Global Virtual Power Plant Market Analysis & Trends - Industry Forecast to 2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,200	200 Pages	Accuray Research LLP	July, 2024	AGLP19014080

Best Price Guarantee
Price	from $4,200
Length	200 Pages
Publisher	Accuray Research LLP
Published Date	July, 2024
SKU	AGLP19014080

Global Virtual Power Plant Market Analysis & Trends - Industry Forecast to 2030

Virtual Power Plant: Market Size

From $92.34 billion in 2024, the global Virtual Power Plant market is projected to reach $294.15 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 21.3 from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include, growing penetration for renewable energy, growing demand for power through a reliable power source and the need for aggregation of distributed electricity.

Global Virtual Power Plant Market: Market Dynamics

The growing regulatory initiatives and cost-competitiveness for solar generation for the deployment of energy storage systems are anticipated to tend the demand for virtual power plants during the projected period. Increasing awareness about the benefits of renewable power has surged the demand for renewable sources in the past few decades. In the power generation sector the significant rise in the demand for non-conventional energy and changes in dynamics of power grids from centralized to distributed and easy convenience of energy storage drive the development of the virtual power plant market due to its regulating costs. Furthermore the easy accessibility of energy storage will contribute to the increase in the market demand.

For instance, Statkraft's virtual power plant in Germany is the biggest and the first of its kind in Europe. It generates a total of more than 10,000 MW of electricity, which is equivalent to 10 nuclear reactors.

On the other hand, the inadequate infrastructure is likely to obstruct the profit boundaries. In addition rising demand for electric vehicles and development of smart grids will further boost for the virtual power plant market.

Impact of COVID-19 on Virtual Power Plant

The COVID-19 pandemic has caused a substantial drop in freight and electricity prices for many networks around the globe and due to the imposition of lockdown investments in energy grid have been projects declined. Even so, renewable energy production has remained unchanged, amid the coronavirus lockdown. Moreover, power generation from thermal sources has seen a drop in electricity demand and prices for most of the networks amid the lockdown. Frankfurt School-UNEP institution had suggested that the pandemic is a golden opportunity for governments to prioritize spending on clean energy sources and make them an integral part of their post-coronavirus recovery packages. As the lockdown got uplifted, many countries governments have started to reconsider its focus on renewable energy sources. Therefore, the market is likely to grow due to the surge in funding to develop energy infrastructure.

By Technology

Demand Response Segment Dominate the Market in 2024

The demand response segment made huge revenue in 2024 and growing its prominence during the forecast period owing to the increasing investments in demand-response solutions. Due to their ability to improve the energy efficiency of the grid and their lasting benefits for end-users the demand response segment has huge growth. Demand response programs provide benefits such as peak load management and the possibility of earning incentives.

By Geography

Asia Pacific Region is Leading in the Global Market Place

The Asia Pacific is likely to have a huge demand in the forecast period owing to the massive potential of renewable energy, coupled with rapidly developing residential & commercial sectors and the surging need for decentralized power generation, which is projected to contribute to the regional market growth. Developing economies such as China and India are experiencing excessive energy demand. The deployment of smart metering, adoption of demand response, investments in energy storage and promotion of retail competition are expected to flourish in the electricity sector in the Asia Pacific region.

List of the Key Players Profiled in the Market Include:

• ABB Ltd
• Cisco Systems, Inc.
• General Electric Company
• Hitachi, Ltd.
• International Business Machines Corporation
• Robert Bosch GmbH
• Schneider Electric SE
• Blue Pillar, Inc.
• Siemens AG
• Autogrid Systems, Inc.
• Novartis AG
• Samsung Heavy Industries Co.
• Generac Holdings Inc.
• Flexitricity Ltd
• Limejump Ltd

