Global Vehicle-To-Grid Technology Market

  • 4100.00 Dollar US$
  • Published date: June 5, 2021
    • Pune, Pune, Maharashtra, India [ Ad Id - 132037 | Ad Views - 4 ]

Global Vehicle-To-Grid Technology Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2026, at CAGR of XX% during forecast period.

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The global vehicle-to-grid market is expected to witness surging growth thanks to increasing electricity demand worldwide. It delivers a mechanism to meet the requirements of the electric power system by using parked electric automobiles. When aggregated and connected in large numbers, it can be used to disperse energy storage for intermittent power usage. It offers the common benefits of transportation and the electric power system. It decreases the strain on petroleum as well as strengthens the economy.

Re-electrification of automobile transportation and improvement of the existing power grid are expected to increase the demand over the forecast period. New product development may give industry players an edge over the other competitors. It also helps in reducing the greenhouse effect, and thus improves the quality of the environment. These automobiles will also decrease noxious emissions and reduce ecological and climate changes. These environmental benefits may boost the vehicle-to-grid market growth over the forecast period. As well, new industry or existing players are expected to enter into this segment over the forecast period because of growth opportunities.

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