Top 20 Companies Shaping the Global Vehicle-to-Grid (V2G) Ecosystem: Market Statistics, Demand and Growth Insights
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, the Global Vehicle-to-Grid (V2G) Technology Market Size is projected to grow from USD 3.7 billion in 2023 to USD 123.6 billion by 2033, at a CAGR of 42.03% during the forecast period 2023–2033. This growth is driven by the rapid adoption of electric vehicles (EVs), increased integration of renewable energy, and government incentives for energy storage and grid stabilization technologies. Bidirectional charging, smart EV integration, and predictive energy management are key trends shaping the market's future.
Introduction
The vehicle-to-infrastructure (V2G) technology enables electric cars (EVs) to communicate and interact with the power infrastructure. EVs can return excess energy to the grid or adjust their charging time, which helps to stabilize and regulate the energy supply. the vehicle to grid (V2G) technology market encompasses all companies and technologies involved in connecting electric vehicles to the electricity grid. This market intends to increase energy efficiency and manage peak electricity demand by utilizing electric vehicles as mobile power sources.
V2G technology facilitates the bidirectional flow of energy between electric vehicles and the power grid. This intelligent energy exchange helps balance grid load, optimize renewable energy usage, and support infrastructure during peak demand. As EV adoption surges, V2G systems enhance energy efficiency, reduce costs for businesses and households, and promote environmental sustainability. Countries throughout the world are establishing new decade-long zero-emission transport milestones to encourage the development of bi-directional charging systems and V2G-enabled electric vehicles (EV). These rules complement worldwide climate commitments such as the Paris Agreement, and V2G technologies will now play a larger role in sustainable energy systems. The growing necessity for utilities to manage intermittent renewable resources has resulted in greater EV investment flexibility, or the deployment of EVs as active components of the electrical grid.
Using advanced AI, smart charging systems, and cloud platforms, V2G solutions are being deployed across industrial, commercial, and residential applications. These solutions not only provide backup power but also allow vehicle owners to earn through energy trading. The market is rapidly evolving with innovative startups and established players developing scalable, secure, and interoperable V2G platforms.
Key Market Drivers and Technological Advancements:
Smart Battery Swapping and Utility Collaboration Strengthen V2G Growth
The rapid surge in EV usage, along with the strain on power grids, is driving utilities and startups to work on scalable V2G infrastructure. Vehicle batteries are now acknowledged as valuable distributed energy storage units that help to stabilize the grid and provide a cost-effective power supply. Additionally, the growing demand for EVs, combined with greater grid load, is driving the need for reliable V2G solutions. AI-based algorithms allow for predictive charging, load forecasting, and real-time energy flow optimization. Smart inverters, IoT connection, and cloud analytics are changing V2G from a niche trial project to a commercially viable infrastructure.
For Instance, in June 2023, Sheru, an Indian energy storage company, partnered with BSES Rajdhani Power Ltd to establish India’s first vehicle-to-grid (V2G) EV battery swapping station in New Delhi. According to Ankit Mittal, CEO & Co-founder of Sheru, EV batteries can become essential energy storage assets for India's grid, especially as EV adoption accelerates. Their patented energy vending machine model allows parked EV batteries to seamlessly discharge stored power back into the grid, enhancing energy availability and reducing utility infrastructure costs. Similarly, AMPD.CAMP in the United States uses AI to manage decentralized energy storage networks, maximizing EV charging and discharging to benefit both users and grid operators.
Vehicle-to-Grid (V2G) Technology Market Size & Statistics
- The market for vehicle-to-grid (V2G) technology was estimated to be worth USD 3.7 billion in 2023.
- The market is going to expand at a CAGR of 42.03% between 2023 and 2033.
- The Global Vehicle-to-Grid (V2G) Technology Market is anticipated to reach USD 123.6 billion by 2033.
- North America is expected to lead the vehicle-to-grid (V2G) technology market during the forecast period.
- Asia-Pacific is experiencing the fastest vehicle-to-grid (V2G) technology market growth during the forecast period.
Regional growth and demand
The Asia-Pacific (APAC) region is experiencing the fastest growth in the vehicle-to-grid (V2G) technology market.
The market in Asia-Pacific is booming as EV penetration rises, renewable energy deployment increases, and governments provide significant support for smart energy infrastructure. According to industry estimates, renewable energy sources will account for 29% of Asia's electricity generation in 2024. Countries like China, Japan, South Korea, and Australia are leading the way, investing extensively in EV ecosystem development and grid modernization. Japan has been a pioneer in vehicle-to-grid innovation, promoting bidirectional charging through its sophisticated EV fleet and disaster-preparedness laws. China's aggressive EV ambitions, along with large-scale solar and wind projects, have increased the demand for flexible energy storage options, making vehicle-to-grid technology a strategic fit.
North America continues to lead the global vehicle-to-grid (V2G) technology market. This dominance is due to the region's strong energy infrastructure, rising use of electric vehicles (EVs), and favorable government policies favoring renewable energy and grid resilience. Key considerations include the rapid development of EV sales in the United States and Canada, which necessitates powerful V2G solutions. North America benefits from the presence of major EV manufacturers like Tesla, who aggressively integrate V2G technology into their vehicles. Furthermore, policies supporting renewable energy integration are driving an increase in V2G adoption by regional utilities to stabilize the grid and reduce peak loads.
