Global Bidirectional Electric Vehicle Charger Market Size is valued at USD 1.3 Billion in 2024 and is predicted to reach USD 9.1 Billion by 2034 at a 22.2% CAGR during the forecast period for 2025-2034.
Electric vehicles are growing increasingly popular, and utilities for applications go far beyond transportation. For numerous reasons, the bidirectional electric vehicle (EV) charger market is still in its early stages. To begin with, bidirectional charging technology is a relatively new concept that has yet to penetrate the market fully. This technology permits electric vehicles to consume and send energy back into the grid, delivering grid services and improving the grid's overall stability and resiliency. Second, electric car adoption is still in its early phases. Furthermore, as the percentage of renewable energy in the grid mix increases, this demand is projected to expand, as solar and wind energy are inherently intermittent and require flexible solutions like bidirectional charging to assist in balancing the system. As a result, the market for bidirectional electric car chargers is likely to grow throughout the forecast period.
However, the COVID-19 epidemic has had an impact on the bidirectional electric vehicle (EV) charger business, both positively and negatively. On the one hand, the pandemic reduced overall market growth due to the economic slump and restrictions on travel and mobility. This resulted in a decrease in demand for new electric vehicles, affecting the growth of the EV charger industry.
The Bidirectional Electric Vehicle Charger Market is segmented on the basis of application, source, propulsion type, charging type and deployment of chargers. Based on application, the market is segmented as Vehicle-to-Grid (V2G), Vehicle-to-Home (V2H), and Others (Vehicle-to-Vehicle and Vehicle-to-Load). The source segment includes OEM and aftermarket. By propulsion type, the market is further segmented into Battery Electric Vehicle (BEV) and Plug-in Hybrid Electric Vehicles (PHEV). Charging type segment comprises 100 kWh. The deployment of the charger segment includes domestic and commercial.
The Plug-in Hybrid Electric Vehicle (PHEV) category is expected to maintain a major share of the global bidirectional electric vehicle charger market in 2024. Increased government attempts to stimulate the sale of electric vehicles are a crucial cause that has led to the PHEV segment's domination in the global market. The rising global demand for alternative fuel vehicles has boosted sales of the PHEV sector. Growing production capacities of the top EV manufacturers, as well as increased production and deployment of EV charging stations, are fueling PHEV sales, and thus the development of this segment in the global EV charger market is expected to resume throughout the forecast period.
The domestic segment is projected to grow at a rapid rate in the global bidirectional electric vehicle charger market. The increased use of onboard chargers in residential units around the world has led to the expansion of the residential segment in the EV charger market. The majorities of consumers charge their automobiles at night and utilize them during the day for varied purposes. Rising investments in the creation of modern-day residential infrastructures, as well as the expanding use of BEV charging infrastructure in residential parking spaces, are likely to drive the expansion of this category in the future years.
Asia Pacific Bidirectional Electric Vehicle Charger Market is expected to register the highest market share in terms of revenue in the near future. The Asia Pacific EV charger market is primarily driven by rising EV charging infrastructure deployment and rising demand for electric automobiles. The increased use of EVs for public transportation in emerging and densely populated nations such as China and India is fueling the expansion of the EV charger industry. Emerging economies such as South Korea, China, and Japan intend to increase the number of charging stations in order to encourage the adoption of electric vehicles in their respective countries. Furthermore, the government's pollution rules are stringent, and EV acceptance among European customers is high. Consumers' growing awareness of carbon emissions, high disposable money, and improved living standards are driving growth.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 1.3 Billion |
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Revenue forecast in 2034 |
USD 9.1 Billion |
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Growth rate CAGR |
CAGR of 22.2% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Mn, Volume (Thousand Units) and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Application, Source, Propulsion Type, Charging Type And Deployment Of Chargers |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Wallbox Chargers, S.L., Indra Renewable Technologies Limited, Delta Electronics, Inc., Fermata Energy, Power Research Electronics BV, Hyundai Mobis Co. Ltd., ABB, Blink Charging Co., Siemens AG, Denso Corporation, Hitachi Automotive Systems, Ltd., Toyota Industries Corporation, MAGNUM CAP, Enphase Energy, Inc., Autel Energy, The Mobility House GmbH, EVBox. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Bidirectional Electric Vehicle Charger Market Snapshot
Chapter 4. Global Bidirectional Electric Vehicle Charger Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Application Estimates & Trend Analysis
