Global Virtual Power Plants Strategic Business Report 2023: Market to Reach $3.7 Billion by 2030 - Growing Digitalization of Energy to Further Spur the Rise of VPPs - ResearchAndMarkets.com

×

Error message

  • Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
  • Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).

The "Virtual Power Plants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, October 19, 2023
Information
Tags: 
Alternative Energy, Energy, Utilities, Rise, Pandemic, Renewable energy industry, Energy industry, Plant, Distributed generation, Green affordable housing, Period, Post, Investment, Launch pad, Goldmine, Witness, Virtual power plant, Digital transformation, Backdrop, VPP, Siemens Energy Sector, COVID-19, Civilization, New Normal, Renewable energy, Blockchain, Cornerstone, Cryptocurrency, Pet industry, Video game, Growth
Geotags: 
LATIN AMERICA, US, JAPAN, INDIA, GERMANY, CHINA, NORTH AMERICA, CANADA, EUROPE
⚠ generated by AI ↴
Organisation: 
RESEARCH AND MARKETS, RESEARCHANDMARKETS.COM
Summary
Key Points: 
  • The "Virtual Power Plants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global market for Virtual Power Plants estimated at US$556.1 Million in the year 2022, is projected to reach a revised size of US$3.7 Billion by 2030, growing at a CAGR of 26.5% over the analysis period 2022-2030.
  • Demand Response, one of the segments analyzed in the report, is projected to record 26.2% CAGR and reach US$2.8 Billion by the end of the analysis period.
  • Growth in the Distributed Generation segment is estimated at 24.5% CAGR for the next 8-year period.


The "Virtual Power Plants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Virtual Power Plants Market to Reach $3.7 Billion by 2030

The global market for Virtual Power Plants estimated at US$556.1 Million in the year 2022, is projected to reach a revised size of US$3.7 Billion by 2030, growing at a CAGR of 26.5% over the analysis period 2022-2030.

Demand Response, one of the segments analyzed in the report, is projected to record 26.2% CAGR and reach US$2.8 Billion by the end of the analysis period. Growth in the Distributed Generation segment is estimated at 24.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $323.5 Million, While China is Forecast to Grow at 33.7% CAGR

The Virtual Power Plants market in the U.S. is estimated at US$323.5 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$231.2 Million by the year 2030 trailing a CAGR of 33.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.1% and 25.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 26.4% CAGR.

What's New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

  • Virtual Power Plants - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Growing Investments in Energy Infrastructure: The Cornerstone for Growth in the Market
  • Growing Investments in Energy Infrastructure Provides a Launch Pad for the Rise & Proliferation of VPPs: Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • How the Energy Industry is Impacted by the Pandemic & What's the New Normal?
  • Global Energy Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Global Utilities Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Beyond the Current Challenges, the Pandemic Will Fuel Our Energy Transition
  • Global Clean Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Virtual Power Plants (VPPs): Meaning, Importance, Functioning & Benefits
  • Recent Market Activity
  • Innovations

MARKET TRENDS & DRIVERS

  • Distributed Energy Generation: A Key Energy Transformation Goal & Foundation for the Rise of the Concept of Virtual Power Plants (VPPs)
  • Role of Virtual Power Plants (VPP) in a Decentralized Power Grid
  • Growing Value of Demand Response (DR) Throws the Focus on VPPs as an Effective Tool to Achieve DR Goals
  • Rise of Smart Cities & Smart Grids Bodes Well for Increased Investments in VPPs
  • Smart Cities Get a COVID-19 Boost
  • Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending on Smart City Projects in the Post COVID-19 Period, Providing a Goldmine of Opportunities for VPPs: Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
  • Smart Grid: A Critical Part of Energy Infrastructure in Smart Cities & a Strong Business Case for VPPs
  • Global Smart Grid Market Opportunity (In US$ Billion) for Years 2021, 2023 & 2024
  • Growing Digitalization of Energy to Further Spur the Rise of VPPs
  • COVID-19 Fast-Forwards Digital Revolution Across Industries
  • Over 60% of Companies in North America, Europe & Asia Expect to Witness Higher Velocity of Change in Digital Transformation During the Years 2020 through 2023: Global Digital Transformation Growth (In %)
  • Special Focus on Energy Digitalization
  • Global Opportunities for Digital Technologies in the Energy Industry by Segment (In US$ Billion)
  • IoT Makes Electricity Generation Efficient, Affordable and Sustainable: Global IoT in Energy Market (In US$ Billion) for the Years 2019, 2021, 2023, 2025 & 2026
  • Optimal Management of Renewable Energy Sources Throws the Spotlight on VPPs
  • Rise of Renewables Throws the Spotlight on VPPs: Global Projected Net Capacity Additions of Renewable Energy (In GW) for the Period 2019 to 2024
  • Growing Share of Renewables Against the Backdrop of the Focus on Decarbonization of Human Civilization to Open New Opportunities for VPPs: World Energy Production (In Billion Kilowatt Hours) by Energy Source for the Years 2020, 2030 and 2040
  • Concept of Blockchain-Based Decentralized Virtual Power Plants Gains Momentum & Preeminence
  • Global Market for Blockchain Technology in the Energy Sector (In US$ Billion) for Years 2020, 2022, 2024 & 2026
  • Rise in Energy Trading to Benefit Market Growth

FOCUS ON SELECT PLAYERS (Total 40 Featured)

  • IBM Corporation
  • Siemens AG
  • General Electric Company
  • Schneider Electric SE
  • Open Access Technology International, Inc.
  • Enel X North America, Inc.
  • ENBALA Power Networks, Inc.
  • EnBW Energie Baden-Wuerttemberg AG
  • Advanced Microgrid Solutions (AMS)
  • Blue Pillar, Inc.
  • Power Analytics Corporation
  • AGL Energy Ltd.
  • Energy Pool Developpement SAS
  • Power Technology Engineered Solutions
  • Equiwatt

For more information about this report visit https://www.researchandmarkets.com/r/19feov

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Copyright: 
Copyright Business Wire 2023