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
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.
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Virtual Power Plant Market by Technology
-Distribution Generation
-Demand Response
-Mixed Asset
Virtual Power Plant Market by End-User
-Commercial
-Industrial
-Residential
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Virtual Power Plant Market by Region
-North America
-Europe
-Asia-Pacific
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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.
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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
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