A virtual power plant (VPP) is a cloud-based distributed power plant that aggregates the capacities of heterogeneous distributed energy resources (DER) for the purposes of enhancing power generation, as well as trading or selling power on the electricity market.
On the basis of product type, FM Model represent the largest share of the worldwide Virtual Power Plant market, with 52% share. In the applications, Commercial segment is estimated to be the largest end-use industry segment of the market, with 38% share of global market. Europe holds the major share in the market, with a share of 56%.
– Table of Contents
– List of Tables & Figures
– Research Methodology
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Market Analysis and Insights: Global Virtual Power Plant (VPP) Market
The global Virtual Power Plant (VPP) market size is projected to reach US$ 2154.2 million by 2027, from US$ 485.8 million in 2020, at a CAGR of 23.7% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Virtual Power Plant (VPP) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Virtual Power Plant (VPP) market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Virtual Power Plant (VPP) market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Virtual Power Plant (VPP) market.
Global Virtual Power Plant (VPP) Scope and Market Size
Virtual Power Plant (VPP) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Virtual Power Plant (VPP) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
- OC Model
- FM Model
Segment by Application
- North America
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Asia
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
- Duke Energy
- GE Digital Energy
- Schneider Electric AutoGrid
- Viridity Energy
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