openPR Logo
Press release

Virtual Power Plant Market Size is Projected To Reach USD 5.9 Billion By 2027 At A CAGR Of 21.3% - Valuates Reports

05-06-2022 10:14 PM CET | Energy & Environment

Press release from: Valuates Reports

Virtual Power Plant Market Size is Projected To Reach USD 5.9

The global virtual power plant market was valued at USD 1.3 Billion in 2019 and is projected to reach USD 5.9 Billion by 2027, growing at a CAGR of 21.3% from 2020 to 2027.

The virtual power plant market is expected to rise due to rising renewable energy penetration in the power generation sector, as well as shifts in power grid dynamics from centralized to distributed. The consumer demand will be boosted by further reductions in energy costs and the ease with which energy storage can be accessed.

A virtual power plant is a set of distributed generators with the aim of integrating various distributed energy sources such as biomass plants, biogas block heating plants, wind turbines, and hydroelectric plants.

A virtual power plant is made up of various assets that are linked together by a central control system that processes a wide range of data, including current power exchange rates, price and weather forecasts, and grid information from system operators.

Virtual Power Plant Market Driving Factors Trends
The Virtual Power Plant Market is expected to increase due to rising demand for renewable energy in the power generation sector, as well as shifts in power grid dynamics from centralized to distributed.

Furthermore, compared to traditional power plant setup, Virtual Power Plant is more effective and versatile in delivering peak load electricity in a short notice timeframe, which will further drive Virtual Power Plant market growth.

Due to market fluctuations, the flexibility in trading with virtual power plants attracted a large number of new participants. Customers can sell excess energy and buy energy at a lower price on the trade market. Such characteristics are expected to further fuel the virtual power plant market.

Government policies requiring environmentally friendly power generation would boost the market for renewable energy, boosting demand for virtual power plants.

Major players have adopted product launch, business expansion to sustain the intense market competition. The key players profiled in the report include ABB Ltd., AGL Energy, AutoGrid Systems, Inc., Enbala Power Networks, Enel X Inc., General Electric Company, Siemens AG, Schneider Electric SE, Limejump Ltd., and others.

View Full Report:
https://reports.valuates.com/market-reports/ALLI-Auto-0M193/virtual-power-plant

Market Key Developments

ABB Ltd.- ABB Ability™ solutions for utilities allow better prices for produced energy on the spot and derivatives markets, as well as optimized internal production. They also enable a lower cost of energy compensation and an improved fulfillment of the nominated load schedule. Balancing the infeed of renewables before balancing costs are generated is also made possible. The system architecture is scalable, from a few up to many thousands of units, and customers can implement their own business model.

Siemens AG - Siemens AG offers innovative technologies, extensive energy experience, and an ambitious strategy to decarbonize global energy systems and drivers of the energy transition. Siemens AG's top focus areas are in ESG, innovation, and transformation share how we're making the future of tomorrow different
today for both our partners-and our people.

Schneider Electric SE - Schneider Electric SE is a European multinational company providing energy and digital automation solutions for efficiency and sustainability. It addresses homes, buildings, data centers, infrastructure, and industries, by combining energy technologies, real-time automation, software, and services.

Key Benefits for Stakeholders

-The global Virtual Power Plant market analysis covers in-depth information of major industry participants.
-Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
-Major countries have been mapped according to their individual revenue contribution to the regional market.
-The report provides an in-depth analysis of the global Virtual Power Plant market forecast for the period 2020-2027.
-The report outlines the current virtual power plant market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
-The key drivers, restraints, and virtual power plant market opportunity and their detailed impact analysis is elucidated in the study.

Virtual Power Plant Market by Technology
-Distribution Generation
-Demand Response
-Mixed Asset

Virtual Power Plant Market by End-User
-Commercial
-Industrial
-Residential

Inquire for Regional Report:
https://reports.valuates.com/request/regional/ALLI-Auto-0M193/Virtual_Power_Plant_Market

Virtual Power Plant Market by Region
-North America
-Europe
-Asia-Pacific

Inquire For Sample:
https://reports.valuates.com/request/sample/ALLI-Auto-0M193/Virtual_Power_Plant_Market

Major Players in the Virtual Power Plant Market
-ABB Ltd.
-AGL Energy
-AutoGrid Systems, Inc.
-Comverge, Inc.
-Enbala Power Networks
-EnerNOC, Inc.
-General Electric Company
-Siemens AG
-Schneider Electric SE
-Limejump Ltd.

