Vehicle-to-Building (V2B) Power Electronics Global Market Report 2025

The vehicle-to-building (V2B) power electronics market size has grown exponentially in recent years. It will grow from $1.2 billion in 2024 to $1.54 billion in 2025 at a compound annual growth rate (CAGR) of 27.6%. The growth during the historic period is linked to the rising use of electric vehicles as a power source, increasing demand for smart building energy management systems, greater focus on integrating renewable energy in buildings, heightened interest in reducing peak electricity demand, and stronger emphasis on grid stability and load balancing.

The vehicle-to-building (V2B) power electronics market size is expected to see exponential growth in the next few years. It will grow to $4.05 billion in 2029 at a compound annual growth rate (CAGR) of 27.4%. The growth expected in the forecast period is driven by rising investment in smart grids and digital infrastructure, the shift toward decentralized energy systems, increasing urbanization leading to higher building energy demands, growing adoption of energy storage solutions in buildings, and rising electricity costs encouraging energy efficiency. Key trends in the forecast period include the development of energy storage integration models, advancement of cybersecurity solutions for power electronics, use of artificial intelligence in energy forecasting, innovation in wide-bandgap semiconductors, and the emergence of wireless vehicle-to-building power transfer.

The rising adoption of electric vehicles is expected to drive growth in the vehicle-to-building power electronics market. Electric vehicles are powered entirely or partially by electricity stored in rechargeable batteries rather than relying solely on internal combustion engines. Their growing popularity is driven by environmental concerns, as they produce lower greenhouse gas emissions and help reduce air pollution compared to conventional vehicles. Vehicle-to-building power electronics allow electric vehicles to transfer stored energy back to buildings, improving grid stability, lowering energy costs, and increasing the overall value of owning an electric vehicle. For example, in January 2025, Cox Automotive, a US-based system software company, reported that electric vehicle sales in 2023 were revised upward to 1,212,758 units, a 49% increase from 2022, and continued to rise in 2024 by 7.3%, reaching 1,301,411 units. Consequently, the growing adoption of electric vehicles is propelling the vehicle-to-building power electronics market.

Major companies in the vehicle-to-building power electronics market are focusing on developing advanced solutions, including power inverters, to optimize energy transfer between electric vehicles and buildings. Advanced power inverters convert the direct current stored in electric vehicles into alternating current to power building systems or supply electricity to the grid. For instance, in October 2022, Fermata LLC, a US-based technology company, introduced FE-20, a V2X bidirectional charger that supports both vehicle-to-building and vehicle-to-grid applications. The FE-20 delivers 20 kilowatts for charging and discharging, allowing electric vehicles to provide energy to buildings or the grid. UL-certified and designed for commercial fleet operations, the FE-20 works with Fermata’s intelligent V2X software platform, enabling fleets to manage energy usage efficiently, reduce costs, and generate revenue by strategically controlling power flow according to utility rates and demand.

In March 2023, ERM Group, a UK-based consulting and advisory firm, partnered with Wallbox to promote the commercialization of vehicle-to-building technology. The partnership focuses on demonstrating practical applications, evaluating business models, and enabling buildings to use electric vehicle batteries for energy storage and grid flexibility. Wallbox N.V., based in Spain, provides vehicle-to-building power electronics solutions.

Major players in the vehicle-to-building (V2B) power electronics market are Volkswagen Aktiengesellschaft, Mercedes-Benz Aktiengesellschaft, Bayerische Motoren Werke Aktiengesellschaft, Honda Motor Company Limited., Hyundai Motor Company, Build Your Dreams Company Limited., Eaton Corporation plc, Delta Electronics Incorporated, Schneider Electric SE, Enphase Energy Inc., Tsubakimoto Chain Company, Shenzhen StarCharge Co. Ltd., JET Charge Proprietary Limited., Emporia Energy Inc., Transphorm Inc., Pulsetrain Gesellschaft mit beschränkter Haftung, Infypower Technologies Pvt. Ltd., Nuvve Holding Corp., Wallbox NV, Fuse Power Management Inc.

Asia-Pacific was the largest region in the vehicle-to-building (V2B) power electronics market in 2024. The regions covered in vehicle-to-building (V2B) power electronics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

The vehicle-to-building (V2B) power electronics market research report is one of a series of new reports that provides vehicle-to-building (V2B) power electronics market statistics, including vehicle-to-building (V2B) power electronics industry global market size, regional shares, competitors with a vehicle-to-building (V2B) power electronics market share, detailed vehicle-to-building (V2B) power electronics market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle-to-building (V2B) power electronics industry. This vehicle-to-building (V2B) power electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Vehicle-to-building (V2B) power electronics is a technology that allows electric vehicles to deliver stored energy from their batteries back to a building’s electrical system. It controls the bidirectional flow of electricity, ensuring safe, efficient, and stable transfer of power between the vehicle and the building.

The primary components of vehicle-to-building power electronics include converters, inverters, controllers, power management systems, and additional parts. Converters enable electric vehicles to supply stored battery energy to a building by efficiently transforming direct current from the vehicle into alternating current suitable for building use. These systems are used with various vehicle types, including electric vehicles, plug-in hybrid vehicles, and fuel cell vehicles. They come in different power ratings such as low power, medium power, and high power, and are implemented in commercial buildings, residential buildings, industrial buildings, and other settings. They serve a diverse range of end users, including building owners, fleet operators, utilities, and additional users.

The countries covered in the vehicle-to-building (V2B) power electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The vehicle-to-building (V2B) power electronics market consists of sales of microgrid controllers, energy management systems, smart meters and communication interfaces, battery management systems, and advanced power distribution units. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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