The virtual power plant market size was valued at $1.3 billion in 2019, is to reach $5.9 billion by 2028, and is to grow at a CAGR of 21% from 2022 to 2028. 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
- ABB Ltd.
- AGL Energy
- AutoGrid Systems
- , Enbala Power Networks
- General Electric Company
- Siemens AG
- Schneider Electric SE
- Limejump Ltd.
Market Segmentation
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 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 (2022-2028).
- What will be the CAGR of Virtual Power Plant Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
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 Virtual Power Plant market.
- The market share of the 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 Virtual Power Plant market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Virtual Power Plant market.
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