Report Highlights
This report provides an overview of the global virtual power plant (VPP) market. The report segments global VPP market based on technology, end-user and region. It presents an analysis of the ESG sustainability developments in the VPP industry.
Report Includes
- An overview of the global markets for virtual power plants (VPPs)
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024 and 2027, and projections of compound annual growth rates (CAGRs) through 2028
- Discussions of the market potential for VPPs in the power generation industry, future trends and innovations, and forecasts for this market’s segments and sub-segments
- An estimate of the market size and revenue forecast, and a corresponding market share analysis by technology, end user and region
- A look at the sustainability trends and ESG developments in VPPs, with an emphasis on consumer attitudes, analysis of companies’ ESG scores and the ESG practices of leading companies
- An analysis of patents related to VPPs
- Insight into the industry structure, current competitive landscape, R&D activity, companies’ growth strategies, and company value share analysis
- A look at recent M&A activity and the outlook for venture funding
- Profiles of the leading global players
Report Scope
This report identifies the segments by technology, source end use and regional market development for the virtual power plant (VPP) market. It provides analysis of major countries’ markets, including the U.S., Canada, China, India and Germany, where the opportunities for increasing renewable power generation are most profitable.
This report also provides information on the leading companies’ product types, business footprints and revenues. It includes a list of other companies in the global and regional markets, along with their product-related information. Patent analysis for the VPP market, which represents a significant investment area for investors, is also included. The report includes a chapter on environmental, social and governance (ESG) developments and explores the competitive landscape. Market numbers have been derived for the newly added annual capacity of VPP, not the total installed capacity.
In this report, 2022 is considered the base year. Estimates are provided for 2023 and the market values are forecast through 2028. All market values are in the U.S. dollars.
Report Synopsis
| Report Metrics | Details | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2022 | ||||||||||||
| Forecast period considered | 2023-2028 | ||||||||||||
| Base year market size | $2.1 billion | ||||||||||||
| Market size forecast | $6.2 billion | ||||||||||||
| Growth rate | CAGR of 21.5% from 2023 to 2028 | ||||||||||||
| Units considered | $ Millions | ||||||||||||
| Segments covered | By Technology, End-User, and Region | ||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (Middle East & Africa and South America) | ||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing renewable energy usage in power generation boosts the global market.
- Increasing investments in adopting smart grids propel market growth.
- Increasing electricity demand worldwide is raising the VPPs market growth.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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