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others

1 Market Outline: 1.1 Definition; 1.2 Market Segmentation & Scope; 1.3 Market Trends; 1.4 Regulatory Factors; 1.5 Application Analysis; 1.6 End User Analysis; 1.7 Strategic Benchmarking; 1.8 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source: 3.1 Methodology/Research Approach; 3.1.1 Research Programs/Design; 3.1.2 Market Size Estimation; 3.2 Data Source and Assumptions; 3.2.1Purchased Database; 3.2.2 Company Repository; 3.2.3 Secondary Sources; 3.2.4 Primary Research; 3.2.5 List of Assumptions
4 Market Overview: 4.1 Current Trends; 4.1.1 Rise in Aircraft Deliveries; 4.1.2 Increasing Focus on Modernization of Air Traffic Management Infrastructure; 4.1.3 Digitalization in Air Traffic Management; 4.1.4 Growth Opportunities/Investment Opportunities; 4.2 Drivers; 4.3 Constraints; 4.4 Impact of COVID-19
5 Market Factor Analysis: 5.1 Porters Five Forces; 5.1.1 Bargaining power of suppliers; 5.1.2 Bargaining power of buyers; 5.1.3 Threat of substitutes; 5.1.4 Threat of new entrants; 5.1.5 Competitive rivalry; 5.2 Value Chain Analysis/Supply Chain Analysis
6 Consumer behaviour analysis/Consumer Research: 6.1 Consumer trends and preferences; 6.2 Factors affecting buying decision; 6.3 Consumer product adoption; 6.4 Observation & Recommendations
7 Remote Towers Market, By System Type: 7.1 Network Solutions; DATA TABLE Network Solutions Market Forecast to 2030 (US$ MN); 7.2 Remote Tower Modules (Remote Tower Communication Technology); DATA TABLE Remote Tower Modules (Remote Tower Communication Technology) Market Forecast to 2030 (US$ MN); 7.3 Airport Equipment; DATA TABLE Airport Equipment Market Forecast to 2030 (US$ MN)
8 Remote Towers Market, By Application: 8.1 Surveillance; DATA TABLE Surveillance Market Forecast to 2030 (US$ MN); 8.2 Flight Data Handling; DATA TABLE Flight Data Handling Market Forecast to 2030 (US$ MN); 8.3 Visualization; DATA TABLE Visualization Market Forecast to 2030 (US$ MN); 8.4 Communication; DATA TABLE Communication Market Forecast to 2030 (US$ MN); 8.5 Information & Control; DATA TABLE Information & Control Market Forecast to 2030 (US$ MN)
9 Remote Towers Market, By Operation: 9.1 Contingency; DATA TABLE Contingency Market Forecast to 2030 (US$ MN); 9.2 Single; DATA TABLE Single Market Forecast to 2030 (US$ MN); 9.3 Multiple; DATA TABLE Multiple Market Forecast to 2030 (US$ MN); 9.3.1 Sequential; DATA TABLE Sequential Market Forecast to 2030 (US$ MN); 9.3.2 Simultaneous; DATA TABLE Simultaneous Market Forecast to 2030 (US$ MN)
10 Remote Towers Market, By End User: 10.1 Civil Airports; DATA TABLE Civil Airports Market Forecast to 2030 (US$ MN); 10.2 Military Airports; DATA TABLE Military Airports Market Forecast to 2030 (US$ MN)
11 Remote Towers Market, By Geography: 11.1 North America; DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN); 11.1.1 US; 11.1.2 Canada; 11.1.3 Mexico; 11.2 Europe; DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN); 11.2.1 Germany; 11.2.2 U.K; 11.2.3 Italy; 11.2.4 France; 11.2.5 Spain; 11.2.6 Rest of Europe; 11.3 Asia Pacific; DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN); 11.3.1 China; 11.3.2 Japan; 11.3.3 India; 11.3.4 Australia; 11.3.5 New Zealand; 11.3.6 Rest of Asia Pacific; 11.4 Middle East; DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN); 11.4.1 Saudi Arabia; 11.4.2 UAE; 11.4.3 Rest of Middle East; 11.5 Latin America; DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN); 11.5.1 Argentina; 11.5.2 Brazil; 11.5.3 Rest of Latin America; 11.6 Rest of the World (RoW); DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN); 11.6.1 South Africa; 11.6.2 Others
