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    Home > Chemicals Industry > International Chemical > In 2026, the scale of global in-vehicle grid integration systems will reach 700 million US dollars

    In 2026, the scale of global in-vehicle grid integration systems will reach 700 million US dollars

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Navigant Research, a US market research institution, recently released a report that by 2026, the global vehicle power grid technology and services market is expected to reach $700 million
    .

    With the popularity of electric vehicles in the coming decades, the electrification load of transportation is expected to increase
    significantly.
    For utilities, effective management of infrastructure assets through on-board grid integration technology can reduce grid balancing costs
    .

    Scott Shepard, senior research analyst at Navigant Research, said: "The opportunity to deploy in-vehicle grid integration technology varies greatly by location, depending on the growing number of plug-in electric vehicle users, advanced power grids, the availability of renewable resources, and the grid regulatory structure
    for cash.

    In addition, the increasing inclusion of electric vehicles in grid services and demand response plans by utilities and grid operators will have a significant impact
    on the in-vehicle grid integration market.

    Navigant Research estimates that the current global regulatory and demand response market (grid services category) is close to 198 GW
    .
    Increasing global renewable energy penetration and advancing smart grid organizational structure are expected to bring this market size to more than 516 GW
    by 2026.

    According to the report, in-vehicle grid integration technology will grow significantly over the next 10 years, but will only account for a small fraction
    of the global grid service capacity by 2026.

    Navigant Research, a US market research institution, recently released a report that by 2026, the global vehicle power grid technology and services market is expected to reach $700 million
    .

    On-board power grid

    With the popularity of electric vehicles in the coming decades, the electrification load of transportation is expected to increase
    significantly.
    For utilities, effective management of infrastructure assets through on-board grid integration technology can reduce grid balancing costs
    .

    Scott Shepard, senior research analyst at Navigant Research, said: "The opportunity to deploy in-vehicle grid integration technology varies greatly by location, depending on the growing number of plug-in electric vehicle users, advanced power grids, the availability of renewable resources, and the grid regulatory structure
    for cash.

    In addition, the increasing inclusion of electric vehicles in grid services and demand response plans by utilities and grid operators will have a significant impact
    on the in-vehicle grid integration market.

    Navigant Research estimates that the current global regulatory and demand response market (grid services category) is close to 198 GW
    .
    Increasing global renewable energy penetration and advancing smart grid organizational structure are expected to bring this market size to more than 516 GW
    by 2026.

    According to the report, in-vehicle grid integration technology will grow significantly over the next 10 years, but will only account for a small fraction
    of the global grid service capacity by 2026.

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