The report. now available on ASDReports, recognizes the following companies as the key players in the Global Vehicle Grid Integration Technologies Market: AC Propulsion Inc., Coritech Services Inc, Denso Corporation, and Hitachi Ltd.
Other Prominent Vendors in the market are: Autoport, BMW, Daimler, Honda and Kisensum.
Commenting on the report, an analyst said: “EVs were introduced in the early 1990s but lacked popularity among end-users in the initial years. However, increased marketing by vendors and widespread awareness has led to a rise in the popularity of EVs. Benefits such as low air and noise pollution are some of the major factors triggering its demand in the market.”
According to the report, EVs have the potential to reduce pollution and the dependency on fossil fuels. The governments of various countries are providing incentives and building necessary infrastructure to support the adoption of these vehicles. As a result, the number of EVs has been growing steadily.
Further, the report states that V2G services require extensive charging and discharging facilities for the battery to be used to its full potential. Though smart grid technologies manage V2G supply, different charging or discharging points, smart parking spaces, billing meters, and wireless and wired communication systems require substantial investments.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.