Press release
How Virtual Power Plant Market 2021 is Booming Worldwide with Top Leading Players – Hitachi, Lt, Enbala Power Networks, Cisco Systems, General Electric, AGL Energy
The coronavirus outbreak has generated large-scale disturbances across the global economy, causing unprecedented damage to industries, especially the energy & power industry. Having up-to-date information on different markets is vital for the survival of any business in such difficult times. We, at Fortune Business Insights™, offer in-depth market research reports, comprehensively analyzing the impact of the COVID-19 pandemic on your business.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/virtual-power-plant-market-101669
𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
• Detailed Overview of virtual power plant market will help deliver clients and businesses making strategies.
• Influencing factors that are thriving demand and latest trends running in the market.
• Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
• What trends, challenges and barriers will impact the development and sizing of the Global Market?
• SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
• What is the virtual power plant market growth momentum or market carries during the forecast period?
• Which region may tap the highest market share in the coming era?
• Which application/end-user category or Product Type may seek incremental growth prospects?
• What focused approach and constraints are holding the virtual power plant market demand?
Market Driver
𝐀𝐦𝐛𝐢𝐭𝐢𝐨𝐮𝐬 𝐆𝐫𝐞𝐞𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐓𝐚𝐫𝐠𝐞𝐭𝐬 𝐛𝐲 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐭𝐨 𝐒𝐭𝐨𝐤𝐞 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐕𝐏𝐏𝐬
In a bid to tackle the effects of climate change and global warming, countries worldwide have set highly ambitious emission reduction targets for themselves, as enunciated under the Paris Agreement of 2015. For example, Morocco’s National Energy Strategy aims at generating 42% of its electricity from renewables by 2020, and 52% by 2030. The country’s CO2 reduction targets are well-aligned with limiting global warming to 1.5 degrees Celsius under the Paris Agreement. India, under its National Energy Plan, intends to achieve 40% power generation through renewables by 2030. Another significant example is Costa Rica, which has been producing 98% of its electricity from renewables, mainly hydropower, for the past four years, and aims at reaching 100% by 2021. Virtual power plants Market can facilitate and accelerate countries’ shift towards renewables as these plants are not only able to balance renewable generation and consumption through smart distribution, but are also able to store extra energy efficiently and manage the grid during peak load periods.
𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐠𝐞𝐭 𝐬𝐚𝐦𝐩𝐥𝐞 𝐩𝐝𝐟 𝐭𝐡𝐞 𝐬𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 𝐚𝐧𝐝 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐢𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐏𝐨𝐰𝐞𝐫 𝐏𝐥𝐚𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭.
𝐏𝐥𝐞𝐚𝐬𝐞 𝐯𝐢𝐬𝐢𝐭
https://www.fortunebusinessinsights.com/industry-reports/virtual-power-plant-market-101669
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬-
𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐏𝐫𝐞𝐬𝐞𝐧𝐭 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬; 𝐄𝐮𝐫𝐨𝐩𝐞 𝐭𝐨 𝐅𝐚𝐬𝐭𝐞𝐧 𝐈𝐭𝐬 𝐆𝐫𝐢𝐩 𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞
Surging energy demand and the growing need for efficient power distribution technologies are expected to create wide, lucrative opportunities in Asia Pacific. In addition, China and India are making massive investments in renewables to attain their clean energy targets and reduce their dependence on fossil fuels, which augurs well for the VPP market.
Europe is anticipated to tighten its hold on the virtual power plant market share during the forecast period owing to the rapid advancements in energy storage technologies being made in the region. North America, which boasted a market size of USD 0.32 billion in 2019, is predicted to obtain a lead in the global market on account of the implementation of large-scale VPP projects in the US and Canada.
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞-
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐭𝐨 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐁𝐫𝐨𝐚𝐝𝐞𝐧𝐢𝐧𝐠 𝐨𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬
Key players in the Virtual Power Plant Market are singularly focusing on broadening, strengthening, and consolidating their global operations by providing cost-effective and efficient power generation solutions. These solutions are designed and customized according to the needs of the country, allowing power distribution companies to flexibly operate the grid.
𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:
September 2020: Tesla announced the launch of the third phase of its huge virtual power plant project in South Australia. The VPP will connect around 4,000 homes with Powerwalls, with solar connected to the system.
September 2019: Sunrun secured a massive VPP deal to provide residential solar battery systems to Hawaii Electric at grid scale. The company will be installing 1,000 of its Brightbox solar batteries on Oahu Island by 2024.
𝐇𝐚𝐯𝐞 𝐀𝐧𝐲 𝐐𝐮𝐞𝐫𝐲? 𝐒𝐩𝐞𝐚𝐤 𝐓𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/virtual-power-plant-market-101669
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐏𝐨𝐰𝐞𝐫 𝐏𝐥𝐚𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
International Business Machines Corporation (New York, US)
Hitachi, Ltd. (Tokyo, Japan)
Enbala Power Networks, Inc. (Canada and the US)
Cisco Systems, Inc. (California, US)
General Electric (Massachusetts, US)
AGL Energy (Sydney, Australia)
AutoGrid (California, US)
Siemens (Munich, Germany)
Robert Bosch GmbH (Gerlingen, Germany)
Enernoc, Inc. (Massachusetts, US)
Comverge (Georgia, US)
Blue Pillar, Inc. (Indianapolis, US)
Enel X (Boston, US)
Next Kraftwerke (Cologne, Germany)
Schneider Electric (Paris, France)
ABB (Zurich, Switzerland)
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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