Virtual Power Plant Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2021(Trending Report)

Japan, Japan, Thu, 06 Jan 2022 03:03:08 / Comserve Inc. / -- The virtual power plant market is projected to reach USD 709.2 million by 2021, at a CAGR of 29.68% from 2016 to 2021. Virtual power plant are used in the industrial, commercial and residential sector which includes residential buildings,

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The virtual power plant market is projected to reach USD 709.2 million by 2021, at a CAGR of 29.68% from 2016 to 2021. Virtual power plant are used in the industrial, commercial and residential sector which includes residential buildings, commercial building such as hospitals, educational institutions, office towers, municipalities, universities, among others. Increasing share of renewable energy in the power generation mix, growth in smart grid, and lowering costs for solar and energy storage would drive the Virtual power plant market. But few factors such as health safety concerns regarding Electromagnetic Frequency (EMF) and Radio Frequency (RF) exposure could restrain the market growth of virtual power plants.

"The mixed asset technology segment is expected to grow at the highest CAGR from 2016 to 2021"
With regard to the technology segment, mixed asset are expected to constitute the fastest growing market from 2016 to 2021. Mixed asset includes multiple technologies such as solar power, battery storage, and energy efficiency systems which helps in storing energy through off peak hours and thus reducing the energy consumption by energy efficient systems as well as supply clean power.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Virtual Power Plant Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2021(Trending Report)

"The virtual power plant for residential end-user segment is expected to grow at the fastest CAGR from 2016 to 2021"
The residential end-user segment is estimated to grow at the fastest CAGR. The demand from residential sector is expected to increase due to growing awareness of use of renewables and save energy by reducing carbon emissions. Also, the government mandates initiatives for customer engagement, and incentives programs would drive the residential end-user segment. This segment generally uses virtual power plant in applications such as batteries, smart meters, among others.

"North America and Asia-Pacific: The largest and fastest growing market for virtual power plant"
North America is currently the largest market for virtual power plant, closely followed by Europe. The North American market is primarily driven by countries such as the U.S. and Canada. The U.S. is expected to dominate the virtual power plant market. Decline in the costs of solar PV and battery based energy storage system are the factors which would drive the virtual power plant solution market in North America. Also, Asia-Pacific is projected to be the fastest growing market. The region is the largest market for the infrastructure sector & industrial sector and is taking various steps to reduce carbon footprint and produce renewable energy, resulting in the growth opportunities for the virtual power plant market in this region.

Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-108081
The Final Report will cover the impact analysis of COVID-19 on this industry: Virtual Power Plant Market-Size, Insights of Scope, Compound Annual Growth, Forecast to-2021(Trending Report)

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 62%, Tier2- 23%, Tier 3- 15%
By Designation: C-Level- 35%, Manager-Level- 25%, Others- 40%
By Region: Americas- 52%, Asia-Pacific- 24%, Europe- 16%, RoW- 8%

Research Coverage:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the virtual power plant market; high-growth regions; and market drivers, restraints, and opportunities.
 

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on products, integrated solutions and services offered by the top players in the global virtual power plant market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Virtual power plant market.

• Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for virtual power plant across regions

• Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global virtual power plant market

• Competitive Assessment: In depth In depth vendor dive analysis of all the key players, strategies, products, and manufacturing capabilities of the leading players in the global virtual power plant market

TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 COUNTRIES COVERED 14
1.3.3 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY & PRICING 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 INTRODUCTION 17
2.1.1 SECONDARY DATA 18
2.1.1.1 Key data from secondary sources 18
2.1.2 PRIMARY DATA 19
2.1.2.1 Key data from primary sources 19
2.1.2.2 Key industry insights 19
2.1.2.3 Breakdown of primaries 20
2.2 MARKET SIZE ESTIMATION 21
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 22
2.4 RESEARCH ASSUMPTIONS 23

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