Press release
Virtual Power Plant Market 2023 Size Industry Key Strategies, Historical Analysis, Segmentation, Application, Technology, Trends And Opportunities Forecasts To 2032
Virtual Power Plant Market
The Business Research Company's Virtual Power Plant Global Market Report 2023 identifies Increasing demand for renewable energy as the major driver for the Virtual Power Plant market's growth in the forecast period. Renewable energy refers to the energy that originates from natural resources that replenish more quickly than they are used up. Virtual power plants (VPPs) can balance the production and consumption of renewable energy, and forecasts can help direct consumer behavior as a form of demand response. For an instance, in April 2021, according to the Global Energy Review 2021, published by International Energy Agency, a France-based, autonomous intergovernmental organization, the percentage of renewables in global electricity generation reached 29% in 2020, from 27% in 2019, however, in 2020, demand for renewable energy rose by 3% as demand for all other fuels decreased.
The global virtual power plant market is expected to grow from $1.92 billion in 2022 to $2.36 billion in 2023 at a compound annual growth rate (CAGR) of 22.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global virtual power plant market is expected to reach $5.04 billion in 2027 at a CAGR of 20.9%.
Download Free Sample Of Virtual Power Plant Market Report - https://www.thebusinessresearchcompany.com/sample_request?id=8757&type=smp
Major competitors in the Virtual Power Plant market are ABB Ltd., AGL Energy Ltd., Autogrid Systems Inc., Robert Bosch GmbH, Cpower Energy Management, Enbala Power Networks Inc., Enel X Ltd., Flexitricity Limited
A key trend in the Virtual Power Plant market includes adoption of advanced technologies Major players in the virtual power plant sector are focused on the adoption of advanced technologies to sustain their position in the market. For instance, in October 2022, AutoGrid Systems, a US-based virtual power plant (VPP) provider, partnered with Mysa, a Canada-based thermostat manufacturing startup, and developed utility-scale virtual power plants with an AI-powered VPP platform and Mysa's smart thermostat technology. With the use of its unique features, such as demand-side resources, distributed generation, customer-owned flexible storage, and AutoGrid VPP, different energy markets can be made profitable and used to generate income.
Read More On TheGlobal Virtual Power Plant Market Report Here: https://www.thebusinessresearchcompany.com/report/virtual-power-plant-global-market-report
The Virtual Power Plant market is segmented -
• By Technology: Distribution Generation, Demand Response, Mixed Asset
• By Source: Renewable Energy, Cogeneration, Energy Storage
• By End User: Industrial, Commercial, Residential
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Virtual Power Plant market.
The Business Research Company's "Global Virtual Power Plant Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Virtual Power Plant Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8757
The Table Of Content For The Virtual Power Plant Market Include:
1. Executive Summary
2. Virtual Power Plant Market Characteristics
3. Virtual Power Plant Market Trends And Strategies
4. Virtual Power Plant Market - Macro Economic Scenario
5. Virtual Power Plant Market Size And Growth
.....................
26. Africa Virtual Power Plant Market
27. Virtual Power Plant Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Virtual Power Plant Market
29. Virtual Power Plant Market Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
Twitter:https://twitter.com/tbrc_info
Facebook:https://www.facebook.com/TheBusinessResearchCompany
YouTube:https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog:https://blog.tbrc.info/
Healthcare Blog:https://healthcareresearchreports.com/
Global Market Model:https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases:https://www.thebusinessresearchcompany.com/press-release.aspx
WantTo Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultantsspecialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
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 2023 Size Industry Key Strategies, Historical Analysis, Segmentation, Application, Technology, Trends And Opportunities Forecasts To 2032 here
News-ID: 3287709 • Views: …
More Releases from The Business research company
Comprehensive Cementitious Concrete Repair Mortar Market Forecast 2025-2034: Gro …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Cementitious Concrete Repair Mortar Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been considerable growth in the market for cementitious concrete repair mortar in recent times. The market's worth is predicted to increase from $2.00 billion in 2024 to $2.15 billion in 2025,…
Surge In Infrastructure Projects Fueling The Growth Of The Market Due To Urbaniz …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Construction Equipment Diagnostics Market Size By 2025?
The market size of construction equipment diagnostics has seen substantial expansion in the past few years. The market, which stands at $2.39 billion in 2024, is expected to surge to $2.65 billion by 2025, exhibiting an impressive compound…
Emerging Trends to Reshape the Cash And Coin Recycling System Market: Revolution …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Cash And Coin Recycling System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, there has been a robust growth in the market size of the cash and coin recycling system. It is predicted to escalate from $2.56 billion in 2024…
Crop Weather Index Insurance Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Crop Weather Index Insurance Market Through 2025?
In recent times, the market size of the crop weather index insurance has expanded swiftly. Its growth projection shows an increase from $1.81 billion in 2024 to an anticipated $2.04 billion in 2025 with a…
More Releases for Virtual
Virtual Office Staff and Fortitude Virtual Professionals Unite to Elevate Virtua …
On May 5, 2025, two esteemed virtual assistant agencies-Virtual Office Staff and Fortitude Virtual Professionals-officially merged, forming a dynamic alliance poised to redefine the standards of virtual executive support and business operations.
This strategic merger combines the strengths of both organizations, uniting their commitment to delivering top-tier virtual office services that exceed client expectations. Operating under the Fortitude Virtual Professionals brand, the unified entity leverages a robust infrastructure and a reputation…
Virtual Assistance Revolution: Intelligent Virtual Assistants Market (2023-2032)
Global Intelligent Virtual Assistants Market Scope and Overview Report 2023-2032
"According to the research report, the global intelligent virtual assistant market was valued at USD 2.62 billion in 2022 and is expected to reach USD 22.45 billion by 2032, to grow at a CAGR of 24.0% during the forecast period."
This visionary report entitled Intelligent Virtual Assistants Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2030 published by…
Virtual Workplace Market Seeking Excellent Growth | Opus Virtual Offices, Blackm …
Advance Market Analytics published a new research publication on "Virtual Workplace Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Virtual Workplace market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Virtual Internet launches “On-Demand” Virtual Data Centers
LONDON, England Feb. 21, 2011 | Virtual Internet – Virtual Internet has announced a new cloud package called Virtual Data Centers which allow IT managers to virtualize their infrastructure “on-demand” via the Internet.
The new self-service package allows managers to slice and dice a minimum of 10GB (or more) of physical disk space and/or physical memory into multiple configurations at will.
Incorporating the best features of a private cloud and Infrastructure-as-a-Service (IaaS),…
Caribbean Association Of Virtual Assistants Open Virtual Assistant Directory To …
CAVA Seeks Outside Assistance In Order To Meet Increased Demands For Virtual Assistants
The Caribbean Association Of Virtual Assistants, the Caribbean’s leading association for virtual assistants is set to accept listings from virtual assistants the world over.
The industry is still fairly new in the Caribbean and due to ever-increasing demands for the services provided by members of the association, the directors have made the decision to seek outside assistance.
Virtual assistants…
Virtual Assistants Become a Little Less Virtual
Toronto, Canada … North American Virtual Assistants and particularly Canadian VA’s have never before had the opportunity to meet and exchange views in this kind of forum and on Canadian soil. Barb Lang, a Toronto based Virtual Assistant specializing in Event Planning, saw a need for new and seasoned VA’s to meet in person in order to exchange ideas and business expertise in a mastermind / workshop type event.…
