Navigant Research Finds Vehicle Grid Integration Technologies and Services Are Expected to Make up a $700 Million Market by 2026

Opportunities for vehicle grid integration deployment vary by
location according to plug-in electric vehicle population, the grid,
renewables penetration, and regulatory structures

BOULDER, Colo.–(BUSINESS WIRE)–#EVSE–A new report from Navigant
Research analyzes the market opportunity for vehicle grid
integration (VGI) technologies used to support grid reliability and
stability, providing global forecasts for plug-in electric vehicles
(PEVs), networked and bidirectional electric vehicle supply equipment
(EVSE), and VGI capacity and revenue, through 2026.

As PEV adoption picks up pace within the next few decades, the
electrification of transportation is expected to increase load
significantly. For utilities, actively managing and spreading the load
across infrastructure assets and time via VGI technologies can prevent
infrastructure upgrade costs and may also decrease grid balancing costs. Click
to tweet: According to a new report from @NavigantRSRCH,
VGI technologies and services are estimated to achieve a market size of
$700 million by 2026.

“Opportunities for VGI deployment vary significantly by location
depending on the confluence of a growing PEV population, an advanced
grid, penetration of renewable resources, and an encouraging grid
regulatory structure,” says Scott Shepard, senior research analyst with
Navigant Research. “Additionally, an increased focus from utilities and
grid operators to enroll PEVs in grid services and demand response
programs will have significant impacts on the VGI market.”

Navigant Research estimates that the combined global market for
regulation and demand response (grid services) is currently near 198 GW.
By 2026, global increases in renewables penetration and the advance of
smart grid organizational structures are expected to bring the grid
services market to more than 516 GW. According to the report, VGI will
grow significantly in the next 10 years but account for only a minute
portion of global grid service capacity by 2026.

The report, Vehicle
Grid Integration, analyzes the market opportunity for VGI
technologies to be used to support grid reliability and stability. The
study considers various policy factors associated with the growth of
VGI, as well as significant market drivers and barriers. Global market
forecasts for PEVs, networked and bidirectional EVSE, and VGI capacity
and revenue extend through 2026. The report also examines the major VGI
technologies and case studies and profiles key market participants. An
Executive Summary of the report is available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Vehicle Grid Integration, is a summary and reflects
Navigant Research’s current expectations based on market data and trend
analysis. Market predictions and expectations are inherently uncertain
and actual results may differ materially from those contained in this
press release or the report. Please refer to the full report for a
complete understanding of the assumptions underlying the report’s
conclusions and the methodologies used to create the report. Neither
Navigant Research nor Navigant undertakes any obligation to update any
of the information contained in this press release or the report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]