Published Date : Apr 18, 2016
ALBANY, New York, April 18, 2016: MarketResearchReports.biz has added a new research report to its repository. The report, titled “Global Vehicle Grid Integration Technologies Market 2016-2020”, offers a comprehensive study on the global vehicle grid integration technologies market and points out the key factors affecting the growth of the market. The report projects the valuation and size of the global vehicle grid integration technologies market in the near future. The existing value chain in the market has been described in the report with focus on the upstream and downstream components. The report studies the overall vehicle grid integration technologies market in terms of technology and region. Profiles of some of the key players in the market have been included in the report.
The growing concerns regarding the effect of greenhouse gas (GHG) emissions have led to widespread electrification of the transportation sector and the production of electric vehicles. The process of integrating electric vehicles into the grid to provide ancillary services is termed as V2G integration. A V2G system enables the power flow between a power grid and an electric vehicle such as a fuel cell electric vehicle, battery electric vehicle (BEV), and plug-in hybrid electric vehicle (PHEV).
The report presents the current scenario of the global vehicle grid integration technologies market and points out the various factors impacting the growth of the market. The global vehicle grid integration technologies market is projected to expand at a CAGR of 33.7% during the period between 2016 and 2020. The growing need for reducing GHG emissions and optimization of intermittent renewable generation are expected to fuel the growth of the market during the forecast period. However, the high cost of V2G infrastructure will restrain the overall market. The popularity of electric vehicles and various government initiatives to promote them will further augment the growth of the global vehicle grid integration technologies market.
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In terms of technology, the report segments the global vehicle grid integration technologies market into software and communication systems, drive systems, and equipment. The drive systems segment is expected to account for over 84% of the market by 2020. Though it is the most expensive technology in the market, its role as DC-AC converter that enables the bi-directional flow of power between the vehicle and the grid will boost the demand for drive systems technology during the forecast period.
The report studies the global vehicle grid integrated technologies market across the Americas, EMEA, and Asia Pacific. The growth prospects of each of these regional markets have been analyzed in the report.
The report profiles some of the key players in the global vehicle grid integration technologies market such as Coritech Services Inc., AC Propulsion Inc., Hitachi Ltd., DENSO Corporation, BMW, Daimler, Autoport, Kisensum, and Honda. Detailed reports of the top vendors operating in the market has been included in the report.
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