- Battery Electric
- Plug-in hybrid electric
- Fiel cell electric
- Hybrid Electric
- Others
Bidirectional Electric Vehicle Charger Market size was valued at USD 1,253.8 million in 2023 and is expected to grow at a CAGR of 16.5% from 2024 to 2030. The market for bidirectional electric vehicle (EV) chargers is expanding rapidly due to several important considerations driven by factors including the growing popularity of electric cars, which call for sophisticated infrastructure for charging them. Bidirectional chargers, which enable EVs to both receive power from and contribute to the grid, are becoming more and more popular because they have the potential to improve system stability and offer energy storage options. The adoption of green energy and sustainable transportation is further accelerated by government incentives and regulatory support.
Bidirectional charging solutions are becoming more and more popular due to the growing popularity of renewable energy sources and the requirement for effective energy management systems. It is retarded by several factors, which include high initial costs associated with the technology of bidirectional charging, in addition to complex integrations with pre-existing infrastructures. One of the latest trends is the increased focus on connected and intelligent charging systems that improve user experience, operational effectiveness, and advancements in charging technology, like wireless and ultra-fast charging, to create more adaptable and effective energy solutions. The great opportunities in the bidirectional EV charger market are concentrated in areas being focused on for smart grid development and energy resilience. Their integration into residential and commercial energy systems offers potential benefits such as peak shaving, load balancing, and backup power during outages in the bidirectional electric vehicle market.
Bidirectional Electric Vehicle Charger Market Key Developments:
- In May 2024: Fermata Energy partnered with Xcel Energy to launch an innovative Vehicle-to-Everything (V2X) bidirectional charging pilot project. This initiative transforms parked electric vehicles into mobile power units, enhancing grid resilience, lowering electricity costs, and supporting underserved communities and local businesses.
- In August 2023: Wallbox entered a strategic partnership with Kia America to introduce bi-directional charging for Kia’s EV9 customers. The initiative has been aimed at launching Wallbox’s second-generation DC bidirectional charger, Quasar 2, to Kia EV9 owners starting in the first half of 2024. Wallbox projects that Quasar 2 will be the first EV charger to enable bidirectional charging for the Kia EV9.
Bidirectional Electric Vehicle Charger Market Summary
Study Period
2024-2030Base Year
2023CAGR
16.5%Largest Market
North AmericaFastest Growing Market
Asia PacificBidirectional Electric Vehicle Charger Market Dynamics
The bidirectional electric vehicle charger market has Several significant trends in the bidirectional electric vehicle (EV) charger market indicating that the industry is changing as important development in bidirectional charging systems is the use of smart technology, which improves user experience and functionality. Users may effectively optimize charging durations and energy consumption with these smart chargers because of their growing array of sophisticated features, which include remote control, energy management capabilities, and real-time monitoring.
For instance, it is anticipated that the global market for smart EV chargers—which includes bidirectional models will reach the market, expanding at a compound annual growth rate. Besides this, the deployments are bound to increase when there is a corresponding rise in consumer awareness and demand for sustainable technologies. Full-bridge bidirectional chargers have the potential to contribute toward integrating renewable energy sources and help economize the consumption of energy, accordingly driving growth in this field. Thus, the growth prospects concerning the bidirectional EV charger market seem upbeat, with advances in technology and supportive regulatory environments shaping the future of the bidirectional electric vehicle charger market.
Europe Got Significant Share
Bidirectional Electric Vehicle Charger Market Regional Analysis
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Within the bidirectional electric vehicle charger market, Europe is considered the leading region on account of its highly committed stance toward sustainable growth and adequately developed regulatory framework that focuses on promoting greener technologies. It is fronted by countries like Germany, the Netherlands, and the UK, with massive investments in EV infrastructure and supportive policies encouraging the adoption of technologies in the field of bidirectional charging.
It is a strategic European market, given the further emphasis on the integration of renewable energy sources with EVs to support a V2G solution that will benefit grid stability and energy efficiency in the end. On the other hand, the Asia-Pacific area is the one with the quickest rate of growth, driven by the region's rapid economic development, growing urbanization, and government attempts to increase the adoption of electric vehicles. Leading the way in this expansion are China and Japan, who have made significant investments in EV technology and smart grid infrastructure. This growth will be fueled by the region's sizable and growing EV fleet, rising demand for sustainable energy solutions, and the adoption of favorable laws and incentives in the bidirectional electric vehicle charger market.
Latin America
Europe
Asia Pacific
Middle East
North America
Bidirectional Electric Vehicle Charger Market Segmentation
By Vechle Type
By Sales Channel
- OEM
- Aftermarket
By Application
- Vehicle-to-grid
- Vehicle-to-home
- Vehicle-to-load
By End User
- Residential
- Commercial
Geography
- North America
- Europe
- The Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The agriculture analytical market size was valued at USD 1,253.8 million in 2023 and is expected to grow at a CAGR of 16.5% over the forecast year to reach USD 3,651.8 million in 2030.
