Alterations in dynamics of power grids from centralized to distributed, increase in demand for renewable energy in the power generation sector, and easy accessibility and moderating costs of energy storage are some of the factors driving the growth of the virtual power plant market. Health safety worries regarding EMF (electromagnetic frequency) and RF (radio frequency) exposure, Cybersecurity issues associated with the energy sector are some of the factors restraining the growth of the virtual power plant market. Moreover, the virtual power plant market size is increased by lowering the costs for solar and energy storage and a rising share of renewable energy in the power generation mix.
Leading Virtual Power Plant Market Players:
ABB, Ltd., Autogrid Systems, Inc., Blue Pillar, Cisco Systems, Inc., Comverge, Cpower Energy Management, Enbala Power Networks, Inc., Enernoc, Inc, Flexitricity Limited, Hitachi, Ltd.
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Virtual Power Plant (VPP) denotes a cluster of small-scale generators, such as power (CHP) units and combined heat, backup generator sets, and biogas plants, which individually act as a single large power plant. The purpose of the virtual power plant is to integrate renewable energy units into present systems. It provides flexibility coming from all connected groups. Moreover, a virtual power plant contains power traders that can utilize live data to advance forecasting and trading of renewable energies – the dispersed nature of the energy resources grades in lower cost, less financial and political risk. The dependency of the distributed system is improved by the virtual power plant.
The “Global Virtual Power Plant Market Analysis to 2027” is a specialized and in-depth study of the Virtual power plant market with a special focus on the global market trend analysis. The report aims to provide an overview of Virtual power plant market with detailed market segmentation by technology, end user. The global Virtual power plant market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Virtual power plant market players and offers key trends and opportunities in the Virtual power plant market.
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The report analyzes factors affecting Virtual power plant market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Virtual power plant market in these regions.
Reason to Buy
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Virtual Power Plant Market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Virtual Power Plant Market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Table of Content:
Market Overview
Competition Analysis by Players
Company (Top Players) Profiles
Virtual Power Plant Market Size by Type and Application
US Market Status and Outlook
EU Development Market Status and Outlook
Japan Market Development Status and Outlook
China Market Status and Outlook
India Virtual Power Plant Market Status and Outlook
Southeast Asia Market Status and Outlook
Market Forecast by Region, Type, and Application
Market Dynamics
Market Effect Factor Analysis
Research Finding/ Conclusion
Appendix
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