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The virtual power plant market is forecasted to grow by USD 6554.86 mn during 2023-2028, accelerating at a CAGR of 25.75% during the forecast period. The report on the virtual power plant market provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in the integration of renewable energy sources, enhancing grid flexibility by aggregating and controlling distributed energy resources (DERs), and a growing shift toward distributed generation.
The virtual power plant market is segmented as below:
By Technology
- Demand response
- Distributed generation
- Mixed asset
By End-user
- Industrial
- Commercial
- Residential
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the virtual power plant market covers the following areas:
- Virtual power plant market sizing
- Virtual power plant market forecast
- Virtual power plant market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global virtual power plant market: ABB Ltd., Alarm.com Holdings Inc., Duke Energy Corp., ENGIE SA, Generac Holdings Inc., HubSpot Inc., Kyocera Corp., Orsted AS, RWE AG, Schneider Electric SE, Siemens AG, SolarHub, Sunrun Inc., Sunverge Energy Inc., and Tesla Inc.Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is increased use of artificial intelligence (AI), machine learning, and advanced data analytics.'
According to the report, one of the major drivers for this market is the increase in the integration of renewable energy sources.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Alarm.com Holdings Inc.
- Duke Energy Corp.
- ENGIE SA
- Generac Holdings Inc.
- HubSpot Inc.
- Kyocera Corp.
- Orsted AS
- RWE AG
- Schneider Electric SE
- Siemens AG
- SolarHub
- Sunrun Inc.
- Sunverge Energy Inc.
- Tesla Inc.
