Global Bidirectional Home EV Charger Market 2024-2030

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    BIDIRECTIONAL HOME EV CHARGER MARKET

     

    KEY FINDINGS

    • Vehicle-to-grid (V2G) support: Bidirectional EV chargers can enable V2G, which is the process of using EV batteries to provide power to the grid. V2G can help to balance the grid and reduce reliance on fossil fuels 
    • December 2022, Fermata Energy launched the FE-15, a 15kW bidirectional EV charger that is compatible with a variety of EV models. 
    • January 2023, the US Department of Energy (DOE) announced $38 million in funding for projects to develop and deploy bidirectional EV charging technologies 
    • A study by the Electric Power Research Institute (EPRI) found that V2G could save consumers an average of $300 per year on their electricity bills. 
    • A study by the California Energy Commission found that V2G could help to reduce the risk of blackouts by up to 20%. 
    • Bidirectional EV chargers can help to provide grid flexibility by allowing EV owners to charge their vehicles during off-peak hours and discharge their vehicles to the grid during peak hours 

     

    BIDIRECTIONAL HOME EV CHARGER MARKET – INTRODUCTION

    Hybrid cars are fast changing, and EV charging technology is following suit. EVs now have bilateral (two-way) recharging capabilities and would be used to operate a house, feed power back into the grid, and even offer backup generators in the case of a breakdown or disaster.

     

    Because an EV is essentially a huge battery on vehicles, bilateral connections can let a car store inexpensive off-peak electrical or renewable panels, lowering domestic electricity expenses. Electric vehicles are becoming more popular, and utilities are gearing up for a future in which their use extends far beyond mobility.

     

    As more EVs hit the road, concerns about how utilities will manage their charging needs are mounting.

     

    Whereas unidirectional (one-way) EV charges allow power to flow from the network through into electric car, omnidirectional (two-way) EV adapters allow electricity to flow both ways. Whenever an EV is recharged, charging, and discharging (AC) power from the grid is used. Such transformation is performed by both the vehicle’s converter and a converter housed inside the chargers.

     

    When it comes time to use the energy that is stored inside the EV’s batteries for a residence or send it power to the grid, that DC power used throughout the automobile must therefore be transformed back into Ac power supply.

     

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    Though there aren’t too many bidirectional EV chargers in that economy today now, they all include inbuilt adapters. This indicates they are capable of handling the electromagnetic transformation between DC to AC. They can even manage how much power is provided to and taken from the batteries. Bidirectional chargers can be used for two distinct purposes. And perhaps the most discussed is vehicle-to-grid, or V2G, which is meant to transmit or export electricity to the grid.

     

    A EV battery that can both charge and discharge to accept and deliver energy is known as bidirectional charging. Automakers are looking into bidirectional technology as public demand for EVs grows.

     

    BIDIRECTIONAL HOME EV CHARGER MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Wall box launches bidirectional home EV charger with blackout backup At Consumer Electronics Show (CES) 2022 in Las Vegas, Wall box announced a new model of bidirectional EV charging: the Quasar 2. In addition to charging their EVs, homeowners with a Quasar 2 can discharge power from their vehicle to their home, or to the grid. Global Scale This would enhance better Technologies and production

     

    BIDIRECTIONAL HOME EV CHARGER MARKET DYNAMICS

    Sr. No. Timeline Company Updates
    1 October 2021 Wallbox Chargers and Nuvve Holding Corp. announced Wallbox Chargers and Nuvve Holding Corp. announced a first of its kind vehicle-to-grid (V2G) partnership in Iberia designed to reduce mounting pressure on the grid and offer users significant financial incentives. The partnership will incorporate Wallbox’s pioneering hardware, Quasar, the world’s first DC bidirectional home charger, into Nuvve’s patented V2G software technology, GIVe.
    2 August 2021 SunPower Corp. & Wallbox SunPower Corp. teamed up with Wallbox to make the switch to an electric lifestyle more convenient, affordable, and sustainable. Through the strategic alliance, new SunPower customers can opt to install a Wallbox home EV charger at the same time as their solar and/or storage system installation
    3 July 2021 Skycharger & JuiceBar. Skycharger announced a new partnership with JuiceBar. Together, JuiceBar and SKYCHARGER will expand the EV charging infrastructure while eliminating the challenges that many businesses may face by hosting EV charging stations.
    4 September 2020 Wallbox & Octopus EV Wallbox partnered with Octopus Electric Vehicles to start delivery of Quasar, the world’s lightest and smallest bidirectional charger for home, across the UK.
    5 July 2020 Audi & Hager Group Audi and the Hager Group joined hands and developed bidirectional charging, a research and solution approach that creates financial incentives and offers greater security of supply.