The bidirectional electric vehicle charger market is growing in popularity of electric cars, which calls for sophisticated infrastructure for charging them.
Increased focus on connected and intelligent charging systems that improve user experience, operational effectiveness, and advancements in charging technology, like wireless and ultra-fast charging, to create more adaptable and effective energy solutions.
Europe is the dominant region in the bidirectional electric vehicle charger market.
Asai-Pacific is the fastest-growing region in the bidirectional electric vehicle charger market.
Key Features of the Report
- The bidirectional electric vehicle charger market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.
| 1.Executive Summary |
| 2.Global Bidirectional Electric Vehicle Charger Market Introduction |
| 2.1.Global Bidirectional Electric Vehicle Charger Market - Taxonomy |
| 2.2.Global Bidirectional Electric Vehicle Charger Market - Definitions |
| 2.2.1.Vechle Type |
| 2.2.2.Sales Channel |
| 2.2.3.Application |
| 2.2.4.End User |
| 2.2.5.Region |
| 3.Global Bidirectional Electric Vehicle Charger Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Bidirectional Electric Vehicle Charger Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Bidirectional Electric Vehicle Charger Market By Vechle Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Battery Electric |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Plug-in hybrid electric |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Fiel cell electric |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Hybrid Electric |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Bidirectional Electric Vehicle Charger Market By Sales Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. OEM |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Aftermarket |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Bidirectional Electric Vehicle Charger Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Vehicle-to-grid |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Vehicle-to-home |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Vehicle-to-load |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Bidirectional Electric Vehicle Charger Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Residential |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Commercial |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9.Global Bidirectional Electric Vehicle Charger Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10.North America Bidirectional Electric Vehicle Charger Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Vechle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Battery Electric |
| 10.1.2.Plug-in hybrid electric |
| 10.1.3.Fiel cell electric |
| 10.1.4.Hybrid Electric |
| 10.1.5.Others |
| 10.2. Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.OEM |
| 10.2.2.Aftermarket |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Vehicle-to-grid |
| 10.3.2.Vehicle-to-home |
| 10.3.3.Vehicle-to-load |
| 10.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Residential |
| 10.4.2.Commercial |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11.Europe Bidirectional Electric Vehicle Charger Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Vechle Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Battery Electric |
| 11.1.2.Plug-in hybrid electric |
| 11.1.3.Fiel cell electric |
| 11.1.4.Hybrid Electric |
| 11.1.5.Others |
| 11.2. Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.OEM |
| 11.2.2.Aftermarket |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Vehicle-to-grid |
| 11.3.2.Vehicle-to-home |
| 11.3.3.Vehicle-to-load |
| 11.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Residential |
| 11.4.2.Commercial |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 12.Asia Pacific (APAC) Bidirectional Electric Vehicle Charger Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Vechle Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Battery Electric |
| 12.1.2.Plug-in hybrid electric |
| 12.1.3.Fiel cell electric |
| 12.1.4.Hybrid Electric |
| 12.1.5.Others |
| 12.2. Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.OEM |
| 12.2.2.Aftermarket |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Vehicle-to-grid |
| 12.3.2.Vehicle-to-home |
| 12.3.3.Vehicle-to-load |
| 12.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Residential |
| 12.4.2.Commercial |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Bidirectional Electric Vehicle Charger Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Vechle Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Battery Electric |
| 13.1.2.Plug-in hybrid electric |
| 13.1.3.Fiel cell electric |
| 13.1.4.Hybrid Electric |
| 13.1.5.Others |
| 13.2. Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.OEM |
| 13.2.2.Aftermarket |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Vehicle-to-grid |
| 13.3.2.Vehicle-to-home |
| 13.3.3.Vehicle-to-load |
| 13.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Residential |
| 13.4.2.Commercial |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14.Latin America Bidirectional Electric Vehicle Charger Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Vechle Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Battery Electric |
| 14.1.2.Plug-in hybrid electric |
| 14.1.3.Fiel cell electric |
| 14.1.4.Hybrid Electric |
| 14.1.5.Others |
| 14.2. Sales Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.OEM |
| 14.2.2.Aftermarket |
| 14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Vehicle-to-grid |
| 14.3.2.Vehicle-to-home |
| 14.3.3.Vehicle-to-load |
| 14.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Residential |
| 14.4.2.Commercial |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.Delta Electronics, Inc. |
| 15.2.2.Enphase Energy |
| 15.2.3.Tesla, Inc. |
| 15.2.4.Indra Renewable Technologies |
| 15.2.5.Wallbox USA Inc. |
| 15.2.6.Nissan |
| 15.2.7.ABB |
| 15.2.8.Siemens |
| 15.2.9.Schneider Electric |
| 15.2.10.Enel X |
| 15.2.11.EVBox |
| 15.2.12.Daimler AG |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
- Delta Electronics, Inc.
- Enphase Energy
- Tesla, Inc.
- Indra Renewable Technologies
- Wallbox USA Inc.
- Nissan
- ABB
- Siemens
- Schneider Electric
- Enel X
- EVBox
- Daimler AG