A new report predicts a compound annual growth rate (CAGR) of 47.68 percent for vehicle-to-grid (V2G) systems between 2015 and 2019. The ability of these systems to balance grid loads and meet high load demands are responsible for their growth. V2G systems are also valuable for their ability to use an electric vehicle as a backup power source during emergencies. The report also notes that government incentives for electric vehicle charging stations and increased EV sales will lead to more charging stations being built across the globe. Read more in the press release below.
Chemical company BASF is suing battery material supplier Umicore over a type of battery cell chemistry that could improve electric vehicle performance. BASF, which holds exclusive license to nickel-cobalt manganese (NMC) cathode material, is suing Umicore for selling said material. The suit seeks billions of dollars in damages and claims Umicore threatened to sue companies for doing business with BASF. The lawsuit also involves 3M, Makita and Argonne National Laboratory, as well as specifics about electrochemistry and US and international patent law. What it will all mean for the future of NMC technology and EVs is still unclear. Read more at Quartz, or at Green Car Reports.
DALLAS, April 6, 2015 /PRNewswire via COMTEX/ -- DALLAS, April 6, 2015 /PRNewswire/ --
ReportsnReports.com adds Global Grid-to-Vehicle (V2G) Market 2015-2019 research report that says ability of vehicle-to-grid systems to meet high electric load demands has resulted in the immense growth of the Global Vehicle-to-Grid (V2G) Market, which is expected to post a CAGR of 47.68% from 2015-2019.
The Global Vehicle-to-grid market is divided into the following segments based on application: Electric Vehicles, Technology, and Infrastructure. The number of charging stations in the Chinese and European markets will grow at a rapid rate, given the cost reductions and entrepreneurial development in the regions. Load levelling is one of the most essential functions of V2G technology and helps balance loads between periods of high and low demand.
This latest report Global Grid-to-Vehicle (V2G) Market 2015-2019 also emphasizes government incentives and subsidies on electric vehicle (EV) charging stations and the increasing sales of EVs that are expected to contribute to the growing number of charging stations worldwide.
V2G technologies enable the usage of electric vehicles as distributed storage devices. The stored power can be utilized to feed the electrical system during periods of peak demand or for use in homes and offices. V2G is useful in times of sudden surges in electrical load, and as a back-up in case of emergencies.
The report on Global Vehicle-to-grid Market for 2015-2019 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the Global Vehicle-to-grid market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Companies like AC Propulsion, Boulder Electric Vehicle, Coritech Services, EV Grid, Corinex, Enerdel, Ford Technology, Honda, NextEnergy, NRG Energy as well as Pacific Gas and Electric Company are discussed and/or mentioned in this research available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=358796 .
Questions on the vehicle-to-grid market (V2G) that this research helps answer include what will the market size be in 2019 and what will the growth rate be? What are the key grid-to-vehicle market trends? What is driving the V2G market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
List of Exhibits provided in Global Grid-to-Vehicle (V2G) Market 2015-2019 research report include:
Exhibit 1: Market Research Methodology
Exhibit 2: Global Vehicle-to-Grid Market 2015-2019 (US$ billion)
Exhibit 3: Global Vehicle-to-Grid Market by Application 2014
Exhibit 4: Global Vehicle-to-Grid Market by Application 2019
Exhibit 5: Global Vehicle-to-Grid Market by Application 2014-2019
Exhibit 6: Global Vehicle-to-Grid Market by V2G Electric Vehicles 2014-2019 (US$ billion)
Exhibit 7: Global Vehicle-to-Grid Market by Technology 2014-2019 (US$ billion)
Exhibit 8: Global Vehicle-to-Grid Market by Infrastructure 2014-2019 (US$ billion)
Exhibit 9: Global Vehicle-to-Grid Market by Geographical Segmentation 2014
Exhibit 10: Global Vehicle-to-Grid Market by Geographical Segmentation 2019
Exhibit 11: Global Vehicle-to-Grid Market by Geographical Segmentation 2014-2019
Exhibit 12: Vehicle-to-Grid Market in the Americas 2014-2019 (US$ billion)
Exhibit 13: Vehicle-to-Grid Market in the APAC Region 2014-2019 (US$ billion)
Exhibit 14: Vehicle-to-Grid Market in the EMEA Region 2014-2019 (US$ billion)
Exhibit 15: Government Incentives to Increase Purchase of Electric Vehicles
Exhibit 16: Sales of PHEV and EV in US
Exhibit 17: AC Propulsion: Products and Services
Exhibit 18: AC Propulsion: Geographical Presence
Exhibit 19: Coritech Services: Product Segmentation
Exhibit 20: EV Grid: Key Services
Another report on Robot Cars and Trucks: Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021 says that these markets beginning to develop in 2015 will rise to $868 million by 2021. Growth is a result of various moves toward autonomous vehicles that park themselves, provide automated steering, are used as test vehicles, are used as mapping vehicles, and that provide driver alerts but fall sort of complete robotically operated car vehicles. Market driving forces relate primarily to the need for increased safety and personalization for autos. Car manufacturers are positioning with robot car models to meet demand at the high end. Many robot vehicle car vendors are making automation for personal vehicles and truck a reality. Read more at http://www.reportsnreports.com/reports/363201-robot-cars-and-trucks-market-shares-strategies-and-forecasts-worldwide-2015-to-2021.html .
Market leading companies like Google, Ford, BMW, Tesla, Daimler AG / Mercedes-Benz, Fuji, GM, Kairos, Nissan, Toyota, Volkswagen / Audi as well as market participants like Allen Vanguard, Audi, BAE Systems, Boston Dynamics, Bosch Group, Evatran Group, BMW, Buick Group, Chrysler / Dodge, Daimler AG/Mercedes-Benz, ECA Robotics, Elbit Systems, Evatran Group, Ford / Lincoln, Fuji Heavy Industries / Subaru, General Dynamics, Google Self-Driving Car, GM / Cadillac, iRobot Revenue, Kairos Autonomi, Kongsberg, Jaguar Land Rover, Lockheed Martin, Mesa Robotics, Mitsubishi, Nissan, Qualcomm, Thales Group, Toyota / Lexus, Vecna Technologies, Volkswagen / Porsche, Volvo, Visteon and WiTricity are covered in this research available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=363201 .