Inquire for Chapter Cost:
https://reports.valuates.com/request/chaptercost/ALLI-Auto-0M193/Virtual_Power_Plant_Market

Inquire for Customization:
https://reports.valuates.com/request/customisation/ALLI-Auto-0M193/Virtual_Power_Plant_Market

SIMILAR REPORTS:
Global Distributed Generation Market Size, Status and Forecast 2020-2026 - https://reports.valuates.com/market-reports/QYRE-Auto-24B1752/global-distributed-generation

Global Smart Demand Response Market Size, Status and Forecast 2021-2027 - https://reports.valuates.com/market-reports/QYRE-Othe-1Z323/smart-demand-response

Global Microgrid Market Insights and Forecast to 2028 - https://reports.valuates.com/market-reports/QYRE-Auto-19135/global-microgrid

Smart Grid Market - https://reports.valuates.com/market-reports/ALLI-Auto-2M364/smart-grid

Global Smart Electric Meters Market Research Report 2020 - https://reports.valuates.com/market-reports/QYRE-Auto-19Z1591/global-smart-electric-meters

Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Follow on Twitter - https://twitter.com/valuatesreports
Follow on Linkedin - https://in.linkedin.com/company/valuatesreports
Follow on Facebook - https://www.facebook.com/valuatesreports

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

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 is Projected To Reach USD 5.9 Billion By 2027 At A CAGR Of 21.3% - Valuates Reports here

News-ID: 2619044 • Views:

More Releases from Valuates Reports

2-Oxazolidinone Market Revenue, Insights, Overview, Outlook, Analysis | Valuates …
2-Oxazolidinone Market Size The global market for 2-Oxazolidinone was valued at US$ 732 million in the year 2024 and is projected to reach a revised size of US$ 916 million by 2031, growing at a CAGR of 3.3% during the forecast period. Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-1I12558/Global_2_Oxazolidinone_Market?utm_source=Openpr&utm_medium=Referral This report aims to provide a comprehensive presentation of the global market for 2-Oxazolidinone, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess
Strontium-88 Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Re …
Strontium-88 Market Size The global market for Strontium-88 was valued at US$ 89 million in the year 2024 and is projected to reach a revised size of US$ 126 million by 2031, growing at a CAGR of 5.2% during the forecast period. Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-34T9158/Global_Strontium_Market?utm_source=Openpr&utm_medium=Referral This report aims to provide a comprehensive presentation of the global market for Strontium-88, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess
Cobalt Sulfate Heptahydrate Market Revenue, Insights, Overview, Outlook, Analysi …
Cobalt Sulfate Heptahydrate Market Size The global market for Cobalt Sulfate Heptahydrate was valued at US$ 449 million in the year 2024 and is projected to reach a revised size of US$ 729 million by 2031, growing at a CAGR of 6.9% during the forecast period. Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-19T19438/Global_Cobalt_Sulfate_Heptahydrate_Market?utm_source=Openpr&utm_medium=Referral The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments
Ultrasonic Fabric Cutting and Sealing Machine Market Revenue, Insights, Overview …
Ultrasonic Fabric Cutting and Sealing Machine Market Size The global market for Ultrasonic Fabric Cutting and Sealing Machine was valued at US$ 1200 million in the year 2024 and is projected to reach a revised size of US$ 2091 million by 2031, growing at a CAGR of 8.2% during the forecast period. Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-12M18905/Global_Ultrasonic_Fabric_Cutting_and_Sealing_Machine_Market?utm_source=Openpr&utm_medium=Referral This report aims to provide a comprehensive presentation of the global market for Ultrasonic Fabric Cutting and

All 5 Releases


More Releases for Power

Thermal power Market is Gaining Momentum with Enel, TATA Power, Reliance Power
The Latest Released Thermal power market study has evaluated the future growth potential of Thermal power market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,
Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan. The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,
Fluid Power Systems Market SWOT Analysis by Key Players: Parker, Eaton, Tokyo Ke …
QY Research has lately published a new report on “Global Fluid Power Systems Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025,” for the forecasted period 8-years, i.e. between 2017 and 2025. The Fluid Power Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered
New research on Medical Power Supply Market To 2022 Profiling SL Power Electroni …
This Global Medical Power Supply market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this