Top 20 Companies Leading the Vehicle-to-Grid (V2G) Technology Market
- AMPD.CAMP
- VCG
- Bionever
- DejaBlue
- Sheru
- Nissan Motor Corporation
- Mitsubishi Motors Corporation
- NUVVE Corporation
- ENGIE Group
- OVO Energy Ltd
- Groupe Renault
- Honda Motor Co., Ltd.
- NRG Energy Inc.
- ABB Ltd.
- AC Propulsion Inc.
- Denso Corporation
- Edison International
- Toyota Shokki
- Tether
- Electric Miles
1. AMPD.CAMP
Headquarters – USA
AMPD.CAMP creates an AI-powered vehicle-to-grid energy storage technology to improve electric car infrastructure through renewable energy integration. Their technology uses proprietary software and hardware to connect, control, and charge underutilized energy storage equipment. The platform optimizes energy usage using AI, helping to decarbonize the grid. This method promotes renewable energy, minimizing reliance on fossil fuels. Electric car owners and grid operators gain from improved energy economy and stability. Furthermore, the seamless integration of these technologies creates a strong solution to modern energy storage difficulties.
2. VCG
Headquarters - Sweden
VCG creates and operates an electric car charging network for both residences and businesses. The company provides a variety of charging boxes, including Zaptec Pro, Zaptec Go, DEFA Prower Facility, and Amina S. It also creates a smartphone application that allows users to find local charging stations, commence and terminate charging sessions, and process payments quickly. Furthermore, VCG specializes in DC charging installations, offering experience from early studies to maintenance and operation. Electric car owners, corporations, and housing organizations all benefit from the company's products and services. As a result, the company helps to promote sustainable transportation by simplifying the shift from automobile to grid-based solutions.
3. Sheru
Headquarters - India
Sheru creates a vehicle-to-grid (V2G) system for grid balancing and energy storage. Electric vehicle batteries can store and deliver power to the electrical grid due to the company's bidirectional battery-swapping technology. Sheru's unique energy vending machine creates a virtual energy storage platform by charging batteries and returning energy when needed. By utilizing idle EV battery capacity, this dispersed network helps utilities overcome their capital expenditure issues. In addition, the system incorporates renewable energy sources and maintains grid stability during times of high demand. In addition to saving power providers money on infrastructure, EV owners can make extra money from the batteries in their cars.
4. Bionever
Headquarters - South Korea
Bionever develops an intelligent charging system for integration with electric vehicles. Bidirectional energy flow between electric vehicles and the power grid is optimized by the company's technology. This technology achieves efficient load balancing and grid stabilization through the application of sophisticated algorithms and real-time data processing. It forecasts trends in energy use using machine learning and modifies charging schedules appropriately. Additionally, by storing excess power in connected electric vehicles during off-peak hours, the system enhances the use of renewable energy. In order to maintain grid stability during fluctuations, Bionever's V2G technology additionally provides frequency regulating services. Higher grid dependability and cheaper infrastructure costs are thus advantageous to utility companies and grid operators.
5. DejaBlue
Headquarters - France
A comprehensive framework for scalable EV charging infrastructure is provided by DejaBlue. The platform manages access, pricing, and payments in addition to carrying out technical evaluations and installing chargers. It optimizes charge distribution and reduces installation costs through dynamic power management based on modular architecture. The system has longer uptimes, is very dependable, and comes with an intuitive site management interface. Automated charging schedules and real-time monitoring maximize electricity use and costs. Additionally, integrating solar and on-site batteries enhances V2G capabilities and energy management. Businesses and professionals searching for trustworthy and reasonably priced EV charging alternatives would profit from this simplified and effective approach.
Are you ready to discover more about all the vehicle-to-grid (V2G) technology?
The report provides an in-depth analysis of the leading companies operating in the global vehicle-to-grid (V2G) technology market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- AMPD.CAMP
Business Overview
Company Snapshot
Products Overview
Company Market Share Analysis
Company Coverage Portfolio
Financial Analysis
Recent Developments
Merger and Acquisitions
SWOT Analysis
- VCG
- Bionever
- DejaBlue
- Sheru
- Nissan Motor Corporation
- Mitsubishi Motors Corporation
- NUVVE Corporation
- OVO Energy Ltd
- Groupe Renault
Conclusion
Energy-smart solutions are urgently needed as a result of the global electrification trend, and vehicle-to-grid (V2G) technology is becoming a key component of power infrastructure that is prepared for the future. V2G improves grid dependability, incorporates intermittent renewable sources, and opens up new revenue streams for EV users by empowering EVs to function as dynamic energy assets. The V2G ecosystem is positioned for exponential growth due to the quick development of bidirectional charging technologies, AI-driven optimization, and utility-scale installations. Regional markets are setting the stage for widespread V2G adoption, from North America's tech collaborations to Europe's regulatory drive and Asia-Pacific's infrastructure jump.
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