Virtual Power Plant Market worth $5.5 Billion by 2029
The global Virtual Power Plant Market is expected to grow from an estimated USD 1.9 billion in 2024 to USD 5.5 billion by 2029, at a CAGR of 23.4% during the 2024–2028 period according to a new report by MarketsandMarkets™. Virtual power plants are essential because they provide enhanced grid stability by optimizing and integrating diverse energy sources, contributing to increased energy...
At CAGR of 29.68%, Virtual Power Plant Market to exceed $709.2 Million by 2021
The global virtual
power plant market is expected to grow from USD 193.4 million in 2016 to
USD 709.2 million by 2021, at a CAGR of 29.68% from 2016 to 2021. North America
is estimated to be the largest market for virtual power plants, followed by
Europe in 2016. This trend is expected to continue till 2021. The growth of the
virtual power plant market is driven by increasing share of renewable energy...
Virtual Power Plant (VPP) Market Expected to Boost the Global Industry Growth in the Near Future
The virtual power plant market is expected to grow at a CAGR of 29.68% from 2016 to 2021, to reach a market size of USD 709.2 million by 2021. Major drivers of the virtual power plant include growth in smart grid, increasing share of renewable energy in the power generation mix and lowering costs for solar and energy storage.
To know more Insightful information, click here to Download PDF Brochure...