PUBLISHER: The Business Research Company | PRODUCT CODE: 1873136
PUBLISHER: The Business Research Company | PRODUCT CODE: 1873136
Vehicle-to-building (V2B) power refers to the technology that enables electric vehicles to supply electricity to buildings. It allows bidirectional energy flow, where the stored power in a vehicle's battery can be used to support building operations during peak demand periods or power outages. This system improves energy efficiency and grid stability while reducing dependence on external power sources. V2B power also supports sustainable energy management by integrating renewable energy with electric mobility.
The primary components of vehicle-to-building power include hardware, software, and services. Hardware in EV-building energy systems consists of the physical equipment that facilitates safe and efficient electricity transfer between vehicles and buildings. These systems utilize technologies such as bidirectional and unidirectional charging and draw power from sources including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles. They are applied in a variety of settings, including commercial buildings, residential buildings, industrial facilities, and others.
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 escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the utilities sector, particularly in power generation, grid infrastructure, and renewable energy projects. Higher duties on imported equipment such as turbines, transformers, solar panels, and battery storage systems have increased capital and operational costs for utility providers, forcing them to reconsider project timelines or pass on expenses to consumers through higher energy rates. The water and waste management segments are also affected, with tariffs driving up the cost of essential machinery, piping, and treatment technologies. Additionally, retaliatory tariffs have disrupted global supply chains for critical raw materials like rare earth metals used in clean energy technologies, further complicating the transition to sustainable energy sources. The sector must now prioritize domestic sourcing, digitalization, and efficiency-driven innovations to manage escalating costs while ensuring energy security and regulatory compliance.
The vehicle-to-building power market research report is one of a series of new reports from The Business Research Company that provides vehicle-to-building power market statistics, including vehicle-to-building power industry global market size, regional shares, competitors with the vehicle-to-building power market share, vehicle-to-building power market segments, market trends, and opportunities, and any further data you may need to thrive in the vehicle-to-building power industry. This vehicle-to-building power 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.
The vehicle-to-building power market size has grown exponentially in recent years. It will grow from $1.14 billion in 2024 to $1.40 billion in 2025 at a compound annual growth rate (CAGR) of 22.6%. The growth during the historic period can be attributed to increasing demand for energy-efficient building solutions, expanding public-private collaborations in clean energy, rising need for backup power solutions, growing focus on peak load reduction strategies, and greater use of electric fleets in commercial and industrial sectors.
The vehicle-to-building power market size is expected to see exponential growth in the next few years. It will grow to $3.12 billion in 2029 at a compound annual growth rate (CAGR) of 22.3%. The growth during the forecast period can be attributed to increased deployment of energy storage systems, rising development of smart grids, greater adoption of energy management solutions, growing demand for decentralized energy systems, and expanding initiatives to enhance grid stability and reliability. Key trends in the forecast period include advancements in grid stabilization technologies, improved load forecasting models, innovations in dynamic pricing strategies, progress in residential energy sharing programs, and enhanced vehicle battery utilization strategies.
The growing adoption of electric vehicles is expected to drive the growth of the vehicle-to-building power market going forward. Electric vehicles (EVs) are vehicles powered wholly or partially by electricity instead of conventional gasoline or diesel fuel. Their adoption is increasing due to advancements in battery technology that allow longer driving ranges, faster charging, and reduced costs, making EVs more practical and appealing to consumers. Vehicle-to-building power enables EVs not only to draw energy from the grid for charging but also to supply electricity back to buildings during peak demand periods, improving energy efficiency, lowering costs, and supporting a more resilient and sustainable energy system. For example, in February 2024, according to the U.S. Department of Energy, a comparison of monthly EV sales over the past three years showed significant year-over-year growth for each month. Peak monthly sales rose from about 50,000 vehicles in 2021 to around 80,000 in 2022 and exceeded 100,000 in 2023. Therefore, the rising penetration of electric vehicles is driving the growth of the vehicle-to-building power market.
Key players in the vehicle-to-building power market are focusing on innovations such as integration with renewable energy systems to enhance energy efficiency and reduce peak demand costs. This integration involves connecting solar or wind power sources with V2B systems to increase the use of clean energy, reduce grid dependence, lower energy costs, and promote sustainable, low-carbon energy consumption. For instance, in May 2024, Fermata Energy LLC, a US-based EV charging provider, partnered with Xcel Energy Inc., a US-based electric services company, to launch a vehicle-to-building (V2B) pilot in Boulder, Colorado. The project transforms parked EVs into mobile power units that can supply energy back to buildings, helping offset peak demand, reduce electricity costs, and strengthen grid resilience, while supporting underserved communities and demonstrating the potential for V2B integration with renewable energy. The pilot uses Fermata Energy's intelligent bidirectional charging platform, paired with FE-20 chargers and Colorado CarShare's Nissan LEAFs, to showcase how EVs can serve as distributed energy resources.
In January 2024, Siemens AG, a Germany-based technology company, acquired Heliox B.V. for an undisclosed sum. This acquisition enables Siemens AG to strengthen and expand its eMobility business by enhancing fast-charging solutions for eBus and eTruck fleets, broadening its digital and software capabilities, and accelerating growth in the expanding EV charging infrastructure market. Heliox B.V., based in the Netherlands, specializes in providing vehicle-to-building power services.
Major players in the vehicle-to-building power market are Volkswagen AG, Toyota Motor Corporation, Ford Motor Company, General Motors Company, BMW AG, Mercedes-Benz Group AG, Honda Motor Co. Ltd., Hyundai Motor Company, Nissan Motor Co. Ltd., BYD Company Limited, Kia Corporation, Hitachi Ltd., Renault S.A.S., Denso Corporation, Eaton Corporation plc, Mitsubishi Motors Corporation, Audi AG, ABB India Limited, Lucid Group Inc., and Enel X S.r.l.
North America was the largest region in the vehicle-to-building power market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in vehicle-to-building power report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the vehicle-to-building power market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The vehicle-to-building power market consists of revenues earned by entities by providing services such as energy storage services, demand response services, fleet-to-building services, backup power supply services, and energy cost optimization services. The market value includes the value of related goods sold by the service provider or included within the service offering. The vehicle-to-building power market also includes sales of vehicle smart link devices, connected energy management modules, aggregators, grid-integrated vehicle platforms, and bidirectional-capable electric vehicles. 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.
Vehicle-To-Building Power Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on vehicle-to-building power market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for vehicle-to-building power ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The vehicle-to-building power market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.