Global Vehicle-to-Grid (V2G) Technology Market Zooming 5.8X to Surpass USD 22 Billion by 2031

Published | 30 June 2025

Global Vehicle-to-Grid (V2G) Technology Market is flourishing because of the rapid adoption of electric vehicles (EVs), coupled with supportive government policies and incentives, and the growing integration of renewable energy sources.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Vehicle-to-Grid (V2G) Technology Market size at USD 3.85 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Global Vehicle-to-Grid (V2G) Technology Market size to boom at a robust CAGR of 28.5% reaching a value of USD 22.3 billion by 2031. The growth of Vehicle-to-Grid (V2G) Technology Market across the regions is propelled by the escalating adoption of electric vehicles (EVs), which broadens the infrastructure for bidirectional energy flow, enabling vehicles to both draw power from and contribute it back to the grid. This capability enhances grid resilience and efficiency, while also offering EV owners opportunities for financial returns through energy resale. Progress in battery technologies and intelligent grid infrastructure is facilitating the seamless integration of V2G systems, fostering more sustainable and efficient energy management practices. Furthermore, the increasing emphasis on renewable energy sources is amplifying the demand for innovative solutions such as V2G to optimize energy distribution. Government incentives and favorable regulatory frameworks are providing additional impetus for the deployment of V2G technologies, thereby fueling market expansion and creating opportunities for novel business models and revenue streams across the energy and automotive industries.

Impact of Escalating Geopolitical Tensions on Global Vehicle-to-Grid (V2G) Technology Market

Intensifying geopolitical tensions could disrupt the growth of Global Vehicle-to-Grid (V2G) Technology Market. Potential disruptions in the global supply chain, especially for critical components, such as semiconductors and battery materials, could lead to delays in the production and deployment of both EVs and V2G infrastructure. Increased political instability may also adversely affect international trade policies and cross-border investments, thereby impeding technological collaboration and market expansion. Furthermore, volatile energy prices and shifting government priorities in response to geopolitical conflicts could divert attention and resources from clean energy initiatives, including V2G projects. These uncertainties create a challenging operational landscape for stakeholders, potentially slowing the adoption and development of V2G technology during periods of geopolitical instability.

Sample Request: https://www.blueweaveconsulting.com/report/vehicle-to-grid-technology-market/report-sample

Asia Pacific Leads Global Vehicle-to-Grid (V2G) Technology Market

Asia Pacific currently commands the major share of Global Vehicle-to-Grid (V2G) Technology Market and is projected to sustain its dominance over the forecast period. The region’s market dominance is primarily driven by governments’ strong support and increasing investments in the R&D of both electric vehicle (EV) and V2G technology. As the home to major EV markets, including China, India, Japan, Vietnam, and Malaysia, Asia Pacific is experiencing rapid industrial and technological advancements that are spurring the demand for electricity and fostering the adoption of innovative energy solutions. Asia Pacific also leads in global EV production and consumption, with robust infrastructure development in major countries such as India, Japan, Singapore, and Malaysia further bolstering the growth of V2G, V2H, and V2X technologies. Notably, EV sales in Malaysia witnessed a significant surge of approximately 286% in 2023, exceeding 10,000 units, while Taiwan recorded EV registrations more than double from 7,064 in 2021 to 16,106 in 2022, underscoring the region’s accelerating momentum in the EV and V2G sectors.

Competitive Landscape

Major companies in Global Vehicle-to-Grid (V2G) Technology Market include NRG Energy Inc., ABB Ltd, Toyota Shokki, The Mobility House, EDF Energy, Enel X, AC Propulsion Inc., Denso Corporation, Groupe Renault, Engie Group, Hitachi Ltd, Nuvve Corporation, OVO Energy Ltd, Honda Motor Co., Ltd, Mitsubishi Motors Corporation, and Nissan Motor Corporation. The presence of high number of companies intensify the market competition as they compete to gain a significant market share. These companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches to further enhance their market share.

Don’t miss the business opportunity in Global Vehicle-to-Grid (V2G) Technology Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and Global Vehicle-to-Grid (V2G) Technology Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Vehicle-to-Grid (V2G) Technology Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com