Vehicle-to-Building (V2B) Power Electronics Market Report 2026

The vehicle-to-building (v2b) power electronics market size has grown exponentially in recent years. It will grow from $1.54 billion in 2025 to $1.96 billion in 2026 at a compound annual growth rate (CAGR) of 27.5%. The growth in the historic period can be attributed to early ev adoption, growing building electrification, rising renewable energy installations, initial smart grid implementations, regulatory incentives for energy efficiency.

The vehicle-to-building (v2b) power electronics market size is expected to see exponential growth in the next few years. It will grow to $5.15 billion in 2030 at a compound annual growth rate (CAGR) of 27.3%. The growth in the forecast period can be attributed to increasing v2b adoption, expansion of smart grid infrastructure, rising energy cost optimization, advances in bidirectional converters, integration with building energy management systems. Major trends in the forecast period include vehicle-to-building (v2b) integration, bidirectional energy flow management, smart energy storage solutions, grid-interactive electric vehicles, advanced power electronics safety features.

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.

Leading companies operating in the vehicle-to-building power electronics market are adopting strategic partnerships to enhance technology integration and broaden their market reach. A strategic partnership refers to a collaborative relationship between two or more organizations in which they combine their resources, expertise, and efforts to achieve shared goals or objectives. In November 2023, Wallbox, a Spain-based provider of electric vehicle (EV) charging and energy management solutions, partnered with Bidirectional Energy to deploy V2X chargers across California under the California Energy Commission (CEC) REDWDS grant. Through this partnership, Wallbox and Bidirectional Energy aim to combine their advanced technologies, integrating Wallbox’s second-generation DC bidirectional charger, Quasar 2, with Bidirectional Energy’s EV charger management platform to offer EV owners and building operators a comprehensive solution that enables bidirectional energy flow, cost savings, and enhanced grid resilience. Bidirectional Energy is a US-based company specializing in software that manages vehicle-to-everything (V2X) energy flows, enabling EVs to supply power back to buildings or the grid.

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 companies operating 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., 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.

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.

Tariffs have impacted the vehicle-to-building power electronics market by increasing the cost of imported converters, inverters, and power management systems, affecting both production and deployment. The most affected segments include converters and inverters, particularly in regions like North America and Europe that rely on imported components. While tariffs have raised costs, they have also encouraged local manufacturing, innovation in cost-efficient solutions, and regional supply chain diversification, providing potential long-term benefits to the market.

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.Asia-Pacific was the largest region in the vehicle-to-building (V2B) power electronics market in 2025. The regions covered in the vehicle-to-building (v2b) power electronics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the vehicle-to-building (v2b) power electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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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