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Vehicle-To-Building (V2B) Power Electronics Market Value Analysis: What Growth Lies Ahead Over The Forecast Period?
The vehicle-to-building (v2b) power electronics market has experienced significant expansion in recent years. This market is forecasted to increase from $1.54 billion in 2025 to $1.96 billion in 2026, achieving a compound annual growth rate (CAGR) of 27.5%. The growth observed in previous periods is attributable to factors such as early EV adoption, increasing building electrification, a rise in renewable energy installations, initial smart grid implementations, and regulatory incentives promoting energy efficiency.
The vehicle-to-building (v2b) power electronics market is projected to experience substantial expansion in the coming years. This market is anticipated to reach $5.15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 27.3%. Several factors contribute to this growth during the forecast period, including the increased adoption of v2b technology, the expansion of smart grid infrastructure, efforts toward energy cost optimization, advancements in bidirectional converters, and better integration with building energy management systems. Key trends anticipated for this period encompass the integration of vehicle-to-building (v2b) systems, sophisticated bidirectional energy flow management, the development of smart energy storage solutions, the emergence of grid-interactive electric vehicles, and enhanced safety features in power electronics.
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Vehicle-To-Building (V2B) Power Electronics Market Growth Factors Behind Sustained Expansion
The expanding uptake of electric vehicles is projected to stimulate the future development of the vehicle-to-building power electronics market. Electric vehicles (EVs) are characterized as vehicles powered entirely or partially by electricity stored in rechargeable batteries, rather than relying solely on conventional internal combustion engines. This rising adoption of EVs is largely attributed to environmental concerns, as these vehicles produce fewer greenhouse gas emissions and reduce air pollution compared to their conventional counterparts. Vehicle-to-building power electronics enable EVs to transfer their stored energy back to buildings, which can significantly enhance grid stability, decrease energy costs, and elevate the overall value of owning an EV. For example, in January 2025, Cox Automotive, a US-based system software company, reported that electric vehicle (EV) sales for 2023 were revised upward to 1,212,758 units, showing a 49% increase from 2022, and continued to climb in 2024, growing by 7.3% to reach 1,301,411 units. Consequently, the increasing adoption of electric vehicles is a key driver for the growth of the vehicle-to-building power electronics market.
Vehicle-To-Building (V2B) Power Electronics Market Segmentation: How Does The Market Break Down By Category?
The vehicle-to-building (v2b) power electronics market covered in this report is segmented –
1) By Component: Converters, Inverters, Controllers, Power Management Systems, Other Components
2) By Vehicle Type: Electric Vehicles, Plug-in Hybrid Vehicles, Fuel Cell Vehicles
3) By Power Rating: Low Power, Medium Power, High Power
4) By Application: Commercial Buildings, Residential Buildings, Industrial Buildings, Other Applications
5) By End-User: Building Owners, Fleet Operators, Utilities, Other End-Users
Subsegments:
1) By Converters: Direct Current To Alternating Current Converter, Alternating Current To Direct Current Converter, Bidirectional Converter
2) By Inverters: String Inverter, Central Inverter, Modular Inverter, Hybrid Inverter
3) By Controllers: Voltage Controller, Current Controller, Temperature Controller, Power Factor Controller
4) By Power Management Systems: Energy Management System, Load Management System, Battery Management System, Demand Response System
5) By Other Components: Transformers, Relays, Switches, Sensors, Capacitors
Vehicle-To-Building (V2B) Power Electronics Market Industry Trends Fueling Future Revenue Growth
Leading companies active in the vehicle-to-building power electronics market are implementing a strategic partnership strategy to improve technology integration and expand their market presence. Such a partnership typically involves a collaborative relationship where two or more organizations unite their resources, expertise, and efforts to achieve common goals. For instance, in November 2023, Wallbox, a Spain-based provider of electric vehicle (EV) charging and energy management solutions, formed a partnership with Bidirectional Energy. This alliance is geared towards the deployment of V2X chargers across California, operating under the California Energy Commission (CEC) REDWDS grant. Through this collaboration, Wallbox and Bidirectional Energy intend to harness their distinct advanced technologies, integrating Wallbox’s second-generation DC bidirectional charger, Quasar 2, with Bidirectional Energy’s EV charger management platform. This combined solution aims to offer EV owners and building operators a holistic approach that enables bidirectional energy flow, delivers cost savings, and enhances grid resilience. Bidirectional Energy, a US-based company, specializes in software designed to manage vehicle-to-everything (V2X) energy flows, thereby allowing EVs to supply power back to buildings or the grid.
Vehicle-To-Building (V2B) Power Electronics Market Competitive Overview And Top Companies
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.
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Vehicle-To-Building (V2B) Power Electronics Market Geographic Spread And Regional Opportunities
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.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
