) to be workable. All ISOs in the US send command signals for frequency regulation, so most of the US population could sell V2G regulation services.
The emerging smart grid markets and fast developing V2G concept will open opportunities for every segment of the global V2G market. The policy initiatives, development in power electronics and the opening of electricity markets across nations creating opportunities for electric-drive vehicles. The adoption of V2G/electric vehicles (EVs) over the next several years is expected to be accompanied by significant investment in EV charging infrastructure including public, private, workplace, and residential charging equipment. Also, there are only a small handful of players developing V2G hardware and software, leaving ample business opportunities for new entrants and partnerships in this area.
In future, V2G is expected to gain acceptance, not as widely as the EVs though. By 2012, V2G could be operational in many large vehicle fleets in multiple RTO/ISO territories, as well as in some private early adopters’ vehicles. Various OEMs are expected to manufacture grid interactive vehicles with the communications systems to respond to external signals. By 2020, most OEM vehicles are likely to be grid interactive, while some OEMs are expected to offer vehicles with power electronics which are capable of supporting bi-directional power flow.
– Market Forecasts of V2G Vehicle Units, V2G Vehicle Market Value, V2G Infrastructure, V2G Technology, V2G Grid Revenues during the period 2012-2020.
– Regional Analysis of V2G Vehicle Units, V2G Vehicle Market Value, V2G Infrastructure, V2G Technology, V2G Grid Revenues during the period 2012-2020.
– Market Share by Region of V2G Vehicle Units, V2G Vehicle Market Value, V2G Infrastructure, V2G Technology, V2G Grid Revenues for the years 2012 and 2020.
– Policy and regulatory framework governing the EV and smart grid markets, the key enablers of V2G market.
– Key Barriers and Restraints for the growth of V2G in various regions.
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to.
– To understand V2G concept, its economic value and other benefits and capabilities.
– Facilitate decision-making based on forecast data for next generation electric vehicles.
– Develop market entry strategies based on the ongoing V2G activity across the world.
– Position yourself to gain the advantage of early entrants of the highly prospective V2G market.
– Identify key partners and business development avenues for players in EV space.
Key Topics Covered:
1 Table of contents 1.1 List of Tables 1.2 List of Figures
2 Introduction 2.1 Smart Grid Technology for V2G 2.2 Electric Vehicles and Grid Interconnection 2.3 V2G Projects 2.4 Opportunities in the Global Vehicle-to-Grid (V2G) Market 2.5 Report Guidance
3 Global Vehicle-to-Grid (V2G) Market Market Sizing, Analysis and Forecasts to 2020 3.1 Global V2G Vehicle Units 3.2 Global V2G Vehicle Market 3.3 Global V2G Infrastructure Market 3.4 Global V2G Technology Market 3.5 Global V2G Grid Revenues
4 North American Vehicle-to-Grid (V2G) Market Market Sizing, Analysis and Forecasts to 2020 4.1 The US V2G Market 4.2 Canada V2G Market
5 European Vehicle-to-Grid (V2G) Market Market Sizing, Analysis and Forecasts to 2020 5.1 The UK V2G Market 5.2 Germany V2G Market 5.3 Denmark V2G Market
6 Asia-Pacific Vehicle-to-Grid Market – Market Sizing, Analysis and Forecasts to 2020 6.1 Japan V2G Market 6.2 China Vehicle-to-Grid (V2G) Market
7 Rest of World Vehicle-to-Grid Market Market Sizing, Analysis and Forecasts to 2020 7.1 Rest of World V2G Vehicle Units 7.2 Rest of World V2G Vehicle Market 7.3 Rest of World V2G Infrastructure Market 7.4 Rest of World V2G Technology Market 7.5 Rest of World V2G Grid Revenues
8 Key Developments and Trends in the Global Vehicle-to-Grid (V2G) Market
9 Competitive Landscape of the Key Players in the Global Vehicle-to-Grid (V2G) Market
10 Appendix 10.1 Market Definitions 10.2 Abbreviations 10.3 About Smart Grid eTrack 10.4 Methodology 10.5 Contact Us 10.6 Disclaimer