The Global Vehicle to Grid Market is expected to grow by $ 5.01 bn during 2020-2024 progressing at a CAGR of 14% during the forecast period
NEW YORK, June 9, 2020 /PRNewswire/ --
Global Vehicle To Grid Market 2020-2024
The analyst has been monitoring the vehicle to grid market and it is poised to grow by $ 5.01 bn during 2020-2024 progressing at a CAGR of 14% during the forecast period. Our reports on vehicle to grid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
Read the full report: https://www.reportlinker.com/p04796703/?utm_source=PRN
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the change in grid structure allowing decentralized power generation, ability to meet peak electricity demands, and improvements in EV battery technology. In addition, change in grid structure allowing decentralized power generation is anticipated to boost the growth of the market as well.
The vehicle to grid market analysis include technology segment and geographic landscapes
The vehicle to grid market is segmented as below:
By Technology
-- Power electronics
-- Software
By Geographic Landscapes
-- APAC
-- North America
-- Europe
-- MEA
-- South America
This study identifies the increasing popularity of EVs through government initiatives as one of the prime reasons driving the vehicle to grid market growth during the next few years. Also, rapid deployment of smart grids, and rise in number of EV charging stations will lead to sizable demand in the market.
"The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our vehicle to grid market covers the following areas:
-- Vehicle to grid market sizing
-- Vehicle to grid market forecast
-- Vehicle to grid market industry analysis"
Read the full report: https://www.reportlinker.com/p04796703/?utm_source=PRN
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
View original content:http://www.prnewswire.com/news-releases/the-global-vehicle-to-grid-market-is-expected-to-grow-by--5-01-bn-during-2020-2024-progressing-at-a-cagr-of-14-during-the-forecast-period-301073049.html
SOURCE Reportlinker
