Dublin, Oct. 13, 2023 (GLOBE NEWSWIRE) — 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

Story continues

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/leq00x

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