The global Vehicle-To-Grid (V2G) market size was US$ 79.9 million in 2024 and is forecast to a readjusted size of US$ 5217 million by 2031 with a CAGR of 82.9% during the forecast period 2025-2031.
Vehicle-to-grid, or V2G technology, is defined as a system that is capable of controlling the bidirectional flow of electricity between the vehicle and the grid. Electricity flows from the grid to the vehicle to charge the battery. Also, electricity can flow back from the vehicle to the grid when required. A majority of the time, electric vehicles are not in use. During this idle time, the batteries of these vehicles can be utilized for supplying electricity back to the grid.
Global vehicle-to-grid (V2G) core manufacturers include NUVVE, Enel Energia, The Mobility House and State Grid. The top three manufacturers account for approximately 62% of the global share. NUVVE is the world's largest vehicle-to-grid manufacturer, with a market share of approximately 23%.
From a production perspective, the United States&Canada, Europe and China are the world's major vehicle-to-grid production regions, with the three together accounting for more than 86% of the market share.
In terms of product types, two-way V2G occupies a dominant position, accounting for 80% of the market share. At the same time, in terms of applications, pure electric vehicles are the largest application field, accounting for 72%.
The global Vehicle-To-Grid (V2G) market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on revenue and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
NUVVE
Enel Energia
The Mobility House
China State Grid
Fermata Energy
E.ON
ActewAGL
KEPCO
EDF Energy
ABB
Tokyo Electric Power
By Type: (Dominant Segment vs High-Margin Innovation)
Unidirectional V2G
Bidirectional V2G
By Application: (Core Demand Driver vs Emerging Opportunity)
Battery Electric Vehicles
Plug-In Hybrid Electric Vehicles
Fuel Cell Vehicles
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., NUVVE in Europe)
- Emerging Product Trends: Unidirectional V2G adoption vs. Bidirectional V2G premiumization
- Demand-Side Dynamics: Battery Electric Vehicles growth in China vs. Plug-In Hybrid Electric Vehicles potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
Japan
South Korea
Australia
China
Middle East, Africa, and Latin America
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Vehicle-To-Grid (V2G) market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Bidirectional V2G in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Plug-In Hybrid Electric Vehicles in India).
Chapter 6: Regional revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Vehicle-To-Grid (V2G) value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market by Type
1.2.1 Global Market Size Growth by Type: 2020 VS 2024 VS 2031
1.2.2 Unidirectional V2G
1.2.3 Bidirectional V2G
1.3 Market by Application
1.3.1 Global Market Share by Application: 2020 VS 2024 VS 2031
1.3.2 Battery Electric Vehicles
1.3.3 Plug-In Hybrid Electric Vehicles
1.3.4 Fuel Cell Vehicles
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Vehicle-To-Grid (V2G) Market Perspective (2020-2031)
2.2 Global Market Size by Region: 2020 VS 2024 VS 2031
2.3 Global Vehicle-To-Grid (V2G) Revenue Market Share by Region (2020-2025)
2.4 Global Vehicle-To-Grid (V2G) Revenue Forecast by Region (2026-2031)
2.5 Major Region and Emerging Market Analysis
2.5.1 North America Vehicle-To-Grid (V2G) Market Size and Prospective (2020-2031)
2.5.2 Europe Vehicle-To-Grid (V2G) Market Size and Prospective (2020-2031)
2.5.3 Japan Vehicle-To-Grid (V2G) Market Size and Prospective (2020-2031)
2.5.4 South Korea Vehicle-To-Grid (V2G) Market Size and Prospective (2020-2031)
2.5.5 Australia Vehicle-To-Grid (V2G) Market Size and Prospective (2020-2031)
2.5.6 China Vehicle-To-Grid (V2G) Market Size and Prospective (2020-2031)
