What are the latest figures on the building-to-grid technology market’s size and projected CAGR?
The building-to-grid technology market size has grown rapidly in recent years. It will grow from $57.34 billion in 2024 to $63.57 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing energy demand, rising renewable energy adoption, growing grid reliability issues, increasing urbanization trends, and growing energy independence goals.
The building-to-grid technology market size is expected to see rapid growth in the next few years. It will grow to $95.23 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to advancements in energy storage, rising smart grid development, increasing climate change initiatives, growing building energy efficiency, and rising electric vehicle adoption. Major trends in the forecast period include increasing development of building-integrated photovoltaics, rising integration of renewable energy sources in buildings, growing evolution of smart building technologies, increasing vehicle-to-grid (V2G) applications, and rising emphasis on energy resilience and reliability.
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Which Market drivers have played a significant role in driving the building-to-grid technology market?
The increasing electricity demand is expected to propel the growth of the building-to-grid technology market going forward. Electricity demand is growing due to increased urbanization, technological advancements, and the rising use of electric devices and renewable energy systems. Building-to-grid technology optimizes electricity use by allowing buildings to supply excess energy back to the grid and respond to grid demand fluctuations. For instance, in June 2024, according to the Department for Energy Security and Net Zero, a UK-based governmental department, in the first quarter of 2024, electricity demand increased by 1.2% compared to the same period in 2023, reaching 86 terawatt-hours (TWh). Therefore, the increasing electricity demand is driving growth in the building-to-grid technology market.
What are the key segments within 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 key players are shaping 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 transformative trends will shape the building-to-grid technology market landscape?
Major companies operating in the building-to-grid technology market are focused on developing advanced analytics solutions to enhance energy efficiency and grid interaction. Advanced analytics solutions refer to the use of sophisticated data analysis tools to optimize energy management and improve interactions between buildings and the grid. For instance, in April 2022, CPower, a US-based electric utility company, launched the Building Management System as a Service (BMS-aaS) in New York City to foster efficient, grid-interactive buildings. This innovative solution offers commercial property owners and managers an intelligent building management system at no upfront cost. It empowers them to optimize energy use, cut carbon emissions, and provide demand flexibility to the grid. The BMS-aaS facilitates dynamic interaction between buildings and the grid, enhancing demand response and energy management.
How do regional factors impact the building-to-grid technology market, and which region is the largest contributor?
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.
What Does The Building-To-Grid Technology Market Report 2025 Offer?
The building-to-grid technology market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Building-to-grid (B2G) technology refers to systems that allow buildings to communicate and interact with the power grid, enabling the exchange of energy and information. B2G technology integrates energy generation, storage, and consumption within buildings with the grid’s demand and supply. Buildings equipped with renewable energy sources, such as solar panels or energy storage systems, can supply excess energy back to the grid during peak demand.
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