Increasing energy consumption is another factor driving demand for virtual power plants to monitor and increase production of energy from renewable sources. Technological advancements on the traditional power grid for development of a new smart decentralized grid with bi-directional energy is contributing to growth of the virtual power plants market. The global shift towards renewable and distributed power generation is another factor driving demand for virtual power plants. Rising demand for a low-carbon future and smaller and decentralized power generation units is expected to continue to present future growth opportunities for players operating in the global virtual power plant market.
The report is a granular assessment of this particular business sphere and entirely covers the dynamic competitive landscape of the market. The document offers key insights into the market positions of these players alongside their gross earnings. Furthermore, it elaborates on each of the market segments, with detailed scrutiny of the development scope and competitive scenario of the regional fragments of the market. The latest study is inclusive of an in-depth analysis of the economic status of the global Virtual Power Plant market and examines the most important regions constituting the global market. It further details on the most lucrative and growth-oriented regions, top market rivals, diversified product types, and a large number of end-use industries. Additionally, the study includes a detailed summary of the current market scenario, which is vastly impacted by the ongoing COVID-19 pandemic.
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- 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.
Key participants include ABB, AutoGrid Systems, Inc., Blue Pillar, Cisco systems, Inc., Cpower Energy Management, Enel X, General Electric, Hitachi, Ltd., IBM, and Next Kraftwerke.
Emergen Research has segmented the global virtual power plant market on the basis of end-use, technology, and region:
- End-use Outlook (Revenue, USD Million; 2021–2028)
- Industrial and Commercial
- Technology Outlook (Revenue, USD Million; 2021–2028)
- Distributed Generation
- Demand Response
- Mixed Asset
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- Regional Outlook (Revenue: USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
- North America
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Virtual Power Plant Market Segmentation & Impact Analysis