openPR Logo
Press release

Virtual Power Plant Market Size 2020, Share, Trends and Opportunities, Expected to Register an Exponential CAGR of 22% with the Forecast to 2023

12-03-2020 05:57 AM CET | Energy & Environment

Press release from: Market Research Future (MRFR)

Virtual Power Plant Market

Virtual Power Plant Market

Global Virtual Power Plant Market Report Analyse by Key Region, Application and Types. This Reports covers all the Essential Details about the Industry Size, Share and Future Developments and Impact of Covide 19 on the Virtual Power Plant Market and Forecast till 2023

Market Analysis

The global virtual power plant market is predicted to grow at a healthy 22% CAGR between 2017- 2023 states the recent Market Research Future (MRFR) analysis. Virtual power plants or VPP are used for optimizing the generation of power from existing sources, integrating different renewable energy sources, and finally reducing the carbon footprint on the environment.

Various factors are propelling the global Virtual Power Plant Market share. As per the current MRFR report, such factors include the development of smart grids, growing demand for electric cars, decreasing cost of energy storage & solar generation, the rising share of renewable energy in the power generation mix, favorable government policies, and the possibility of the five-minute scheduling policy with VPP.

On the contrary, weak regulatory framework, the threat of cyberattacks, the challenge to maintain privacy & security of ample data that is generated from consumers, health safety concerns about radiofrequency & electromagnetic frequency exposure, and the current COVID-19 impact are factors that may limit the global virtual power plant market growth over the forecast period.
Free Sample Report+All Related Graphs And Char @ https://www.marketresearchfuture.com/sample_request/5583

Key Players

Eminent players profiled in the global virtual power plant market report include Siemens AG (Germany), Schneider Electric SE (France), Robert Bosch GmbH (Germany), International Business Machines Corporation (U.S.), Hitachi, Ltd. (Japan), General Electric Company (U.S.), Flexitricity Limited (U.K.), Enernoc, Inc. (U.S.), Enbala Power Networks, Inc. (Canada), Cpower Energy Management (U.S.), Comverge (U.S.), Cisco Systems, Inc. (U.S.), Blue Pillar, Inc. (U.S.), Autogrid Systems, Inc. (U.S.), and ABB Ltd. (Switzerland).

Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global virtual power plant market based on end user and technology.

By technology, the global virtual power plant market is segmented into mixed asset, demand response, and distribution generation. Of these, the demand response segment will lead the market over the forecast period as it improves the energy efficiency of the grid and also offers end users with everlasting benefits.

By end users, the global virtual power plant market is segmented into residential, industrial, and commercial. Of these, the industrial segment will dominate the market over the forecast period. The peak load of electricity is the maximum in different industries like chemical, paper and pulp, and petroleum that has created a productive market for VPP in the industrial sector.

Regional Analysis

Based on region, the virtual power plant market report covers the recent trends and growth opportunities across North America, the Asia Pacific (APAC), Europe, & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. The growing need for grid stability that can be fulfilled with virtual power plants, increasing sales of electric cars, shift towards renewable sources of energy, and burgeoning demand for virtual power plants are adding to the global virtual power plant market growth in the region.

The global virtual power plant market in Europe is predicted to hold the second-largest share over the forecast period. New government initiatives on 100% green energy across various European countries, coupled with the presence of several prominent industry players are adding to the global virtual power plant market growth in the region.

The virtual power plant market in the APAC region is predicted to grow at a fast pace over the forecast period. Rapid industrialization, coupled with increasing demand for virtual power plants in India & China, is adding to the global virtual power plant market growth in the region.

The virtual power plant market in the RoW is predicted to have sound growth over the forecast period. Development of new renewable power projects and the burgeoning demand to set up virtual power plants to effectively manage the distributed energy resources are adding to the global virtual power plant market growth in the region.

Buy an Exclusive Report Click Here@ https://www.marketresearchfuture.com/reports/virtual-power-plant-market-5583

Table of Contents

Report Overview
Virtual Power Plant Market Trends and Competitive Landscapes
Segmentation of Virtual Power Plant Market by Type
Segmentation of Market by End-Users
Market Analysis by Major Regions
Product Commodity of Market in Major Countries
North America - Landscapes Analysis
Europe Virtual Power Plant Landscapes Analysis
Asia Pacific Virtual Power Plant Landscapes Analysis
Latin America, Middle East & Africa Virtual Power Plant Landscapes Analysis
Major Players Profile
If you have any requirements, let know and we will customize the report according to your need.

