The global virtual power plant market size was valued at $1.3 billion in 2019, is expected to reach $5.9 billion by 2027, and is expected to grow at a CAGR of 21% from 2021 to 2027. Power systems with the purpose of integrating various distributed energy sources such as solar PV cells, wind turbines and hydroelectric power plants. In addition, virtual power plants provide efficient power generation even during peak load periods, with the scope to trade or sell power on the trading market. Virtual power plants are medium-sized power generation units incorporating a variety of renewable  energy sources for solar, wind and other flexible power consumers and storage systems. A virtual power plant consists of a variety of mixed assets connected through a central control system that processes a wide range of information such as current prices, prices and weather forecasts for power exchangers, and grid information for system operators.

 

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Company Profile

Major players have adopted product launch, business expansion to sustain the intense market competition. The key players profiled in the report include ABB Ltd., AGL Energy, AutoGrid Systems, Inc., Enbala Power Networks, Enel X Inc., General Electric Company, Siemens AG, Schneider Electric SE, Limejump Ltd., and others.

 

Market Segmentation

Virtual Power Plant Market Segmentations

By Technology:

Demand Response
Distributed Generation
Mixed Asset

By End-User Application:

Industrial and Commercial
Residential

 

Scope of the Report

The research study analyzes the global Virtual Power Plant industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Virtual Power Plant Market Report

1. What was the Virtual Power Plant Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

What will be the CAGR of Virtual Power Plant Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Virtual Power Plant Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

 

The report covers the following objectives:

Proliferation and maturation of trade in the global Virtual Power Plant market.
The market share of the global Virtual Power Plant market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
Current and future market trends that are influencing the growth opportunities and growth rate of the global Virtual Power Plant market.
Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Virtual Power Plant market.


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