Visiongain has published a new report on Global Virtual Power Plant Market Forecast, 2021 to 2031: Market Segmentation by Component (Energy Generation Technology, Energy Storage Technologies, Information Communication Technology (ICT)) Market Segmentation by Energy Generation Technology (Wind Based Energy Generation, Small Hydro-Plants, Solar Production, Combined Heat and Power (CHP), Small Power Plants, Other Energy Generation Technology) Market Segmentation by Information Communication Technology (ICT) (Energy Management Systems (EMS), Supervisory Control and Data Acquisition (SCADA), Distribution Management System (DMS), Smart Meters, Other Information Communication Technology (ICT)) Market Segmentation by Energy Storage Technology (Battery Energy Storage System (BESS), Supercapacitor Energy Storage (SCES), Super Conductor Magnetic Energy Storage (SMES), Hydraulic Pumped Energy Storage (HPES), Flywheel Energy Storage (FWES), Other Energy Storage Technology) Market Segmentation by End-User (Industrial VPP, Commercial VPP, Residential VPP, Other End-User) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
According to Visiongain analysis, The global virtual power plant market was valued at US$333 million in 2020 and is projected to reach at a market value of US$1,943.7 million by 2031. Global market is expected to grow at a CAGR of 17.5% during the forecast period 2021-2031. The market is estimated to grow at a CAGR of 17.0% in the first half period 2021-2026 and is projected to grow at CAGR of 18.0% in the other half period 2026-2031'.
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Key questions answered in this exclusive report are:
What can be the best investment options for new product and service lines in virtual power plant?
In order to make new research and development funding, what value proposals should businesses target?
Which rules will enhance the supply chain network for stakeholders?
In which regions in certain segments the demand may mature in the near future?
What are some of the best cost optimization strategies with suppliers with which some well-trained players succeed?
What are the key prospects for moving companies into a new growth path? C-suite?
What regulations in government could challenge the status of key regional markets?
How will the emerging political and economic scenario affect chances in key fields of growth
In different segments, what are the value-taking opportunities?
How are new players on the market going to prevent entry?
How Virtual Power Plant Can Change the Electrical Energy Consumption?
The potential behavior of electrical energy usage will also be affected by technological advancements. Every user wishes to be able to measure the electrical consumption meter accurately and transparently, to have control over the consumption, and to use electricity efficiently. People expect to be active as prosumers (aggressive consumers) who not only consume but also generate electrical energy. When power distributors conduct VPP investments early, they reap the benefits.
Is Virtual Power Plant Increasing Renewable Energy Need?
To avoid contributing greenhouse dioxide, which could cause global warming and environmental harm, the government should use more renewable energy. Coal, a fossil fuel, is becoming increasingly scarce, in addition to its negative environmental implications. As a result, the electrical transmission infrastructure developed with VPP is very adaptable to renewable energy sources like solar panels or microgrid systems.
The comprehensive report offers market estimation and forecast for the period ranging 2021 - 2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of global virtual power plant.
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The aim of this report is to provide detailed market, technology and industry analyses to help readers quantify and qualify the market for VPP technologies used in electricity distribution. Special emphasis is given to ongoing research into improved efficiencies of VPP systems. Important trends are identified and sales forecasts by product categories and major country markets are provided through 2031; these are based on sales data and projections plus information on R&D trends and their likely effects on market potential on a country-by-country basis.
Leading companies and the potential for market growth
China Everbright Greentech Limited
General Electric Company
Schneider Electric SE
International Business Machines Corporation (IBM)
The Global Virtual Power Plant Market Report will be of value to anyone who wants to better understand the market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the industry.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.
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