Global Virtual Power Plant Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Virtual Power Plant Market 2024 by Company, Regions, Type and Application, Forecast to 2030

A virtual power plant (VPP) is a cloud-based distributed power plant that aggregates the capacities of heterogeneous distributed energy resources (DER) for the purposes of enhancing power generation, as well as trading or selling power on the electricity market. A Virtual Power Plant (VPP) is an aggregated portfolio of Distributed Energy Resources and Controllable Loads into energy blocks which can be used to participate in Energy Markets and offer Services to the System Operator.

According to our (Global Info Research) latest study, the global Virtual Power Plant market size was valued at US$ 1092 million in 2023 and is forecast to a readjusted size of USD 4890 million by 2030 with a CAGR of 23.6% during review period.

Global core virtual power plant manufacturers include Generac (Enbala), Schneider Electric (AutoGrid), Siemens, GE Digital Energy, ABB, etc. The top 5 companies hold a share about 55%. Europe is the largest market, with a share over 51%, followed by North America and China, with share about 21% and 14%. In terms of product type, FM Model is the largest segment with a share of 53%. And in terms of application, the largest application is commercial, occupied for 44 percent.

This report is a detailed and comprehensive analysis for global Virtual Power Plant market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Virtual Power Plant market size and forecasts, in consumption value ($ Million), 2019-2030

Global Virtual Power Plant market size and forecasts by region and country, in consumption value ($ Million), 2019-2030

Global Virtual Power Plant market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030

Global Virtual Power Plant market shares of main players, in revenue ($ Million), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Virtual Power Plant

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Virtual Power Plant market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ørsted, Duke Energy, RWE, Enbala, Bosch, GE Digital Energy, EnerNOC, Schneider Electric（AutoGrid）, Siemens, Viridity Energy, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market segmentation

Virtual Power Plant market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation

Virtual Power Plant market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
OC Model
FM Model

Market segment by Application
Commercial
Industrial
Residential

Market segment by players, this report covers
Ørsted
Duke Energy
RWE
Enbala
Bosch
GE Digital Energy
EnerNOC
Schneider Electric（AutoGrid）
Siemens
Viridity Energy

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Virtual Power Plant product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Virtual Power Plant, with revenue, gross margin, and global market share of Virtual Power Plant from 2019 to 2024.

Chapter 3, the Virtual Power Plant competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Virtual Power Plant market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Virtual Power Plant.

Chapter 13, to describe Virtual Power Plant research findings and conclusion.