DUBLIN--(BUSINESS WIRE)--The "Virtual Power Plant Market by Technology - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to Research and Markets' offering.
The global virtual power plant market was valued at $762 million in 2016, and is expected to reach at $4,587 million by 2023, registering a CAGR of 25.9% from 2017 to 2023. Virtual Power plant (VPP) comprises of a multitude of decentralized, grid-connected energy units installed as an integrated component for flexible electricity production. The number of distributed resources are centrally controlled and managed as part of an interrelated network.
Rise in demand for renewable energy in power generation sector, changes in dynamic of power grids from centralized to distributed, and moderating costs and easy accessibility of energy storage drive the growth of the virtual power plant market. However, health concerns over high frequency human exposure of electromagnetic and radio waves hamper the potential of the market for different end users. Conversely, emerging shift toward electric vehicles and promotion of intelligent office buildings and smart grids, is expected to create opportunities in the market.
The global virtual power plant market is segmented based on technology, end user, and geography. By technology, it is classified into distribution generation, demand response, and mixed asset. Based on end user, it is divided into commercial, industrial, and residential. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Companies Mentioned:
- ABB Ltd.
- AGL Energy
- Autogrid Systems
- Comverge
- Enbala Power Networks
- Enernoc
- General Electric Company
- Siemens AG
- Schneider Electric
- Limejump Ltd.
Key Topics Covered:
Chapter 1 - Introduction
Chapter 2 - Executive Summary
Chapter 3 - Market Overview
Chapter 4 - Virtual Power Plant Market, By Technology
Chapter 5 - Virtual Power Plant Market, By End User
Chapter 6 - Virtual Power Plant Market, By Geography
Chapter 7 - Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/czcqjt/virtual_power
