Electricity Demand Fuels Growth In Building-To-Grid Technology Market Emerges as a Core Driver of the Building-To-Grid Technology Market in 2025

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What Is the Expected CAGR for the Building-To-Grid Technology Market Through 2025?
The market size for building-to-grid technology has seen a rapid expansion in recent years. Expectations are that it will rise from $57.34 billion in 2024 to hit $63.57 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.9%. Factors contributing to the growth observed in the historic period include an upswing in energy demand, an increase in renewable energy usage, mounting reliability issues in the grid, growing urbanization, and elevated goals for energy independence.

What's the Projected Size of the Global Building-To-Grid Technology Market by 2029?
The market for building-to-grid technology is poised for rapid expansion in the coming years, with projections suggesting a growth to $95.23 billion in 2029, representing a compound annual growth rate (CAGR) of 10.6%. Factors contributing to this anticipated growth in the forecast period include advancements in energy storage, the expansion of smart grid initiatives, enhanced focus on climate change measures, increasing energy efficiency in buildings, and growing adoption of electric vehicles. Key trends for the forecast period encompass the burgeoning development of building-integrated photovoltaics, increased incorporation of renewable energy within buildings, the continued evolution of smart building technologies, the rise of vehicle-to-grid (V2G) applications, and heightened focus on energy resilience and reliability.

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Top Growth Drivers in the Building-To-Grid Technology Industry: What's Accelerating the Market?
As electricity demand escalates, it's predicted that the building-to-grid technology market will experience significant growth. This demand surge can be attributed to heightened urbanization, technological advancements, and the prevalent use of electrical appliances and renewable energy systems. Building-to-grid technology efficiently manages electricity consumption by enabling buildings to redirect their surplus energy back into the grid while also adjusting to changes in grid demand. For instance, the Department for Energy Security and Net Zero, a governmental department based in the UK, reported that electricity demand in the first quarter of 2024 saw a 1.2% increase from the same duration the previous year, hitting 86 terawatt-hours (TWh). Consequently, the upswing in electricity consumption is a major contributor to the expansion of the building-to-grid technology market.

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What Trends Will Shape the Building-To-Grid Technology Market Through 2029 and Beyond?
Major firms in the building-to-grid technology market strive to innovate advanced analytical solutions aimed at amplifying energy efficiency and improving grid interaction. More explicitly, advanced analytics refer to the application of intricate data examination instruments for enhancing energy administration and interaction between buildings and grids. Case in point, in April 2022, CPower, an electricity utility corporation based in the US, introduced the Building Management System as a Service (BMS-aaS) in New York City to cultivate efficient, grid-interactive buildings. This modern solution provides commercial property owners and managers a smart building management system at zero initial cost, enabling them to fine-tune energy utilization, reduce carbon emissions, and provide the grid with demand flexibility. This BMS-aaS fosters dynamic interaction between buildings and the grid and improves demand response and energy management.

What Are the Main Segments in the Building-To-Grid Technology Market?
The building-to-grid technologymarket covered in this report is segmented -

1) By Technology: Smart Sensing, Smart Metering, Control Technology, Energy Storage, Other Technologies
2) By Component: Hardware, Software
3) By End-Use: Commercial, Residential, Industrial

Subsegments:
1) By Smart Sensing: Environmental Sensors, Energy Usage Sensors, Occupancy Sensors
2) By Smart Metering: Advanced Metering Infrastructure (AMI), Smart Energy Meters, Two-Way Communication Meters
3) By Control Technology: Building Energy Management Systems (BEMS), Demand Response Systems, Automated Control Systems
4) By Energy Storage: Battery Energy Storage Systems (BESS), Thermal Energy Storage, Pumped Hydro Storage
5) By Other Technologies: Distributed Energy Resources (DER), Microgrid Technologies, Vehicle-to-Grid (V2G) Technologies

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Which Top Companies are Driving Growth in the Building-To-Grid Technology Market?
Major companies operating in the building-to-grid technology market are Hitachi Ltd., Siemens AG, General Electric Company, International Business Machines Corporation (IBM), Cisco Systems Inc., EnBW Energie Baden-Württemberg AG, RWE AG, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation plc, Parker Hannifin Corp, Emerson Electric Co., Sunrun Inc., WAGO Kontakttechnik GmbH & Co. KG, Schweitzer Engineering Laboratories Inc., Itron Inc., Landis+Gyr AG, Bloom Energy, Ingeteam S.A., S&C Electric Company, Sunnova Energy International Inc., Stem Inc., Doosan GridTech Inc., Smarter Grid Solutions Inc., AlphaStruxure, Sunverge Energy Inc.

Which Regions Will Dominate the Building-To-Grid Technology Market Through 2029?
Europe was the largest region in the building-to-grid technology market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the building-to-grid technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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