12 Key Player Activities: 12.1 Acquisitions & Mergers; 12.2 Agreements, Partnerships, Collaborations and Joint Ventures; 12.3 Product Launch & Expansions; 12.4 Other Activities
13 Leading Companies: 13.1 L3Harris Technologies, Inc.; 13.2 Lockheed Martin Corporation; 13.3 Thales Group; 13.4 Saab AB; 13.5 Northrop Grumman Corporation; 13.6 Leonardo S.p.A; 13.7 Raytheon Company; 13.8 Searidge Technologies; 13.9 Indra Sistemas, S.A.; 13.10 Frequentis Group
List of Tables: Table 1 Global Remote Towers Market By Region, Market Forecast (2022-2030) (US $MN); Table 2 Global Remote Towers Market By System Type, Market Forecast (2022-2030) (US $MN); Table 3 Global Remote Towers Market By Network Solutions, Market Forecast (2022-2030) (US $MN); Table 4 Global Remote Towers Market By Remote Tower Modules (Remote Tower Communication Technology), Market Forecast (2022-2030) (US $MN); Table 5 Global Remote Towers Market By Airport Equipment, Market Forecast (2022-2030) (US $MN); Table 6 Global Remote Towers Market By Application, Market Forecast (2022-2030) (US $MN); Table 7 Global Remote Towers Market By Surveillance, Market Forecast (2022-2030) (US $MN); Table 8 Global Remote Towers Market By Flight Data Handling, Market Forecast (2022-2030) (US $MN); Table 9 Global Remote Towers Market By Visualization, Market Forecast (2022-2030) (US $MN); Table 10 Global Remote Towers Market By Communication, Market Forecast (2022-2030) (US $MN); Table 11 Global Remote Towers Market By Information & Control, Market Forecast (2022-2030) (US $MN); Table 12 Global Remote Towers Market By Operation, Market Forecast (2022-2030) (US $MN); Table 13 Global Remote Towers Market By Contingency, Market Forecast (2022-2030) (US $MN); Table 14 Global Remote Towers Market By Single, Market Forecast (2022-2030) (US $MN); Table 15 Global Remote Towers Market By Multiple, Market Forecast (2022-2030) (US $MN); Table 16 Global Remote Towers Market By Sequential, Market Forecast (2022-2030) (US $MN); Table 17 Global Remote Towers Market By Simultaneous, Market Forecast (2022-2030) (US $MN); Table 18 Global Remote Towers Market By End User, Market Forecast (2022-2030) (US $MN); Table 19 Global Remote Towers Market By Civil Airports, Market Forecast (2022-2030) (US $MN); Table 20 Global Remote Towers Market By Military Airports, Market Forecast (2022-2030) (US $MN); Table 21 North America Remote Towers Market By Country, Market Forecast (2022-2030) (US $MN); Table 22 North America Remote Towers Market By System Type, Market Forecast (2022-2030) (US $MN); Table 23 North America Remote Towers Market By Network Solutions, Market Forecast (2022-2030) (US $MN); Table 24 North America Remote Towers Market By Remote Tower Modules (Remote Tower Communication Technology), Market Forecast (2022-2030) (US $MN); Table 25 North America Remote Towers Market By Airport Equipment, Market Forecast (2022-2030) (US $MN); Table 26 North America Remote Towers Market By Application, Market Forecast (2022-2030) (US $MN); Table 27 North America Remote Towers Market By Surveillance, Market Forecast (2022-2030) (US $MN); Table 28 North America Remote Towers Market By Flight Data Handling, Market Forecast (2022-2030) (US $MN); Table 29 North America Remote Towers Market By Visualization, Market Forecast (2022-2030) (US $MN); Table 30 North America Remote Towers Market By Communication, Market Forecast (2022-2030) (US $MN); Table 31 North America Remote Towers Market By Information & Control, Market Forecast (2022-2030) (US $MN); Table 32 North America Remote Towers Market By Operation, Market Forecast (2022-2030) (US $MN); Table 33 North America Remote