Lewes, DE -- (SBWIRE) -- 04/18/2016 -- Report forecast the global vehicle grid integration technologies market to grow at a CAGR of 33.7% during the period 2016-2020.

Widespread electrification of the transportation sector has allowed the production of millions of EVs. These EVs have high potential to reduce greenhouse gas (GHG) emissions and other air pollutants. The process of integrating EVs with the grid to provide ancillary services to the grid is called V2G integration.

A V2G system facilitates the flow of power between a power grid and electric drive vehicles such as battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), or fuel cell electric vehicle.

These V2G systems also provide a network that helps the owner communicate with the power grid. In addition, the V2G technology provides demand response services to the power grid, enhancing the efficiency of the system while operating heavy loads.

Integrating vehicles into the grid requires technologies such as bidirectional chargers and communication and control systems, which enable a two-way flow of power between the vehicle and the grid.

The report covers the present scenario and the growth prospects of the global vehicle grid integration technologies market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, EVs have the potential to reduce pollution and the dependency on fossil fuels. The governments of various countries are providing incentives and building necessary infrastructure to support the adoption of these vehicles. As a result, the number of EVs has been growing steadily.

Further, the report states that V2G services require extensive charging and discharging facilities for the battery to be used to its full potential. Though smart grid technologies manage V2G supply, different charging or discharging points, smart parking spaces, billing meters, and wireless and wired communication systems require substantial investments.

Global Vehicle Grid Integration Technologies Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Vehicle Grid Integration Technologies Market: AC Propulsion Inc., Coritech Services Inc, Denso Corporation, and Hitachi Ltd.

Other Prominent Vendors in the market are: Autoport, BMW, Daimler, Honda and Kisensum.

Key vendors
- AC Propulsion Inc.
- Coritech Services Inc
- Denso Corporation
- Hitachi Ltd.

Market challenge
- Costs associated with V2G infrastructure
- For a full, detailed list, view our report

Market trend
- Popularity of EVs and increase in government initiatives
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this 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?

Spanning over 55 pages and 35 Exhibit "Global Vehicle Grid Integration Technologies Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by technology, Geographical segmentation, Key leading countries, Market drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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