A recent report published by Infinium Global Research on virtual
power plant market provides an in-depth analysis of segments and sub-segments in
the global as well as regional virtual power plant market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional virtual power plant market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of global virtual power plant market. According to the report,
the global virtual power plant market is projected to grow at a CAGR of 26.3%
over the forecast period of 2019-2025.
Energy utilities are developing towards greater reliance on
flexibility to respond to an increasing supply and demand difference.
Distributed energy generation becomes a major trend in many countries. The fast
upward saturation of Distributed Energy Resources (DER) and the ongoing trend
towards a more competitive electricity market requires new technologies and
policies to handle both emerging technical and economic issues. In order to
handle distributed generation and to intensify its visibility within power
markets, numerous researchers use the idea of a virtual power plant (VPP). A
virtual power plant has an objective of releasing pressure on grids with the
help of intelligent power distribution during peak hours. Power traders can employ
the live data produced for improving trades and forecasts of renewable
Increasing demand for renewable energy in the power generation the sector is the major growth factor of the virtual power plant market.
Furthermore, the factors such as changes in the dynamic of power grids from
central to distributed and controlling costs and easy accessibility of energy
storage are also driving the growth of the market. The growing demand for power
through a reliable power source and the decreasing costs of solar generation
and energy storage is fueling the market growth. However, health concerns over
high-frequency human contact of electromagnetic and radio waves hinder the
potential of the market. Moreover, an emergent shift towards electric vehicles
and the development of smart grids are anticipated to provide growth
opportunities to the market players.
Geographically, Asia-Pacific dominates the global virtual power
plant market due to the growth in energy demand from developing countries.
North America is the second largest market for virtual power plant due to the
rise in emphasis on the utilization of renewable energy. The United States is
projected to drive the market and witness high demand for virtual power plant
owing to the expanding capacity of renewable power projects along with the
development of a smart grid network equipped with VPP technology in the country.
The report on global virtual power plant market covers segments
such as technology, and end user. On the basis of technology, the sub-markets
include distribution generation, demand response, and mixed asset. On the basis
of end user, the sub-markets include commercial, industrial, and residential.
The report provides profiles of the companies in the market such
as Siemens AG, ABB Ltd., Schneider Electric SE, EnerNOC, Inc., Comverge, Inc.,
Limejump, Flexitricity, AGL Energy, AutoGrid Systems, Inc., and other
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of virtual power
plant market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.