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. 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. Leveraging of clean sources of power generation, which are cost-effective, such as solar, wind, and hydro, is contributing significantly to growth of the virtual power plant market, and the trend is expected to continue over the forecast period. Rising need to reduce dependence on fossil-fuel-based power generation is another factor projected to drive demand for virtual power plants.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Virtual Power Plant according to the impact of COVID-19.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/492
The leading market contenders listed in the report are:
ABB, AutoGrid Systems, Inc., Blue Pillar, Cisco Systems, Inc., Cpower Energy Management, Enel X, General Electric, Hitachi, Ltd., IBM, Next Kraftwerke
Key reasons to buy the Global Virtual Power Plant Market report:
The latest report comprehensively studies the global Virtual Power Plant market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now)@ https://www.emergenresearch.com/request-discount/492
Market Segmentations of the Virtual Power Plant Market
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 Million; 2021–2028)
North America
U.S.
Canada
Europe
Germany
U.K.
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Rest of MEA
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/virtual-power-plant-market
Regional Outlook of the Virtual Power Plant Market
The global Virtual Power Plant market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Virtual Power Plant market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Virtual Power Plant Market report:
The latest report comprehensively studies the global Virtual Power Plant market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
Request Cumtomization as per your specific requirement@ https://www.emergenresearch.com/request-for-customization/492
Thank you for reading our report. For further queries, please connect with us, and our team will provide you the report best suited to your requirements.
Latest Published Reports by Emergen Research:
Healthy Snacks Market
https://www.emergenresearch.com/industry-report/healthy-snacks-market
Wastewater Recovery Systems Market
https://www.emergenresearch.com/industry-report/wastewater-recovery-systems-market
Air Freight Market
https://www.emergenresearch.com/industry-report/air-freight-market
Clear Whey Isolate Market
https://www.emergenresearch.com/industry-report/clear-whey-isolate-market
Particle Board Market
https://www.emergenresearch.com/industry-report/particle-board-market
AI in Telecommunication Market
https://www.emergenresearch.com/industry-report/artificial-intelligence-in-telecommunication-market
Injection Molding Machine Market
https://www.emergenresearch.com/industry-report/injection-molding-machine-market
Pico Laser Market
https://www.emergenresearch.com/industry-report/pico-laser-market
Micronutrients Market
https://www.emergenresearch.com/industry-report/micronutrients-market
Embedded Systems Market
https://www.emergenresearch.com/industry-report/embedded-systems-market
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail:
[email protected]
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Trending Titles: Saffron Market |Lithium Iron Phosphate Battery Market
Latest Report:Eye Tracking Market |Wireless Connectivity Market
The Wall