Press release
Bidirectional Electric Vehicle Charger Market Report on Size, Share, Scope and Forecast 2024-2031
Bidirectional Electric Vehicle Charger Market to reach over USD 4.61 billion by the year 2031 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Bidirectional Electric Vehicle Charger Market Size, Share & Trends Analysis Report By Application (Vehicle-to-Grid (V2G), Vehicle-to-Home (V2H), and Others (Vehicle-to-Vehicle and Vehicle-to-Load)), Source (OEM and aftermarket), Propulsion Type (Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicles (PHEV)), Charging Type (100 kWh) And Deployment Of Chargers (Domestic And Commercial)- Market Outlook And Industry Analysis 2031"
The Global Bidirectional Electric Vehicle Charger Market is estimated to reach over USD 4.61 billion by 2024- 2031, exhibiting a CAGR of 19.70% during the forecast period.
Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/1830
Electric vehicles (EVs) with a battery and an electrical source that helps charge the battery are charged using bidirectional EV chargers. Level 1, Level 2, and Level 3 are among the charging levels that can be used with these kinds of vehicles. Compared to conventional gasoline/diesel vehicles, electric cars are less expensive to purchase and maintain. Additionally, electric cars produce fewer harmful emissions from gasoline into the atmosphere. Due to several factors, including growing global sales of electric vehicles, rising demand for zero-emission vehicles, and the development of government initiatives to encourage the adoption of electric cars, the global market for bidirectional EV chargers is expected to increase in the upcoming years.
Major factors anticipated to propel the global bidirectional EV charger market are technological advancements in the electric vehicle and charging infrastructure, including ultra-fast chargers, portable charging stations, load management with intelligent charging, automated payment systems for charging, and bi-directional charging.
Enumeration of Leading Companies in the Bidirectional Electric Vehicle Charging Industry:
The following companies are included in the list: Hyundai Mobis Co. Ltd.; ABB; Blink Charging Co.; Siemens AG; Denso Corporation; Hitachi Automotive Systems, Ltd.; Toyota Industries Corporation; MAGNUM CAP; Enphase Energy, Inc.; Autel Energy; The Mobility House GmbH; Wallbox Chargers, SL.; Indra Renewable Technologies Limited;
Market Dynamics:
Drivers-
The rising adoption of biofuels has resulted in increased levels of air pollution, resulting in the prevalence of numerous respiratory and other ailments among the global population is increasing. The major reasons projected to boost the growth of the worldwide EV charger market are the reduction of carbon footprint and the shift towards clean and green energy. Consumer awareness of carbon emissions from vehicles, rising environmental consciousness, increases in living standards, and expanding use of new technologies are all driving the worldwide EV charger market forward.
Challenges:
The main challenge in underdeveloped countries is a lack of understanding and commercialization of bio-based products, which is expected to slow the growth of the Bidirectional Electric Vehicle Charger Market. There is a paucity of EV charging stations, as well as a lack of standards. The increased demand for premium and feature-enhanced autos, as well as wireless charging for electric vehicles, have all had a big impact on the business. Vehicle battery durability and efficiency have been reduced as a result of charging lifecycles and batteries. Overheat in Prolonged Bidirectional Charging is projected to have a negative impact on market growth throughout the forecast period.
Regional Trends:
Asia Pacific Bidirectional Electric Vehicle Charger Market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future. The recent increase in the price of gas and diesel has raised demand for fuel-efficient automobiles. This is due to dwindling fossil fuel reserves and an increase in firms' desire to maximize profits from these oil supplies.
As a result, these factors increase the demand for sophisticated fuel-efficient technology, increasing demand for electrically driven vehicles for travel. The United States, France, Germany, and China have enacted tough government laws and regulations regarding vehicular emissions, requiring automobile makers to adopt innovative technologies to battle high-emission levels in automobiles. The California Air Resources Board (CARB) has initiated a program that includes instructions for manufacturers to produce and deliver zero-emission cars (ZEVs), significantly increasing the adoption of electric vehicles and, thereby, bidirectional electric vehicles.
Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/1830
Recent Developments:
• In December 2022, Fermata Energy and Phoenix Motorcars entered into a long-term collaboration for V2X bidirectional charging. According to the agreement, Fermata Energy would combine Phoenix's zero-emission drive system with its V2X bidirectional chargers and AI-driven software platform.
