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Virtual Power Plant Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2020 to 2027

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Virtual Power Plant Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2020 to 2027

February 23
03:38 2021
The study methodologies used to examine the Virtual Power Plant market for the forecast period, 2020 – 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

The global virtual power plant market is expected to reach a market size of USD 3,724.2 million by 2028 at a relatively robust CAGR over the forecast period, according to latest analysis by Emergen Research. This growth can be attributed to factors such as increasing initiatives of various governments regarding adoption of renewable sources of energy, which is driving renewable power generation activities. Rapid urbanization and rising focus on decarbonization, along with the rapid digitalization trend, are other factors driving adoption of virtual power plants, and the trend is expected to continue during the forecast period. Increasing energy consumption is another factor driving demand for virtual power plants to monitor and increase production of energy from renewable sources. 

A conscious effort is made by the subject matter experts to analyse how some business owners succeed in maintaining a competitive edge while the others fail to do so makes the research interesting. A quick review of the realistic competitors makes the overall study a lot more interesting. Opportunities that are helping product owners’ size up their business further add value to the overall study.

You Can Download Free Sample PDF Copy of Virtual Power Plant Market at https://www.emergenresearch.com/request-sample/492

Key Highlights of Report

In December 2020, ABB entered into a strategic partnership with AFC Energy, which is a provider of hydrogen generation technology. The partnership was formed to manufacture next generation of high power electric vehicle charging solutions which are sustainable for grid-constrained locations.

The residential segment accounted for largest market share of 61.4% in 2019. Increasing adoption of new technologies such as smart meters, smart home appliances, and fully functional smart grids in the residential sector is driving growth of virtual power plants in the residential segment.

The demand response segment revenue is expected to expand at a rapid CAGR of 29.1% during the forecast period. Growing investments in demand response solutions due to the benefits provided by them, such as peak load management, is further contributing to increasing demand for demand response solutions.

North America accounted for largest revenue share contribution to the global virtual power plant market in 2019. Implementation of stringent government regulations regarding greenhouse gas emissions and the growing trend of green energy in countries in the region is boosting the utilization of virtual power plants in North America.

Key players in the market include ABB, AutoGrid Systems, Inc., Blue Pillar, Cisco systems, Inc., Cpower Energy Management, Enel X, General Electric, Hitachi, Ltd., IBM, and Next Kraftwerke.

You Can Download Free Sample PDF Copy of Virtual Power Plant Market at https://www.emergenresearch.com/request-sample/492

Emergen Research has segmented the global Virtual Power Plants market on the basis of interface, type, mode, end-users, and region:

End-use Outlook (Revenue, USD Million; 2021–2028)

Residential

Industrial and Commercial

Technology Outlook (Revenue, USD Million; 2021–2028)

Distributed Generation

Demand Response

Mixed Asset

Regional scope – North America; Europe; Asia Pacific; Central & South America; MEA

Key questions answered in the report

What will be the market size in terms of value and volume in the next five years?

Which segment is currently leading the market?

In which region will the market find its highest growth?

Which players will take the lead in the market?

What are the key drivers and restraints of the market’s growth?

All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Virtual Power Plant market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Virtual Power Plant market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

Read [email protected] https://www.emergenresearch.com/industry-report/virtual-power-plant-market

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Virtual Power Plant Market Segmentation & Impact Analysis

    4.1. Virtual Power Plant Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Growing adoption of medical marijuana for treatment of chronic diseases

                    4.2.2.2. Growing legalization of medical marijuana in various countries

          4.2.3. Market restraints analysis

                    4.2.3.1. Lower market access of marijuana due to absence of legalization programs

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Continued…

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Contact Person: Eric Lee
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City: Surrey
State: British Columbia
Country: Canada
Website: https://www.emergenresearch.com/industry-report/virtual-power-plant-market

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