DUBLIN, April 4, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Vehicle Grid Integration Technologies Market 2016-2020" report to their offering.

This report forecasts 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.

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.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by technology

PART 07: Geographical segmentation

PART 08: Key leading countries

PART 09: Market drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

Companies Mentioned:

• AC Propulsion Inc.
• Coritech Services Inc
• Denso Corporation
• Hitachi Ltd
• Autoport
• BMW
• Daimler
• Honda
• Kisensum.

For more information visit http://www.researchandmarkets.com/research/6lmtck/global_vehicle

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SOURCE Research and Markets