Towers Market By Contingency, Market Forecast (2022-2030) (US $MN); Table 34 North America Remote Towers Market By Single, Market Forecast (2022-2030) (US $MN); Table 35 North America Remote Towers Market By Multiple, Market Forecast (2022-2030) (US $MN); Table 36 North America Remote Towers Market By Sequential, Market Forecast (2022-2030) (US $MN); Table 37 North America Remote Towers Market By Simultaneous, Market Forecast (2022-2030) (US $MN); Table 38 North America Remote Towers Market By End User, Market Forecast (2022-2030) (US $MN); Table 39 North America Remote Towers Market By Civil Airports, Market Forecast (2022-2030) (US $MN); Table 40 North America Remote Towers Market By Military Airports, Market Forecast (2022-2030) (US $MN); Table 41 Europe Remote Towers Market By Country, Market Forecast (2022-2030) (US $MN); Table 42 Europe Remote Towers Market By System Type, Market Forecast (2022-2030) (US $MN); Table 43 Europe Remote Towers Market By Network Solutions, Market Forecast (2022-2030) (US $MN); Table 44 Europe Remote Towers Market By Remote Tower Modules (Remote Tower Communication Technology), Market Forecast (2022-2030) (US $MN); Table 45 Europe Remote Towers Market By Airport Equipment, Market Forecast (2022-2030) (US $MN); Table 46 Europe Remote Towers Market By Application, Market Forecast (2022-2030) (US $MN); Table 47 Europe Remote Towers Market By Surveillance, Market Forecast (2022-2030) (US $MN); Table 48 Europe Remote Towers Market By Flight Data Handling, Market Forecast (2022-2030) (US $MN); Table 49 Europe Remote Towers Market By Visualization, Market Forecast (2022-2030) (US $MN); Table 50 Europe Remote Towers Market By Communication, Market Forecast (2022-2030) (US $MN); Table 51 Europe Remote Towers Market By Information & Control, Market Forecast (2022-2030) (US $MN); Table 52 Europe Remote Towers Market By Operation, Market Forecast (2022-2030) (US $MN); Table 53 Europe Remote Towers Market By Contingency, Market Forecast (2022-2030) (US $MN); Table 54 Europe Remote Towers Market By Single, Market Forecast (2022-2030) (US $MN); Table 55 Europe Remote Towers Market By Multiple, Market Forecast (2022-2030) (US $MN); Table 56 Europe Remote Towers Market By Sequential, Market Forecast (2022-2030) (US $MN); Table 57 Europe Remote Towers Market By Simultaneous, Market Forecast (2022-2030) (US $MN); Table 58 Europe Remote Towers Market By End User, Market Forecast (2022-2030) (US $MN); Table 59 Europe Remote Towers Market By Civil Airports, Market Forecast (2022-2030) (US $MN); Table 60 Europe Remote Towers Market By Military Airports, Market Forecast (2022-2030) (US $MN); Table 61 Asia Pacific Remote Towers Market By Country, Market Forecast (2022-2030) (US $MN); Table 62 Asia Pacific Remote Towers Market By System Type, Market Forecast (2022-2030) (US $MN); Table 63 Asia Pacific Remote Towers Market By Network Solutions, Market Forecast (2022-2030) (US $MN); Table 64 Asia Pacific Remote Towers Market By Remote Tower Modules (Remote Tower Communication Technology), Market Forecast (2022-2030) (US $MN); Table 65 Asia Pacific Remote Towers Market By Airport Equipment, Market Forecast (2022-2030) (US $MN); Table 66 Asia Pacific Remote Towers Market By Application, Market Forecast (2022-2030) (US $MN); Table 67 Asia Pacific Remote Towers Market By Surveillance, Market Forecast (2022-2030) (US $MN); Table 68 Asia Pacific Remote Towers Market By Flight Data Handling, Market Forecast (2022-2030) (US $MN); Table 69 Asia Pacific Remote Towers Market By Visualization, Market Forecast (2022-2030) (US $MN); Table 70 Asia Pacific Remote Towers Market By Communication, Market