Increasing government initiatives to drive awareness regarding energy conservation and to encourage adoption of renewable power resources is the primary factor driving global virtual power plant market growth.Market Size – USD 422.4 Million in 2019, Market Growth – at a CAGR of 28.6%, Market Trends – Increasing adoption of renewable sources of energy.
The global virtual power plant market is expected to reach a market size of USD 3,724.2 million by 2028 at a relatively robust CAGR over the forecast period, according to latest analysis by Emergen Research. This growth can be attributed to factors such as increasing initiatives of various governments regarding adoption of renewable sources of energy, which is driving renewable power generation activities. Rapid urbanization and rising focus on decarbonization, along with the rapid digitalization trend, are other factors driving adoption of virtual power plants, and the trend is expected to continue during the forecast period.
A new market assessment report on Virtual Power Plant Market brings to light a detailed statistics on the dramatic shift in the competitive landscape and business environment of the Virtual Power Plant Market for the forecast period 2020 - 2027. The comprehensive study offers an overview of the current state of development of the business as well as predicts the course of progress across different regions. A large number of factors including the major driving forces, threats and opportunities are taken into account to present an analytical picture of the industry portrayed in the report.
Read more@ https://www.emergenresearch.com/industry-report/virtual-power-plant-market
Competitive Landscape
ABB
AutoGrid Systems, Inc.
Blue Pillar
Cisco Systems, Inc.
Cpower Energy Management
Enel X
General Electric
Hitachi, Ltd.
IBM
Next Kraftwerke
You Can Download Free Sample PDF Copy of Virtual Power Plant Market at https://www.emergenresearch.com/request-sample/492
Key Objectives of the Report:
- Analysis and estimation of the Virtual Power Plant Market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Virtual Power Plant Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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