Global Home V2H (Vehicle-To-Home) Power Supply Systems Market Size By Product (DC Power Supply, AC Power Supply), By Geographic Scope And Forecast

Home V2H (Vehicle-To-Home) Power Supply Systems Market Size And Forecast

Home V2H (Vehicle-To-Home) Power Supply Systems Market size was valued at USD 100.93 Million in 2023 and is projected to reach USD 2,716.92 Million by 2030, growing at a CAGR of 51.71% from 2024 to 2030.

Renewable energy integration and energy resilience and backup are the factors driving the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market growth. The Global Home V2H (Vehicle-To-Home) Power Supply Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Home V2H (Vehicle-To-Home) Power Supply Systems Market Definition

Vehicle-to-home, or V2H, is a method of transferring energy from a parked electrical vehicle (EV) battery to the house for use as a backup power source during blackouts. It makes use of smart EV charging and bidirectional (two-way) charging, thus powering a house or small business for many days. When using the EV battery to provide power during instances of high demand, when energy from the grid is most expensive, homeowners in locations where utilities provide variable pricing can utilize V2H to lower their electric costs.

Another way to lessen the carbon impact is to use the energy from the EV battery rather than grid power. Even more environmentally beneficial is V2H when used with household solar panels. Solar energy generated during the day by the home’s solar panels can be stored in the EV battery and utilized to power the house at night (home-to-vehicle power flow). In this use scenario, a costly battery for home storage is supplemented or replaced by the EV.

Global Home V2H (Vehicle-To-Home) Power Supply Systems Market Overview

Renewable energy integration is a driving force in the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market. Energy resilience and backup is driving forces of the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market. Overcoming the financial hurdle as high initial costs is a restraint in the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market. Infrastructure and compatibility challenges as restraints in the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market. The electric vehicle (EV) revolution has become an intensive opportunity for the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market. Emerging empowering consumers with demand response programs is a transformative opportunity for the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market.

The global energy scene is going through a significant change, driven by a rising spotlight on manageability and developing familiarity with the natural effect of regular energy sources. As a feature of this shift towards greener and more economical energy arrangements, the reception of sustainable power sources, like solar light-based chargers, is picking up huge speed. This pattern is a significant driver for the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market, where V2H systems assume an urgent part in changing how families oversee and use their energy assets. The combination of sustainable power sources in private settings has seen a significant upsurge lately. Solar-powered chargers, specifically, have become progressively famous among homeowners hoping to saddle spotless and feasible energy. This development in solar-oriented reception is ascribed to a few variables, including natural worries, government motivations, and progressions in solar-powered innovation.

One of the essential main impetuses behind the reception of environmentally friendly power is the basic of ecological supportability. Conventional energy sources, like petroleum products, are prominent for their ozone-harming substance discharges and obligations to environmental change. Thus, people and networks are looking for eco-friendly choices to lessen their carbon impression. Solar-based power, saddled through solar-based chargers, remains a noticeable decision in such a manner. By catching energy from the solar, solar-powered chargers create power without emanations, making them a spotless and environmentally friendly power source.

When joined with Home V2H Power Supply systems, this solar-oriented energy can be productively put away and used in the family, advancing supportability and lessening reliance on non-sustainable assets. Past natural contemplations and sustainable power, reception are driven by monetary variables. Solar-powered chargers offer homeowners the chance to lessen their power charges essentially. The overabundance of energy produced by solar light-powered chargers during radiant periods can be put away in the battery of an electric vehicle (EV) through a V2H framework. Thus, this put-away energy can be utilized to drive the home during top interest periods or when the solar isn’t sparkling, decreasing the dependence on matrix power.

Global Home V2H (Vehicle-To-Home) Power Supply Systems MarketSegmentation Analysis

The Global Home V2H (Vehicle-To-Home) Power Supply Systems Market is Segmented on the basis of Product and Geography.

Home V2H (Vehicle-To-Home) Power Supply Systems Market, By Product

• DC Power Supply
• AC Power Supply

To Get a Summarized Market Report By Product-

Based on Product, the market is bifurcated into DC Power Supply and AC Power Supply. AC Power Supply accounted for the largest market share of 78.51% in 2022, with a market value of USD 79.24 Million and is projected to grow at a CAGR of 51.16% during the forecast period. DC Power Supply was the second-largest market in 2022, valued at USD 21.69 Million in 2022; it is projected to grow at the highest CAGR of 53.57%.

Home V2H (Vehicle-To-Home) Power Supply Systems Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

To Get a Summarized Market Report By Geography-

On the basis of Regional analysis, the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market is classified into North America, Europe, Asia Pacific, Latin America the Middle East and Africa. Asia Pacific accounted for the largest market share of 31.68% in 2022, with a market value of USD 170.91 Million, and is projected to grow at the highest CAGR of 5.61% during the forecast period. North America was the second-largest market in 2022, valued at USD 151.41 Million in 2022; it is projected to grow at a CAGR of 3.93%.

Key Players

The “Global Home V2H (Vehicle-To-Home) Power Supply Systems Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are DENSO Corporation, Nissan Motor Co. Ltd., Mitsubishi Motors Corporation, Nichicon Corporation, Wallbox, Fermata Energy LLC, Mercedes-Benz Group AG, SETEC Power, Hager Group, Indra Renewable Technologies Ltd., Honda Motor Company, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Coating Type benchmarking and SWOT analysis.

Report Scope

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