5.1. by Application & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn) & Volume (Thousand Units)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
5.2.1. Vehicle-to-Grid (V2G)
5.2.2. Vehicle-to-Home (V2H)
5.2.3. Others (Vehicle-to-Vehicle and Vehicle-to-Load)
Chapter 6. Market Segmentation 2: by Source Estimates & Trend Analysis
6.1. by Source & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn) & Volume (Thousand Units)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Source:
6.2.1. OEM
6.2.2. Aftermarket
Chapter 7. Market Segmentation 3: by Propulsion Type Estimates & Trend Analysis
7.1. by Propulsion Type & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn) & Volume (Thousand Units)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Propulsion Type:
7.2.1. Battery Electric Vehicle (BEV)
7.2.2. Plug-in Hybrid Electric Vehicle (PHEV))
Chapter 8. Market Segmentation 4: by Deployment of Charger Estimates & Trend Analysis
8.1. by Deployment of Charger & Market Share, 2024 & 2034
8.2. Market Size (Value (US$ Mn) & Volume (Thousand Units)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Deployment of Charger:
8.2.1. Domestic
8.2.2. Commercial
Chapter 9. Market Segmentation 5: by Charging Type Estimates & Trend Analysis
9.1. by Charging Type & Market Share, 2024 & 2034
9.2. Market Size (Value (US$ Mn) & Volume (Thousand Units)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Charging Type:
9.2.1. 9.2.2. 20-40 kWh
9.2.3. 40-100 kWh
9.2.4. >100 kWh
Chapter 10. Bidirectional Electric Vehicle Charger Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Application, 2021-2034
10.1.2. North America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Source, 2021-2034
10.1.3. North America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Propulsion Type, 2021-2034
10.1.4. North America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Deployment of Charger, 2021-2034
10.1.5. North America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Charging Type, 2021-2034
10.1.6. North America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by country, 2021-2034
10.2. Europe
10.2.1. Europe Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Application, 2021-2034
10.2.2. Europe Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Source, 2021-2034
10.2.3. Europe Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Propulsion Type, 2021-2034
10.2.4. Europe Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Deployment of Charger, 2021-2034
10.2.5. Europe Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Charging Type, 2021-2034
10.2.6. Europe Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by country, 2021-2034
10.3. Asia Pacific
10.3.1. Asia Pacific Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Application, 2021-2034
10.3.2. Asia Pacific Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Source, 2021-2034
10.3.3. Asia-Pacific Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Propulsion Type, 2021-2034
10.3.4. Asia-Pacific Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Deployment of Charger, 2021-2034
10.3.5. Asia-Pacific Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Charging Type, 2021-2034
10.3.6. Asia Pacific Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by country, 2021-2034
10.4. Latin America
10.4.1. Latin America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Application, 2021-2034
10.4.2. Latin America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Source, 2021-2034
10.4.3. Latin America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Propulsion Type, 2021-2034
10.4.4. Latin America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Deployment of Charger, 2021-2034
10.4.5. Latin America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Charging Type, 2021-2034
10.4.6. Latin America Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by country, 2021-2034
10.5. Middle East & Africa
10.5.1. Middle East & Africa Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Application, 2021-2034
10.5.2. Middle East & Africa Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Source, 2021-2034
10.5.3. Middle East & Africa Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Propulsion Type, 2021-2034
10.5.4. Middle East & Africa Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Deployment of Charger, 2021-2034
10.5.5. Middle East & Africa Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by Charging Type, 2021-2034
10.5.6. Middle East & Africa Bidirectional Electric Vehicle Charger Market Revenue (US$ Million) & Volume (Thousand Units) Estimates and Forecasts by country, 2021-2034
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Wallbox Chargers, SL.
11.2.2. Indra Renewable Technologies Limited
11.2.3. Delta Electronics, Inc.
11.2.4. Fermata Energy
11.2.5. Power Research Electronics BV.
11.2.6. Hyundai Mobis Co. Ltd.
11.2.7. ABB
11.2.8. Blink Charging Co.
11.2.9. Siemens AG
11.2.10. Denso Corporation
11.2.11. Hitachi Automotive Systems, Ltd.
11.2.12. Toyota Industries Corporation
11.2.13. MAGNUM CAP
11.2.14. Enphase Energy, Inc.
11.2.15. Autel Energy
11.2.16. The Mobility House GmbH
11.2.17. EVBox
11.2.18. Other Prominent Players
Bidirectional Electric Vehicle Charger Market By Application-
Bidirectional Electric Vehicle Charger Market By Source-
Bidirectional Electric Vehicle Charger Market By Propulsion Type-
Bidirectional Electric Vehicle Charger Market By Deployment of Charger-
Bidirectional Electric Vehicle Charger Market By Charging Type-
Bidirectional Electric Vehicle Charger Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