     

    Electric vehicle (EV) adapters have been used to recharge electric vehicles that include batteries as well as an electricity connection that assists in recharging batteries. Rechargeability of these kinds of automobiles may be accomplished through several charging stages, including level 1, level 2, and level 3. Rechargeable automobiles are less expensive to buy and maintain than traditional gasoline/diesel vehicles. Hybrid cars lessen the hazardous gas emissions that are put into the atmosphere.

     

    Important considerations influencing the development of the electrical vehicles charger industry include regulatory requirements aimed at reducing harmful emissions, an improvement in the market penetration of electric vehicles, and a rise in government proposals aimed at developing electric vehicle charging networks.

     

    Furthermore, there is a scarcity of EV charging facilities, as well as a lack of standards. The increase in consumption for premium and feature-enhanced automobiles, as well as wireless charging for electric vehicles, have all had a significant influence on the industry.

     

    Every one of these reasons is expected to have a significant influence on the economy for electric car chargers. A propulsion system is used to make energy in a traditional gas-powered vehicle.

     

    In an ideal world, the burning system essentially annihilates the amounts of fuel just carbon dioxide and water as waste; nevertheless, the combustible mechanism produces a variety of greenhouse gas emissions, associated with environmental degradation. An electric car, on the other hand, is powered by a constant flow of electricity and hence somehow doesn’t emit any emissions.

     

    BIDIRECTIONAL HOME EV CHARGER MARKET SEGMENTATION

     

    Bidirectional Home EV Charger Market By Geography

    1. U.S.
    2. Europe
    3. China
    4. Asia Ex China
    5. ROW

     

    Bidirectional Home EV Charger Market By Ev Type

    1. BEV
    2. PHEV

     

    Bidirectional Home EV Charger Market By Power

    1. <10 kW
    2. 10kW – 20kW
    3. >20 kW

     

    Bidirectional Home EV Charger Market By Vehicle Type

    1. Passenger vehicle
    2. Commercial vehicle

     

    Bidirectional Home EV Charger Market By Support

    1. V2G: Vehicle to Grid
    2. V2H: Vehicle to Home
    3. Others

     

    BIDIRECTIONAL HOME EV CHARGER MARKET RECENT TECHNOLOGICAL TRENDS

    Sr. No. Timeline Company Updates
    1 January 2022 Wallbox Wallbox announced the introduction of Quasar 2, the latest generation of its bidirectional home charger designed specifically for the North American market. As well as enabling EV owners to charge and discharge their electric vehicle to power their home or the grid, Wallbox’s latest innovation is designed to give EV drivers the ability to isolate their home from the grid and use their EV for backup power during a blackout.
    2 January 2022 JuiceBar JuiceBar entered the home charging market with the release of a 48-amp charger that it calls the “Cheetah.”
    3 September 2021 Sono Motors Sono Motors launched the first bidirectional AC wallbox on the market to fulfil the Community’s desire for an affordable wall charging station, suitable for home charging, vehicle-to-grid (V2G) and vehicle-to-home (V2H).

     

    Despite regular Charging stations that are using AC ability to charge an EV, bidirectional power supplies or dischargers utilize DC power and can only be used if indeed the car seems to have a CHAdeMO (DC) charging connection and can support two-way recharging.

     

    Bi – directional charging used this to supply a house with V2H technologies additionally necessitating the installation of an energy transfer meter there at the electrical network point of connection.

     

    This CT metre, like intelligent Charging stations, measures environmental factors into and out of the network. When the sensor recognizes that the residence is using electricity from the grid, it instructs the bidirectional EV charger to begin draining an equivalent amount, thereby balancing any power used from the grid.

