Vehicle-to-Grid Technology Market Size, Share, and Trends 2024 to 2034

The global vehicle-to-grid technology market size was calculated at USD 5.54 billion in 2024, grew to USD 8.11 billion in 2025 and is predicted to surpass around USD 49.75 billion by 2034, expanding at a CAGR of 28.13% between 2024 and 2034. The Europe vehicle-to-grid technology market size accounted for USD 1.98 billion in 2024 and is anticipated to grow at a fastest CAGR of 28.05% during the forecast year.

  • Last Updated : December 2024
  • Report Code : 1019
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Vehicle-to-Grid Technology Market, By Component Type

7.1. Vehicle-to-Grid Technology Market, by Component Type, 2025-2034
7.1.1. Smart Meters
7.1.1.1. Market Revenue and Forecast (2022-2034)
7.1.2. Electric Vehicle Supply Equipment (EVSE)
7.1.2.1. Market Revenue and Forecast (2022-2034)
7.1.3. Software
7.1.3.1. Market Revenue and Forecast (2022-2034)
7.1.4. Home Energy Management (HEM)
7.1.4.1. Market Revenue and Forecast (2022-2034)

Chapter 8. Global Vehicle-to-Grid Technology Market, By Application

8.1. Vehicle-to-Grid Technology Market, by Application, 2025-2034
8.1.1. Battery Electric Vehicles (BEVs)
8.1.1.1. Market Revenue and Forecast (2022-2034)
8.1.2. Fuel Cell Vehicles (FCVs)
8.1.2.1. Market Revenue and Forecast (2022-2034)
8.1.3. Plug-in Hybrid Electric Vehicles (PHEVs)
8.1.3.1. Market Revenue and Forecast (2022-2034)

Chapter 9. Global Vehicle-to-Grid Technology Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Component (2022-2034)
9.1.2. Market Revenue and Forecast, by Application (2022-2034)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Component (2022-2034)
9.1.3.2. Market Revenue and Forecast, by Application (2022-2034)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Component (2022-2034)
9.1.4.2. Market Revenue and Forecast, by Application (2022-2034)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Component (2022-2034)
9.2.2. Market Revenue and Forecast, by Application (2022-2034)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Component (2022-2034)
9.2.3.2. Market Revenue and Forecast, by Application (2022-2034)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Component (2022-2034)
9.2.4.2. Market Revenue and Forecast, by Application (2022-2034)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Component (2022-2034)
9.2.5.2. Market Revenue and Forecast, by Application (2022-2034)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Component (2022-2034)
9.2.6.2. Market Revenue and Forecast, by Application (2022-2034)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Component (2022-2034)
9.3.2. Market Revenue and Forecast, by Application (2022-2034)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Component (2022-2034)
9.3.3.2. Market Revenue and Forecast, by Application (2022-2034)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Component (2022-2034)
9.3.4.2. Market Revenue and Forecast, by Application (2022-2034)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Component (2022-2034)
9.3.5.2. Market Revenue and Forecast, by Application (2022-2034)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Component (2022-2034)
9.3.6.2. Market Revenue and Forecast, by Application (2022-2034)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Component (2022-2034)
9.4.2. Market Revenue and Forecast, by Application (2022-2034)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Component (2022-2034)
9.4.3.2. Market Revenue and Forecast, by Application (2022-2034)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Component (2022-2034)
9.4.4.2. Market Revenue and Forecast, by Application (2022-2034)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Component (2022-2034)
9.4.5.2. Market Revenue and Forecast, by Application (2022-2034)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Component (2022-2034)
9.4.6.2. Market Revenue and Forecast, by Application (2022-2034)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Component (2022-2034)
9.5.2. Market Revenue and Forecast, by Application (2022-2034)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Component (2022-2034)
9.5.3.2. Market Revenue and Forecast, by Application (2022-2034)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Component (2022-2034)
9.5.4.2. Market Revenue and Forecast, by Application (2022-2034)

Chapter 10. Company Profiles

10.1. Nissan Motor Corporation
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Mitsubishi Motors Corporation
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. NUVVE Corporation
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. ENGIE Group
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. OVO Energy Ltd
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Groupe Renault
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Honda Motor Co., Ltd.
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Frequently Asked Questions

The global vehicle-to-grid technology market size was exhibited at USD 5.54 billion in 2024 and it is anticipated to reach around USD 49.75 billion by 2034.

The global vehicle-to-grid technology market is recording compound annual growth rate (CAGR) of 28.13% during the forecast period from 2024 to 2034.

Vehicle-to-grid technology is system that enables bi-directional flow of electrical energy between electrical grid and the vehicle. During charging a battery the electrical energy flows from grid to vehicle, but during peak hours when grid requires energy the flow of energy is from electric vehicle to the grid.

Battery Electric Vehicles (BEVs) held significant revenue share in the global vehicle-to-grid technology market in 2024.

North America and Europe are the key regions in the global vehicle-to-grid technology market with significant revenue contribution in 2024.

Asia Pacific projected lucrative growth for vehicle-to-grid technology during the forecast period.

The key companies operating in the vehicle-to-grid technology market such as Nissan Motor Corporation, Mitsubishi Motors Corporation, NUVVE Corporation, ENGIE Group, OVO Energy Ltd, Groupe Renault, Honda Motor Co., Ltd.

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