Friday 1 May 2015, Amsterdam
The report recognizes the following companies as the key players in the Global V2G Market: AC Propulsion Inc., Boulder Electric Vehicle, Coritech Services Inc. and EV Grid Inc.
Other Prominent Vendors in the market are: DENSO, Greenlots, Mitsubishi Motors, NextEnergy, Nissan, NRG Energy and Toyota Global
The report said: “Increase in the number of EV charging stations is one of the major trends witnessed in the market. The number of EV charging stations is expected to grow significantly during the forecast period. Government incentives and subsidies on EV charging stations, and the increasing sales of EVs contribute to the growing number of charging stations worldwide.”
According to the report, the ability of V2G to meet high electric load demands is one of the major drivers in the market. V2G technology enables the use of EVs as distributed storage devices, with the stored power being utilized to feed the system in situations of peak load or for usage in homes or offices.
Further, the report states that the low availability of V2G supply during periods of peak demand poses a challenge for the market. Peak load management and demand response are the major functions of V2G technology, making the availability of a sufficient number of EVs to fulfil the demand a major concern for the market growth.
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.