Vehicle-to-Grid Technology Market: Key Business Opportunities Along With Potential Challenges 2019 - 2027
In a recent research report by Transparency Market Research, the analysts state that the global vehicle to grid technology market is expected to grow at a massive pace over the course of the mentioned forecast period of 2019 to 2027. According to the report, the vehicle to grid technology market will exhibit a humungous CAGR of 46% in the given projection period. There are several factors that are influencing the growth of the global vehicle to grid technology market. One of the most influential factor is the integration of battery electric vehicles (BEVs) with the vehicle to grid technology. This is creating a wide range of business opportunities for the growth of the market. This new technology offers a smart grid solutions to the customers that allows them to have price arbitrage and provides better control of the energy reserves of the vehicle. Hence, the vehicle owners can offer supplementary services to bigger distribution network operators. This also gives them...