Global Virtual Power Plants Strategic Business Report 2023-2030: Concept of Blockchain-Based Decentralized Virtual Power Plants Gains Momentum & Preeminence

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Oct 17, 2023, 06:00 ET

DUBLIN, Oct. 17, 2023 /PRNewswire/ -- 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

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/2ursl2

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