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Vehicle-to-Grid (V2G) Chargers Market Share

Report ID: GMI11160
Published Date: Aug 2024
Report Format: PDF

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Vehicle-to-Grid Chargers Market Share

ABB and EnelX are the prominent players in the market holding approximately 19% of the market share in 2023. This bidirectional DC fast charger, designed for V2G applications, enables EVs to both charge and discharge energy back to the grid, thereby facilitating grid stabilization and energy management. The Terra Smart Connect emphasizes high efficiency and rapid charging, supporting a wide range of EV models. ABB offers a comprehensive suite of charging solutions compatible with V2G technology. Their chargers feature advanced connectivity and management capabilities, ensuring seamless integration into smart grid systems. ABB’s solutions prioritize high reliability, fast charging speeds, and energy efficiency.

Primarily a Level 2 home charger, the JuiceBox Pro 40 can be configured for V2G technology integration. It is designed with smart connectivity, allowing users to monitor and manage charging through an app, and supports future upgrades for bidirectional energy flow. The Enel X JuicePump 50, a Level 2 public charging station, offers high-speed charging and is compatible with V2G technology, supporting energy services such as grid stabilization and energy storage. These advancements in charging technology are pivotal in promoting sustainable energy solutions and enhancing the efficiency of modern power grids.

Vehicle-to-Grid Chargers Market Companies

Major players operating in the market are:

ABB
Nuvve Corporation
EnelX
Dreev (EDF Group)
EVBox
Siemens
BorgWarner, Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Market size for vehicle-to-Grid (V2G) chargers was USD 353.7 million in 2023 and is expected to register over 19.5% CAGR from 2024-2032 due to the solar and wind energy sources becoming more prevalent worldwide.

Vehicle-to-Grid (V2G) chargers industry from the level 2 segment reached USD 173.6 million in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to rising strategic collaborations between automakers and energy providers.

Europe industry held 41% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to robust policies and incentives in the region.

ABB, Nuvve Corporation, EnelX, Dreev (EDF Group), EVBox, Siemens, and BorgWarner, Inc., are some of the major Vehicle-to-Grid (V2G) chargers companies worldwide.