Vehicle to grid (V2G) Market Report

China Vehicle to grid (V2G) Industry Market Research Report 2023-2029

  • POSTDATE：Sep 26, 2023
  • PAGES：186
  • REPORT CODE：GMM1815669
  • REPORT SUMMARY
  • TABLE OF CONTENTS

  • Vehicle to grid (V2G) is a system that allows electric vehicles (EVs) to communicate with the public grid, and can provide power to the grid to meet energy demand. Its core idea is to use a large number of electric vehicle energy storage as a buffer for the grid and renewable energy.

    Nuvve is a global leader in Internet of Vehicles (V2G) technology, providing high-power charging and grid services to optimize unused and renewable energy. From simple and intelligent electric vehicle (EV) charging to fully integrated vehicle-to-grid (V2G) solutions, Nuvve's platform can be expanded to meet the needs of customers. Banda Digital Energy Co., Ltd. is a developer of charging equipment for new energy vehicles, which is committed to R&D, design, production and sales of charging facilities for new energy vehicles. The company's main products are SMC intelligent AC pile series, sheet metal intelligent AC pile series, integrated DC machine series, mobile energy storage equipment, portable charging pile, intelligent power distribution cabinet and other charging equipment. Star Charging belongs to the operating brand of Wanbang Digital Energy Co., Ltd..

    Equipment This type refers to V2G equipment products provided by V2G Market Company, including charging equipment, etc. Charging pile is one of the main products. Service This type refers to V2G market companies providing related V2G software and service products, including related car networking software. By type, Equipment segment accounted for the largest share of market in 2021.

    The main applicable vehicles of V2 include pure electric vehicles, plug-in hybrid vehicles and fuel cell electric vehicles. The market's largest segment by application is the segment Pure electric vehicle, with a market share of 95.17% in 2025.

    Drive China is the largest market of electric vehicles in the world. With the rapid increase of the number of electric vehicles, the power supply pressure of power grid caused by vehicle charging will further increase. Under the application of V2G technology, it can achieve the advantages of slowing down the power grid pressure, saving the charging cost and helping the intelligent transformation of the power grid. Firstly, in terms of slowing down the power supply pressure of the power grid, taking the stopped electric vehicle as a movable distributed energy storage unit to realize the bidirectional flow (charging and discharging) between the electric vehicle and the power grid, and slowing down the increasing power supply pressure of the power grid has become one of the values of V2G technology. Secondly, in terms of saving the charging cost, charging the car with a lower electricity price and storing the electricity in the low valley, and delivering the electricity at a higher price in the peak period can bring certain benefits and reduce the charging cost. Thirdly, to help the intelligent transformation of power grid, V2G technology is a high-end comprehensive application that integrates power electronics technology, communication technology, dispatching and metering technology, demand side management, etc. The realization of V2 technology will play a supporting role at the end of the power grid, and make the power grid technology develop in a more intelligent direction. Therefore, V2G technology is a distributed energy storage system with low cost, large scale and good security in China's new power system, and has an important development prospect. The advantage of V2 is one of the advantages to promote the development of the industry. Challenge Battery life restriction Owners of new energy vehicles can feed back energy to the power grid through V2G, thus generating certain income. However, in fact, some of these benefits come at the expense of related equipment, especially the loss of on-board batteries. The service life of the battery is determined by the number of charge and discharge cycles. The battery attenuation and degradation speed of electric vehicle battery is accelerated due to the increase of charging and discharging times. Therefore, V2G technology will inevitably increase the charging and discharging times of vehicle batteries, which will affect the battery life. At present, at the current stage of the promotion of new energy vehicles, problems such as shrinking cruising range and widespread "mileage anxiety" among car owners are still very prominent. The battery life of pure electric vehicles has been criticized by users, and it is still one of the factors that limit the promotion of new energy vehicles. The battery life of new energy vehicles can't meet the needs of end users, but V2G may affect the battery life, which limits the development of the industry to some extent. Therefore, battery life restriction is one of the factors that affect the development of the industry.

    This report elaborates on the current development of the Vehicle to grid (V2G) industry thoroughly based on the international market dynamics and China's market situation.

    For a start, the report provides an in-depth analysis of the current market situation through three different aspects - by region, by type and by application, which includes market distribution of different types and applications, import and export analysis of major regions, development trends of different types of products in each region, market opportunities and market restrains of different applications.

