What Is The Leading Driver Behind The Increasing Adoption Of Electric Vehicles Driving The Growth Of The Market Due To Rising Environmental Concerns Market Expansion in 2025

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What Will the Vehicle-To-Building (V2B) Power Electronics Industry Market Size Be by 2025?_x000D_
The market size of vehicle-to-building (V2B) power electronics has seen a rampant expansion in the last few years. It is anticipated to escalate from $1.20 billion in 2024 to $1.54 billion in 2025, with a compound annual growth rate (CAGR) of 27.6%. The dramatic growth in the historic period is attributed to factors such as the growing use of electric vehicles as a power source, increased demand for energy management systems in smart buildings, heightened focus on including renewable energy in structures, increased attention on diminishing peak electricity demand, coupled with a growing emphasis on maintaining grid stability and load balancing._x000D_
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What's the Long-Term Growth Forecast for the Vehicle-To-Building (V2B) Power Electronics Market Size Through 2029?_x000D_
In the coming years, the market size of the vehicle-to-building (V2B) power electronics sector is projected to witness a profound growth. The market is predicted to reach $4.05 billion in the year 2029, expanding at a compound annual growth rate (CAGR) of 27.4%. This anticipated growth during the forecasted period can be credited to the rising investments in smart grids and digital infrastructure, the progressive shift towards decentralized energy systems, escalating urbanization triggering greater energy needs for buildings, the increasing adoption of energy storage solutions within buildings and the growing electricity expenses stimulating interest in energy efficiency. Major trends to look out for during the projected period are the evolution of energy storage integration models, the development of cybersecurity solutions for power electronics, the incorporation of artificial intelligence in energy forecasting, advancements in wide-bandgap semiconductors, and wireless vehicle-to-building power transfer innovations._x000D_
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What Are the Key Growth Drivers Fueling the Vehicle-To-Building (V2B) Power Electronics Market Expansion?_x000D_
The vehicle-to-building power electronics market is set to flourish due to the rising adoption of electric vehicles (EVs). Unlike traditional vehicles that solely rely on internal combustion engines, EVs use rechargeable batteries for full or partial power. The shift towards electric vehicles is mainly because they emit fewer greenhouse gases and lessen air pollution, making them more eco-friendly compared to conventional vehicles. Vehicle-to-building power electronics present an opportunity for EVs to give back spare energy to buildings, improving grid stability, minimizing energy expenses, and adding value to EV ownership. For example, in January 2025, Cox Automotive, a system software company based in the United States, projected a significant uptick in EV sales in 2023, adjusting the forecast to 1,212,758 units, a 49% increase from 2022. This trend continued into 2024, with a 7.3% increase reaching 1,301,411 units. Therefore, the upsurge in electric vehicles uptake fuels the growth of the vehicle-to-building power electronics market._x000D_
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What Are the Key Trends Driving Vehicle-To-Building (V2B) Power Electronics Market Growth?_x000D_
Significant players in the vehicle-to-building (V2B) power electronics market are concentrating on creating novel solutions, like superior power inverters, to enhance energy transition between electric automobiles and structures. Superior power inverters serve to effectively turn the direct current (DC) stored in electric cars into alternating current (AC) which can power building systems or be fed back into the grid. To illustrate, Fermata LLC, an American tech company, in October 2022, introduced FE-20, a V2X bidirectional charger that supports both vehicle-to-building (V2B) and vehicle-to-grid (V2G) applications. Capable of delivering 20 kW of power for charging and discharging, this commercial-grade charger allows electric vehicles to return energy to buildings or the grid. This UL-certified charger, made for commercial fleet operations, incorporates Fermata's intelligent V2X software platform, empowering fleets to best utilize energy, cut expenses, and create revenue by strategically managing power flow based on utility rates and demand._x000D_
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How Is the Vehicle-To-Building (V2B) Power Electronics Market Segmented?_x000D_
The vehicle-to-building (V2B) power electronics market covered in this report is segmented as_x000D_
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1) By Component: Converters, Inverters, Controllers, Power Management Systems, Other Components_x000D_
2) By Vehicle Type: Electric Vehicles, Plug-in Hybrid Vehicles, Fuel Cell Vehicles_x000D_
3) By Power Rating: Low Power, Medium Power, High Power_x000D_
4) By Application: Commercial Buildings, Residential Buildings, Industrial Buildings, Other Applications_x000D_
5) By End-User: Building Owners, Fleet Operators, Utilities, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Converters: Direct Current To Alternating Current Converter, Alternating Current To Direct Current Converter, Bidirectional Converter_x000D_
2) By Inverters: String Inverter, Central Inverter, Modular Inverter, Hybrid Inverter_x000D_
3) By Controllers: Voltage Controller, Current Controller, Temperature Controller, Power Factor Controller_x000D_
4) By Power Management Systems: Energy Management System, Load Management System, Battery Management System, Demand Response System_x000D_
5) By Other Components: Transformers, Relays, Switches, Sensors, Capacitors_x000D_
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Which Companies Are Leading the Charge in Vehicle-To-Building (V2B) Power Electronics Market Innovation?_x000D_
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., 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. _x000D_
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Which Regions Are Leading the Global Vehicle-To-Building (V2B) Power Electronics Market in Revenue?_x000D_
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._x000D_
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