Global Virtual Power Plant Market Growth (Status and Outlook) 2025-2031

Global Virtual Power Plant Market Growth (Status and Outlook) 2025-2031

The global Virtual Power Plant market size is predicted to grow from US$ 1304 million in 2025 to US$ 4991 million in 2031; it is expected to grow at a CAGR of 25.1% from 2025 to 2031.

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.

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.

LPI (LP Information)' newest research report, the “Virtual Power Plant Industry Forecast” looks at past sales and reviews total world Virtual Power Plant sales in 2024, providing a comprehensive analysis by region and market sector of projected Virtual Power Plant sales for 2025 through 2031. With Virtual Power Plant sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Virtual Power Plant industry.

This Insight Report provides a comprehensive analysis of the global Virtual Power Plant landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Virtual Power Plant portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Virtual Power Plant market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Virtual Power Plant and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Virtual Power Plant.

This report presents a comprehensive overview, market shares, and growth opportunities of Virtual Power Plant market by product type, application, key players and key regions and countries.

Segmentation by Type:
OC Model
FM Model

Segmentation by Application:
Commercial
Industrial
Residential

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Ørsted
Duke Energy
RWE
Enbala
Bosch
GE Digital Energy
EnerNOC
Schneider Electric（AutoGrid）
Siemens
Viridity Energy

Please note: The report will take approximately 2 business days to prepare and deliver.