2.5.7 Middle East, Africa, and Latin America Vehicle-To-Grid (V2G) Market Size and Prospective (2020-2031)
3 Breakdown Data by Type
3.1 Global Vehicle-To-Grid (V2G) Historic Market Size by Type (2020-2025)
3.2 Global Vehicle-To-Grid (V2G) Forecasted Market Size by Type (2026-2031)
3.3 Different Types Vehicle-To-Grid (V2G) Representative Players
4 Breakdown Data by Application
4.1 Global Vehicle-To-Grid (V2G) Historic Market Size by Application (2020-2025)
4.2 Global Vehicle-To-Grid (V2G) Forecasted Market Size by Application (2026-2031)
4.3 New Sources of Growth in Vehicle-To-Grid (V2G) Application
5 Competition Landscape by Players
5.1 Global Top Players by Revenue
5.1.1 Global Top Vehicle-To-Grid (V2G) Players by Revenue (2020-2025)
5.1.2 Global Vehicle-To-Grid (V2G) Revenue Market Share by Players (2020-2025)
5.2 Global Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
5.3 Players Covered: Ranking by Vehicle-To-Grid (V2G) Revenue
5.4 Global Vehicle-To-Grid (V2G) Market Concentration Analysis
5.4.1 Global Vehicle-To-Grid (V2G) Market Concentration Ratio (CR5 and HHI)
5.4.2 Global Top 10 and Top 5 Companies by Vehicle-To-Grid (V2G) Revenue in 2024
5.5 Global Key Players of Vehicle-To-Grid (V2G) Head office and Area Served
5.6 Global Key Players of Vehicle-To-Grid (V2G), Product and Application
5.7 Global Key Players of Vehicle-To-Grid (V2G), Date of Enter into This Industry
5.8 Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments and Downstream
6.1.1 North America Vehicle-To-Grid (V2G) Revenue by Company (2020-2025)
6.1.2 North America Market Size by Type
6.1.2.1 North America Vehicle-To-Grid (V2G) Market Size by Type (2020-2025)
6.1.2.2 North America Vehicle-To-Grid (V2G) Market Share by Type (2020-2025)
6.1.3 North America Market Size by Application
6.1.3.1 North America Vehicle-To-Grid (V2G) Market Size by Application (2020-2025)
6.1.3.2 North America Vehicle-To-Grid (V2G) Market Share by Application (2020-2025)
6.1.4 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments and Downstream
6.2.1 Europe Vehicle-To-Grid (V2G) Revenue by Company (2020-2025)
6.2.2 Europe Market Size by Type
6.2.2.1 Europe Vehicle-To-Grid (V2G) Market Size by Type (2020-2025)
6.2.2.2 Europe Vehicle-To-Grid (V2G) Market Share by Type (2020-2025)
6.2.3 Europe Market Size by Application
6.2.3.1 Europe Vehicle-To-Grid (V2G) Market Size by Application (2020-2025)
6.2.3.2 Europe Vehicle-To-Grid (V2G) Market Share by Application (2020-2025)
6.2.4 Europe Market Trend and Opportunities
6.3 Japan Market: Players, Segments and Downstream
6.3.1 Japan Vehicle-To-Grid (V2G) Revenue by Company (2020-2025)
6.3.2 Japan Market Size by Type
6.3.2.1 Japan Vehicle-To-Grid (V2G) Market Size by Type (2020-2025)
6.3.2.2 Japan Vehicle-To-Grid (V2G) Market Share by Type (2020-2025)
6.3.3 Japan Market Size by Application
6.3.3.1 Japan Vehicle-To-Grid (V2G) Market Size by Application (2020-2025)
6.3.3.2 Japan Vehicle-To-Grid (V2G) Market Share by Application (2020-2025)
6.3.4 Japan Market Trend and Opportunities
6.4 South Korea Market: Players, Segments and Downstream
6.4.1 South Korea Vehicle-To-Grid (V2G) Revenue by Company (2020-2025)
6.4.2 South Korea Market Size by Type
6.4.2.1 South Korea Vehicle-To-Grid (V2G) Market Size by Type (2020-2025)
6.4.2.2 South Korea Vehicle-To-Grid (V2G) Market Share by Type (2020-2025)
6.4.3 South Korea Market Size by Application
6.4.3.1 South Korea Vehicle-To-Grid (V2G) Market Size by Application (2020-2025)
6.4.3.2 South Korea Vehicle-To-Grid (V2G) Market Share by Application (2020-2025)
6.4.4 South Korea Market Trend and Opportunities
6.5 Australia Market: Players, Segments and Downstream
6.5.1 Australia Vehicle-To-Grid (V2G) Revenue by Company (2020-2025)
6.5.2 Australia Market Size by Type
6.5.2.1 Australia Vehicle-To-Grid (V2G) Market Size by Type (2020-2025)
6.5.2.2 Australia Vehicle-To-Grid (V2G) Market Share by Type (2020-2025)
