Press release
Virtual Power Plant to grow at 27% CAGR with surging Renewable Energy Needs
According to Global Virtual Power Plant Market Research Report: Forecast (2022-2027), "The Market is projected to grow at a CAGR of around 27% during the forecast period, i.e., 2022-27. The growth is driven by the mounting demand for power generation from renewable energy sources, coupled with concern for decentralized power generators in the electricity distribution supply chain to balance energy production & consumption levels.
In addition, the rising adoption of virtual power plants to benefit its reduced cost and integrated technologies like demand response, distributed generation, and mixed assets is likely to accelerate the market."
In Order To Download A Free Sample PDF Of The Study Report. To Gain A Complete Understanding Of The [Summary + Table Of Contents]] Structure Of This Report- https://www.marknteladvisors.com/query/request-sample/global-virtual-power-plant-market.html
Segmentation & Regional Analysis
The market is highly fragmented and comprises various bifurcations & geographies. These sections cover information on opportunities & challenges faced by the players, fluctuations in the demand, supply, revenue generation, size, sales, profits, volume, & price, among other parameters for the investors. The stakeholders can also attain an overview of the external factors influencing the industry expansion over the years.
The market bifurcates into Source, Technology, and End Users. Based on Source, the market is segmented into Distributed Energy Generation Systems and Energy Storage Systems. On the basis of Technology, the market is distributed into Demand Response, Distributed Generation, and Mixed Asset. And finally, based on the End Users, the market is distributed into Residential, Industrial, and Commercial.
North America's Adoption of Renewable Energy Fuels Market Growth
"Globally, North America acquires the dominant share owing to the increasingly sanctioned projects for the deployment of virtual power plants and a greater focus on adopting renewable energy. Likewise, the region is witnessing an active deployment of virtual power plants across the residential and industrial sectors. On the other hand, Europe is projected to attain the second-largest market share owing to the rapidly increasing investments in the industry and stringent regulations by countries to curb the region's carbon emissions.
Furthermore, both Asia-Pacific and Middle East & Africa region are also expected to experience significant market growth aided by the stimulating demand for renewable power sources.", states the research report by Markntel Advisors.
Take A Look At The Report's Full Description, Research Methodology, And Table Of Contents - https://www.marknteladvisors.com/research-library/global-virtual-power-plant-market.html
Competitive Projection & Analysis
From a competitive point of view, the Global Virtual Power Plant Market is robust. Out analysts bring data in the section covering key strategies of the players adopted to sustain amidst the dynamic market & yield higher profits. The researchers have rigorously profiled each company operating in the industry, offering insights to the stakeholders.
This information comprises the recent developments, mergers & acquisitions, product/service launches, expansion plans, & opportunities utilized to attain revenue, alongside the role & participation of the governments and more. The prominent players profiled in the report include ABB Ltd, Autogrid Systems, Advanced Microgrid Solutions, Inc., CISCO Systems Inc., Enbala Power Networks Inc., Enel X North America Inc., General Electric, Itron Inc., Hitachi Ltd, Mitsubishi Electric Corporation, Next Kraftwerke, Siemens AG, and Schneider Electric, Tesla Inc.
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Customization Services
To avail of exciting offers & customization services on the report, reach out to MarkNtel Advisors and get a personalized analysis of the market. Out researchers compile data for the stakeholders, incorporating all the prominent aspects influencing the industry expansion alongside the particular chapters requested. This detail-driven, unbiased, and accurate data on grounds curating the fundamentals underlying the market potential & lucrative opportunities shall benefit the investors in numerous ways in the future.
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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