    Secondly, this report lists the major players in the industry, displaying their market positions and strengths and weaknesses of their products, picturing the current competitive situation of the whole market. 

    Last but not least, the report analyzes and predicts the investment prospects and risks in the industry on the basis of industry data, combined with experts' opinions and suggestions.

    By Player:

    • China Southern Power Grid Corporation Limited

    • NUVVE

    • Sheng stock

    • Shenzhen Jian net technology co, ltd

    • Wan Digital Energy Co, Ltd

    • Anhui Zhongke Zhichong New Energy Technology Co, Ltd

    • Xuji electricity

    • Shenzhen Yingfeiyuan Technology Co, Ltd

    • Ruide

    By Type:

    • Services

    • Device

    By Application:

    • Fuel cell electric vehicle

    • Plug in hybrid vehicle

    • Pure electric vehicle

    By Research Region:

    • North China

    • Central China

    • South China

    • East China

    • Northeast China

    • Southwest China

    • Northwest China

  • TABLE OF CONTENT

    Chapter 1 China Vehicle to grid (V2G) Market Overview 2018-2029

    • 1.1 China Vehicle to grid (V2G) Industry Development Overview

    • 1.2 China Vehicle to grid (V2G) Industry Development History

    • 1.3 China Vehicle to grid (V2G) Industry Market Size (2018-2029)

    • 1.4 China Vehicle to grid (V2G) Market Analysis by Type from Production Side

      • 1.4.1 China Vehicle to grid (V2G) Production Volume, Production Value and Growth Rate of Services (2018-2029)

      • 1.4.2 China Vehicle to grid (V2G) Production Volume, Production Value and Growth Rate of Device (2018-2029)

    • 1.5 China Vehicle to grid (V2G) Market Analysis by Application from Consumption End

      • 1.5.1 China Vehicle to grid (V2G) Sales Volume, Sales Value and Growth Rate of Fuel cell electric vehicle (2018-2029)

      • 1.5.2 China Vehicle to grid (V2G) Sales Volume, Sales Value and Growth Rate of Plug in hybrid vehicle (2018-2029)

      • 1.5.3 China Vehicle to grid (V2G) Sales Volume, Sales Value and Growth Rate of Pure electric vehicle (2018-2029)

    • 1.6 China Vehicle to grid (V2G) Market Analysis by Region

      • 1.6.1 North China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

      • 1.6.2 Central China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

      • 1.6.3 South China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

      • 1.6.4 East China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

      • 1.6.5 Northeast China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

      • 1.6.6 Southwest China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

      • 1.6.7 Northwest China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

    Chapter 2 China Vehicle to grid (V2G) Industry Development Environment

    • 2.1 Industry Development Environment Analysis

      • 2.1.1 Industry Technological Progress Analysis

      • 2.1.2 Industrial Organizational Innovation Analysis

      • 2.1.3 Changes in Social Habits

      • 2.1.4 Alterations in Government Policies

      • 2.1.5 Impact of Economic Globalization

    • 2.2 Domestic and Foreign Industry Competition Analysis

      • 2.2.1 Comparative Analysis on Vehicle to grid (V2G) Market Status and Competition at home and abroad in 2023

      • 2.2.2 China Vehicle to grid (V2G) Market Status and Competition Analysis in 2023

      • 2.2.3 China Vehicle to grid (V2G) Market Concentration Analysis in 2023

    • 2.3 Problems and Countermeasures in the development of China Vehicle to grid (V2G) Industry

      • 2.3.1 Industry Development Constraints

      • 2.3.2 Industry Development Considerations

      • 2.3.3 Suggestions on Industry Development Measures

      • 2.3.4 Development Strategies for SMEs

    • 2.4 Influence of COVID-19 Outbreak on Vehicle to grid (V2G) Industry Development

    Chapter 3 Vehicle to grid (V2G)Industry Chain Analysis

    • 3.1 Vehicle to grid (V2G) Industry Chain

    • 3.2 Vehicle to grid (V2G) Upstream Industry Analysis

      • 3.2.1 Upstream Industry Development Status

      • 3.2.2 Upstream Industry Development Forecast

      • 3.2.3 Impact of Upstream Industry on the Vehicle to grid (V2G) Market

    • 3.3 Vehicle to grid (V2G) Downstream Industry Analysis

      • 3.3.1 Downstream Industry Development Status

      • 3.3.2 Downstream Industry Development Forecast

      • 3.3.3 Impact of Downstream Industry on the Vehicle to grid (V2G) Market

    Chapter 4 China Vehicle to grid (V2G) Market, by Type

    • 4.1 China Vehicle to grid (V2G) Market Trend, by Type

    • 4.2 Product Types of Major Suppliers

    • 4.3 Competitive Landscape of Major Types

    • 4.4 China Vehicle to grid (V2G) Total Production Volume and Growth Rate from Production Side