Get More Updates: https://www.linkedin.com/showcase/ict-mrfr/

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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 Virtual Power Plant Market Size 2020, Share, Trends and Opportunities, Expected to Register an Exponential CAGR of 22% with the Forecast to 2023 here

News-ID: 2201201 • Views:

More Releases from Market Research Future (MRFR)

APAC Agricultural Robot Market Size, Trends, Growth, Market Analysis, Share and Forecast to 2032
APAC Agricultural Robot Market Size, Trends, Growth, Market Analysis, Share and …
APAC Agricultural Robot Market Overview Agriculture has long been the backbone of economies across the Asia-Pacific (APAC) region, providing livelihoods for millions and serving as a crucial source of food security. However, with the challenges posed by climate change, labor shortages, and the need for increased efficiency, traditional farming methods are undergoing a transformation. Enter agricultural robots - a technological revolution poised to redefine the landscape of farming in the APAC
Illuminate Your Market: Candle Industry Shines with 5.30% CAGR, Surging from USD 7.5 Billion in 2022 to USD 10.7 Billion by 2030
Illuminate Your Market: Candle Industry Shines with 5.30% CAGR, Surging from USD …
𝐂𝐚𝐧𝐝𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: In 2021, the candle market was estimated to be worth USD 7.1 billion. The industry for candles is expected to increase at a compound annual growth rate (CAGR) of 5.30% between 2022 and 2030, from USD 7.5 billion in 2022 to USD 10.7 billion. People's increasing inclination to enhance the aesthetics of their homes and other facilities, which is entwined with their improved economic conditions, changing living standards,
Saudi Arabia Medical Devices Market to Reach USD 3.3 Billion by 2032, growing at a CAGR of 5.9% | Sadara Chemical Company, SABIC, Johnson & Johnson, General Electric
Saudi Arabia Medical Devices Market to Reach USD 3.3 Billion by 2032, growing at …
Saudi Arabia Medical Devices Market Overview The Saudi Arabia Medical Devices Market is expected to register a CAGR of 5.9% from 2023 to 2032 and hold a value of over USD 3.3 billion by 2032. The Saudi Arabia medical devices market is experiencing rapid growth, fueled by several factors such as increasing healthcare expenditure, technological advancements, and a growing awareness of healthcare among the population. With a population that's becoming more health-conscious
Smoke Alarms Market Trends, Dynamics , Current and Future Growth by Forecast to 2030
Smoke Alarms Market Trends, Dynamics , Current and Future Growth by Forecast to …
The global smoke alarm market has witnessed steady growth driven by factors such as increasing awareness about fire safety, stringent regulations mandating smoke alarm installations in residential and commercial buildings, and technological advancements enhancing alarm accuracy and reliability. Market segments include traditional smoke alarms, smart smoke alarms, and interconnected smoke alarm systems. Smoke Alarm market industry is projected to grow from USD 3.6 Billion in 2023 to USD 06 Billion by

All 5 Releases


More Releases for Virtual

A Virtual Globe: stunning virtual events platform for every business .
Ultimately, the world as we know it has changed. Whether we accept it or not, the reality is that the way we work, regardless of your profession, has already shifted to a digital presence and is only a matter of time before this becomes the new norm. A Virtual Globe has launched its stunning virtual events platform that includes some really cool features such as Hybrid Mixed Reality and bespoke
Virtual Schools Market 2019 Analysis By Connections Education K12 Inc Mosaica Ed …
With the slowdown in world economic growth, the Virtual Schools industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Virtual Schools market size to maintain the average annual growth rate of X% from XXXX million $ in 2014 to XXXX million $ in 2017, BisReport analysts believe that in the next few years, Virtual Schools market size will be further expanded,
Alliance For Virtual Businesses Launches Virtual Assistants Chapter In Australia
On Friday 20 May 2011, International Virtual Assistants Day, Sharon Williams, founder of the Alliance for Virtual Businesses (A4VB) located in the USA, announced the opening of its Australian Chapter, A4VBAU. On Friday, 20 May 2011, Virtual Assistants from around the globe celebrated International Virtual Assistants Day, the annual day of recognition of the VA industry. During the celebration, Sharon Williams, founder of The Alliance for Virtual Businesses (A4VB), a US-based
Virtual Internet launches “On-Demand” Virtual Data Centers
LONDON, England Feb. 21, 2011 | Virtual Internet – Virtual Internet has announced a new cloud package called Virtual Data Centers which allow IT managers to virtualize their infrastructure “on-demand” via the Internet. The new self-service package allows managers to slice and dice a minimum of 10GB (or more) of physical disk space and/or physical memory into multiple configurations at will. Incorporating the best features of a private cloud and Infrastructure-as-a-Service (IaaS),
Caribbean Association Of Virtual Assistants Open Virtual Assistant Directory To …
CAVA Seeks Outside Assistance In Order To Meet Increased Demands For Virtual Assistants The Caribbean Association Of Virtual Assistants, the Caribbean’s leading association for virtual assistants is set to accept listings from virtual assistants the world over. The industry is still fairly new in the Caribbean and due to ever-increasing demands for the services provided by members of the association, the directors have made the decision to seek outside assistance. Virtual assistants
Virtual Assistants Become a Little Less Virtual
Toronto, Canada … North American Virtual Assistants and particularly Canadian VA’s have never before had the opportunity to meet and exchange views in this kind of forum and on Canadian soil. Barb Lang, a Toronto based Virtual Assistant specializing in Event Planning, saw a need for new and seasoned VA’s to meet in person in order to exchange ideas and business expertise in a mastermind / workshop type event.