6.5.3 Australia Market Size by Application
6.5.3.1 Australia Vehicle-To-Grid (V2G) Market Size by Application (2020-2025)
6.5.3.2 Australia Vehicle-To-Grid (V2G) Market Share by Application (2020-2025)
6.5.4 Australia Market Trend and Opportunities
6.6 China Market: Players, Segments and Downstream
6.6.1 China Vehicle-To-Grid (V2G) Revenue by Company (2020-2025)
6.6.2 China Market Size by Type
6.6.2.1 China Vehicle-To-Grid (V2G) Market Size by Type (2020-2025)
6.6.2.2 China Vehicle-To-Grid (V2G) Market Share by Type (2020-2025)
6.6.3 China Market Size by Application
6.6.3.1 China Vehicle-To-Grid (V2G) Market Size by Application (2020-2025)
6.6.3.2 China Vehicle-To-Grid (V2G) Market Share by Application (2020-2025)
6.6.4 China Market Trend and Opportunities
7 Key Players Profiles
7.1 NUVVE
7.1.1 NUVVE Company Details
7.1.2 NUVVE Business Overview
7.1.3 NUVVE Vehicle-To-Grid (V2G) Introduction
7.1.4 NUVVE Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.1.5 NUVVE Recent Development
7.2 Enel Energia
7.2.1 Enel Energia Company Details
7.2.2 Enel Energia Business Overview
7.2.3 Enel Energia Vehicle-To-Grid (V2G) Introduction
7.2.4 Enel Energia Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.2.5 Enel Energia Recent Development
7.3 The Mobility House
7.3.1 The Mobility House Company Details
7.3.2 The Mobility House Business Overview
7.3.3 The Mobility House Vehicle-To-Grid (V2G) Introduction
7.3.4 The Mobility House Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.3.5 The Mobility House Recent Development
7.4 China State Grid
7.4.1 China State Grid Company Details
7.4.2 China State Grid Business Overview
7.4.3 China State Grid Vehicle-To-Grid (V2G) Introduction
7.4.4 China State Grid Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.4.5 China State Grid Recent Development
7.5 Fermata Energy
7.5.1 Fermata Energy Company Details
7.5.2 Fermata Energy Business Overview
7.5.3 Fermata Energy Vehicle-To-Grid (V2G) Introduction
7.5.4 Fermata Energy Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.5.5 Fermata Energy Recent Development
7.6 E.ON
7.6.1 E.ON Company Details
7.6.2 E.ON Business Overview
7.6.3 E.ON Vehicle-To-Grid (V2G) Introduction
7.6.4 E.ON Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.6.5 E.ON Recent Development
7.7 ActewAGL
7.7.1 ActewAGL Company Details
7.7.2 ActewAGL Business Overview
7.7.3 ActewAGL Vehicle-To-Grid (V2G) Introduction
7.7.4 ActewAGL Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.7.5 ActewAGL Recent Development
7.8 KEPCO
7.8.1 KEPCO Company Details
7.8.2 KEPCO Business Overview
7.8.3 KEPCO Vehicle-To-Grid (V2G) Introduction
7.8.4 KEPCO Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.8.5 KEPCO Recent Development
7.9 EDF Energy
7.9.1 EDF Energy Company Details
7.9.2 EDF Energy Business Overview
7.9.3 EDF Energy Vehicle-To-Grid (V2G) Introduction
7.9.4 EDF Energy Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.9.5 EDF Energy Recent Development
7.10 ABB
7.10.1 ABB Company Details
7.10.2 ABB Business Overview
7.10.3 ABB Vehicle-To-Grid (V2G) Introduction
7.10.4 ABB Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.10.5 ABB Recent Development
7.11 Tokyo Electric Power
7.11.1 Tokyo Electric Power Company Details
7.11.2 Tokyo Electric Power Business Overview
7.11.3 Tokyo Electric Power Vehicle-To-Grid (V2G) Introduction
7.11.4 Tokyo Electric Power Revenue in Vehicle-To-Grid (V2G) Business (2020-2025)
7.11.5 Tokyo Electric Power Recent Development
8 Vehicle-To-Grid (V2G) Market Dynamics
8.1 Vehicle-To-Grid (V2G) Industry Trends
8.2 Vehicle-To-Grid (V2G) Market Drivers
8.3 Vehicle-To-Grid (V2G) Market Challenges
8.4 Vehicle-To-Grid (V2G) Market Restraints
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
NUVVE
Enel Energia
The Mobility House
China State Grid
Fermata Energy
E.ON
ActewAGL
KEPCO
EDF Energy
ABB
Tokyo Electric Power
Ìý
Ìý
*If Applicable.