    • 4.5 China Vehicle to grid (V2G) Production Volume and Growth Rate, by Type

      • 4.5.1 China Vehicle to grid (V2G) Production Volume and Growth Rate of Services

      • 4.5.2 China Vehicle to grid (V2G) Production Volume and Growth Rate of Device

    Chapter 5 China Vehicle to grid (V2G) Market, by Application

    • 5.1 Downstream Market Overview

    • 5.2 Competitive Landscape of Major Applications

    • 5.3 Market Potential Analysis, by Application

    • 5.4 China Vehicle to grid (V2G) Total Market Size and Growth Rate from Consumption End

    • 5.5 China Vehicle to grid (V2G) Market Size and Growth Rate, by Application

      • 5.5.1 China Vehicle to grid (V2G) Market Size and Growth Rate of Fuel cell electric vehicle

      • 5.5.2 China Vehicle to grid (V2G) Market Size and Growth Rate of Plug in hybrid vehicle

      • 5.5.3 China Vehicle to grid (V2G) Market Size and Growth Rate of Pure electric vehicle

    Chapter 6 China Vehicle to grid (V2G) Market, by Region

    • 6.1 China Vehicle to grid (V2G) Production Volume and Production Value, by Region

    • 6.2 China Vehicle to grid (V2G) Sales Volume and Sales Value, by Region

    Chapter 7 North China Vehicle to grid (V2G) Market Analysis

    • 7.1 North China Vehicle to grid (V2G) Market, by Type

    • 7.2 North China Vehicle to grid (V2G) Market, by Application

    Chapter 8 Central China Vehicle to grid (V2G) Market Analysis

    • 8.1 Central China Vehicle to grid (V2G) Market, by Type

    • 8.2 Central China Vehicle to grid (V2G) Market, by Application

    Chapter 9 South China Vehicle to grid (V2G) Market Analysis

    • 9.1 South China Vehicle to grid (V2G) Market, by Type

    • 9.2 South China Vehicle to grid (V2G) Market, by Application

    Chapter 10 East China Vehicle to grid (V2G) Market Analysis

    • 10.1 East China Vehicle to grid (V2G) Market, by Type

    • 10.2 East China Vehicle to grid (V2G) Market, by Application

    Chapter 11 Northeast China Vehicle to grid (V2G) Market Analysis

    • 11.1 Northeast China Vehicle to grid (V2G) Market, by Type

    • 11.2 Northeast China Vehicle to grid (V2G) Market, by Application

    Chapter 12 Southwest China Vehicle to grid (V2G) Market Analysis

    • 12.1 Southwest China Vehicle to grid (V2G) Market, by Type

    • 12.2 Southwest China Vehicle to grid (V2G) Market, by Application

    Chapter 13 Northwest China Vehicle to grid (V2G) Market Analysis

    • 13.1 Northwest China Vehicle to grid (V2G) Market, by Type

    • 13.2 Northwest China Vehicle to grid (V2G) Market, by Application

    Chapter 14 Company Profiles

      • 14.1 China Southern Power Grid Corporation Limited

        • 14.1.1 China Southern Power Grid Corporation Limited Company Profile

        • 14.1.2 China Southern Power Grid Corporation Limited Vehicle to grid (V2G) Market Performance

        • 14.1.3 Product&Service Introduction

      • 14.2 NUVVE

        • 14.2.1 NUVVE Company Profile

        • 14.2.2 NUVVE Vehicle to grid (V2G) Market Performance

        • 14.2.3 Product&Service Introduction

      • 14.3 Sheng stock

        • 14.3.1 Sheng stock Company Profile

        • 14.3.2 Sheng stock Vehicle to grid (V2G) Market Performance

        • 14.3.3 Product&Service Introduction

      • 14.4 Shenzhen Jian net technology co, ltd

        • 14.4.1 Shenzhen Jian net technology co, ltd Company Profile

        • 14.4.2 Shenzhen Jian net technology co, ltd Vehicle to grid (V2G) Market Performance

