The virtual power plant market is expected to grow at a CAGR of 29.68% from 2016 to 2021, to reach a market size of USD 709.2 million by 2021. Major drivers of the virtual power plant include growth in smart grid, increasing share of renewable energy in the power generation mix and lowering costs for solar and energy storage.
Browse 66 market data tables and 32 figures spread through 144 pages and in-depth TOC on "Virtual Power Plant Market by Enabling Technology (Demand Response, Distributed Generation, and Mixed Asset), End-Use Customer (Commercial & Industrial, and Residential), and by Region - Global Trends & Forecasts to 2021"
https://www.marketsandmarkets.com/Market-Reports/virtual-power-plant-market-173730863.html
Early buyers will receive 10% customization on reports.
The virtual power plant market is dominated by a few major players that have a wide regional presence and are established brand names. Leading integrated solution providers in the virtual power plant market include ABB Ltd. (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (U.S.) and IBM (U.S.) whereas top demand aggregators include EnerNOC, Inc. (U.S.), Comverge, Inc. (U.S.), Flexitricity (U.K.), Limejump Ltd. (U.K.) and Enbala Power Networks (Canada).
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownload.asp?id=173730863
Asia-Pacific is estimated to be the fastest growing market for virtual power plants from 2016 to 2021. The rapid industrialization of its economies has led to over increasing power demand. Also, there has been an increasing demand for renewable energy in order to reduce carbon emissions. Therefore, the countries in Asia-Pacific are looking at renewable energy generation in a way to meet its energy needs at affordable costs and minimum environmental damage and hence driving the market for virtual power plant. South Korea is expected to grow at the fastest pace during the forecast period. Furthermore, the growing power sector in India is expected to spur the growth of the market, and represents a promising opportunity for major virtual power plant solution providers. Japan is also expected to witness significant growth during the same period. On the other hand, Europe and North America are trying to boost their energy efficiency programs with stringent regulations.
With regard to the technology segment, mixed asset are expected to constitute the fastest growing market from 2016 to 2021. They include multiple technologies such as solar power, battery storage, and energy efficiency systems which helps in reducing the energy consumption, supply clean power and also witnessing increase in demand as they are more efficient. This would cater the needs of residential as well as commercial end users and encourage them to save energy and also use the stored power when the electricity charges are at its peak.
Ask sample Copy @
https://www.marketsandmarkets.com/requestsample.asp?id=173730863
Objectives of the Study
• To define and segment the virtual power plant market with respect to technology, end-user, and region
• To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the virtual power plant market with respect to individual growth trends, future expansions, and contribution to the market
• To analyze market opportunities for stakeholders, and details of a competitive landscape for market leaders
• To forecast the growth of the virtual power plant market with respect to the major regions (Asia-Pacific, Europe, North America, and Rest of the World)
• To strategically profile key players, and comprehensively analyze their market ranking and core competencies
• To analyze competitive developments such as new product launches, mergers & acquisitions, expansions, and supply contracts in the virtual power plant market
The report segments the virtual power plant market in terms of end-user segment into commercial & industrial and residential. The residential segment is expected to grow at the fastest rate during the forecast period. Virtual power plants are implemented in residential homes as well as commercial buildings such as hospitals, educational institutions, office towers, universities, municipal projects, among others in order to save energy, reduce life cycle costs and increase efficiency. Hence, the virtual power plant are experiencing huge demand for clean power generation and less environmental damage along with maintaining energy costs. Market players such as EnerNOC, Comverge, Flexitricity Ltd, among others can expand their customer base by gaining contracts from utilities, residential, industrial, and commercial customers to provide solutions such as demand response management programs and services, energy efficiency programs and energy intelligence software.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
