The global virtual power plant market is expected to reach a market size of USD 3,724.2 million by 2028 at a relatively robust CAGR over the forecast period, according to latest analysis by Emergen Research. This growth can be attributed to factors such as increasing initiatives of various governments regarding adoption of renewable sources of energy, which is driving renewable power generation activities. Rapid urbanization and rising focus on decarbonization, along with the rapid digitalization trend, are other factors driving adoption of virtual power plants, and the trend is expected to continue during the forecast period. Increasing energy consumption is another factor driving demand for virtual power plants to monitor and increase production of energy from renewable sources.

It will not be wrong to say that the Virtual Power Plant market report talks about customer experience that matters to every business owner planning to leverage the strategic insights for their brand growth. The case studies included in the study further demonstrate how recent innovation, mergers or acquisitions, new launches, research and development etc. have enables prominent leaders to curb toughest issues related to production volumes, demand and supply, supply chain management and more.

Study aims at providing data about key category dynamics such as user awareness and a buyer’s purchase intent, as well as tries to list down the relative influence of certain trends on the demand for a certain product or service.

You Can Download Free Sample PDF Copy of Virtual Power Plant Market at https://www.emergenresearch.com/request-sample/492

Here are the questions we answer…  

What are the future opportunities in store for the vendors operating in the Virtual Power Plant market?

What does the competitive landscape look like?

Which emerging technologies are believed to impact the Virtual Power Plant market performance?

What are the key trends and dynamics?

Which regulations that will impact the industry?

Which segment will offer the most opportunity for growth between 2020 and 2027?

Where will most developments take place in the long term?

Who are the most prominent vendors and how much market share do they occupy?

What are the latest technologies or discoveries influencing the Virtual Power Plant market growth worldwide?

The report segments the Virtual Power Plant market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies.

You Can Download Free Sample PDF Copy of Virtual Power Plant Market at https://www.emergenresearch.com/request-sample/492

Key Highlights of Report

In December 2020, ABB entered into a strategic partnership with AFC Energy, which is a provider of hydrogen generation technology. The partnership was formed to manufacture next generation of high power electric vehicle charging solutions which are sustainable for grid-constrained locations.

The residential segment accounted for largest market share of 61.4% in 2019. Increasing adoption of new technologies such as smart meters, smart home appliances, and fully functional smart grids in the residential sector is driving growth of virtual power plants in the residential segment.

The demand response segment revenue is expected to expand at a rapid CAGR of 29.1% during the forecast period. Growing investments in demand response solutions due to the benefits provided by them, such as peak load management, is further contributing to increasing demand for demand response solutions.

North America accounted for largest revenue share contribution to the global virtual power plant market in 2019. Implementation of stringent government regulations regarding greenhouse gas emissions and the growing trend of green energy in countries in the region is boosting the utilization of virtual power plants in North America.

Key players in the market include ABB, AutoGrid Systems, Inc., Blue Pillar, Cisco systems, Inc., Cpower Energy Management, Enel X, General Electric, Hitachi, Ltd., IBM, and Next Kraftwerke.

End-use Outlook (Revenue, USD Million; 2021–2028)

Residential

Industrial and Commercial

Technology Outlook (Revenue, USD Million; 2021–2028)

Distributed Generation

Demand Response

Mixed Asset

Regional Outlook (Revenue, USD Billion; 2021–2028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Buy now@ https://www.emergenresearch.com/select-license/492

Report Objectives

Examine the size of the global Virtual Power Plant market based on the parameters of value and volume.

Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Virtual Power Plant market.Explore the underlying dynamics of the global Virtual Power Plant market.

Highlight significant trends of the global Virtual Power Plant market based on factors including, production, revenue, and sales.

Extensively profile top players of the global Virtual Power Plant market and showing how they compete in the industry.

Study manufacturing processes and the costs, product pricing, and various trends associated with them.

Analyze the performance of different regions and countries in the global Virtual Power Plant market.

Forecast the market size and share of all segments and regions in the global landscape.

Read more@ https://www.emergenresearch.com/industry-report/virtual-power-plant-market

Table of Content

Chapter 1. Methodology & Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2020-2028

Chapter 3. Key Insights

Chapter 4. Virtual Power Plant Market Segmentation & Impact Analysis

Chapter 5. Virtual Power Plant Market By Application Insights & Trends, Revenue (USD Billion)

Chapter 6. Virtual Power Plant Market By Sensor Type Insights & Trends Revenue (USD Billion)

Chapter 7. Virtual Power Plant Market By Network Technology Insights & Trends, Revenue (USD Billion)

Continued…

Leave a comment

Your email address will not be published. Required fields are marked *