Press release
How is Increasing Production of Renewable Energy Fueling Progress of Global Virtual Power Plant Market?
Request Sample Copy of Report : https://www.psmarketresearch.com/market-analysis/virtual-power-plant-market/report-sample
The setting up of renewable power projects will lead to the generation of huge quantities of energy, which will require a well-developed power evacuation infrastructure for their reliable supply, thereby leading to the development of virtual power plants across the globe.
The increasing power outages in several countries such as India, Nigeria, and Indonesia, on account of acute power shortages in these countries because of the ageing and inadequately equipped power infrastructure, is another important factor responsible for the ballooning development of virtual power plants.
Due to these factors, the value of the global virtual power plant (VPP) market is expected to increase from $1,975.1 million to $5,510.2 million from 2017 to 2023. The market is also predicted to progress at a CAGR of 18.6% during the forecast period (2018-2023).
Owing to the rising need for high and regular supply of energy in various industrial, residential, and commercial applications and for the operation of electric vehicles, the development of virtual power plants will skyrocket across the globe over the next few years.
Make Enquiry : https://www.psmarketresearch.com/send-enquiry?enquiry-url=virtual-power-plant-market
Amongst these, the electric vehicles will observe the fastest growth in the demand for virtual power plants during the forecast period. This is mainly attributed to the large-scale deployment of electric vehicles across the world and the resultant surge in the requirement of a well-established electric vehicle charging infrastructure.
Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release How is Increasing Production of Renewable Energy Fueling Progress of Global Virtual Power Plant Market? here
News-ID: 2056952 • Views: …
More Releases from P&S Intelligence
Remote Access Provided by Cloud Category Fuels Call Center AI Market
In 2021, the call center AI market generated sales worth $1,982.9 million, and it is expected to contribute $12,910.6 million in 2030, progressing at a rate of 23.1% from 2021 to 2030, ascribed to the growing up requirements for improved data analytics to manage customer inquiries with the real-time response to improve customer engagement through social media.
In order to pace up the 4th industrial revolution, businesses across various industries…
Growing Demand for CSM System Will Drive the Customer Engagement Solutions Marke …
The total value of the customer engagement solutions market was $18,186.8 million in 2021, and it will rise at a growth rate of above 10% in the near future, to reach $43,398.9 million by 2030. The major reasons behind the growth of this industry are growing usage of such solutions in serval industries like healthcare, telecommunications, BFSI and FMCG.
North America will grow the fastest with a rate of 10.5% in…
Reduced Operational Cost of Energy Efficient Motors Propels Motion Control Marke …
The motion control market generated a revenue of $14,887.5 million in 2021, and it is expected to contribute $23,286.4 million in 2030, progressing at a rate of 5.1% from 2021 to 2030, ascribed to the rising demand for industrial robots and integration of components with the motion control systems for convenient use.
Moreover, the evolving motion control standards and protocols propel the market, for example, the OPC UA TSN protocol controls…
North America, the Largest Revenue Producer in Public Safety and Security Market
The size of the public safety and security market was at $411 billion in the year 2021, which will reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the years to come. This is largely ascribed to the rising application of innovative technologies in smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the growing count of terrorist activities…
More Releases for Request
Industry Future of Request for Proposal Software Market
The Request for Proposal Software market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status…
Customer request satisfied
Awning manufacturer markilux looks back with satisfaction on the introductory year of its fabric collection 2018+
A year after markilux's new awning fabric collection was introduced into the market, the company has said it is completely satisfied with the feedback it has received from its customers. The more comprehensive layout of the collection, the large range of plain-coloured fabrics and false plains, as well as the variety of fabric patterns, have…
Tailor-made: Monitor Systems by Customer Request
Monitor Solution Provider Distec Implements Customer-specific Projects
Distec GmbH - leading German specialist for TFT flat screens and system solutions for industrial and multimedia applications – has strengthened their specification for customer-specific monitor systems. This allows Distec to meet customer requests for increasingly high definition image quality with maximum contrast and large screen diagonals. The demand includes visually appealing design with the latest technologies for touch, PC, and communications interfaces. In…
Click Here To Get Request Sample:
In this report, the Global Permanent Magnet Contactors Market 2017 is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Permanent Magnet Contactors for these regions, from 2012…
BAG: Dismissal at request of works council
It is possible for a works council to push through the dismissal of an employee, as demonstrated by a recent ruling of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court, from March 28, 2017 (Az.: 2 AZR 551/16).
The BAG held that if the courts grant the works council’s formal request vis-à-vis the employer to dismiss an employee, this fulfils the requirement for there to be an urgent operational need justifying the…
Request Management System to handle the complex workflow
With the billions of Software being developed and high completion in the market, business requirement keep on changing according to the trends. To find the solution for this, TatvaSoft developed request management system for one it’s UAE based client. The client has a chain of restaurants and was not able to cope up with the tasks that were handled manually and information was distributed over different branches. To avoid this…