Forecast (2022-2030) (US $MN); Table 71 Asia Pacific Remote Towers Market By Information & Control, Market Forecast (2022-2030) (US $MN); Table 72 Asia Pacific Remote Towers Market By Operation, Market Forecast (2022-2030) (US $MN); Table 73 Asia Pacific Remote Towers Market By Contingency, Market Forecast (2022-2030) (US $MN); Table 74 Asia Pacific Remote Towers Market By Single, Market Forecast (2022-2030) (US $MN); Table 75 Asia Pacific Remote Towers Market By Multiple, Market Forecast (2022-2030) (US $MN); Table 76 Asia Pacific Remote Towers Market By Sequential, Market Forecast (2022-2030) (US $MN); Table 77 Asia Pacific Remote Towers Market By Simultaneous, Market Forecast (2022-2030) (US $MN); Table 78 Asia Pacific Remote Towers Market By End User, Market Forecast (2022-2030) (US $MN); Table 79 Asia Pacific Remote Towers Market By Civil Airports, Market Forecast (2022-2030) (US $MN); Table 80 Asia Pacific Remote Towers Market By Military Airports, Market Forecast (2022-2030) (US $MN); Table 81 Middle East Remote Towers Market By Country, Market Forecast (2022-2030) (US $MN); Table 82 Middle East Remote Towers Market By System Type, Market Forecast (2022-2030) (US $MN); Table 83 Middle East Remote Towers Market By Network Solutions, Market Forecast (2022-2030) (US $MN); Table 84 Middle East Remote Towers Market By Remote Tower Modules (Remote Tower Communication Technology), Market Forecast (2022-2030) (US $MN); Table 85 Middle East Remote Towers Market By Airport Equipment, Market Forecast (2022-2030) (US $MN); Table 86 Middle East Remote Towers Market By Application, Market Forecast (2022-2030) (US $MN); Table 87 Middle East Remote Towers Market By Surveillance, Market Forecast (2022-2030) (US $MN); Table 88 Middle East Remote Towers Market By Flight Data Handling, Market Forecast (2022-2030) (US $MN); Table 89 Middle East Remote Towers Market By Visualization, Market Forecast (2022-2030) (US $MN); Table 90 Middle East Remote Towers Market By Communication, Market Forecast (2022-2030) (US $MN); Table 91 Middle East Remote Towers Market By Information & Control, Market Forecast (2022-2030) (US $MN); Table 92 Middle East Remote Towers Market By Operation, Market Forecast (2022-2030) (US $MN); Table 93 Middle East Remote Towers Market By Contingency, Market Forecast (2022-2030) (US $MN); Table 94 Middle East Remote Towers Market By Single, Market Forecast (2022-2030) (US $MN); Table 95 Middle East Remote Towers Market By Multiple, Market Forecast (2022-2030) (US $MN); Table 96 Middle East Remote Towers Market By Sequential, Market Forecast (2022-2030) (US $MN); Table 97 Middle East Remote Towers Market By Simultaneous, Market Forecast (2022-2030) (US $MN); Table 98 Middle East Remote Towers Market By End User, Market Forecast (2022-2030) (US $MN); Table 99 Middle East Remote Towers Market By Civil Airports, Market Forecast (2022-2030) (US $MN); Table 100 Middle East Remote Towers Market By Military Airports, Market Forecast (2022-2030) (US $MN); Table 101 Latin America Remote Towers Market By Country, Market Forecast (2022-2030) (US $MN); Table 102 Latin America Remote Towers Market By System Type, Market Forecast (2022-2030) (US $MN); Table 103 Latin America Remote Towers Market By Network Solutions, Market Forecast (2022-2030) (US $MN); Table 104 Latin America Remote Towers Market By Remote Tower Modules (Remote Tower Communication Technology), Market Forecast (2022-2030) (US $MN); Table 105 Latin America Remote Towers Market By Airport Equipment, Market Forecast (2022-2030) (US $MN); Table 106 Latin America Remote Towers Market By Application, Market Forecast (2022-2030) (US $MN); Table 