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

Think of renewable energy integration as a real engine powering the growth of the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market. People also want energy resilience and backup, which is another big factor pushing this market forward. However, let's be real, the high upfront costs are definitely a hurdle. Plus, sorting out all the infrastructure and compatibility challenges isn't exactly a walk in the park. On the flip side, the electric vehicle (EV) revolution is creating a massive opportunity. And get thisdemand response programs are really starting to empower consumers, which is a total game-changer for the market.

The world of energy is really changing, mainly because we're all paying more attention to affordability and realizing the real impact of traditional energy sources on our planet. Because of this push for cleaner and cheaper energy, things like solar panels are becoming super popular. And that's a big deal for the Global Home V2H (Vehicle-To-Home) Power Supply Systems Market. V2H systems are totally changing how we use and control energy at home! We're seeing more and more people adding renewable energy sources to their homes lately. Solar panels, especially, are becoming the go-to choice for homeowners who want clean, sustainable power. Why's this happening? Well, people are worried about the environment, governments are offering incentives, and solar tech is just getting better and better.

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.

Imagine harnessing the sun's energy and storing it up for later! When you pair solar panels with Home V2H Power Supply systems, that's exactly what you can do. You're basically putting energy in the bank to use whenever your family needs it, which is awesome for the environment and cuts down on relying on those less-friendly energy sources. But it's not just about being green – money talks, right? Solar-powered chargers give homeowners a real chance to lower their electricity bills. And here's the cool partif your solar chargers make more power than you need on a sunny day, you can store that extra juice in your electric vehicle's (EV) battery thanks to the V2H system. Then, when the sun isn't shining, or everyone's using a ton of power, you can tap into that stored energy to power your home instead of pulling from the grid.

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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