        • 14.4.3 Product&Service Introduction

      • 14.5 Wan Digital Energy Co, Ltd

        • 14.5.1 Wan Digital Energy Co, Ltd Company Profile

        • 14.5.2 Wan Digital Energy Co, Ltd Vehicle to grid (V2G) Market Performance

        • 14.5.3 Product&Service Introduction

      • 14.6 Anhui Zhongke Zhichong New Energy Technology Co, Ltd

        • 14.6.1 Anhui Zhongke Zhichong New Energy Technology Co, Ltd Company Profile

        • 14.6.2 Anhui Zhongke Zhichong New Energy Technology Co, Ltd Vehicle to grid (V2G) Market Performance

        • 14.6.3 Product&Service Introduction

      • 14.7 Xuji electricity

        • 14.7.1 Xuji electricity Company Profile

        • 14.7.2 Xuji electricity Vehicle to grid (V2G) Market Performance

        • 14.7.3 Product&Service Introduction

      • 14.8 Shenzhen Yingfeiyuan Technology Co, Ltd

        • 14.8.1 Shenzhen Yingfeiyuan Technology Co, Ltd Company Profile

        • 14.8.2 Shenzhen Yingfeiyuan Technology Co, Ltd Vehicle to grid (V2G) Market Performance

        • 14.8.3 Product&Service Introduction

      • 14.9 Ruide

        • 14.9.1 Ruide Company Profile

        • 14.9.2 Ruide Vehicle to grid (V2G) Market Performance

        • 14.9.3 Product&Service Introduction

    Chapter 15 Research Conclusions and Investment Suggestions

    • 15.1 Vehicle to grid (V2G) Industry Research Conclusions

    • 15.2 Vehicle to grid (V2G) Industry Investment Suggestions

      • 15.2.1 Suggestions on Industry Development Strategy

      • 15.2.2 Suggestions on Industry Investment Direction

      • 15.2.3 Suggestions on Industry Investment Strategy


    List of Tables and Figures

    • Figure China Vehicle to grid (V2G) Industry Market Size (2018-2029)

    • Figure China Vehicle to grid (V2G) Production Volume, Production Value and Growth Rate of Services (2018-2029)

    • Figure China Vehicle to grid (V2G) Production Volume, Production Value and Growth Rate of Device (2018-2029)

    • Figure China Vehicle to grid (V2G) Sales Volume, Sales Value and Growth Rate of Fuel cell electric vehicle (2018-2029)

    • Figure China Vehicle to grid (V2G) Sales Volume, Sales Value and Growth Rate of Plug in hybrid vehicle (2018-2029)

    • Figure China Vehicle to grid (V2G) Sales Volume, Sales Value and Growth Rate of Pure electric vehicle (2018-2029)

    • Figure North China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

    • Figure Central China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

    • Figure South China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

    • Figure East China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

    • Figure Northeast China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

    • Figure Southwest China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

    • Figure Northwest China Vehicle to grid (V2G) Market Size and Growth Rate from 2018-2029

    • Figure Vehicle to grid (V2G) Industry Chain

    • Table Product Types of Major Suppliers in 2023

    • Figure China Vehicle to grid (V2G) Market Share by Type in 2018

    • Figure China Vehicle to grid (V2G) Market Share by Type in 2023

    • Figure China Vehicle to grid (V2G) Total Production Volume and Growth Rate from Production Side (2018-2023)

    • Figure China Vehicle to grid (V2G) Production Volume and Growth Rate of Services (2018-2023)

    • Figure China Vehicle to grid (V2G) Production Volume and Growth Rate of Device (2018-2023)

    • Figure China Vehicle to grid (V2G) Market Share by Application in 2018

    • Figure China Vehicle to grid (V2G) Market Share by Application in 2023

    • Figure China Vehicle to grid (V2G) Total Market Size and Growth Rate from Consumption End

    • Figure China Vehicle to grid (V2G) Market Size and Growth Rate of Fuel cell electric vehicle (2018-2023)

    • Figure China Vehicle to grid (V2G) Market Size and Growth Rate of Plug in hybrid vehicle (2018-2023)

    • Figure China Vehicle to grid (V2G) Market Size and Growth Rate of Pure electric vehicle (2018-2023)

    • Table China Vehicle to grid (V2G) Production Volume by Region (2018-2023)

    • Table China Vehicle to grid (V2G) Production Volume Share by Region (2018-2023)

    • Figure China Vehicle to grid (V2G) Production Volume Share by Region (2018-2023)