107 Latin America Remote Towers Market By Surveillance, Market Forecast (2022-2030) (US $MN); Table 108 Latin America Remote Towers Market By Flight Data Handling, Market Forecast (2022-2030) (US $MN); Table 109 Latin America Remote Towers Market By Visualization, Market Forecast (2022-2030) (US $MN); Table 110 Latin America Remote Towers Market By Communication, Market Forecast (2022-2030) (US $MN); Table 111 Latin America Remote Towers Market By Information & Control, Market Forecast (2022-2030) (US $MN); Table 112 Latin America Remote Towers Market By Operation, Market Forecast (2022-2030) (US $MN); Table 113 Latin America Remote Towers Market By Contingency, Market Forecast (2022-2030) (US $MN); Table 114 Latin America Remote Towers Market By Single, Market Forecast (2022-2030) (US $MN); Table 115 Latin America Remote Towers Market By Multiple, Market Forecast (2022-2030) (US $MN); Table 116 Latin America Remote Towers Market By Sequential, Market Forecast (2022-2030) (US $MN); Table 117 Latin America Remote Towers Market By Simultaneous, Market Forecast (2022-2030) (US $MN); Table 118 Latin America Remote Towers Market By End User, Market Forecast (2022-2030) (US $MN); Table 119 Latin America Remote Towers Market By Civil Airports, Market Forecast (2022-2030) (US $MN); Table 120 Latin America Remote Towers Market By Military Airports, Market Forecast (2022-2030) (US $MN); Table 121 Rest of the World (RoW) Remote Towers Market By Country, Market Forecast (2022-2030) (US $MN); Table 122 Rest of the World (RoW) Remote Towers Market By System Type, Market Forecast (2022-2030) (US $MN); Table 123 Rest of the World (RoW) Remote Towers Market By Network Solutions, Market Forecast (2022-2030) (US $MN); Table 124 Rest of the World (RoW) Remote Towers Market By Remote Tower Modules (Remote Tower Communication Technology), Market Forecast (2022-2030) (US $MN); Table 125 Rest of the World (RoW) Remote Towers Market By Airport Equipment, Market Forecast (2022-2030) (US $MN); Table 126 Rest of the World (RoW) Remote Towers Market By Application, Market Forecast (2022-2030) (US $MN); Table 127 Rest of the World (RoW) Remote Towers Market By Surveillance, Market Forecast (2022-2030) (US $MN); Table 128 Rest of the World (RoW) Remote Towers Market By Flight Data Handling, Market Forecast (2022-2030) (US $MN); Table 129 Rest of the World (RoW) Remote Towers Market By Visualization, Market Forecast (2022-2030) (US $MN); Table 130 Rest of the World (RoW) Remote Towers Market By Communication, Market Forecast (2022-2030) (US $MN); Table 131 Rest of the World (RoW) Remote Towers Market By Information & Control, Market Forecast (2022-2030) (US $MN); Table 132 Rest of the World (RoW) Remote Towers Market By Operation, Market Forecast (2022-2030) (US $MN); Table 133 Rest of the World (RoW) Remote Towers Market By Contingency, Market Forecast (2022-2030) (US $MN); Table 134 Rest of the World (RoW) Remote Towers Market By Single, Market Forecast (2022-2030) (US $MN); Table 135 Rest of the World (RoW) Remote Towers Market By Multiple, Market Forecast (2022-2030) (US $MN); Table 136 Rest of the World (RoW) Remote Towers Market By Sequential, Market Forecast (2022-2030) (US $MN); Table 137 Rest of the World (RoW) Remote Towers Market By Simultaneous, Market Forecast (2022-2030) (US $MN); Table 138 Rest of the World (RoW) Remote Towers Market By End User, Market Forecast (2022-2030) (US $MN); Table 139 Rest of the World (RoW) Remote Towers Market By Civil Airports, Market Forecast (2022-2030) (US $MN); Table 140 Rest of the World (RoW) Remote Towers Market By Military Airports, Market Forecast (2022-2030) (US $MN)