     

    Similarly, if the sensor recognizes electricity being transferred from a roofing solar array. This is diverted to charge the EV. Vehicle-to-grid refers to the practice of exporting a small amount of EV energy storage towards the electrical grid when demand is high in exchange for an incentive or lower power rates, regarding the service arrangement.

     

    A bidirectional DC charger and a compatible EV are expected to participate in V2G programmes. Vehicle-to-house, or V2H, is comparable to V2G, except the energy has been used locally to power a home rather than just being supplied into the electricity network.

     

    This allows the EV to work similarly to a standard residential battery system, therefore increasing self-sufficiency, particularly when paired with rooftop solar. V2H requires a suitable charger as well as supplementary energy measuring equipment to function.

     

    BIDIRECTIONAL HOME EV CHARGER MARKET SIZE AND FORECAST

    The Global Bidirectional Home EV Charger Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    BIDIRECTIONAL HOME EV CHARGER MARKET NEW PRODUCT LAUNCH

    The Quasar 2 is a new bidirectional EV charging model from Wallbox. Homeowners using a Quasar 2 can discharge power from their vehicle to their home or the grid in addition to charging their EVs.

     

    A Nissan LEAF linked to a 25 kW bidirectional charger might drastically reduce demand costs for some commercial clients.

     

    BIDIRECTIONAL HOME EV CHARGER MARKET COMPETITIVE LANDSCAPE

    Sr. No. Timeline Company Sales
    1 Q4-2021 (Ended September, 2021) Siemens AG In the three months to the end of September, Siemens’ sales rose 18% to 17.44 billion euros ($20.17 billion). Adjusted operating profit from its industrial business fell 14% to 2.27 billion euros ($ 2.57 B) while net income declined 29% to 1.33 billion euros ($ 1.50 B).
    2 Q3-2021 Schneider Electric Schneider Electric recorded Q3 Group revenues of €7.2 billion, up +8.8% organic and up +11.8% on a reported basis, with growth in both businesses and across all regions

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    3 Q3-2021 Wallbox Wallbox reported third quarter revenue of $22 million, up nearly 250% year-over-year driven by its accelerated growth in some of the world’s largest EV markets, such as Germany and the UK, and successful entry into new markets like the U.S.
    4 H1-2021 Nichicon Corporation Nichicon Corporation recorded net sales of ¥ 65,075 million ($ 560M), a 21.4% increase from net sales of ¥ 53,600 million ($ 461M) which was recorded last year in the same quarter.

     

    Its transport industry in Japan has indeed been expanding as demand for emission-free automobiles has increased, and the administration has indeed been investing extensively in this industry.

     

    The Japanese government intends to convert all new automobiles sold in Japan to electric or hybrid electric vehicles. Internationally, Asia-Pacific leads the market for electric car charging stations, followed by Europe.

     

    China accounted for electric automobiles and buses in Asia-Pacific. Furthermore, the Government of India is establishing businesses to encourage the sale and usage of electric cars. All of these reasons are expected to propel the electric car charger market forward.

     

    Wall box has been part of the latest requirements of home based residential bidirectional home charging systems in the global market of operations. The gadget, which adds a new feature to its control condition, could separate the residence during grid outages by pulling backup power from the car’s battery. According to Wall box, depending on the required capacity and energy use habits, the gadget can run a home for more than three days.

     

    The equipment is geared for Major Markets and therefore can deliver 11.5 kW / 48 A in both channels, up from 7.4 kW / 32 A in the Quasar 1. For management, it can connect to the myWallbox app through Wi-Fi, Bluetooth, Ethernet, or 4G. The chargers can help you save money by utilising intelligent energy regulation. In areas wherein energy costs are connected to demand, residents could recharge throughout low-rate hours and discharge from the automobile to power the residence.

     

    ABB Limited has been one of the largest deployers in the current market of electric vehicle based home bidirectional chargers focused on better optimized performance. The Terra AC wall box is the greatest bargain in the industry for home charging. With such an expensive alternative, it offers the high quality anticipated from the world leader in recharging.

