North America Vehicle-to-grid Technology Market Size & Outlook
The vehicle-to-grid technology market in North America is expected to reach a projected revenue of US$ 6,795.2 million by 2030. A compound annual growth rate of 26.3% is expected of North America vehicle-to-grid technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,327.6
Forecast, 2030 (US$M)
$6,795.2
CAGR, 2024 - 2030
26.3%
Report Coverage
North America
North America vehicle-to-grid technology market highlights
- The North America vehicle-to-grid technology market generated a revenue of USD 1,327.6 million in 2023.
- The market is expected to grow at a CAGR of 26.3% from 2024 to 2030.
- In terms of segment, smart meters was the largest revenue generating component in 2023.
- Smart Meters is the most lucrative component segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 1,327.6 million |
| Market revenue in 2030 | USD 6,795.2 million |
| Growth rate | 26.3% (CAGR from 2024 to 2030) |
| Largest segment | Smart meters |
| Fastest growing segment | Smart Meters |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Meters |
| Key market players worldwide | Hitachi Ltd, Honda Motor Co Ltd, Mitsubishi Corp, Nissan Motor Co Ltd, NRG Energy Inc, ABB Ltd, Denso Corp, Engie SA, Renault SA, Toyota Motor Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 38.5% of the global vehicle-to-grid technology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,897.9 million by 2030.
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Vehicle-To-Grid Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| NRG Energy Inc | View profile | 18131 | 910 Louisiana Street, Houston, TX, United States, 77002 | https://www.nrg.com |
| Renault SA | View profile | 105812 | 13-15, quai Le Gallo, Boulogne, Billancourt, France, 92100 | http://www.renault.com |
| Nissan Motor Co Ltd | View profile | 147116 | 1-1, Takashima 1-chome, Nishi-ku, Yokohama-shi, Kanagawa, Japan, 220-8686 | http://www.nissan-global.com |
| Honda Motor Co Ltd | View profile | 194993 | Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8556 | https://global.honda |
| Engie SA | View profile | 97000 | 1, Place Samuel de Champlain, Courbevoie, France, 92400 | https://www.engie.com |
| Denso Corp | View profile | 195471 | 1-1 Showa-cho, Kariya, Japan, 448-8661 | http://www.denso.co.jp |
| Toyota Motor Corp | View profile | 380793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | https://www.global.toyota |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
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