Virtual Power Plant Market Size, Share | Global Industry Growth, Demand, Upcoming Trends, and Business Opportunities by 2026

According to MarkNtel Advisors’ research report, “Global Virtual Power Plant Market Analysis, 2021,” the market is likely to witness around 27% CAGR during 2021-26. Virtual power plants provide a reliable power supply and allow power generation through renewable energy sources. The reduction in the cost of solar power generation and the surging trend of using renewable sources in power generation are the prime factors augmenting the market growth.

Further, mounting government initiatives to minimize the chances of power outages and snowballing demand for power across industries, including petroleum refining, chemicals, and mining, are other critical aspects accelerating the growth of the Global Virtual Power Plant Market.

Get the sample pages of the market analysis: https://www.marknteladvisors.com/query/request-sample/global-virtual-power-plant-market.html

Key Questions Answered in the Study
1. What are the current and future trends in the Global Virtual Power Plant market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Virtual Power Plant market?
5. What is the customer orientation, purchase behavior, and expectations from the Global Virtual Power Plant market service providers across various regions?

Residential Sector Exhibits Fastest Growth

Based on the End-User, the market bifurcates into Residential, Industrial, and Commercial sectors. Among these segments, the Residential sector is more likely to grow substantially during the forecast period. It owes primarily to the rising demand for uninterrupted power supply in the residential area. In addition to this, escalating use of smart meters, smart home appliances, and other home energy management system is also likely to provide a lucrative opportunity to fuel the growth of the residential sector in the market.

“Global Virtual Power Plant Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Virtual Power Plant providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

For more information: https://www.marknteladvisors.com/research-library/global-virtual-power-plant-market.html

Distributed Generation Segment to Grow at a Sturdy Rate

Based on the Technology, the market classifies into Demand Response, Distributed Generation, and Mixed Asset. Of these, Distributed Generation segment is more likely to grow substantially during the forecast period. Distribution generation is decentralized energy that combines the capacities of heterogeneous distributed energy resources to enhance power generation. The rising intensification of the energy crisis and increasing concerns regarding environmental pollutions leads to aiding the growth of the Distributed Generation segment, reveals MarkNtel Advisors in their research report, “Global Virtual Power Plant Market Analysis, 2021.”

According to MarkNtel Advisors, the major leading players in the Global Virtual Power Plant Market are ABB Ltd, AutoGrid Systems, Advanced Microgrid Solutions, Inc., CISCO Systems Inc., Enbala Power Networks Inc., Enel X North America Inc., General Electric, Itron Inc., Schneider Electric, and Tesla Inc.

Market Segmentation:
1. By Source (Distributed Energy Generation System, Energy Storage Systems)
2. By Technology (Demand Response, Distributed Generation, Mixed Asset)
3. By End-User (Residential, Industrial, Commercial)
4. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
5. By Country (U.S, Canada, Brazil, Argentina, Mexico, Germany, France, The UK, Italy, Denmark, China, Japan, Australia, South Korea, UAE, Saudi Arabia, South Africa)
6. By Competitors (ABB Ltd, AutoGrid Systems, Advanced Microgrid Solutions, Inc., CISCO Systems Inc., Enbala Power Networks Inc., Enel X North America Inc., General Electric, Itron Inc., Schneider Electric, Tesla Inc., etc.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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