     

    The Terra AC wall box is designed with connection and intelligent capabilities to evolve and offer the most optimum charge currently and that in the ahead. Convenient home recharging that blends in smoothly with daily life. Independent, third-party stability analysis organizations analyzed and evaluated the wall charger, as well as ABB’s whole EV recharging product offering, to the highest safety requirements.

     

    It includes a built-in energy meter that is configured for external power meter connectivity enabling different loading control. The terra is positioned as part of a ready-to-integrate sophisticated intelligent buildings energy economy.

     

    BIDIRECTIONAL HOME EV CHARGER MARKET COMPANY PROFILES

    1. Wallbox
    2. JuiceBar
    3. NEC Corporation
    4. ABB
    5. Tritium Pty Ltd
    6. Circontrol
    7. DBT
    8. Signet EV
    9. Schneider Electric
    10. Siemens AG
    11. Efacec Electric Mobility
    12. GS Yuasa Corporation
    13. Nichicon Corporation
    14. Tesla Motors, Inc.
    15. AeroVironment Inc
    16. Chargemaster Plc
    17. Chroma Ate Inc
    18. Delphi Technologies
    19. Pod Point Ltd
    20. Robert Bosch Gmbh
    21. Schaffner Holding Ag. (Evatran Group)
    22. Silicon Laboratories, Inc
    23. Blink Charging Co.
    24. Groupe Renault
    25. Phihong USA Corp.
    26. EV Safe Charge Inc.
    27. Tata Power

     

    BIDIRECTIONAL HOME EV CHARGER MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Bidirectional Home EV Chargers are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Bidirectional Home EV Charger and key vendor selection criteria
    3. Where is the Bidirectional Home EV Charger manufactured? What is the average margin per unit?
    4. Market share of Global Bidirectional Home EV Charger market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Bidirectional Home EV Charger in-house
    6. key predictions for next 5 years in Global Bidirectional Home EV Charger market
    7. Average B-2-B Bidirectional Home EV Charger market price in all segments
    8. Latest trends in Bidirectional Home EV Charger market, by every market segment
    9. The market size (both volume and value) of the Bidirectional Home EV Charger market in 2023-2030 and every year in between?
    10. Production breakup of Bidirectional Home EV Charger market, by suppliers and their OEM relationship
    Sl. No Topic
    1 Market Segmentation
    2 Research Methodology
    3 Executive Summary
    4 5 Key predictions for  Bi-direction EV Charger Market
    5 Gross Margin On Bi-direction Charger EV And Breakup By Sub Components
    6 Platforms of top OEMs and Bi-direction EV Charger suppliers for each platform
    7 OEM`s Stance on Evs and impact on Bi-direction EV charger market
    8 EV product plan of OEMs -2024-2030 and expected Bi-direction EV Charger volumes 
    9 Key Criteria for Bi-direction EV Charger Selection by OEMs
    10 Avg B2B price of Bi-direction EV Chargers by Region
    11 B2B Price of Bi-direction EV Charger, By Power Level
    12 Latest Innovation/New Product Launch In Bi-direction EV Charger Market 
    13 Rise of 800 V architecture and Impact on Bi-direction EV Charger Market
    14 Effect of global DC Fast Charging market on Bi-direction EV Charger Market
    15 Growing popularity of Integrated Power Electronics
    16 About Internal bus voltage
    17 Output Voltage rating Market trends
    18 Market Size, Dynamics And Forecast By Geography, 2024-2030
    19 Market Size, Dynamics And Forecast By Electric Vehicle Type, 2024-2030
    20 Market Size, Dynamics And Forecast By Power, 2024-2030
    21 Market Size, Dynamics And Forecast By Vehicle type, 2024-2030
    22 Market Size, Dynamics And Forecast By Support, 2024-2030
    23 Competitive Landscape of EV On Board Charger Market
    24 Market share of major vendors of Bi-direction EV Charger Market - 2023
    25 Recent M&A in the industry
    26 Growth strategy of major suppliers
    27 Company Profiles
    28 Unmet needs and Market Opportunity for suppliers
    29 Conclusion
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