    • Table China Vehicle to grid (V2G) Production Value by Region (2018-2023)

    • Table China Vehicle to grid (V2G) Production Value Share by Region (2018-2023)

    • Figure China Vehicle to grid (V2G) Production Value Share by Region (2018-2023)

    • Table China Vehicle to grid (V2G) Sales Volume by Region (2018-2023)

    • Table China Vehicle to grid (V2G) Sales Volume Share by Region (2018-2023)

    • Figure China Vehicle to grid (V2G) Sales Volume Share by Region (2018-2023)

    • Table China Vehicle to grid (V2G) Sales Value by Region (2018-2023)

    • Table China Vehicle to grid (V2G) Sales Value Share by Region (2018-2023)

    • Figure China Vehicle to grid (V2G) Sales Value Share by Region (2018-2023)

    • Table North China Vehicle to grid (V2G) Production Volume by Type (2018-2023)

    • Table North China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Figure North China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Table North China Vehicle to grid (V2G) Sales Volume by Application (2018-2023)

    • Table North China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Figure North China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Table Central China Vehicle to grid (V2G) Production Volume by Type (2018-2023)

    • Table Central China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Figure Central China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Table Central China Vehicle to grid (V2G) Sales Volume by Application (2018-2023)

    • Table Central China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Figure Central China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Table South China Vehicle to grid (V2G) Production Volume by Type (2018-2023)

    • Table South China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Figure South China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Table South China Vehicle to grid (V2G) Sales Volume by Application (2018-2023)

    • Table South China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Figure South China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Table East China Vehicle to grid (V2G) Production Volume by Type (2018-2023)

    • Table East China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Figure East China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Table East China Vehicle to grid (V2G) Sales Volume by Application (2018-2023)

    • Table East China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Figure East China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Table Northeast China Vehicle to grid (V2G) Production Volume by Type (2018-2023)

    • Table Northeast China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Figure Northeast China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Table Northeast China Vehicle to grid (V2G) Sales Volume by Application (2018-2023)

    • Table Northeast China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Figure Northeast China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Table Southwest China Vehicle to grid (V2G) Production Volume by Type (2018-2023)

    • Table Southwest China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Figure Southwest China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Table Southwest China Vehicle to grid (V2G) Sales Volume by Application (2018-2023)

    • Table Southwest China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Figure Southwest China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Table Northwest China Vehicle to grid (V2G) Production Volume by Type (2018-2023)

    • Table Northwest China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Figure Northwest China Vehicle to grid (V2G) Production Volume Share by Type (2018-2023)

    • Table Northwest China Vehicle to grid (V2G) Sales Volume by Application (2018-2023)

    • Table Northwest China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Figure Northwest China Vehicle to grid (V2G) Sales Volume Share by Application (2018-2023)

    • Table China Southern Power Grid Corporation Limited Company Profile

    • Table China Southern Power Grid Corporation Limited Vehicle to grid (V2G) Revenue, Price and Gross (2018-2023)

    • Table NUVVE Company Profile

    • Table NUVVE Vehicle to grid (V2G) Revenue, Price and Gross (2018-2023)

    • Table Sheng stock Company Profile

    • Table Sheng stock Vehicle to grid (V2G) Revenue, Price and Gross (2018-2023)

    • Table Shenzhen Jian net technology co, ltd Company Profile

    • Table Shenzhen Jian net technology co, ltd Vehicle to grid (V2G) Revenue, Price and Gross (2018-2023)

    • Table Wan Digital Energy Co, Ltd Company Profile

    • Table Wan Digital Energy Co, Ltd Vehicle to grid (V2G) Revenue, Price and Gross (2018-2023)

    • Table Anhui Zhongke Zhichong New Energy Technology Co, Ltd Company Profile

    • Table Anhui Zhongke Zhichong New Energy Technology Co, Ltd Vehicle to grid (V2G) Revenue, Price and Gross (2018-2023)

    • Table Xuji electricity Company Profile

    • Table Xuji electricity Vehicle to grid (V2G) Revenue, Price and Gross (2018-2023)

    • Table Shenzhen Yingfeiyuan Technology Co, Ltd Company Profile

    • Table Shenzhen Yingfeiyuan Technology Co, Ltd Vehicle to grid (V2G) Revenue, Price and Gross (2018-2023)

    • Table Ruide Company Profile

    • Table Ruide Vehicle to grid (V2G) Revenue, Price and Gross (2018-2023)


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