Segmentation of Bidirectional Electric Vehicle Charger Market-
By Application-
• Vehicle-to-Grid (V2G)
• Vehicle-to-Home (V2H)
• Others (Vehicle-to-Vehicle and Vehicle-to-Load)
By Source-
• OEM
• Aftermarket
By Propulsion Type-
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV))
By Deployment of Charger-
• Domestic
• Commercial
By Charging Type-
• 100 kWh
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
For More Customization @ https://www.insightaceanalytic.com/report/bidirectional-electric-vehicle-charger-market/1830
Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 718 593 4405
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Bidirectional Electric Vehicle Charger Market Size, Share & Trends Analysis Report By Application (Vehicle-to-Grid (V2G), Vehicle-to-Home (V2H), and Others (Vehicle-to-Vehicle and Vehicle-to-Load)), Source (OEM and aftermarket), Propulsion Type (Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicles (PHEV)), Charging Type (100 kWh) And Deployment Of Chargers (Domestic And Commercial)- Market Outlook And Industry Analysis 2031"
The Global Bidirectional Electric Vehicle Charger Market is estimated to reach over USD 4.61 billion by 2024- 2031, exhibiting a CAGR of 19.70% during the forecast period.
Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/1830
Electric vehicles (EVs) with a battery and an electrical source that helps charge the battery are charged using bidirectional EV chargers. Level 1, Level 2, and Level 3 are among the charging levels that can be used with these kinds of vehicles. Compared to conventional gasoline/diesel vehicles, electric cars are less expensive to purchase and maintain. Additionally, electric cars produce fewer harmful emissions from gasoline into the atmosphere. Due to several factors, including growing global sales of electric vehicles, rising demand for zero-emission vehicles, and the development of government initiatives to encourage the adoption of electric cars, the global market for bidirectional EV chargers is expected to increase in the upcoming years.
Major factors anticipated to propel the global bidirectional EV charger market are technological advancements in the electric vehicle and charging infrastructure, including ultra-fast chargers, portable charging stations, load management with intelligent charging, automated payment systems for charging, and bi-directional charging.
Enumeration of Leading Companies in the Bidirectional Electric Vehicle Charging Industry:
The following companies are included in the list: Hyundai Mobis Co. Ltd.; ABB; Blink Charging Co.; Siemens AG; Denso Corporation; Hitachi Automotive Systems, Ltd.; Toyota Industries Corporation; MAGNUM CAP; Enphase Energy, Inc.; Autel Energy; The Mobility House GmbH; Wallbox Chargers, SL.; Indra Renewable Technologies Limited;
Market Dynamics:
Drivers-
The rising adoption of biofuels has resulted in increased levels of air pollution, resulting in the prevalence of numerous respiratory and other ailments among the global population is increasing. The major reasons projected to boost the growth of the worldwide EV charger market are the reduction of carbon footprint and the shift towards clean and green energy. Consumer awareness of carbon emissions from vehicles, rising environmental consciousness, increases in living standards, and expanding use of new technologies are all driving the worldwide EV charger market forward.
Challenges:
The main challenge in underdeveloped countries is a lack of understanding and commercialization of bio-based products, which is expected to slow the growth of the Bidirectional Electric Vehicle Charger Market. There is a paucity of EV charging stations, as well as a lack of standards. The increased demand for premium and feature-enhanced autos, as well as wireless charging for electric vehicles, have all had a big impact on the business. Vehicle battery durability and efficiency have been reduced as a result of charging lifecycles and batteries. Overheat in Prolonged Bidirectional Charging is projected to have a negative impact on market growth throughout the forecast period.
Regional Trends:
Asia Pacific Bidirectional Electric Vehicle Charger Market is expected to register a major market share in terms of revenue and is projected to grow at a high CAGR in the near future. The recent increase in the price of gas and diesel has raised demand for fuel-efficient automobiles. This is due to dwindling fossil fuel reserves and an increase in firms' desire to maximize profits from these oil supplies.
As a result, these factors increase the demand for sophisticated fuel-efficient technology, increasing demand for electrically driven vehicles for travel. The United States, France, Germany, and China have enacted tough government laws and regulations regarding vehicular emissions, requiring automobile makers to adopt innovative technologies to battle high-emission levels in automobiles. The California Air Resources Board (CARB) has initiated a program that includes instructions for manufacturers to produce and deliver zero-emission cars (ZEVs), significantly increasing the adoption of electric vehicles and, thereby, bidirectional electric vehicles.
Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/1830
Recent Developments:
• In December 2022, Fermata Energy and Phoenix Motorcars entered into a long-term collaboration for V2X bidirectional charging. According to the agreement, Fermata Energy would combine Phoenix's zero-emission drive system with its V2X bidirectional chargers and AI-driven software platform.
Segmentation of Bidirectional Electric Vehicle Charger Market-
By Application-
• Vehicle-to-Grid (V2G)
• Vehicle-to-Home (V2H)
• Others (Vehicle-to-Vehicle and Vehicle-to-Load)
By Source-
• OEM
• Aftermarket
By Propulsion Type-
• Battery Electric Vehicle (BEV)
• Plug-in Hybrid Electric Vehicle (PHEV))
By Deployment of Charger-
• Domestic
• Commercial
By Charging Type-
• 100 kWh
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
For More Customization @ https://www.insightaceanalytic.com/report/bidirectional-electric-vehicle-charger-market/1830
Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 718 593 4405
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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